Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Each of the following is a FIF attribution account payment:
(a) a dividend paid by a company to a shareholder;
(b) interest paid on a convertible note to the holder of the note;
(c) the individual interest of a partner in the net income (within the meaning of section 90) of a partnership of a year of income;
(d) if a beneficiary of a trust is presently entitled to a share of the income of the trust--that share of the net income (within the meaning of section 95) of the trust of a year of income;
(e) the whole or part of the net income of a trust of a year of income that is assessable to the trustee under section 99 or 99A;
(f) an amount of trust property that would be included in the assessable income of a beneficiary of a year of income under section 99B if:
(i) the beneficiary were a resident, within the meaning of section 6, at a time during the year of income; and
(ii) paragraph 99B(2)(c) were replaced by a paragraph referring to any FIF attribution account payment under paragraph (d) or (e) of this subsection;
(g) a payment made by the person who issued a FLP to a person who has an interest in the FLP;
(h) an amount that is included in assessable income under Division 82, 301, 302, 304 or 305 of the Income Tax Assessment Act 1997 , or Division 82 of the Income Tax (Transitional Provisions) Act 1997 .
(2) The FIF attribution account payment is taken to be made:
(a) in a paragraph (1)(c) case--by the partnership to the partner; and
(b) in a paragraph (1)(d) or (f) case--by the trust to the beneficiary; and
(c) in a paragraph (e) case--by the trust to the trustee;
and, in any such case, to be made at the end of the year of income.