Income Tax Assessment Regulations 1997 (Repealed)
SCHEDULE 1AA
A benefit category is a category of membership of a defined benefit fund as certified by an actuary.
2(2)
An actuary must not certify a category of membership to be a benefit category unless the actuary is satisfied that:
(a) each hypothetical new entrant to the benefit category with the same entry age would accrue retirement benefits on substantially the same basis; or
(b) if any 2 hypothetical new entrants to the benefit category accrued retirement benefits on a different basis, the new entrant rates for each member calculated under Parts 2 and 3 would be equal.
Note: See subregulation 293-115.20(2) .
WORKING OUT DEFINED BENEFIT CONTRIBUTIONS
PART 1 - PRELIMINARY 2 Meaning of benefit category 2(1)A benefit category is a category of membership of a defined benefit fund as certified by an actuary.
2(2)
An actuary must not certify a category of membership to be a benefit category unless the actuary is satisfied that:
(a) each hypothetical new entrant to the benefit category with the same entry age would accrue retirement benefits on substantially the same basis; or
(b) if any 2 hypothetical new entrants to the benefit category accrued retirement benefits on a different basis, the new entrant rates for each member calculated under Parts 2 and 3 would be equal.
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