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Define the following terms with reference to ITAA36 & case law: . Beneficiaries; . Discretionary trust; . Presently entitled; . Legal disability; . Net income

Define the following terms with reference to ITAA36 & case law: . Beneficiaries; . Discretionary trust; . Presently entitled; . Legal disability; . Net income of a trust; . 'earned' v 'unearned' income; . Prescribed person; and . Excepted person

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