Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p55
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 55/106)
Character Range: 262155–266001

transferred on entry to the PSS scheme that is exclusively productivity benefit                                                                                               Rule 5.3.18
                                                             Membership Transfer Multiple   Combining benefits from previously concurrent periods of membership                                                                                                                     Rule 5.3.20
                                                             CSS Transfer Multiple          Transferring entitlements from the CSS scheme                                                                                                                                           Division 2 of Part 14
                                                             Non‑Cash Transfer Multiple     An amount that would otherwise have been payable to an approved superannuation scheme in respect of a person who had transferred to that scheme from the PSS scheme or the CSS scheme.  Rule 5.3.23
                                                             Reduction Multiple             The application of a splitting agreement or splitting order under Part 16                                                                                                               Rule 16.4.3
                                                             Former MBL Multiple            A member who was a maximum benefits member immediately before 1 January 2008                                                                                                            Rule 5.6.8

On‑going Multiple
5.3.2 The Ongoing Multiple applicable to a casual member on a day is the lesser of:
    (a) the sum of his/her Fortnightly Contribution Accruals (see Rule 5.3.3); or
    (b) his/her Average Accrual (see Rule 5.3.4).

Fortnightly contribution accrual
5.3.3 A Fortnightly Contribution Accrual is applicable to a casual member on each contribution due day he/she pays, or is required to pay, fortnightly contributions or is a no‑TFN member or a zero contributions member and would have been required to pay contributions if they were not a no‑TFN member or zero contributions member respectively.

A Fortnightly Contribution Accrual is calculated using the following formula:

where:

                  Factor is the ratio his/her fortnightly contribution salary on that contribution due day bears to his/her fortnightly contribution salary on his/her last birthday; and

                  Contribution Paid is the amount of contributions paid by the member in respect of that contribution due day, or on each contribution due day that a member is a no‑TFN member or a zero contributions member, 0%; and

                  Annual Contribution Salary is the member's salary for average salary purposes on his/her last birthday under:

                      (a) Rule 3.6.2 if the casual member is not paid on a per diem basis; or

                      (b) Rule 3.6.3 if the casual member is paid on a per diem basis.

         Note:  References to a contribution due day on which a casual member pays, or is required to pay, fortnightly contributions, or to contributions paid, include where such a member has chosen paying contributions at 0% in accordance with the Rules.

Average accrual
5.3.4 The Average Accrual applicable to a casual member is the sum of the Fortnightly Contribution Accruals that would have accrued:
         (a) if the member has less than 260 contribution due days during his/her period of membership, as if he/she had paid contributions at the rate of 5% of his/her fortnightly contribution salary on each of those contribution due days; or
         (b) if the member has 260 or more contribution due days during his/her period of membership, as if he/she had paid