Document ID: chunk:federal_register_of_legislation:F2025L00251:reg:19
Version: federal_register_of_legislation:F2025L00251
Segment Type: reg
Provision Reference: reg 19
Character Range: 10751–11606

19  Future benefit from distributions by company or trust

        1.     The Commission must consider whether it is reasonably foreseeable that the individual may receive a benefit from a future distribution by the company or trust.

        2.     If subsection (1) applies, the Commission must also consider the likely value of the benefit.

        3.     For this section, the Commission must have regard to:

           1.     the constituent documents of the company; or
           2.     documents, if any, establishing the terms of the trust.

        1.     For this section, a distribution includes a distribution:

           1.     in the case of a distribution by a company — of the capital or income, or both, of the company; and
           2.     in the case of a distribution by a trust — of the corpus or income, or both, of the trust.