From www.smsfadviser.com: Trust deeds must expressly include appropriate streaming powers to allow for the streaming of different types of income among beneficiaries, as highlighted by legal expert Shaun Backhaus.

The ATO is reviewing trust deeds and distribution resolutions to ensure they authorize such streaming, which is crucial for optimising tax outcomes.

Advisers are advised to review older trust deeds for compliance with recent legislative changes and to secure expert advice if their streaming powers are inadequate.