13No double counting of attributed income—general

13 No double counting of attributed income—general

(1) For paragraphs 52ZZL(1)(d) and (e) and (2)(d) and (e) of the Act, the Commission must have regard to the ordinary income of the individual received during the relevant attribution period and consider if the individual is an attributable stakeholder of:

(a) more than 1 controlled private company; or

(b) more than 1 controlled private trust; or

(c) at least 1 controlled private company and 1 controlled private trust.

(2) For paragraphs 52ZZL(1)(d) and (e) and (2)(d) and (e) of the Act, the Commission must also consider if a company or trust mentioned in subsection (1) has derived an amount, directly or indirectly, by way of dividend or other distribution from another controlled private company or controlled private trust.