Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1120a
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1120A
Character Range: 2180569–2181346

1120A  Value of asset‑tested FLA income streams
 (1) This section applies to family law affected income streams.
 (2) The value of an income stream that is not a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary.
 (3) The value of an income stream that is a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary.
 (4) In making a determination under subsection (2) or (3), the Secretary must comply with any relevant decision‑making principles in force under subsection (5).
 (5) The Secretary may, by legislative instrument, formulate principles (decision‑making principles) to be complied with by him or her in making decisions under:
 (a) subsection (2); or
 (b) subsection (3).