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This definition applies to all payments.
'Purchase price' of an income stream is the sum of the payments made to purchase the income stream less any commutations.
Act reference: SSAct section 9(1)-'purchase price'
Policy reference: SS Guide 4.9.2.10 Characteristics of pre-20/9/04 Asset-Test Exempt Income Streams
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Last reviewed: 7 December 2009
