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Expenditure Rules

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Last amended: 27 May 2011

Discretionary spending

    

The Commission may determine the value of income and assets that may be applied by a trust, in each financial year, for purposes that primarily benefit the principal beneficiary. These may relate to expenditure by the trust that are for purposes other than the primary purpose, such as for the health, well-being, recreation, independence and social inclusion. The expenditure applied cannot exceed the value that is specified in the determination for that tax year. Other purposes such as the maintenance and the practical administration of the trust are considered to be ancillary to the primary purpose and are not subject to the expenditure determination.