Veterans’ Entitlements (Guidelines for Determining Whether Income Stream is Asset-test Exempt) Determination 2022
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4 Definitions
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) asset-test exempt income stream;
(b) defined benefit income stream;
(c) hardship amount.
In this instrument:
2005 Principles means the Veterans’ Entitlements (Partially Asset‑test Exempt Income Stream — Exemption) Principles 2005 as made.
2007 Determination means the Veterans’ Entitlements (Guidelines for Determining whether Income Stream is Asset-test Exempt) Determination 2007 (No. 1).
2011 Determination means the Veterans’ Entitlements (Guidelines for determining whether income stream is asset-test exempt) Determination 2011.
Act means the Veterans’ Entitlements Act 1986.
benefit fund has the meaning given by subsection 16B(1) of the Life Insurance Act 1995.
Commission has the same meaning as in section 5A of the Act.
defined benefit pension has the meaning given by regulation 9.04E of the Superannuation Industry (Supervision) Regulations 1994.
dependant means a dependant mentioned in subregulation 6.21(2A) of the Superannuation Industry (Supervision) Regulations 1994.
immediate annuity means an annuity that is presently payable.
life company has the meaning given in the Dictionary to the Life Insurance Act 1995.
payment split:
(a) under Part VIIIB of the Family Law Act 1975—has the meaning given by section 90XD of that Act; and
(b) under Part VIIIC of the Family Law Act 1975—has the meaning given by section 90YD of that Act.
regulated superannuation fund has the meaning given by subsection 10(1) of the Superannuation Industry (Supervision) Act 1993.
self managed superannuation fund has the meaning given by sections 17A and 17B of the Superannuation Industry (Supervision) Act 1993.
statutory fund has the meaning given by section 29 of the Life Insurance Act 1995.
sub-fund means a sub-fund within a regulated superannuation fund that is taken to be a regulated superannuation fund for the purposes of section 65JA of the Superannuation Industry (Supervision) Act 1993.