Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6b:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6B (pt 1/2)
Character Range: 56604–59157

6B  Income beneficially derived
 (1) For the purposes of this Act, an amount of income derived by a person, not being a dividend paid by a company to the person as a shareholder in the company, shall be deemed to be attributable to a dividend:
 (a) if the person derived the amount of income by reason of being the beneficial owner of the share in respect of which the dividend was paid; or
 (b) if the person derived the amount of income as a beneficiary in a trust estate and the amount of income can be attributed, directly or indirectly, to the dividend or to an amount that is deemed, by any application or successive applications of this subsection, to be an amount of income attributable to the dividend.
 (1A) For the purposes of this Act, an amount of income derived by a person, being income other than passive income, is to be taken to be income attributable to passive income:
 (a) if the person derived the amount of income by reason of being beneficially entitled to an amount representing passive income; or
 (b) if the person derived the amount of income as a beneficiary in a trust estate and the amount of income can be attributed, directly or indirectly, to passive income or to an amount that is taken, by any application or successive applications of this subsection, to be an amount of income attributable to passive income.
 (2) For the purposes of this Act, an amount of income derived by a person, being income other than interest income, shall be deemed to be income attributable to interest income:
 (a) if the person derived the amount of income by reason of being beneficially entitled to an amount representing interest income; or
 (b) if the person derived the amount of income as a beneficiary in a trust estate and the amount of income can be attributed, directly or indirectly, to interest income or to an amount that is deemed, by any application or successive applications of this subsection, to be an amount of income attributable to interest income.
 (2A) For the purposes of this Act, an amount of income derived by a person shall be deemed to be income derived from a particular source:
 (a) except where paragraph (b) applies:
 (i) if the person derived the amount of income by reason of being beneficially entitled to an amount that is derived from that source; or
 (ii) if the person derived the amount of income as a beneficiary in a trust estate and the amount of income can be attributed, directly or indirectly, to income derived from that source or to an amount that is deemed, by any other application or