46V
CurrentIncome—income stream is a defined benefit income stream
Volume 2Parts IIIB to VA, sections 46 to 93ZG
Part IIIBProvisions applying to service pension, income support supplement and veteran payment
Division 4Income from income streams not covered by Division 3
Subdivision BIncome streams that are not family law affected income streams
46V Income—income stream is a defined benefit income stream
If the asset‑test exempt income stream to which this Subdivision applies is a defined benefit income stream, the amount that the person is taken to receive from the income stream each year is worked out as follows:
Start formula Annual payment minus Deductible amount end formula
where:
annual payment means the amount payable to the person for the year under the income stream.
deductible amount has the meaning given by subsection 5J(1).
This Act’s bill:Second reading speech
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