Commonwealth Consolidated Acts

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VETERANS' ENTITLEMENTS ACT 1986 - SECT 46YB

Income--asset - tested income stream (lifetime)

    If the income stream is an asset - tested income stream (lifetime), the amount that the person is taken to receive from the income stream each year is worked out as follows:

Start formula Annual payment times 0.6 end formula

where:

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



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