Federal Register of Legislation - Australian Government

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Determinations/Superannuation as made
This instrument prescribes the age factors to be used to calculate the pension payable under the Governor-General Act 1974 where a member of the Governors-General Pension Scheme elects to offset their Division 293 tax liability from their pension.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 31 May 2019
Tabling HistoryDate
Tabled HR02-Jul-2019
Tabled Senate02-Jul-2019

I, ROSEMARY THERESE HUXTABLE, Secretary of the Department of Finance, make this Determination under subsection 4BA(10) of the Governor-General Act 1974.

Dated 20 May 2019

 

ROSEMARY THERESE HUXTABLE

Secretary of the Department of Finance


1              Name of Determination

                This Determination is the Governor-General Superannuation Age Factors (Division 293 Tax Law) Determination 2019 (No. 1).

2              Commencement

                This Determination commences on the day after it is registered on the Federal Register of Legislation.

3              Age factors

                For the purposes of section 4BA of the Governor-General Act 1974, the age factor for a person is specified in the Table in the Schedule to this Determination, based on:

(a)     whether the person is male or female;

(b)     the age of the person at their last birthday prior to the start of their pension.

 

Schedule         Age factors

(section 3)

 

 


Age at last birthday prior to start of pension

Male Age Factor

Female Age Factor

30

32.028

31.700

31

31.811

31.471

32

31.588

31.236

33

31.360

30.995

34

31.125

30.748

35

30.885

30.495

36

30.693

30.325

37

30.495

30.148

38

30.290

29.965

39

30.078

29.774

40

29.860

29.577

41

29.576

29.281

42

29.285

28.977

43

28.985

28.666

44

28.677

28.346

45

28.361

28.018

46

28.037

27.681

47

27.704

27.335

48

27.362

26.981

49

27.011

26.618

50

26.651

26.246

51

26.282

25.864

52

25.904

25.472

53

25.517

25.071

54

25.120

24.661

55

24.713

24.241

56

24.296

23.811

57

23.868

23.371

58

23.431

22.921

59

22.983

22.460

60

22.525

21.988

 



 

Age at last birthday prior to start of pension

Male Age Factor

Female Age Factor

61

22.056

21.503

62

21.576

21.007

63

21.086

20.499

64

20.584

19.981

65

20.072

19.452

66

19.550

18.913

67

19.019

18.363

68

18.478

17.803

69

17.928

17.234

70

17.370

16.655

71

16.850

16.076

72

16.321

15.488

73

15.784

14.892

74

15.239

14.289

75

14.687

13.685

76

14.096

13.093

77

13.502

12.497

78

12.905

11.902

79

12.306

11.309

80

11.708

10.722

81

11.110

10.143

82

10.515

9.574

83

9.925

9.018

84

9.342

8.480

85

8.773

7.958

86

8.219

7.456

87

7.682

6.973

88

7.161

6.520

89

6.659

6.098

90

6.177

5.705

 

 

 


 

Note

1.       Note: All legislative instruments and compilations are registered on the Federal Register of Legislation kept under the Legislation Act 2003. See www.legislation.gov.au