1Social Security (Income Stream) Determination 2017

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Social Security (Income Stream) Determination 2017

Social Security Act 1991

I, CHRISTIAN PORTER, Minister for Social Services, make this Determination under paragraph 9 (1F) (ba) and subsection 1099DAA (3) of the Social Security Act 1991.

Dated 9 September 2017

CHRISTIAN PORTER

Minister for Social Services

1 Name of Determination

This Determination is the Social Security (Income Stream) Determination 2017.

2 Commencement

This Determination commences on 1 October 2017.

3 Definitions

In this Determination:

Act means the Social Security Act 1991.

SIS Regulations means the Superannuation Industry (Supervision) Regulations 1994.

4 Income stream standards

For paragraph 9 (1F) (ba) of the Act, the standards are the standards mentioned in paragraphs 1.06 (2) (a) to (d) and (f) to (h) of the SIS Regulations.

5 Minimum amount

For subsection 1099DAA (3) of the Act, the minimum amount is the amount calculated in accordance with the method mentioned in Schedule 7 to the SIS Regulations.