Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1207v:p3
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1207V (pt 3/3)
Character Range: 2564781–2565605

this section, an individual passes the source test in relation to a trust if:
 (a) the individual has transferred property or services to the trust after 7.30 pm, by standard time in the Australian Capital Territory, on 9 May 2000; and
 (b) the underlying transfer was made for no consideration or for a consideration less than the arm's length amount in relation to the underlying transfer.

Group
 (4) A reference in this section to a group in relation to an individual is a reference to:
 (a) the individual acting alone; or
 (b) an associate of the individual acting alone; or
 (c) the individual and one or more associates of the individual acting together; or
 (d) 2 or more associates of the individual acting together.

Income
 (5) In this section:
income means income within the ordinary meaning of that expression.