INCOME TAX ASSESSMENT REGULATIONS 1997

SCHEDULE 1A  

(subregulations 292-170.02(2) , 292-170.05(2) and (3) and 292-170.06(2) and (3))


METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS

PART 3 - VALUATION PARAMETERS  

3.7   Exit rates  

3.7(1)  
The table sets out the rates of voluntary exit from the fund that are to be assumed.


Age Band Exit rate
< 40 0.05
40-44 0.04
45-49 0.04
50-54 0.04
55-59 0.08
60 0.12
61-64 0.10
65 1.00

3.7(2)  
The rate of involuntary exit (including by redundancy, death or invalidity) to be assumed is zero.




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