Exa Red [email address]
Dear Exa Red,
We write to acknowledge receipt of your request, under the Freedom of Information Act 1982 (FOI Act), in the following terms:
The ATO references these legally obligated minimum drawdown amounts, as do many of the superannuation funds.
https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?page=9
https://www.mlc.com.au/personal/retirement/super-and-retirement-rules/pension-drawdown-requirements
This appears to be in reference to the following legislation:
In talking with my super fund this law was originally introduced with supporting reports, models and evidence from Treasury to support the "Percentage factor" amounts.
1. Under FOI, please forward evidence, models or other information or analysis that Treasury completed on or before the introduction of this law that determined the specific table at the bottom the link above - which appears to be "SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - SCHEDULE 7", Item 5 - the table itself, copied from the legislation, is included below for reference.
The Treasury received your request on 2 August 2022. The FOI Act provides that we have 14 days to acknowledge the request. The FOI Act provides that we have 30 days to process the request. This period may be extended if we need to consult third parties or for other reasons. We will advise you if this happens.
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Email: [Treasury request email]
From:
Exa Red <[email address]>
Sent: Tuesday, 2 August 2022 3:51 PM
To: FOI <[email address]>
Subject: Analysis for minimum Superannuation drawdown rates table
The ATO references these legally obligated minimum drawdown amounts, as do many of the superannuation funds.
This appears to be in reference to the following legislation:
In talking with my super fund this law was originally introduced with supporting reports, models and evidence from Treasury to support the "Percentage factor" amounts.
- Under FOI, please forward evidence, models or other information or analysis that Treasury completed on or before the introduction of this law that determined the specific table at the bottom the link above - which appears to be "SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - SCHEDULE 7", Item 5 - the table itself, copied from the legislation, is included below for reference.