Thanks Terryw

The structure of the business (it is a farming business) is the corporate entity is obviously the trading entity operating in trust for the underlying family trust. So from my understanding the financials are essentially issued in the trust name in such instances.

However, the financial statement reflects as loss in P&L & Accumulated losses in the balance sheet. The financial statements are titled : XYZ Pty Ltd As Truste for XYZ Family Trust.

Yes, I would say the beneficiary essentially contributed the capital perhaps at some occasion however is now making drawings. I wanted to know how are drawings treated for tax purposes. Are these cash drawings ? How do these get accounted for from an accounting perspective.