Section 1120A — Social Security Act 1991: Value of asset-tested FLA income streams

(1) This section applies to family law affected income streams. (2) The value of an income stream that is not a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary. (3) The value of an income stream that is a defined benefit income stream is, for the purposes of the assets test, determined by the Secretary. (4) In making a determination under subsection (2) or (3), the Secretary must comply with any relevant decision-making principles in force under subsection (5). (5) The Secretary may, by legislative instrument, formulate principles (decision-making principles) to be complied with by him or her in making decisions under: (a) subsection (2); or (b) subsection (3).