Document ID: chunk:federal_register_of_legislation:F2015L01008:body:0:p13
Version: federal_register_of_legislation:F2015L01008
Segment Type: other
Provision Reference: 
Character Range: 34495–37262

a member is allocated to the lifecycle stage, report the minimum allowable account balance in the stage in column 4 and the maximum allowable account balance in the stage in column 5. Where there is no minimum account balance set for the lifecycle stage, leave column 4 blank. Where there is no maximum account balance set for the lifecycle stage, leave column 5 blank.

        Example: A lifecycle stage covers members with account balances of more than $200,000. Report 200 in column 4 and leave column 5 blank.

        Where contribution rate is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable contribution rate within the stage in column 6 and the maximum allowable contribution rate in the stage in column 7. Where there is no minimum contribution rate set for the lifecycle stage, leave column 6 blank. Where there is no maximum contribution rate set for the lifecycle stage, leave column 7 blank.

        Example: A lifecycle stage covers members contributing no more than the statutory required employer contribution rates. For 2013 the statutory required employer contribution rate is 9.25 per cent. Leave column 6 blank and report 9.25 in column 7.

        Where current salary is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable current salary in the stage in column 8 and the maximum allowable current salary in the stage in column 9. Where there is no minimum current salary set for the lifecycle stage, leave column 8 blank. Where there is no maximum current salary set for the lifecycle stage, leave column 9 blank.

        Example: A lifecycle stage covers members with salaries between $70,000 and $90,000. Report 70 in column 8 and 90 in column 9.

        Where the RSE licensee's opinion about the time remaining before a member could be expected to retire is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable time remaining to retirement in the stage in column 10 and the maximum allowable time remaining to retirement in the stage in column 11. Where there is no minimum time remaining to retirement set for the lifecycle stage, leave column 10 blank. Where there is no maximum time remaining to retirement set for the lifecycle stage, leave column 11 blank.

        Example: A lifecycle stage covers members with 15 to 20 years remaining to retirement. Report 15 in column 10 and 20 in column 11.

        Where another factor allowable under SIS Regulations is used to determine membership in a lifecycle stage, report that factor in column 12.

Interpretation

For the purposes of these instructions:

     * Corporations Act means the Corporations