Income Tax Assessment (1997 Act) Amendment (Building a Stronger and Fairer Super System and Other Measures) Regulations 2026 (F2026L00726)
Schedule 4 Other amendments
Part 1 Valuation parameters
Division 1 Main amendments
Income Tax Assessment (1997 Act) Regulations 2021
4 Subclause 3.7(1) of Schedule 1A
Repeal the subclause, substitute:
(1) Subject to subsection (1A), the following table sets out the rates of voluntary exit from the fund that are to be assumed.
|
Voluntary exit rates |
||
|---|---|---|
|
Item |
Column 1
Age in years |
Column 2
Exit rate |
|
1 |
16 |
0.041 |
|
2 |
17 |
0.044 |
|
3 |
18 |
0.046 |
|
4 |
19 |
0.047 |
|
5 |
20 |
0.048 |
|
6 |
21 |
0.048 |
|
7 |
22 |
0.048 |
|
8 |
23 |
0.048 |
|
9 |
24 |
0.047 |
|
10 |
25 |
0.046 |
|
11 |
26 |
0.045 |
|
12 |
27 |
0.044 |
|
13 |
28 |
0.043 |
|
14 |
29 |
0.041 |
|
15 |
30 |
0.040 |
|
16 |
31 |
0.039 |
|
17 |
32 |
0.038 |
|
18 |
33 |
0.037 |
|
19 |
34 |
0.036 |
|
20 |
35 |
0.035 |
|
21 |
36 |
0.034 |
|
22 |
37 |
0.033 |
|
23 |
38 |
0.032 |
|
24 |
39 |
0.031 |
|
25 |
40 |
0.030 |
|
26 |
41 |
0.029 |
|
27 |
42 |
0.028 |
|
28 |
43 |
0.027 |
|
29 |
44 |
0.026 |
|
30 |
45 |
0.025 |
|
31 |
46 |
0.025 |
|
32 |
47 |
0.025 |
|
33 |
48 |
0.025 |
|
34 |
49 |
0.025 |
|
35 |
50 |
0.025 |
|
36 |
51 |
0.025 |
|
37 |
52 |
0.025 |
|
38 |
53 |
0.025 |
|
39 |
54 |
0.025 |
|
40 |
55 |
0.100 |
|
41 |
56 |
0.075 |
|
42 |
57 |
0.075 |
|
43 |
58 |
0.075 |
|
44 |
59 |
0.075 |
|
45 |
60 |
0.150 |
|
46 |
61 |
0.150 |
|
47 |
62 |
0.150 |
|
48 |
63 |
0.150 |
|
49 |
64 |
0.150 |
|
50 |
65 |
1.000 |
(1A) The following table sets out the rates of voluntary exit from the fund that are to be assumed if, under the rules of the fund, the normal retirement age of the fund is 62 years and 0 days or less.
|
Voluntary exit rates |
||
|---|---|---|
|
Item |
Column 1
Years until normal retirement age |
Column 2
Exit rate |
|
1 |
44 |
0.041 |
|
2 |
43 |
0.044 |
|
3 |
42 |
0.046 |
|
4 |
41 |
0.047 |
|
5 |
40 |
0.048 |
|
6 |
39 |
0.048 |
|
7 |
38 |
0.048 |
|
8 |
37 |
0.048 |
|
9 |
36 |
0.047 |
|
10 |
35 |
0.046 |
|
11 |
34 |
0.045 |
|
12 |
33 |
0.044 |
|
13 |
32 |
0.043 |
|
14 |
31 |
0.041 |
|
15 |
30 |
0.040 |
|
16 |
29 |
0.039 |
|
17 |
28 |
0.038 |
|
18 |
27 |
0.037 |
|
19 |
26 |
0.036 |
|
20 |
25 |
0.035 |
|
21 |
24 |
0.034 |
|
22 |
23 |
0.033 |
|
23 |
22 |
0.032 |
|
24 |
21 |
0.031 |
|
25 |
20 |
0.030 |
|
26 |
19 |
0.029 |
|
27 |
18 |
0.028 |
|
28 |
17 |
0.027 |
|
29 |
16 |
0.026 |
|
30 |
15 |
0.025 |
|
31 |
14 |
0.025 |
|
32 |
13 |
0.025 |
|
33 |
12 |
0.025 |
|
34 |
11 |
0.025 |
|
35 |
10 |
0.025 |
|
36 |
9 |
0.025 |
|
37 |
8 |
0.025 |
|
38 |
7 |
0.025 |
|
39 |
6 |
0.025 |
|
40 |
5 |
0.150 |
|
41 |
4 |
0.150 |
|
42 |
3 |
0.150 |
|
43 |
2 |
0.150 |
|
44 |
1 |
0.150 |
|
45 |
0 |
1.000 |