46YB
CurrentIncome—asset‑tested income stream (lifetime)
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
46YB Income—asset‑tested income stream (lifetime)
If the income stream is an asset‑tested income stream (lifetime), the amount that the person is taken to receive from the income stream each year is worked out as follows:
Start formula Annual payment times 0.6 end formula
where:
annual payment means the amount payable to the person for the year under the income stream.
This Act’s bill:Second reading speech
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