Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1120A

Value of asset-tested FLA income streams

             (1)  This section applies to family law affected income streams.

             (2)  The value of an income stream that is not a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary.

             (3)  The value of an income stream that is a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary.

             (4)  In making a determination under subsection (2) or (3), the Secretary must comply with any relevant decision-making principles in force under subsection (5).

             (5)  The Secretary may, by legislative instrument, formulate principles ( decision-making principles ) to be complied with by him or her in making decisions under:

                     (a)  subsection (2); or

                     (b)  subsection (3).



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