Document ID: chunk:federal_register_of_legislation:F2020C00671:body:0:p1
Version: federal_register_of_legislation:F2020C00671
Segment Type: other
Provision Reference: 
Character Range: 0–3519

Repatriation Commission

Veterans' Entitlements (Value of Asset‑tested Income Streams (Lifetime)) Determination 2019

Instrument 2019 No. R31

made under subsection 52BAB(4) of the Veterans' Entitlements Act 1986

Compilation No. 1

Compilation date:    1 January 2020

Includes amendments up to: F2020L00180

About this compilation

This compilation

This is a compilation of the Veterans' Entitlements (Value of Asset‑tested Income Streams (Lifetime)) Determination 2019 that shows the text of the law as amended and in force on 1 January 2020 (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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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
             1 Name of Determination........................................1
             3 Authority.................................................1
             4 Definitions................................................1
             5 Surrender value method........................................2
             6 Death benefit method…………………………………………,,,,,,,..................................................…………….…….3

     Endnotes 5
          Endnote 1—About the endnotes 5
          Endnote 2—Abbreviation key 6
          Endnote 3—Legislation history 7
          Endnote 4—Amendment history 8

       1  Name

         This instrument is the Veterans' Entitlements (Value of Asset‑tested Income Streams (Lifetime)) Determination 2019.

       3  Authority

         This instrument is made under subsection 52BAB(4) of the Veterans' Entitlements Act 1986.

       4  Definitions

            Note: A number of expressions used in this instrument are defined in the Act, including the following:
               (a) asset‑tested income stream (lifetime) (see section 5J(1) of the Act);
               (b) assessment day (see subsections 52BAB(6) and (7) of the Act);
               (c) governing rules (see subsection 5J(1) of the Act).

         In this instrument:

       access amount, for a particular day (the access day) for an asset‑tested income stream