12Income stream that is a defined benefit income stream

12 Income stream that is a defined benefit income stream

(1) This section applies if the family law affected income stream is a defined benefit income stream.

(2) For paragraph 1099DD(d) of the Act, the Secretary must have regard to the following matters in making decisions under paragraph 1099DC(1)(b) of the Act:

(a) the matters mentioned in items 1 to 23 of Schedule 1;

(b) any other matter that the Secretary considers relevant in the circumstances.

(3) If payments are being made from the income stream under more than one payment split, the Secretary must have regard to each matter mentioned in subsection (2) that applies to each payment split.