External
Policy
Last amended: 10 March 2011
What is a Family Law Affected income stream?
Any income stream, whether asset test exempt or asset tested, may become a [glossary:Family Law Affected (FLA):] income stream. An income stream becomes an FLA income stream when the primary beneficiary's former partner becomes entitled to be paid some or all of the income stream under:
- a payment split under Part VIIIB of the Family Law Act 1975; or
- an order under Part VIIIAA of the Family Law Act 1975.
Deprivation rules not to apply to splits under the Family Law Act 1975
The deprivation rules do not apply to the disposal of the whole or a part of a superannuation interest pursuant to an order under Part VIIB or VIIIAA of the Family Law Act 1975.
Assessment of family law affected income streams
Assessment of an FLA income stream depends on the type of income stream involved.