Document ID: chunk:federal_register_of_legislation:F2024C01248:clause:1a_6
Version: federal_register_of_legislation:F2024C01248
Segment Type: clause
Provision Reference: sch 1A cl 6
Character Range: 244039–245136

6                50+                                                                                                      50

 (3) If:
 (a) there has been a transfer of defined benefit members from a predecessor fund into the fund, or a superannuation sub‑fund of the fund; and
 (b) the actuary considers it reasonable to do so;
the actuary may determine a new entrant age for the fund or superannuation sub‑fund taking account of the average age of entry used for or relevant for those members in the predecessor fund.
 (4) For the purposes of this clause, a defined benefit member does not include a person who:
 (a) is receiving only a pension benefit from the fund; or
 (b) has deferred the person's benefit entitlement in the fund.
 (5) If the actuary believes that there is insufficient information available to calculate the average age of entry, the actuary is to assume that the age of a new entrant is 40.

3.7  Exit rates
 (1) The following table sets out the rates of voluntary exit from the fund that are to be assumed.

Voluntary exit rates
Item                  Age band  Exit rate