Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p46
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 46/83)
Character Range: 518868–521701

CSC may determine any fees to be charged in relation to a roll‑over requested under Rule 11.4.10A and deduct them from the member's Accumulated Additional Contributions prior to roll‑over.

Payment of Accumulated Additional Contributions in relation to a release authority
11.4.11 Subject to the SIS Act and taxation legislation, where CSC receives a release authority in respect of a member or preserved benefit member who has Accumulated Additional Contributions, CSC must pay a lump sum amount in respect of the member or preserved benefit member.
The Accumulated Additional Contributions for the member or preserved benefit member is to be reduced to take into account the payment of any amount under this Rule.

Division 5

Benefit entitlement on cessation — performance pay or productivity contributions
11.5.1 A member who:
    (a) transferred a transfer amount into the PSS scheme under Rule 11.1.2; and
    (b) ceases to be a member, but not by reason of death;
is, subject to Rule 11.5.1A, entitled to:
             (i) payment or transfer of the accumulated transfer amount under the same conditions, in the same manner and, where relevant, to the same extent as permitted by the SIS Act (with the balance being preserved in the PSS scheme or rolled over) as the member's final benefit accrual is payable or transferable under Part 6, except that the accumulated transfer amount cannot be converted to a pension; or
             (ii) preserve the accumulated transfer amount in the PSS scheme; or
             (iii) roll‑over the accumulated transfer amount.
11.5.1A A member may not elect to preserve his/her accumulated transfer amount in the PSS scheme under Rule 11.5.1 where no part of his/her final benefit accrual is preserved in the PSS scheme under Part 6.
11.5.2 On the death of a member who transferred a transfer amount into the PSS scheme under Rule 11.1.2, the accumulated transfer amount is payable under the same conditions and to the same person or persons, and, where relevant, in the same proportions as are payable to those persons, as the deceased member's death benefit accrual is payable under Part 7.  The accumulated transfer amount cannot be taken as a reversionary pension.

Payment of preserved accumulated transfer amount — performance pay or productivity
contributions
11.5.3 A preserved benefit member who transferred a transfer amount into the PSS scheme under Rule 11.1.2 is entitled to a preserved benefit of his/her accumulated transfer amount.  An accumulated transfer amount, or part of such accumulated transfer amount, that has been preserved in the PSS scheme, as further accumulated until payment, is payable to the same person or persons under the same conditions as apply to, and on the same date as, a preserved benefit under Part 8.

Employer component of preserved benefits to