•   This Division sets up a system for the attribution to individuals of the assets and income of private companies and private trusts (sections   52ZZK and 52ZZR).

•   Attribution starts on 1   January 2002.

•   For an asset or income to be attributed to an individual:

  (a)   the company must be a designated private company or the trust must be a designated private trust (sections   52ZZA and 52ZZB); and

  (b)   the company must be a controlled private company in relation to the individual or the trust must be a controlled private trust in relation to the individual (sections   52ZZC and 52ZZH); and

  (c)   the individual must be an attributable stakeholder of the company or trust (section   52ZZJ).

•   A company or trust will be a controlled private trust or a controlled private company if the individual passes a control test or a source test.

•   An individual will not be an attributable stakeholder of a trust if the trust is a concessional primary production trust in relation to the individual.

•   The asset deprivation rules and the income deprivation rules are modified if attribution happens.