1 On 1 January 2015, Phillip Sexton created the Sexton Family Trust for the benefit of: (i) his step daughter, Maya (aged 30 years old in 2017); (ii) his daughter, Bee (aged 15 years old and a full-time student in 2017); (iii) his son, Alex (aged 17 years old in 2017); (iv) his brother, Tom (aged 48 years old and an undischarged bankrupt in 2017); and (v) Nation Pty Ltd. (of which he is the sole shareholder and director). Under the terms of the Trust, he appointed Apex Pty Ltd. (of which he is the sole shareholder and director) the Trustee of the Trust. It is also a term of the Trust that the Trustee has absolute discretion as to how the income and capital of the Trust are to be distributed to the beneficiaries. For the year ended 30 June 2017, the Trustee received the following amounts for the Trust: $ 1. Income from Trust's business 91,970 (after all allowable deductions) 2. Net Rental Income 40,000 (after all allowable deductions) 3. Interest 20,000 (from a fixed deposit account) No other expense was incurred. For the year ended 30 June 2017, the Trustee made the following distribution to the beneficiaries: (i) (ii) (iii) (iv) (v) Maya Bee Alex Tom Nation Pty Ltd $23,224 $23,224 $12,806 $10,000 $40,000 For the year ended 30 June 2017: (i) Maya received $50,000 being pay and allowances for services as a full time member of the Naval Reserve. She also incurred expenses of $2,000 for laundry and uniform in earning her Naval Reserve income. 1 (ii) Bee received $25,000, as salary, working as a casual employee for David Jones. An amount of $750 was deducted from her salary by David Jones for the purposes of PAYG withholding. (iii) On 25 June 2017, Alex commenced working full time as a storekeeper at Woolworths as its employee. As at 30 June 2017, he has not received any salary from Woolworths. (iv) Tom received a fully franked dividend of $15,000 from an Australian public company. (v) Nation Pty Ltd sold shares in an Australian public company for $40,000 on 29 June 2017. The shares were bought for $20,000 on 1 January 2010. Advice each of Maya, Bee, Alex, Tom, Nation Pty Ltd. and Apex Pty Ltd. of their respective liability to tax for the year ended 30 June 2017. 2