Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p51
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 51/106)
Character Range: 250456–253230

Transfer Multiple or a Non‑Cash Transfer Multiple, or any combination of those multiples is:
         (a) where the contribution due days applicable to that multiple or multiples are less than 260, the multiple that would have accrued under Rule 5.2.4 if the 260 contribution due days referred to in that rule were reduced by the number of contribution due days applicable to that multiple or multiples; or
         (b) where the contribution due days applicable to that multiple or multiples are 260 or more, the sum of his/her Fortnightly Contribution Accruals under Rule 5.2.3.
5.2.6 The Average Accrual applicable to a regular member who has a Membership Transfer Multiple arising from a previous membership is the multiple that would have accrued under Rule 5.2.4 if the 260 contribution due days referred to in that rule were reduced by the number of contribution due days in the previous membership occurring before his/her first day of membership.  No particular contribution due day can be counted more than once.
5.2.7 The Average Accrual applicable to a regular member who advised CSC he/she also has an earlier commencing concurrent membership is the multiple that would have accrued under Rule 5.2.4 if the 260 contribution due days referred to in that rule were reduced by the number of contribution due days in the earlier commencing membership occurring before his/her first day of membership.  No particular contribution due day can be counted more than once.
5.2.8 The Average Accrual applicable to a regular member who advised CSC he/she is also an eligible employee under the Superannuation Act 1976 is the multiple that would have accrued under Rule 5.2.4 if the 260 contribution due days referred to in that rule were reduced by the number of contribution due days occurring from the date the member became an eligible employee under the Superannuation Act 1976 to his/her first day of membership.

5.2.9 The 260 contribution due days referred to in Rule 5.2.4 are reduced by one for each fortnight during which a regular member who is the subject of paragraph (C) of Rule 5.2.4 contributed to the superannuation scheme referred to in that Rule, or during which his/her employer contributed to that superannuation scheme.

5.2.9A The Average Accrual applicable to a regular member who has a Former MBL Multiple (because the member was a maximum benefits member immediately before 1 January 2008) is the multiple that would have accrued under Rule 5.2.4 if the 260 contribution due days referred to in that rule were reduced by the number of contribution due days occurring before 1 January 2008 while the member was a maximum benefits member.

Additional Cover Multiple
5.2.10 An Additional Cover Multiple applies to a regular member if:
         (a)