Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1120B

Value of partially asset - test exempt income streams

  (1)   This section applies to income streams covered by paragraph   1118(1)(da).

  (2)   The value of such an income stream is, for the purposes of paragraph   1118(1)(da), worked out as follows:

  (a)   if the income stream is a family law affected income stream--under section   1120A;

  (b)   otherwise--under section   1119;

as if the income stream were an asset - tested income stream to which that section applied.


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