46A
In forceCertain amounts taken to be received over 12 months
Volume 2Parts IIIB to VA, sections 46 to 93ZG
Part IIIBProvisions applying to service pension, income support supplement and veteran payment
Division 1Ordinary income concept
46A Certain amounts taken to be received over 12 months
If a person receives, whether before or after the commencement of this section, an amount that:
(a)
is not income within the meaning of Division 3 or 4 of this Part; and
(b)
is not:
(i)
income in the form of periodic payments; or
(ii)
ordinary income from remunerative work undertaken by the person; or
(iii)
an exempt lump sum;
the person is, for the purposes of this Act, taken to receive one fifty‑second of that amount as ordinary income of the person during each week in the 12 months commencing on the day on which the person becomes entitled to receive that amount.
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