Document ID: chunk:federal_register_of_legislation:C2004A01350:clause:2_33
Version: federal_register_of_legislation:C2004A01350
Segment Type: clause
Provision Reference: sch 2 cl 33
Character Range: 40110–40964

33  After subsection 52(1)
Insert:

 (1AA) For the purposes of paragraphs (1)(d) and (daa):

partially asset‑test exempt income stream means an asset‑test exempt income stream that:
 (a) is:
 (i) an income stream covered by subsection 5JA(1) or (1A), or 5JB(1), that is not a defined benefit income stream; or
 (ii) an income stream covered by subsection 5JBA(1); and

Note: For defined benefit income stream, see section 5J.
 (b) has a commencement day happening on or after 20 September 2004; and

Note: For commencement day, see section 5J.
 (c) is not covered by principles (if any) determined in writing by the Commission.

 (1AB) A determination under paragraph (c) of the definition of partially asset‑test exempt income stream in subsection (1AA) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.