Document ID: chunk:federal_register_of_legislation:C2024C00866:section:5j:p3
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 5J (pt 3/8)
Character Range: 98340–100985

money;
 (i) a managed investment;
 (j) a listed security;
 (k) a loan that has not been repaid in full;
 (l) an unlisted public security;
 (m) gold, silver or platinum bullion;
 (n) a payment of compensation to a person, or a payment to a person under an insurance scheme, in relation to:
 (i) the person's inability to earn, derive or receive income from remunerative work; or
 (ii) the person's total and permanent disability or incapacity.
investment:
 (a) in relation to a superannuation fund or approved deposit fund—has the meaning given by subsection (6); or
 (b) in relation to an ATO small superannuation account—has the meaning given by subsection (6A).
investor, in relation to an ATO small superannuation account, means the person in whose name the account is kept.
life expectancy has the same meaning as life expectation factor has in section 27H of the Income Tax Assessment Act.
listed security means:
 (a) a share in a company; or
 (b) another security;
listed on a stock exchange.
loan has a meaning affected by subsections (2) and (2A).
managed investment has the meaning given by subsections (1A), (1B) and (1C).
military invalidity pension income stream has the meaning given by subsection (1EA).
original family law affected income stream has the meaning given by section 5JC.
primary FLA income stream has the meaning given by section 5JC.
public unit trust means a unit trust that:
 (a) except where paragraph (b) applies—was, in relation to the unit trust's last year of income, a public unit trust for the purposes of Division 6B of Part III of the Income Tax Assessment Act; or
 (b) where the first year of income of the unit trust has not yet finished—has, at some time since the trust was established, satisfied at least one of the paragraphs of subsection 102G(1) of the Income Tax Assessment Act.
purchase price, in relation to an income stream, means the sum of the payments made to purchase the income stream (including amounts paid by way of employer and employee contributions) less any commuted amounts.
relevant number, in relation to an income stream, means:
 (a) if the income stream is payable for a fixed number of years—that number; or
 (b) if the income stream is payable during the lifetime of a person and no longer—the number of years of the person's life expectancy; or
 (c) if the income stream:
 (i) is jointly owned by a person and his or her partner and is payable for the lifetime of the person or the partner; or
 (ii) is payable during the lifetime of a person and then for the lifetime of a reversionary beneficiary;
  the number of years in the longer of the relevant life expectancies; or