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Edited version of private advice
Authorisation Number: 1051896180676
Date of advice: 10 September 2021
Ruling
Subject: Excepted person
Question
Is the beneficiary an excepted person for the purposes of paragraph 102AC(2)(d) of the Income Tax Assessment Act 1936 (ITAA 1936)?
Answer
Yes. The Commissioner is satisfied that the beneficiary is an excepted person as defined in paragraph 102AC (2)(d) of the ITAA 1936
This ruling applies for the following periods:
Year ended 30 June 2021
Year ending 30 June 2022
Year ending 30 June 2023
Year ending 30 June 2024
Year ending 30 June 2025
Year ending 30 June 2026
Year ending 30 June 2027
Year ending 30 June 2028
Year ending 30 June 2029
Year ending 30 June 2030
Year ending 30 June 2031
The scheme commences on:
1 July 2019
Relevant facts and circumstances
The beneficiary is under 18 years of age. Their date of birth is XX/XX/XXXX.
You have provided a medical certificate from a qualified medical practitioner, certifying that XXXX has a permanent physical disability.
You propose to make distributions to XXXX to account for costs to care for the minor due to their disability.
Relevant legislative provisions
Income Tax Assessment Act 1936 Subsection 102AC(2)
Income Tax Assessment Act 1936 Division 6AA
Social Security Act 1991 Part 2.19