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Asset tested income stream (long term)
An income stream is an asset tested long term income stream if it is:
- not an asset-test exempt income stream;
- and has either;
- a term greater than 5 years; or
- a term of 5 years or less, that is equal to or greater than the person's life expectancy.
An income stream is an asset-test exempt income stream if it is purchased before 20 September 2007 and satisfies the characteristics of the following sections in the Veterans' Entitlements Act 1986:
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