Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zma:p3
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZMA (pt 3/3)
Character Range: 842348–843261

to pay in his or her capacity as purchaser of the old income stream.
 (9) For the purposes of this section:
 (a) 2 or more asset‑test exempt income streams constitute a succession of asset‑test exempt income streams if each income stream (other than the first of those income streams to be provided) has been funded by means of the payment, or part of the payment, resulting from the commutation of another of those income streams; and
 (b) an income stream is the first income stream in a succession of income streams if it is the first of those income streams to be provided.
 (10) In this section:
hardship amount has the same meaning as in subsection 5JA(7).
 (11) This section does not apply to an income stream in relation to which a determination under subsection 5JA(5), 5JB(4) or 5JBA(11) is in force.

Division 11A—Means test treatment of private companies and private trusts

Subdivision A—Introduction