Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p64
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 64/106)
Character Range: 287415–290347

or conditions that substantially contributed to his/her invalidity retirement or death in the three years prior to that cessation of membership or death.

Division 6

Becoming a maximum benefits member
      5.6.1 A member is a maximum benefits member from the earlier of:
         (a) the date of last becoming a member if he/she was a maximum benefits member in relation to a previous period of membership; or
         (b) the date of election to cease to be an eligible employee under the Superannuation Act 1976 if he/she transferred from the CSS scheme and Rule 14.3.1 applies; or
         (c) the contribution due day he/she reaches his/her maximum benefit, that is, when the amount calculated by multiplying his/her Benefit Accrual Multiple by his/her average salary equals or exceeds:
             (i) the amount shown opposite the average salary in the following Table Maximum Benefits (as amended by determination of CSC under Rule 5.6.5 from time to time); or
             (ii) the amount calculated under Division 7 of this Part if the member has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979 (see Division 7 of this Part)

unless the member:

         (A) ceases membership on invalidity retirement or death and his/her final average salary is less than the minimum average salary shown in the following Table Maximum Benefits (see also Rule 5.6.2); or
         (B) before last becoming a member:
             (i) had a preserved benefit applicable that would have exceeded the amount calculated under the Table  Maximum Benefits when he/she last became a member (see Rule 5.6.3); or
             (ii) was an invalidity pensioner and on the date he/she last became an invalidity pensioner was a maximum benefits member (see Rule 5.6.4); or
         (C) has a CSS Transfer Multiple applicable and on the day he/she ceased to be an eligible employee under the Superannuation Act 1976  his/her benefit amount calculated under Rule 14.3.1 would have exceeded the maximum benefit otherwise calculated under this Rule; or
         (D) transferred a transfer amount into the PSS scheme before 1 January 1996 and chooses the pension conversion option under Rule 11.3.6 (see Rule 11.3.10).

   Table – Maximum Benefits
   Average Salary            Maximum Benefit
   Less than $50,000         $500,000
   $50,000 or more           10 times average salary

        Note: Table updated by CSC under Rule 5.6.5.

Calculating maximum benefits in certain other cases
5.6.2 A maximum benefit in relation to a member who ceases membership on invalidity retirement or death and has a final average salary less than the minimum average salary shown in the Table Maximum Benefits in Rule 5.6.1 (as amended by determination of CSC under Rule 5.6.5 from time to time), is the greater of:
    (a) 10 times his/her final average salary; or
    (b) his/her final benefit accrual;