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Commutation of asset-test exempt (ATE) income streams 108-05060120



Policy

Social Security Guide 1.1.I.70 Income stream

Social Security Guide 4.9.2 Asset-Test Exempt (ATE) Income Streams

Social Security Guide 4.9.2.17 Retention of asset test exemption for ATE income streams purchased from 20/09/2004, or from 20/09/2007

Social Security Guide 4.9.2.40 Commuting an asset-test exempt income stream

Social Security Guide 1.1.L.50 Liquid assets

Legislation

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Social Security Act 1991

  • section 9, Financial assets and income streams definitions
  • section 9A, Meaning of asset-test exempt income stream - lifetime income streams
  • section 9A(2)(h), Circumstances when commutation is allowed - lifetime income streams
  • section 9B, Meaning of asset-test exempt income stream - life expectancy income streams
  • section 9B(2)(h), Circumstances when commutation is allowed - life expectancy income streams
  • section 9BA, Meaning of asset-test exempt income stream - market-linked income streams
  • section 9BB, Meaning of asset-test exempt income stream - military invalidity pension income stream
  • section 1223A, Debt resulting from commutation of asset-test exempt income stream contrary to subsection 9A(2), 9B(2) or 9BA(2)
  • section 1099DAA, Income from certain low-payment asset-tested income streams