(1) Your assessable income includes an amount you receive under a * forestry managed investment scheme if:
(a) you are the * forestry manager of the scheme, or an * associate of the forestry manager; and
(b) the entity that paid the amount can deduct or has deducted the amount under section 394-10 in relation to the scheme (disregarding subsection 394-10(5)).
The amount is included for the income year for which the entity that paid the amount can or has claimed a deduction for it (disregarding subsection 394-10(5)).
(2) No part of an amount included under subsection (1) is included in your assessable income for a later income year.