Document ID: chunk:federal_register_of_legislation:F2024C01248:clause:1b_1
Version: federal_register_of_legislation:F2024C01248
Segment Type: clause
Provision Reference: sch 1B cl 1
Character Range: 274545–275842

1  Income stream valuation factors
 (1) For the purposes of paragraph 307‑205.01A(3)(b), the applicable factor for the superannuation income stream is the factor given in the table in subclause (3) (table 1) at the age which is the greater of:
 (a) the minimum age at which a retirement benefit can be taken without requiring the consent of the employer; and
 (b) the member's actual age as at the member's last birthday before 1 July 2007.
 (2) For the purposes of subparagraph 307‑205.02(3)(a)(ii), the applicable factor for the superannuation income stream is:
 (a) if the superannuation income stream is payable for the life of the member—the factor given in the table in subclause (3) (table 1) for the age of the member at the member's last birthday before the day after the date on which the superannuation income stream is to be valued; or
 (b) if the superannuation income stream is payable for a fixed term—the factor given in the table in subclause (4) (table 2) for the number of complete years remaining in the term of the superannuation income stream on the day preceding the date on which the superannuation income stream is to be valued.
 (3) The following is table 1.

Table 1
Item     Age  Factor for indexed lifetime income stream  Factor for non‑indexed lifetime income stream