Document ID: chunk:federal_register_of_legislation:C2008A00130:clause:1_3
Version: federal_register_of_legislation:C2008A00130
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 17315–18012

3                   the trustee of a trust is the intermediary entity and the trustee or a beneficiary of the trust is the focal entity if:  (a) if the trust has a positive amount of *net income for that year—the NRAS rent; or                                                        so much of the amount worked out under column 2 of this item as is taken into account in working out that share amount
                    (a) *NRAS rent is *derived by the trustee; and                                                                           (b) otherwise—nil
                    (b) the trustee or beneficiary has, in respect of the trust, a share amount mentioned in subsection 380‑25(3) or (4)