Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_5:p2
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 5 (pt 2/23)
Character Range: 139957–142576

dividend; and
 (d) whether the company has paid a dividend on other shares in the company and, if so, the rate of that dividend; and
 (e) whether the company has issued any shares to the entity in satisfaction of a dividend paid by the company (or part of it) and, if so, the circumstances of the issue; and
 (f) any other relevant matters.

 (4) Income *derived by the entity as a beneficiary of a trust, other than because of holding a fixed entitlement to the income, is non‑arm's length income of the entity.

 (5) Other income *derived by the entity as a beneficiary of a trust through holding a fixed entitlement to the income of the trust is non‑arm's length income of the entity if:
 (a) the entity acquired the entitlement under a *scheme, or the income was derived under a scheme, the parties to which were not dealing with each other at *arm's length; and
 (b) the amount of the income is more than the amount that the entity might have been expected to derive if those parties had been dealing with each other at arm's length.

 (6) This section:
 (a) applies to a *non‑share equity interest in the same way as it applies to a *share; and
 (b) applies to an *equity holder in a company in the same way as it applies to a shareholder in the company; and
 (c) applies to a *non‑share dividend in the same way as it applies to a *dividend.

295‑555  Components of taxable income—RSA providers

 (1) The taxable income of an *RSA provider is split into an *RSA component and a *standard component.

Note: The RSA component is taxed at the same concessional rate that applies to the low tax component of complying superannuation funds, complying approved deposit funds and pooled superannuation trusts. The standard component is taxed at the standard company rate.

 (2) The RSA component for an income year is worked out in this way:

      Method statement
           Step 1. Add these amounts included in the provider's assessable income for the income year:

                (a) amounts included under Subdivision 295‑C; and
                (b) other amounts credited during the year to *RSAs that it provides.

           Step 2. Subtract from the step 1 amount amounts paid from those *RSAs (except benefits for the RSA holders or tax).
           Step 3. The result is the RSA component.
 (3) However, if the amount worked out under subsection (2) is more than the *RSA provider's taxable income:
 (a) the provider's taxable income is equal to the *RSA component; and
 (b) this Act applies to the provider as if it had a *tax loss for the income year of an amount that would have been that loss if the