Document ID: chunk:federal_register_of_legislation:C2024C00866:section:45uy:p2
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 45UY (pt 2/13)
Character Range: 621753–624775

in force on 11 December 2024 (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 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 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 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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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
Part IIIB—Provisions applying to service pension, income support supplement and veteran payment
Division 1—Ordinary income concept
46 General meaning of ordinary income
46A Certain amounts taken to be received over 12 months
Division 1A—Work bonus
46AA Income concession
46AB Meaning of employment income
46ABA Meaning of gainful work
46AC Unused concession balance
46AD No double income reductions under sections 46AA and 115G
Division 2—Business income
46B Ordinary income from a business—treatment of trading stock
46C Permissible reductions of business income
Division 3—Income from financial assets (including income streams (short term) and certain income streams (long term))
46D Deemed income from financial assets—persons other than members of couples
46E Deemed income from financial assets—members of a couple
46H Deeming threshold
46J Below threshold rate, above threshold rate
46K Actual return on financial assets not treated as ordinary income
46L Certain money and financial investments not taken into account
46M Valuation and revaluation of certain financial investments
Division 4—Income from income streams not covered by Division 3
Subdivision B—Income streams that are not family law affected income streams
46SA Scope of Subdivision
46T Income from asset‑test exempt income stream
46U Income—income stream not a defined benefit income stream or a military invalidity pension income stream
46V Income—income stream is a defined benefit income stream
46VAA Income—income