According to section 52ZZZL of the VEA, the adjusted net primary production income within subdivision K for a particular tax year is the sum of, where a primary production enterprise is being carried on by:
- an individual, 100% of the net income of that primary production enterprise,
- a company being a [glossary:controlled private company:72] in relation to the individual throughout that tax year
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100% of the net income of that primary production enterprise, or
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a lower percentage if the Commission determines otherwise,
- a trust that was a [glossary:controlled private trust :86] in relation to the individual throughout that tax year:
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a business partnership of which the individual was a partner throughout that tax year:
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The Commission must comply with any relevant decision-making principles.