Document ID: chunk:federal_register_of_legislation:C2012C00919:clause:1_109xi:p2
Version: federal_register_of_legislation:C2012C00919
Segment Type: clause
Provision Reference: sch 1 cl 109XI (pt 2/2)
Character Range: 35978–36704

the Commissioner must take account of:
 (a) the amount the private company is or becomes entitled to from the net income of the first interposed trust; and
 (b) how much (if any) of that amount the Commissioner believes represented consideration payable to the private company by:
 (i) the target trust; or
 (ii) any of the interposed trusts;
  for anything (assuming that the consideration payable equals that for similar transactions at arm's length).

Timing of entitlement
 (7) The company is taken to be or to become entitled to the amount from the net income of the target trust at the time the company is or becomes entitled to the amount from the net income of the first interposed trust mentioned in paragraph (1)(a).