Document ID: chunk:federal_register_of_legislation:C2025C00014:section:95a
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 95A
Character Range: 639149–639783

95A  Special provisions relating to present entitlement
 (1) For the purposes of this Act, where a beneficiary of a trust estate is presently entitled to any income of the trust estate, the beneficiary shall be taken to continue to be presently entitled to that income notwithstanding that the income is paid to, or applied for the benefit of, the beneficiary.
 (2) For the purposes of this Act, where a beneficiary has a vested and indefeasible interest in any of the income of a trust estate but is not presently entitled to that income, the beneficiary shall be deemed to be presently entitled to that income of the trust estate.