Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p9
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 9/83)
Character Range: 421865–424797

preserved benefit member or deceased pensioner, a lump sum is payable of the amount, if any, by which the sum of the:
         (a)              accumulated member contributions; and
         (b)              accumulated productivity contributions; and
         (c)              any superannuation guarantee additional amount
applicable to the deceased member, deceased preserved benefit member or deceased pensioner exceeds the total amount of benefits in the form of pension or lump sum paid to or respect of him/her, since his/her last day of membership; CSC may pay the lump sum:
             (i) to any child or children of the deceased member, deceased preserved benefit member or deceased pensioner who would otherwise be ineligible for benefits in such proportions as is determined by CSC; or
             (ii) to the legal personal representative of the deceased member, deceased preserved benefit member or deceased pensioner.
If, after making reasonable enquiries, CSC is unable to find the legal personal representative of a deceased member, deceased preserved benefit member or deceased pensioner CSC may pay the lump sum to an individual or apportion it between two or more individuals.

Division 6

Calculating July pension increases
9.6.1 The annual pension, other than a partial invalidity pension, that:
         (a)              was payable immediately before 1 July of any year; or
         (b)              became payable on 1 July because a pensioner died on the immediately preceding 30 June;

is to be increased by adding to that pension the amount calculated using the following formula:

where:

                  New CPI is the all groups consumer price index number for the weighted average of the 8 capital cities first published by the Australian Statistician in respect of the March quarter immediately before the relevant 1 July; and

                  Old CPI is the highest all groups consumer price index number for the weighted average of the 8 capital cities first published by the Australian Statistician in respect of any September or March quarter earlier than the March quarter immediately before the relevant 1 July,
provided:

     (A) the New CPI index number exceeds the Old CPI index number; and

          (B) the factor that results from division of New CPI less Old CPI by Old CPI is to be rounded up or down to the nearest one thousandth; and

          (C) CSC may reduce the amount where the pension, or on the death of a pensioner, the primary pension, was not payable for a half year before the relevant 1 July; and

          (D) any year that commenced before 1 July 1989 is excluded when determining Old CPI; and

          (E) if the Australian Statistician changes the reference base for the consumer price index, regard shall only be had to index numbers first published in terms of the new reference base.
9.6.2 The increase in the pension calculated under Rule 9.6.1