Document ID: chunk:federal_register_of_legislation:F2015L01008:body:0:p12
Version: federal_register_of_legislation:F2015L01008
Segment Type: other
Provision Reference: 
Character Range: 32207–34724

a percentage of member salary to two decimal places; report item 5 column 8 and column 9 as thousands of dollars per annum; report item 5 column 10 and column 11 as a whole number; report item 5 column 12 as text.

Item 5  Item 5 is only to be completed for a lifecycle stage of a lifecycle MySuper product; otherwise, leave item 5 blank.

        Report each distinct combination of factors that defines the allocation of members to the lifecycle stage as a separate line in item 5.[18]

        Where a minimum allowable age is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable age in the stage in column 1. Where there is no minimum age set for the lifecycle stage, leave column 1 blank.

        Where a maximum allowable age is a factor used to determine whether a member is allocated to the lifecycle stage, report the maximum allowable age in the stage in column 2. Where there is no maximum age set for the lifecycle stage, leave column 2 blank.

        Example: A lifecycle stage covers members from ages 45 to 54. Report 45 in column 1 and 54 in column 2.

        Example: A lifecycle stage covers members from age 65 to death. Report 65 in column 1 and leave column 2 blank.

        Example: A lifecycle stage covers members born in the 1960s. When reporting as at 30 June 2015, report 55 in column 1 and 64 in column 2. Note that although stages based on decades would include members born in January to June of 1960 who would be 65 as at 30 June 2015 and July to December of 1969 who would be 54 as at 30 June 2015, report 55 and 64 to avoid overlapping ages across decades.

        Where a lifecycle stage is only available for a particular gender, report 'female', 'male' or 'intersex or indeterminate' in column 3 as relevant. Where gender is not a determinant for membership in a lifecycle stage, report 'any' in column 3.

        Example: A lifecycle stage covers males aged 45-50 and females aged 48-55. These two cohorts must be reported as two separate lines in item 5: one line would report 45 in column 1, 50 in column 2 and 'male' in column 3; the other line would report 48 in column 1, 55 in column 2 and 'female' in column 3.

        Where account balance is a factor used to determine whether 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