A trustee formulates, reviews regularly, gives effect to, records in writing and in that document records how it has determined matters for, a retirement income strategy meeting s 52AA, and takes reasonable steps to gather the information needed to inform it (s 52(8A)). The strategy is for beneficiaries who are retired or approaching retirement, and addresses how the trustee will help them maximise expected retirement income, manage longevity, investment and inflation risks to its sustainability and stability, and have flexible access to funds over retirement (s 52AA(2)). The trustee determines the relevant class of beneficiaries (which may exclude members who hold only a defined benefit interest they cannot commute) and may divide it into sub-classes (s 52AA(3)-(4)), and settles two definitions for the strategy: what counts as income after retiring (covering, at minimum, net-of-tax superannuation and age pension payments) and how long that stretch of life runs (s 52AA(5)-(6)).
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.