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10.3 Business Structures and Trusts
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In this chapter
This chapter contains information on assessing the income and assets of various business structures and trusts.
See Also
Business Structures and Trusts
Chapter 9.1 Income and Assets Test Principles
Chapter 9.5 Deeming Provisions
Chapter 10.4 Superannuation Funds
Chapter 10.6 Maintenance Income
5.5.3/Transfer Requirements Where Property Owned by Company or Trust
5.10.3/Transfer Requirements where Property Owned by Company or Trust
According to section 5H of the VEA income is:
- an amount earned, derived or received by a person for the person's own use or benefit;
- a periodical payment by way of gift or allowance; or
- a periodical benefit by way of gift or allowance.
An asset means any property, including property outside Australia.