Document ID: chunk:federal_register_of_legislation:F2022C00945:front:0:p1
Version: federal_register_of_legislation:F2022C00945
Segment Type: other
Provision Reference: 
Character Range: 0–3036

Repatriation Commission

Veterans' Entitlements (Asset‑test Exempt Income Stream (Market‑linked) – Payment Factors) Principles 2005

Instrument 2015 No. R7
made under subsection 5JBA(5A) of the

Veterans' Entitlements Act 1986

Compilation No. 3

Compilation date: 2 August 2022

Includes amendments up to: F2022L01036

Registered: 26 September 2022

About this compilation

This compilation

This is a compilation of the Veterans' Entitlements (Asset-test Exempt Income Stream (Market-linked) – Payment Factors) Principles 2005 that shows the text of the law as amended and in force on 2 August 2022 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1.1 Name of Principles
Part 2—Principles
2.1 Payment Factors
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Endnote 5—Editorial changes

Part 1—Preliminary

1.1  Name of Principles
  This instrument is the Veterans' Entitlements (Asset‑test Exempt Income Stream (Market‑linked) – Payment Factors) Principles 2005.

Part 2—Principles

2.1  Payment Factors

Definition of PF
 (1) For the formula in subsection 5JBA(5) of the VEA, subject to subsection 2.1(1A) of these Principles, PF means the payment factor specified in column 3 of the table in this section of the Principles that corresponds with the remaining term of the income stream. The payment factor is to be applied:
 (a) on 1 July of the financial year for which the total amount is being