Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 1/2)
Character Range: 5426180–5428966

4                   the trustee of a trust is the intermediary entity and the trustee or a beneficiary of the trust is the focal entity if:  the amount worked out under column 3 of:                                                                                                     so much of the amount worked out under column 2 of this item as is attributable to the focal entity in this item, having regard to the trust deed and any other relevant circumstances
                    (a) *NRAS rent *flows indirectly to the trustee as a partner in a partnership or as a beneficiary of another trust; and  (a) item 1 or 2 of this table where the trustee, as a partner, is the focal entity in that item; or
                    (b) the trustee or beneficiary has, in respect of the trust, a share amount mentioned in subsection 380‑25(3) or (4)     (b) item 3 or a previous application of this item where the trustee, as a beneficiary, is the focal entity in that item

Note: In item 3 or 4 of the table, the trustee of a trust can be both the intermediary entity and the focal entity in the same item.

Miscellaneous

380‑32  Amended certificates
  A reference in this Subdivision to an *NRAS certificate in relation to an *NRAS year is to be treated as a reference to an amended NRAS certificate in relation to the NRAS year, if the *Housing Secretary issues such an amended certificate.

Subdivision 380‑B—Payments made in relation to the National Rental Affordability Scheme etc.

Table of sections
380‑35 Payments made and non‑cash benefits provided in relation to the National Rental Affordability Scheme

380‑35  Payments made and non‑cash benefits provided in relation to the National Rental Affordability Scheme
  A payment made to you, or a *non‑cash benefit provided to you, (whether directly or indirectly, such as through an *NRAS consortium of which you are a *member) by:
 (a) a Department of a State or Territory; or
 (b) a body (whether incorporated or not) established for a public purpose by or under a law of a State or Territory;
in relation to your participation in the *National Rental Affordability Scheme is not assessable income and is not *exempt income.

Division 385—Primary production

Table of Subdivisions
 Guide to Division 385
385‑E Primary producer can elect to spread or defer tax on profit from forced disposal or death of live stock
385‑F Insurance for loss of live stock or trees
385‑G Double wool clips
385‑H Rules that apply to all elections made under Subdivisions 385‑E, 385‑F and 385‑G

Guide to Division 385

385‑1  What this Division is about
      This Division contains rules that are specific to primary producers.

Table of sections
385‑5 Where to find some other rules relevant to primary producers

385‑5  Where to find some other rules