1.1.N.135 Notional purchase price

Definition

NPP refers to the purchase price of a FLA income stream (1.1.F.50) at the particular point in time when the income stream is being assessed under the means test. The term NPP is used to differentiate the purchase price of the FLA income stream at commencement day (1.1.C.205) from its purchase price at later points in time.

Act reference: SSAct section 9(1)-'purchase price'

Last reviewed: 1 July 2016