Document ID: chunk:federal_register_of_legislation:C2006C00468:clause:8_1099db
Version: federal_register_of_legislation:C2006C00468
Segment Type: clause
Provision Reference: sch 8 cl 1099DB
Character Range: 64814–65510

1099DB  Income from asset‑test exempt income streams

 (1) For the purpose of working out the annual rate of ordinary income of a person from an asset‑test exempt income stream to which this Subdivision applies, the person is taken to receive from that income stream each year:
 (a) if the income stream is not a defined benefit income stream—the amount determined by the Secretary under this paragraph; or
 (b) if the income stream is a defined benefit income stream—the amount determined by the Secretary under this paragraph.

 (2) In making a determination under paragraph (1)(a) or (b), the Secretary must comply with any relevant decision‑making principles in force under section 1099DD.