14Income stream that is not a defined benefit income stream

14 Income stream that is not a defined benefit income stream

(1) This section applies if the family law affected income stream is not a defined benefit income stream.

(2) For paragraph 1120A(5)(a) of the Act, the Secretary must have regard to the following matters in making decisions under subsection 1120A(2) 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.