Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p59
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 59/106)
Character Range: 273667–276535

5.3.18 An Unfunded Transfer Multiple applies to a casual member if, immediately before becoming a casual member, he/she was a remainder employee under the Superannuation (Productivity Benefit) Act 1988 but was not a fund employee under that Act.
5.3.19 An Unfunded Transfer Multiple is calculated by dividing the amount that would have been payable under the Superannuation (Productivity Benefit) Act 1988 on behalf of the member on the day before his/her first day of membership if he/she had become entitled to a benefit under that Act by his/her average salary.  CSC may decide a later date should be used, and if so must:
         (a) use the member's average salary at that later date; and
         (b) adjust the amount of the payment that would have been made to take account of any interest that would have been accrued to that later date.

Membership Transfer Multiple
5.3.20 A Membership Transfer Multiple applies to a casual member if:
         (a) CSC accepts a request from the member to combine a previously concurrent membership with a current membership; or
         (b) CSC is aware a member has a previously concurrent membership of less than three months.
5.3.21 A Membership Transfer Multiple is calculated by dividing the member's final benefit accrual from his/her previous membership by his/her average salary from his/her current membership at the date his/her earlier membership ceased.

Non‑Cash Transfer Multiple
5.3.23 A Non‑Cash Transfer Multiple applies to a casual member:
         (a) who transferred to the PSS scheme from an approved superannuation scheme; and
         (b) who was a person who had previously transferred to that approved superannuation scheme from the PSS Scheme or the CSS Scheme; and
         (c) in respect of whom assets were transferred to the approved superannuation scheme under a determination by the Minister under section 33D of the Superannuation Act 1990 or section 240 of the Superannuation Act 1976; and
         (d) in respect of whom an amount was included in a schedule of payments from the Consolidated Revenue Fund to the approved superannuation scheme determined by the Minister under section 33E of the Superannuation Act 1990 or section 241 of the Superannuation Act 1976 but has not been paid; and
         (e) in respect of whom assets are transferred from the approved superannuation scheme to the PSS scheme.
5.3.24 A Non‑Cash Transfer Multiple is calculated by dividing:
         (a) the amount that would otherwise have been payable in respect of the casual member under a determination made under section 33E of the Superannuation Act 1990 or section 241 of the Superannuation Act 1976 on cessation of the person's membership of the approved superannuation scheme when he/she transferred to the PSS scheme; by
         (b) his/her average salary on the date he/she joined the PSS scheme.