Income from asset‑test exempt income streams
1099DB Income from asset‑test exempt income streams
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:
if the income stream is not a defined benefit income stream or a military invalidity pension income stream—the amount determined by the Secretary under this paragraph; or
if the income stream is a defined benefit income stream—the amount determined by the Secretary under this paragraph; or
if the income stream is a military invalidity pension income stream—the amount determined by the Secretary under this paragraph.
In making a determination under paragraph (1)(a), (b) or (c), the Secretary must comply with any relevant decision‑making principles in force under section 1099DD.
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