1.1.A.155 Annual payment

Usage

This definition applies to all payments.

Definition

Annual payment is the gross amount payable to an income support recipient from an income stream (1.1.I.70) for the year.

Act reference: SSAct section 1099 Income-income stream not a defined benefit income stream, section 1099A Income-income stream is a defined benefit income stream, section 1099AA Income from market linked asset test exempt income stream, section 1099C Income-income stream not a defined benefit income stream, section 1099D Income-income stream is a defined benefit income stream

Policy reference: SS Guide 4.9.2.30 Income Test Assessment of Asset-Test Exempt Income Streams, 4.9.3.10 General provisions for asset-tested income streams

Last reviewed: 1 July 2019