Social Security (Income Stream) Determination 2017 (Cth)

Case

Social Security (Income Stream) Determination 2017

Social Security Act 1991

I, CHRISTIAN PORTER, Minister for Social Services, make this Determination under paragraph 9 (1F) (ba) and subsection 1099DAA (3) of the Social Security Act 1991.

Dated  9 September 2017

CHRISTIAN PORTER

Minister for Social Services

  1. Name of Determination

This Determination is the Social Security (Income Stream) Determination 2017.

  1. Commencement

This Determination commences on 1 October 2017.

  1. Definitions

In this Determination:

Act means the Social Security Act 1991.

SIS Regulations means the Superannuation Industry (Supervision) Regulations 1994.

  1. Income stream standards

For paragraph 9 (1F) (ba) of the Act, the standards are the standards mentioned in paragraphs 1.06 (2) (a) to (d) and (f) to (h) of the SIS Regulations.

  1. Minimum amount

For subsection 1099DAA (3) of the Act, the minimum amount is the amount calculated in accordance with the method mentioned in Schedule 7 to the SIS Regulations.

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