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. |