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 social security payments. 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.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'

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