Commonwealth Consolidated Regulations

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INCOME TAX ASSESSMENT (1936 ACT) REGULATION 2015 - REG 7

Annuities and superannuation pensions--Life Tables

    For the definition of life expectation factor in subsection   27H(4) of the Act, the following table has effect.

 

Life Tables

Item

Column 1

For an annuity ...

Column 2

these Life Tables are prescribed ...

1

first commencing to be payable before 1   September 1988

the Australian Life Tables 1975-1977.

2

first commencing to be payable:

(a) on or after 1   September 1988; and

(b) before 1   May 1993

the Australian Life Tables 1980-1982.

3

first commencing to be payable:

(a) on or after 1   May 1993; and

(b) before 1   July 1993

the Australian Life Tables 1985-1987.

4

first commencing to be payable on or after 1   July 1993

the Australian Life Tables that are most recently published before the year in which the annuity first commences to be payable.

 



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