Veterans’ Entitlements (Kind, Extent and Purchase Amount for Asset-tested Income Streams (Lifetime)) Determination 2019
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4 Definitions
Note: Three expressions that are used in this instrument are defined in the Act, including the following:
(a) asset‑tested income stream (lifetime) (see subsection 5J(1) of the Act);
(b) governing rules (see subsection 5J(1) of the Act);
(c) income stream (see subsection 5J(1) of the Act).
In this instrument:
account‑based annuity has the same meaning as in the Superannuation Industry (Supervision) Regulations 1994.
account‑based pension has the same meaning as in the Superannuation Industry (Supervision) Regulations 1994.
Act means the Veterans’ Entitlements Act 1986.
allocated annuity means an annuity provided under a contract that meets the standards in subregulation 1.05(4) of the Superannuation Industry (Supervision) Regulations 1994.
allocated pension means a pension provided under governing rules that meet the standards in subregulation 1.06(4) of the Superannuation Industry (Supervision) Regulations 1994.
lifetime component has the meanings given by section 5.