Document ID: chunk:federal_register_of_legislation:F2019L00845:reg:5:p2
Version: federal_register_of_legislation:F2019L00845
Segment Type: reg
Provision Reference: reg 5 (pt 2/2)
Character Range: 5008–5707

be a kind of income stream for the purposes of paragraph 5JE(2)(b) of the Act if, under the contract or governing rules for the provision of the income stream, the income stream includes:
           (a)     a part that makes regular payments to an individual for a specified term; and
           (b)     a part (the lifetime component) that makes regular payments to an individual and has the following elements:
             (i)       once they start, the payments are payable for the remainder of the life of one or more individuals;
             (ii)     the value of the payments is determined by having regard to the age, life expectancy or other factors relevant to the individual's mortality.