Document ID: chunk:federal_register_of_legislation:C2019A00005:clause:1_39
Version: federal_register_of_legislation:C2019A00005
Segment Type: clause
Provision Reference: sch 1 cl 39
Character Range: 25410–27188

39  Application provisions
(1) The amendment made by item 9 applies in relation to a payment made on or after the commencement of this item.
(2) Sections 1099DAB, 1120AA and 1120AB of the Social Security Act 1991, as added or inserted by this Schedule, apply in relation to an asset‑tested income stream (lifetime), where:
 (a) the first payment for the income stream is made on or after the commencement of this item (whether the payment represents the whole payment for the income stream or part only); or
 (b) the income stream is acquired on or after the commencement of this item (if no amount is identifiable as having been paid for the income stream).
(3) Section 1099DCA of the Social Security Act 1991, as inserted by this Schedule, applies in relation to an asset‑tested income stream (lifetime) that is a family law affected income stream, where:
 (a) the first payment for the income stream covered by paragraph 9C(a) of that Act (that resulted in the family law affected income stream) is made on or after the commencement of this item (whether the payment represents the whole payment for the income stream covered by paragraph 9C(a) of that Act or part only); or
 (b) the income stream covered by paragraph 9C(a) of that Act (that resulted in the family law affected income stream) is acquired on or after the commencement of this item (if no amount is identifiable as having been paid for the income stream covered by paragraph 9C(a) of that Act).
(4) Section 1121B of the Social Security Act 1991, as inserted by this Schedule, applies in relation to a person who became the owner of the policy concerned on or after the commencement of this item (whether the person reached pension age before, on or after that commencement).

Veterans' Entitlements Act 1986