Last amended: 9 October 2006
If the income or capital of the special disability trust [2] (SDT) is used for purposes which make it a non-complying trust, then the trust will be assessed under the normal trust and company rules from the date the trust was deemed by a delegate to be non-complying. Any gifts will lose their concessional treatment from the date that the trust becomes non-complying.
Events which could result in the trust being non-complying include:
According to section 52ZZZW of the VEA [3], a special disability trust is a trust that has been established solely in order to provide for the current and future care and accommodation needs of the beneficiary who is a person with a severe disability [2].
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16395%23comment-form
[2] https://clik.dva.gov.au/%23
[3] http://clik.dva.gov.au/legislation-library