Document ID: chunk:federal_register_of_legislation:C2004A01058:clause:3_1120a
Version: federal_register_of_legislation:C2004A01058
Segment Type: clause
Provision Reference: sch 3 cl 1120A
Character Range: 14079–14781

1120A  Value of asset‑tested FLA income streams

 (1) This section applies to family law affected income streams.

 (2) The value of an income stream that is not a defined benefit income stream is, for the purposes of the assets test, worked out in accordance with guidelines determined by the Secretary for the purposes of this subsection.

 (3) The value of an income stream that is a defined benefit income stream is, for the purposes of the assets test, worked out in accordance with guidelines determined by the Secretary for the purposes of this subsection.

 (4) A determination of guidelines is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.