Document ID: chunk:federal_register_of_legislation:C2006C00468:clause:8_46
Version: federal_register_of_legislation:C2006C00468
Segment Type: clause
Provision Reference: sch 8 cl 46
Character Range: 66540–67282

46  Subsections 1120A(2), (3) and (4)
Repeal the subsections, substitute:

 (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).