Document ID: chunk:federal_register_of_legislation:F2024C01248:front:0:p6
Version: federal_register_of_legislation:F2024C01248
Segment Type: other
Provision Reference: 
Character Range: 17409–20168

of contributions made in respect of the member
1.8 Method of working out amount of notional taxed contributions
Part 2—New entrant rate
2.1 Method of working out new entrant rate for a benefit category
2.2 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
2.3 New entrant rate to be rounded down
2.4 No allowance for administration expenses or income tax on assessable contributions
2.5 Certain discretions to be allowed for
2.6 Method of working out new entrant rate for a member
Part 3—Valuation parameters
3.1 Application of economic, decrement and other parameters
3.2 Discount rate
3.3 Fund earning rate and crediting rate
3.4 Rate of future salary or wages growth
3.5 Rate of increase in price indices
3.6 New entrant age
3.7 Exit rates
3.8 Pensions
3.9 Mortality of pensioners
3.10 Taxed and untaxed benefits
3.11 Other assumptions to be set by the actuary
Part 4—Exercise of discretion to pay a benefit greater than the benefit assumed in calculating the new entrant rate
4.1 Method of working out the increased exit benefit adjustment amount in the formula in clause 1.8
Part 5—Member has changed benefit category
5.1 Method of working out the category change or discretion adjustment amount in the formula in clause 1.8
Part 6—Governing rules have changed
6.1 Method of working out governing rules change adjustment amount in the formula in clause 1.8
Part 7—Non‑arm's length increase in superannuation salary
7.1 Method of working out the increased superannuation salary adjustment amount in the formula in clause 1.8
Schedule 1AA—Working out defined benefit contributions
Part 1—Preliminary
Division 1—Definitions
1 Meaning of accruing member
2 Meaning of benefit category
2A Meaning of defined benefit fund
2B Treatment of superannuation sub‑funds
3 Accruing member must not belong to more than one benefit category at the same time unless certified by an actuary
Division 2—Method
4 Method of determining amount of defined benefit contributions
Part 2—New entrant rate
5 Method of working out new entrant rate for a benefit category
6 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
7 New entrant rate to be rounded down
8 No allowance for administration expenses or income tax on assessable contributions
9 Certain discretions to be allowed for
Part 3—Valuation parameters
10 Application of economic, decrement and other parameters
11 Discount rate
12 Fund earning rate and crediting rate
13 Rate of future salary or wages growth
14 Rate of increase in price indices
15 New entrant age
16 Exit rates
17 Pensions
18 Mortality of pensioners
19 Other assumptions to be set by the actuary
Part 4—Exercise of discretion to pay a benefit greater than the benefit