Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p69
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 69/106)
Character Range: 300536–303383

lesser of:

         (A) the amount shown opposite the member's average salary in the Table — AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (as amended by determination of CSC under Rule 5.7.7 from time to time); or

         (B) the sum of:

             (i) the amount calculated from the Table — AFP Preliminary Maximum Benefits — Pensions in Rule 5.7.2 (as amended by determination of CSC under Rule 5.7.7 from time to time) according to the member's final average salary; and

             (ii) the member's non‑concessional contributions as defined in the Income Tax Assessment Act 1997; and

             (iii) the member's Invalidity Multiple that would have accrued from the date of ceasing membership to age 60 multiplied by his/her final average salary; and

             (iv) 20% of the member's unfunded benefit accrual, calculated on the basis that the member is not a maximum benefits member;

         less the sum of:

             (v) the value of any adjustment payments received, as updated by CSC; and
             (vi) the amount of any adjustment payments to be received.

Maximum benefits where adjustment payment received — death
5.7.4 A maximum benefit in relation to a member or a preserved benefits member who:
    (a) dies; and
         (b) has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979;
is an amount calculated from the Table — AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (as amended by determination of CSC under Rule 5.7.7 from time to time) according to the former member's average salary on his/her last day of membership unless the member's final average salary is less than the minimum average salary shown in the Table — AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (see Rule 5.7.5).

Maximum benefits where adjustment payment received — low salary, invalidity or death
5.7.5 A maximum benefit in relation to a member who:
         (a) dies; or
         (b) ceases membership on invalidity retirement and, because CSC is satisfied that he/she is suffering from a terminal medical condition, is able to choose and chooses to be paid his/her final benefit accrual wholly as a lump sum; and
         (c) has a final average salary less than the minimum average salary shown in the Table AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (as amended by determination of CSC under Rule 5.7.7 from time to time); and
         (d) has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979;

is the greater of:

         (A) 10 times his/her final average salary; or
         (B) his/her final benefit accrual;
but cannot exceed the lowest Preliminary Maximum Benefit shown in the Table AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 reduced