You will see that after providing the name and (if possible) the file number of the partnership or trust you must return the income derived by the taxpayer in 2 categories -

Why do you think the total entitlement is broken up in this way?

The reason is that primary production can attract an additional tax or a rebate of tax - that is a certain proportion of the tax which is payable on these amounts can be given back to the taxpayer. We will not pause here to discuss the treatment given in respect of the tax payable on income from primary production.

Suffice it to say that the rate of tax charged may be that applicable to a taxable income equal to the average of the last 5 years taxable incomes.

This may be more or less than the tax normally payable on the current year income.

If you are interested in finding out more refer to the lesson on primary production business income and the topic on averaging of income.

You will also notice a reference to credit for prescribed payments these are tax instalment deductions from certain contractor income. Refer CCH Master Tax Guide-para 26-200 etc if you wish to learn more about these