INCOME TAX ASSESSMENT REGULATIONS 1997

SCHEDULE 1B  

(regulations 307-205.01 and 307-205.02 )


VALUATION FACTORS

SECTION 1   1   INCOME STREAM VALUATION FACTORS  


1(1)  
For subregulation 307-205.01(2) , the applicable factor is the factor given in Table 1 at the age which is the greater of:


(a) the minimum age at which a retirement benefit can be taken without requiring the consent of the employer; and


(b) the member ' s actual age as at his or her last birthday before 1 July 2007.

1(2)  
For subregulation 307-205.02(2) , if the superannuation income stream in respect of the interest is payable for the life of the member, the applicable factor is the factor given in Table 1 for the age of the member at his or her last birthday before the day after the date on which the superannuation income stream is to be valued.

1(3)  


For subregulation 307-205.02(2) , if the superannuation income stream in respect of the interest is payable for a fixed term, the applicable factor is the factor given in Table 2 for the number of complete years remaining in the term of the superannuation income stream on the day preceding the date on which the superannuation income stream is to be valued.


Table 1
Table 1
Age Factor for indexed lifetime income stream Factor for non-indexed lifetime income stream
18 23.238 15.405
19 23.158 15.385
20 23.084 15.366
21 23.016 15.349
22 22.956 15.334
23 22.906 15.322
24 22.862 15.312
25 22.816 15.302
26 22.763 15.289
27 22.694 15.271
28 22.612 15.248
29 22.523 15.223
30 22.422 15.194
31 22.310 15.160
32 22.193 15.124
33 22.076 15.086
34 21.950 15.045
35 21.821 15.002
36 21.691 14.958
37 21.553 14.911
38 21.410 14.861
39 21.266 14.809
40 21.113 14.754
41 20.956 14.695
42 20.790 14.632
43 20.609 14.562
44 20.421 14.487
45 20.229 14.409
46 20.030 14.326
47 19.823 14.239
48 19.610 14.148
49 19.391 14.052
50 19.164 13.950
51 18.931 13.844
52 18.691 13.732
53 18.443 13.615
54 18.189 13.492
55 17.927 13.364
56 17.659 13.230
57 17.383 13.089
58 17.100 12.943
59 16.810 12.790
60 16.513 12.631
61 16.209 12.465
62 15.891 12.287
63 15.558 12.099
64 15.213 11.900
65 14.861 11.693
66 14.506 11.480
67 14.144 11.260
68 13.775 11.032
69 13.396 10.794
70 13.011 10.548
71 12.627 10.297
72 12.230 10.035
73 11.815 9.756
74 11.398 9.471
75 10.983 9.183
76 10.566 8.889
77 10.144 8.587
78 9.723 8.282
79 9.314 7.980
80 8.898 7.669
81 8.486 7.357
82 8.087 7.051
83 7.697 6.748
84 7.323 6.455
85 6.966 6.172
86 6.627 5.901
87 6.311 5.647
88 6.010 5.402
89 5.728 5.171
90 5.465 4.954
91 5.218 4.750
92 4.991 4.561
93 4.773 4.379
94 4.566 4.205
95 4.360 4.031


Table 2
Table 2
Number of years Factor for indexed fixed-term income stream Factor for non-indexed fixed-term income stream
0 0.000 0.000
1 0.981 0.969
2 1.925 1.879
3 2.834 2.734
4 3.709 3.536
5 4.550 4.289
6 5.360 4.996
7 6.140 5.661
8 6.891 6.284
9 7.613 6.870
10 8.308 7.420
11 8.977 7.936
12 9.621 8.421
13 10.241 8.876
14 10.837 9.303
15 11.411 9.705
16 11.963 10.081
17 12.495 10.435
18 13.007 10.768
19 13.499 11.079
20 13.973 11.372
21 14.430 11.647
22 14.869 11.906
23 15.291 12.148
24 15.698 12.376
25 16.090 12.590
26 16.466 12.790
27 16.829 12.979
28 17.178 13.156
29 17.514 13.322
30 17.837 13.478




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