Document ID: chunk:federal_register_of_legislation:C2022C00264:section:3:p7
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 3 (pt 7/15)
Character Range: 28971–31421

under Division 3A of Part VI.
final annual rate of salary, in relation to a person who has ceased to be an eligible employee, means:
 (a) if paragraph (b), (c) or (d) does not apply in relation to the person—the person's annual rate of salary on his or her last day of service; or
 (b) if the annual rate of salary by reference to which his or her final basic contribution (including a final basic contribution of nil) was calculated is higher than the rate specified in paragraph (a)—that higher rate; or
 (c) if his or her annual rate of salary was higher than the rate referred to in paragraph (a) or (b) at any time on or after:
 (i) the anniversary of his or her birth last preceding his or her last day of service; or
 (ii) where, on or after that anniversary, he or she made an election under section 47 in respect of a reduction in his or her annual rate of salary—the date of the election;
  that higher rate; or
 (d) if the person on his or her last day of service had, or would have had if that last day of service were the anniversary of his or her birth, an imputed annual rate of salary within the meaning of paragraph 47(1)(b) that was higher than the rate mentioned in paragraph (a), (b) or (c)—that imputed annual rate of salary.
final basic contribution, in relation to a person who has ceased to be an eligible employee, means the fortnightly basic contribution payable by him or her on the contribution day last preceding his or her last day of service, or, if his or her last day of service is a contribution day, payable by him or her on his or her last day of service.
first day of service, in relation to a person who is, or has ceased to be, an eligible employee, means:
 (a) except where paragraph (b) applies—the day on which he or she became an eligible employee; or
 (b) where the person has become an eligible employee on more than 1 occasion—the day on which he or she last became an eligible employee.
fortnightly rate of salary, in relation to an eligible employee, means an amount equal to one‑twenty‑sixth of the amount of his or her annual rate of salary.
Fund or Superannuation Fund means the CSS Fund established by this Act.
Note: From 1 July 2011, the CSS Fund is vested in CSC.
Fund accumulated employer contributions, in relation to a person, means the person's accumulated employer contributions less any part of them that is:
 (a) a notional interim benefit of the person within the meaning of Part VIA; or