Social Security (Family Law Affected Income Streams) Principles 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) assessment day;
(b) asset‑test exempt income stream;
(c) asset‑tested income stream (long term);
(d) asset‑tested income stream (lifetime);
(e) commencement day;
(f) deductible amount;
(g) defined benefit income stream;
(h) family law affected income stream;
(i) income;
(j) income stream;
(ja) military invalidity pension income stream;
(k) original family law affected income stream;
(l) primary FLA income stream;
(m) purchase amount;
(n) purchase price;
(o) relevant number;
(p) residual capital value;
(q) reversionary partner;
(r) secondary FLA income stream;
(s) superannuation fund;
(t) threshold day.
In this instrument:
Act means the Social Security Act 1991.
allocated pension has the meaning given by section 4 of the Family Law (Superannuation) Regulations 2025.
asset value has the meaning given by regulation 3A.05 of the SIS Regulations.
base amount allocated to the non‑member spouse has the meaning given by section 72 of the Family Law (Superannuation) Regulations 2025.
base amount payment split has the meaning given by subregulation 1.03(1) of the SIS Regulations.
flag lifting agreement means a flag lifting agreement under Part VIIIB or Part VIIIC of the Family Law Act 1975.
market linked pension has the meaning given by section 4 of the Family Law (Superannuation) Regulations 2025.
member spouse means a member spouse under Part VIIIB or Part VIIIC of the Family Law Act 1975.
non‑member spouse means a non‑member spouse under Part VIIIB or Part VIIIC of the Family Law Act 1975.
operative time means an operative time under Part VIIIB or Part VIIIC of the Family Law Act 1975.
payment split means a payment split under Part VIIIB or Part VIIIC of the Family Law Act 1975.
percentage payment split has the meaning given by subregulation 1.03(1) of the SIS Regulations.
reversionary beneficiary means a reversionary beneficiary under Part VIIIB or Part VIIIC of the Family Law Act 1975.