Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) 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 section 46X or 46Y.
(2) Sections 46X and 46Y do not apply to an income stream if section 46YA applies to the income stream.