20Attribution period must reflect typical circumstances

20 Attribution period must reflect typical circumstances

(1) This section applies to the determination of an attribution period in relation to:

(a) a specified individual who is an attributable stakeholder of a specified company or trust; and

(b) a specified derivation period of the company or trust.

(2) The attribution period must be a period that is determined having regard to the following matters:

(a) the ordinary income of the attributable stakeholder for the derivation period;

(b) the ordinary income of the attributable stakeholder for any other period or periods that may reasonably be regarded as typical earning periods for the attributable stakeholder;

(c) any circumstances affecting the attributable stakeholder during the periods referred to in paragraphs (a) and (b);

(d) any circumstances that may reasonably be regarded as likely to affect the ordinary income of the attributable stakeholder.