Policy

This topic provides information on the following items that relate to [glossary:partnerships:513] only:

Calculating the asset value

This table shows how to calculate the asset value of Allocated (Account-based) and Market Linked Income Streams where the superannuation agreement or court order specifies that payments from the original Family Law Affected Income Stream, owned by the member, are to be split with the former partner (non-member) on a percentage basis.

Determining a designated private trust

A trust is a designated private trust unless:

• all three of the following sub-conditions are satisfied:

• the trust is a fixed trust,    
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  10.3.8/Discretionary Trust, Rural Succession Trust, and Fixed Unit Trust

Assessment of assets

The following table describes how the assets from a non-discretionary trust are assessed.

Last amended: 27 June 2012

Assessing assets relating to deceased estates

Last amended: 9 December 2008

Netherlands restitution payments are paid under the 'State Assistance Scheme for the 1940-1945 Victims of Persecution' (WUV). The assistance scheme differs from the German and Austrian restitution payments and is payable to the victim, the widow/widower and or next of kin of the victim. The scheme also makes payments in respect of persecution by the Japanese. Recipients must have been born before the end of the Second World War.     

Gifting of trust units where only trust asset is pensioner's principal home

If a veteran who would like to:

Assessment of income

Beneficiaries of [glossary:non-discretionary trusts:512] may have an interest in the trust's income depending on the nature and terms of the trust deed. The share of the trust's income that is allocated or distributed by the [glossary:trustee:496](s) to a beneficiary is assessable income. Allocations and distributions are assessed as income for 12 months.    

What is an income stream?

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