Parliamentary Superannuation Age Factors (Division 293 Tax Law) Determination 2015 (No. 1)1
Parliamentary Contributory Superannuation Act 1948
I, SARAH JANE HALTON, Secretary of the Department of Finance, make this Determination under subsection 22SE(4) of the Parliamentary Contributory Superannuation Act 1948.
Dated 1 April 2015
SARAH JANE HALTON
Secretary of the Department of Finance
1 Name of Determination
This Determination is the Parliamentary Superannuation Age Factors (Division 293 Tax Law) Determination 2015 (No. 1).
2 Commencement
This Determination commences on the day after it is registered on the Federal Register of Legislative Instruments.
3 Age factors
For the purposes of section 22SE of Parliamentary Contributory Superannuation Act 1948, the age factor for a person is determined under Tables A, B, C and D of the Schedule to this Determination, based on:
(a) whether the person is male or female;
(b) whether the benefit is a retirement pension or an invalidity pension; and
(c) the age of the person when the benefit becomes payable.
Schedule Age factors
(section 3)
Table A: Male Retirement Pension Age Factors
Table B: Female Retirement Pension Age Factors
Table C: Male Invalid Pension Age Factors
Table D: Female Invalid Pension Age Factors
Table A: Male Retirement Pension Age Factors
Age at last birthday prior to start of pension
Age Factor
20
33.7
21
33.5
22
33.3
23
33.2
24
33.0
25
32.8
26
32.6
27
32.4
28
32.2
29
32.0
30
31.8
31
31.5
32
31.3
33
31.1
34
30.8
35
30.6
36
30.3
37
30.1
38
29.8
39
29.5
40
29.3
41
29.0
42
28.7
43
28.4
44
28.1
45
27.7
46
27.4
47
27.1
48
26.7
49
26.4
50
26.0
Age at last birthday prior to start of pension
Age Factor
51
25.6
52
25.2
53
24.9
54
24.5
55
24.0
56
23.6
57
23.2
58
22.8
59
22.3
60
21.8
61
21.4
62
20.9
63
20.4
64
19.9
65
19.4
66
18.8
67
18.3
68
17.8
69
17.2
70
16.6
71
16.0
72
15.5
73
14.9
74
14.3
75
13.6
76
13.0
77
12.4
78
11.8
79
11.1
80
10.5
Table B: Female Retirement Pension Age Factors
Age at last birthday prior to start of pension
Age Factor
20
33.6
21
33.4
22
33.2
23
33.0
24
32.8
25
32.6
26
32.4
27
32.2
28
32.0
29
31.7
30
31.5
31
31.3
32
31.0
33
30.8
34
30.5
35
30.3
36
30.0
37
29.7
38
29.4
39
29.1
40
28.8
41
28.5
42
28.2
43
27.9
44
27.6
45
27.2
46
26.9
47
26.5
48
26.2
49
25.8
50
25.4
Age at last birthday prior to start of pension
Age Factor
51
25.0
52
24.6
53
24.2
54
23.8
55
23.4
56
23.0
57
22.5
58
22.1
59
21.6
60
21.1
61
20.7
62
20.2
63
19.7
64
19.2
65
18.6
66
18.1
67
17.6
68
17.0
69
16.5
70
15.9
71
15.3
72
14.8
73
14.2
74
13.6
75
13.0
76
12.4
77
11.9
78
11.3
79
10.7
80
10.1
Table C: Male Invalid Pension Age Factors
Age at last birthday prior to start of pension
Age Factor
20
33.4
21
33.2
22
33.0
23
32.9
24
32.7
25
32.5
26
32.3
27
32.1
28
31.9
29
31.7
30
31.4
31
31.2
32
31.0
33
30.7
34
30.5
35
30.2
36
30.0
37
29.7
38
29.4
39
29.1
40
28.8
41
28.5
42
28.2
43
27.9
44
27.6
45
27.3
46
26.9
47
26.6
48
26.2
49
25.8
50
25.5
Age at last birthday prior to start of pension
Age Factor
51
25.1
52
24.7
53
24.3
54
23.9
55
23.4
56
23.0
57
22.6
58
22.1
59
21.6
60
21.2
61
20.7
62
20.2
63
19.7
64
19.2
65
18.7
66
18.1
67
17.6
68
17.0
69
16.5
70
15.9
71
15.4
72
14.8
73
14.2
74
13.6
75
13.0
76
12.4
77
11.8
78
11.2
79
10.6
80
10.0
Table D: Female Invalid Pension Age Factors
Age at last birthday prior to start of pension
Age Factor
20
32.8
21
32.6
22
32.4
23
32.2
24
32.0
25
31.8
26
31.5
27
31.3
28
31.0
29
30.8
30
30.5
31
30.3
32
30.0
33
29.7
34
29.4
35
29.1
36
28.8
37
28.5
38
28.2
39
27.9
40
27.6
41
27.2
42
26.9
43
26.5
44
26.1
45
25.8
46
25.4
47
25.0
48
24.6
49
24.2
50
23.7
Age at last birthday prior to start of pension
Age Factor
51
23.3
52
22.9
53
22.4
54
22.0
55
21.5
56
21.0
57
20.5
58
20.1
59
19.6
60
19.1
61
18.6
62
18.1
63
17.5
64
17.0
65
16.5
66
15.9
67
15.4
68
14.9
69
14.3
70
13.8
71
13.2
72
12.7
73
12.1
74
11.6
75
11.1
76
10.5
77
10.0
78
9.5
79
9.0
80
8.5
Note
1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au
