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This definition applies to all payments.
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 1120(3) The value of the income stream is…
Policy reference: SS Guide 4.9.2.10 Characteristics of pre-20/9/04 Asset-Test Exempt Income Streams, 4.9.2.15 Characteristics of Asset-Test Exempt Income Streams Purchased from 20/09/2004 & before 20/09/2007
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Last reviewed: 6 December 2010
