Document ID: chunk:federal_register_of_legislation:C2006C00468:clause:8_7
Version: federal_register_of_legislation:C2006C00468
Segment Type: clause
Provision Reference: sch 8 cl 7
Character Range: 49423–50482

7  After subsection 9BA(4)
Insert:

 (4A) For the purposes of paragraph (4)(c), the period is the greater of:
 (a) the greater of what would be the life expectancies (rounded up, if not consisting of a whole number of years, to the next whole number), on the commencement day, of:
 (i) the primary beneficiary, if the primary beneficiary were 5 years younger; and
 (ii) the primary beneficiary's reversionary partner on that day, if the partner were 5 years younger; and
 (b) the greater of:
 (i) the period (rounded up, if not consisting of a whole number of years, to the next whole number) starting on the commencement day and ending on the day on which the primary beneficiary reaches age 100 (assuming that the primary beneficiary lives until then); and
 (ii) the period (rounded up, if not consisting of a whole number of years, to the next whole number) starting on the commencement day and ending on the day on which the primary beneficiary's reversionary partner on the commencement day reaches age 100 (assuming that the partner lives until then).