The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.G.30 Governing rules

Usage

This definition applies to all payments.

Definition

Governing rules, in relation to a fund, scheme or trust (1.1.T.180), means any trust instrument, other document or legislation, or combination of them, governing the establishment and operation of the income stream (1.1.I.70).

This term is used in relation to the assessment of an income stream for social security purposes.

Act reference: SSAct section 9(1) Financial assets and income streams definitions

Last reviewed: 9 February 2015

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