{"id":"F2017L00221","name":"Social Security (Asset test Exempt Income Stream (Market-linked) – Payment Factors) Principles 2017","slug":"social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":95899,"registerId":"commonwealth-F2017L00221-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Payment factors","sectionType":"schedule","heading":"Payment factors","content":"## Payment factors\n\n| Item | Term of income stream remaining | Payment factors |\n| ---- | ------------------------------- | --------------- |\n| 1 | 70 or more | 26.00 |\n| 2 | 69 | 25.91 |\n| 3 | 68 | 25.82 |\n| 4 | 67 | 25.72 |\n| 5 | 66 | 25.62 |\n| 6 | 65 | 25.52 |\n| 7 | 64 | 25.41 |\n| 8 | 63 | 25.30 |\n| 9 | 62 | 25.19 |\n| 10 | 61 | 25.07 |\n| 11 | 60 | 24.94 |\n| 12 | 59 | 24.82 |\n| 13 | 58 | 24.69 |\n| 14 | 57 | 24.55 |\n| 15 | 56 | 24.41 |\n| 16 | 55 | 24.26 |\n| 17 | 54 | 24.11 |\n| 18 | 53 | 23.96 |\n| 19 | 52 | 23.80 |\n| 20 | 51 | 23.63 |\n| 21 | 50 | 23.46 |\n| 22 | 49 | 23.28 |\n| 23 | 48 | 23.09 |\n| 24 | 47 | 22.90 |\n| 25 | 46 | 22.70 |\n| 26 | 45 | 22.50 |\n| 27 | 44 | 22.28 |\n| 28 | 43 | 22.06 |\n| 29 | 42 | 21.83 |\n| 30 | 41 | 21.60 |\n| 31 | 40 | 21.36 |\n| 32 | 39 | 21.10 |\n| 33 | 38 | 20.84 |\n| 34 | 37 | 20.57 |\n| 35 | 36 | 20.29 |\n| 36 | 35 | 20.00 |\n| 37 | 34 | 19.70 |\n| 38 | 33 | 19.39 |\n| 39 | 32 | 19.07 |\n| 40 | 31 | 18.74 |\n| 41 | 30 | 18.39 |\n| 42 | 29 | 18.04 |\n| 43 | 28 | 17.67 |\n| 44 | 27 | 17.29 |\n| 45 | 26 | 16.89 |\n| 46 | 25 | 16.48 |\n| 47 | 24 | 16.06 |\n| 48 | 23 | 15.62 |\n| 49 | 22 | 15.17 |\n| 50 | 21 | 14.70 |\n| 51 | 20 | 14.21 |\n| 52 | 19 | 13.71 |\n| 53 | 18 | 13.19 |\n| 54 | 17 | 12.65 |\n| 55 | 16 | 12.09 |\n| 56 | 15 | 11.52 |\n| 57 | 14 | 10.92 |\n| 58 | 13 | 10.30 |\n| 59 | 12 | 9.66 |\n| 60 | 11 | 9.00 |\n| 61 | 10 | 8.32 |\n| 62 | 9 | 7.61 |\n| 63 | 8 | 6.87 |\n| 64 | 7 | 6.11 |\n| 65 | 6 | 5.33 |\n| 66 | 5 | 4.52 |\n| 67 | 4 | 3.67 |\n| 68 | 3 | 2.80 |\n| 69 | 2 | 1.90 |\n| 70 | 1 or less | 1.00 |","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function its title suggests: it specifies payment factors for market-linked income streams. It has not expanded beyond its original technical purpose of providing lookup values for Centrelink calculations."},"complexity_factors":["Single-purpose instrument containing only a data table with 70 rows","No defined terms section (relies on definitions in the parent Social Security Act 1991)","No conditional logic, exceptions, or cross-references within the instrument itself","Mathematical operation is straightforward division, though the policy context (interaction with asset test exemption rules) is complex","Extremely short length (essentially one table)","Title is verbose and jargon-heavy, but content is simple"],"plain_english_summary":"This instrument is a Centrelink table of payment factors used to convert the account balance of a market‑linked income stream (term allocated pension/TAP) into the minimum and maximum annual withdrawals a retiree must take. \n\nIt affects retirees with pre‑2004 market‑linked pensions and Centrelink assessors — compliance with the table’s ranges determines whether the stream retains favourable Age Pension asset‑test treatment."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument does not change who is covered or the types of income streams; it only prescribes the numeric factors to be used when converting a market‑linked, asset‑test‑exempt income stream into an asset‑test value."},"complexity_factors":["Deterministic lookup table: a one‑to‑one mapping from remaining term to factor (low interpretative complexity).","Large number of discrete entries (70 rows) requires accurate indexing to the correct remaining term.","Decimal precision in factors (two decimal places) creates modest computational precision requirements.","Clear endpoint rules (\"70 or more\", \"1 or less\") reduce ambiguity but require correct classification of terms.","No procedural text or discretionary criteria in the source increases mechanical simplicity but shifts complexity to correct operational application."],"plain_english_summary":"This instrument supplies a fixed lookup table of numeric “payment factors” used to convert market‑linked income streams that are exempt from the social security asset test into an asset‑test value. For each remaining term of the stream (from “70 or more” down to “1 or less”) it assigns a single decimal factor.\n\nIt affects people with those income streams, the providers who supply them, and social security staff who must apply these factors when assessing assets and eligibility."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017","history":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017/history","analysis":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017/analysis","conflicts":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017/conflicts","importantCases":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017/important-cases","documents":"/api/acts/social-security-asset-test-exempt-income-stream-market-linked-payment-factors-principles-2017/documents"}}