s 1120B
In forceValue of partially asset‑test exempt income streams
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12, sections 1061ZVAA-1157
Chapter 3General provisions relating to payability and rates
Part 3.12General provisions relating to the assets test
Division 1Value of person’s assets
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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