Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1099DAB

Income--asset-tested income stream (lifetime)

    If the income stream is an asset - tested income stream (lifetime), the amount that the person is taken to receive from the income stream each year is worked out as follows:

Start formula Annual payment times 0.6 end formula

where:

"annual payment" means the amount payable to the person for the year under the income stream.

Subdivision C -- Family law affected income streams


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