Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SOCIAL SECURITY ACT 1991 - SECT 1099DB

Income from asset-test exempt income streams

             (1)  For the purpose of working out the annual rate of ordinary income of a person from an asset-test exempt income stream to which this Subdivision applies, the person is taken to receive from that income stream each year:

                     (a)  if the income stream is not a defined benefit income stream--the amount determined by the Secretary under this paragraph; or

                     (b)  if the income stream is a defined benefit income stream--the amount determined by the Secretary under this paragraph.

             (2)  In making a determination under paragraph (1)(a) or (b), the Secretary must comply with any relevant decision-making principles in force under section 1099DD.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback