Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p68
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 68/106)
Character Range: 297652–300778

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 a member who ceases membership:
         (a) on or after minimum retiring age, but not on invalidity retirement, and chooses to take half or more of his/her final benefit accrual as a pension; or
         (b) before 1 July 2000 on involuntary retirement before minimum retiring age, and chooses to take half or more of his/her final benefit accrual as a pension; and

has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979 is the lesser of:

         (A) the amount shown opposite the member's average salary in the Table AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (as amended by determination of CSC under Rule 5.7.7 from time to time); or
         (B) the sum of:
             (i) the amount calculated from the following Table — AFP Preliminary Maximum Benefits — Pensions according to the member's final average salary; and
             (ii) the member's non‑concessional contributions as defined in the Income Tax Assessment Act 1997; and
             (iii) 20% of the amount of the member's unfunded benefit accrual to be taken as a pension, calculated on the basis that he/she is not a maximum benefits member; and
             (iv) 15% of the balance of the member's unfunded benefit accrual (if any), calculated on the basis that he/she is not a maximum benefits member;

         less the sum of:

             (v) the value of any adjustment payments received, as updated by CSC; and
             (vi) the amount of any adjustment payments to be received.

   Table – AFP Preliminary Maximum Benefits – Pensions

   Average Salary                                       Preliminary Maximum Benefit

   Less than $50,000                                    $700,000

   $50,000 or more                                      14 times average salary

Note: Table updated by CSC under Rule 5.7.7

Maximum benefits where adjustment payment received — invalidity pensioner
5.7.3 A maximum benefit in relation to a member who:

         (a) is not a limited benefits member; and

         (b) ceases membership on invalidity retirement and chooses to be paid all his/her invalidity benefit accrual as a pension, or to be paid a lump sum of all or some of his/her accumulated member contributions and to convert the balance of his/her invalidity benefit accrual to a pension; and

         (c) has received, or is entitled to receive, an adjustment payment under the Australian Federal Police Act 1979;

is the lesser of:

         (A) the amount shown opposite the member's average salary in the Table — AFP Preliminary Maximum Benefits — Lump Sums in Rule 5.7.1 (as amended by determination of CSC under Rule 5.7.7 from time to time); or

         (B)