Income Tax Assessment Amendment Regulations 2007 (No. 9) (330 of 2007)

Schedule 1   Amendments

[7]   Schedule 1A, after subsection 3.6 (2)

insert

(2A) If:

(a) on 1 July 2007, the defined benefit members of the fund include persons who have been, before becoming members of the fund, members of a predecessor fund; and

(b) the actuary considers that it is reasonable to do so;

the actuary may use the age of entry of those members into the predecessor fund in determining the average age of entry.

(2B) For this section:

defined benefit member does not include a person who:

(a) is receiving only a pension benefit from the fund; or

(b) has deferred his or her benefit entitlement in the fund.