Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1099dc
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1099DC
Character Range: 2129033–2129739

1099DC  Income from asset‑tested income stream (long term)
 (1) For the purpose of working out the annual rate of ordinary income of a person from an asset‑tested income stream (long term) 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.