Commonwealth Consolidated Acts

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VETERANS' ENTITLEMENTS ACT 1986 - SECT 46Y

Income--asset - tested income stream (long term) that is a defined benefit income stream

    If the asset - tested income stream (long term) to which this Subdivision applies is a defined benefit income stream, the amount that the person is taken to receive from the income stream each year is worked out as follows:

Start formula Annual payment minus Deductible amount end formula

where:

"annual payment" means the amount payable to the person for the year under the income stream.

"deductible amount" has the meaning given by subsection   5J(1).



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