Family law affected income streams
5JC Family law affected income streams
If:
an income stream is acquired or purchased (the original family law affected income stream) by a person (the member); and
the member’s partner or former partner (the non‑member) becomes entitled to be paid some or all of that income stream under:
a payment split under Part VIIIB of the Family Law Act 1975; or
an order under Part VIIIAA of the Family Law Act 1975;
then so much (if any) of the income stream paid to the non‑member as a series of ongoing payments (secondary FLA income stream) and the remainder (if any) of the income stream paid to the member as such a series of payments (primary FLA income stream) are each family law affected income streams.
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