The Government has issued exposure draft legislation that will provide from streaming of capital gains and franked distributions (e.g. dividends) that form part of the net income of the trust to beneficiaries of that trust. The Commissioner had previously allowed this to be done in a public taxation ruling but following the High Court decision in Bamford said that such public ruling would be withdrawn thus putting some doubt on the future streaming of categories of income. However Bamford did not decide the issue of whether or not streaming was permissible. In relation to other categories of income, trustees will have to rely on current case law to do so.