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adjusted Division6 percentage

Term definition

, of an entity that is a beneficiary or trustee of a trust estate, means the entity’s Division 6 percentage of the income of the trust estate calculated on the assumption that the amount of a capital gain or franked distribution to which any beneficiary or the trustee of the trust estate is specifically entitled were disregarded in working out the income of the trust estate.

Defined by Legislation
Appears in Legislation

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.