11 Partnership Persons who D, E and F D and E are entitled carry on together to, business as only. individually DEF Services or together, under the (beneficially DEF or not) more Partnership. than 50% of D and E are the each entitled partnership’s to 50% of the capital. partnership’s capital (F has no entitlement to capital). 12 Partnership Persons who D, E and F F alone F also carries on are entitled carry on D and F business as a sole to, business as E and F trader under the individually DEF Services D, E and F business name or together, under the together. Pizzeria’. ‘Fernando’s (beneficially DEF Because F has a or not) more Partnership. 100% controlling than 50% of D and E are interest in Fernando’s the each entitled Pizzeria and a 60% partnership’s to 20% of the controlling interest in income. partnership’s DEF Services, the two income. F is businesses are entitled to grouped. 60% of the partnership’s income. 13 Unit Trust Persons who Western Any three or are entitled Transport & more of to more than Logistics Pty John, Mary, 50% of the Ltd (WTLPL) Annabel or units, in is the trustee Jack terms of of the WTL together. income Unit Trust, and/or which carries capital, in on business accordance as Western with the Transport & provisions of Logistics. the trust John, Mary, deed. Annabel and Jack each hold 25% of the units in the WTL Unit Trust.
11 Partnership Persons who are entitled to, individually or together, (beneficially or not) more than 50% of the partnership’s capital. D, E and F carry on business as DEF Services under the DEF Partnership. D and E are each entitled to 50% of the partnership’s capital (F has no entitlement to capital). D and E together only. 12 Partnership Persons who are entitled to, individually or together, (beneficially or not) more than 50% of the partnership’s income. D, E and F carry on business as DEF Services under the DEF Partnership. D and E are each entitled to 20% of the partnership’s income. F is entitled to 60% of the partnership’s income. F alone D and F E and F D, E and F together. F also carries on business as a sole trader under the business name ‘Fernando’s Pizzeria’. Because F has a 100% controlling interest in Fernando’s Pizzeria and a 60% controlling interest in DEF Services, the two businesses are grouped. 13 Unit Trust Persons who are entitled to more than 50% of the units, in terms of income and/or capital, in accordance with the provisions of the trust deed. Western Transport & Logistics Pty Ltd (WTLPL) is the trustee of the WTL Unit Trust, which carries on business as Western Transport & Logistics. John, Mary, Annabel and Jack each hold 25% of the units in the WTL Unit Trust. Any three or more of John, Mary, Annabel or Jack together.