Social Security (Family Law Affected Income Streams) Principles 2022
5Purpose
Start here
Get a plain-English read of 5
Turn the raw legal text into a practical explanation grounded in Social Security (Family Law Affected Income Streams) Principles 2022.
5 Purpose
This instrument sets out decision‑making principles with which the Secretary must comply in making decisions under the following provisions of the Act: (a) paragraph 1099DB(1)(a); (b) paragraph 1099DB(1)(b); (ba) paragraph 1099DB(1)(c); (c) paragraph 1099DC(1)(a); (d) paragraph 1099DC(1)(b); (e) subsection 1099DCA(1); (f) subsection 1120A(2); and (g) subsection 1120A(3). Note These provisions apply when working out a person’s annual rate of ordinary income, or asset value, of different types of family law affected income stream.