Document ID: chunk:federal_register_of_legislation:C2004A01058:clause:3_1099dc
Version: federal_register_of_legislation:C2004A01058
Segment Type: clause
Provision Reference: sch 3 cl 1099DC
Character Range: 13103–13709

1099DC  Income from asset‑tested income stream (long term)

  For the purpose of working out the annual rate of ordinary income of a person from an asset‑tested income stream (long term) to which this Subdivision applies, the person is taken to receive from that income stream each year the amount worked out under:
 (a) if the income stream is not a defined benefit income stream—the guidelines determined by the Secretary for the purposes of this paragraph; or
 (b) if the income stream is a defined benefit income stream—the guidelines determined by the Secretary for the purposes of this paragraph.