Income Tax Assessment (1936 Act) Regulation 2015
For the definition of life expectation factor in subsection 27H(4) of the Act, the following table has effect.
Life Tables | ||
Item | Column 1 | Column 2 |
For an annuity … | 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: | the Australian Life Tables 1980 - 1982. |
(a) | on or after 1 September 1988; and | |
(b) | before 1 May 1993 | |
3 | first commencing to be payable: | the Australian Life Tables 1985 - 1987. |
(a) | on or after 1 May 1993; and | |
(b) | before 1 July 1993 | |
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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