Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p67
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 67/106)
Character Range: 295221–298047

be fixed.  For example, if a member had a Former MBL Multiple of 6 as at 31 December 2007, and then accrues a further On‑going Multiple of 2 during the period from 1 January 2008 to 31 December 2016, their Benefit Accrual Multiple would be the sum of the multiples, that is, 6 + 2 = 8.

Division 7

Maximum benefits where adjustment payment received
5.7.1 A maximum benefit in relation to a member who has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979 is an amount calculated from the following Table (as amended by determination of CSC under Rule 5.7.7 from time to time) according to the member's average salary less the sum of:
    (a) the value of any adjustment payments received, as updated by CSC; and
    (b) the amount of any adjustment payments to be received;

unless the member:

         (A) ceases membership on or after minimum retiring age, but not on invalidity retirement, and chooses to be paid half or more of his/her final benefit accrual as a pension (see Rule 5.7.2); or
         (B) ceases membership, before 1 July 2000, on involuntary retirement before minimum retiring age and chooses to be paid half or more of his/her final benefit accrual as a pension (see Rule 5.7.2); or
         (C) ceases membership on invalidity retirement and, because CSC is not satisfied that he/she is suffering from a terminal medical condition, is not able to choose to be paid his/her invalidity benefit accrual wholly as a lump sum, or is able to choose but does not do so, and accordingly is paid benefits predominantly in the form of a pension (see Rule 5.7.3); or
         (D) ceases membership on death and his/her average salary equals or is more than the minimum shown in the following Table — AFP Preliminary Maximum Benefits — Lump Sums (see also Rule 5.7.4); or
         (E) ceases membership on invalidity retirement or death and his/her average salary is less than the minimum shown in the following Table — AFP Preliminary Maximum Benefits — Lump Sums (see also Rule 5.7.5); or
         (F) is entitled to his/her preserved benefit and chooses to take all or some of that benefit as a pension (see Rule 5.7.6); or
         (G) transferred a transfer amount into the PSS scheme before 1 January 1996 and chooses a pension conversion option under Rules 11.3.5 or 11.3.8 (see Rule 11.3.10).

   Table – AFP Preliminary Maximum Benefits – Lump Sums

   Average Salary                                        Preliminary Maximum Benefit

   Less than $50,000                                     $500,000

   $50,000 or more                                       10 times average salary

        Note: Table updated by CSC under Rule 5.7.7

Maximum benefits where adjustment payment received — pension taken
5.7.2 A maximum benefit in relation to