Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p37
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 37/83)
Character Range: 495684–498505

due days that occurred before that date:

                  (A) the member did not commence to make contributions;

                  (B) the member is required to pay in arrears the amount of member contributions due; and

                  (C) the member's designated employer is required to pay in arrears the amount of the funded productivity contributions due in relation to the member; or

         (e) joined the PSS scheme before 6 July 1996 and transferred in a transfer amount that became payable as a result of membership, which ceased on joining the PSS Scheme, of the CAA Staff Superannuation Fund, or that Fund and its successor, the AvSuper Fund.

Pension benefits
11.3.5 A member may convert all or part of his/her Transfer Multiple Amount to additional pension (see Rule 11.3.6) if he/she:
         (a)  is entitled to convert at least half of his/her final benefit accrual to pension under the conditions set out in Part 6; and
         (b) is entitled to, or chooses under Rule 11.3.2 an entitlement to, a Transfer Multiple Amount;
provided that at least half of the sum of the final benefit accrual and the Transfer Multiple Amount is converted.
11.3.6 The additional pension is calculated by dividing the part of the Transfer Multiple Amount to be converted to pension by the pension conversion factor determined from the Table — Pension Conversion Factors in Rule 9.2.2 and then multiplying the result by the Reduction Factor as defined in Rule 9.2.2.  Any part of the member's Transfer Multiple Amount that is not converted to additional pension is payable as a lump sum.

Lump sum benefits
11.3.7 On cessation of membership a member who:
         (a) transferred a transfer amount into the PSS scheme under Rule 11.1.1, before 1 January 1996; and
    (b) does not cease membership on invalidity retirement before age 60, or death; and
         (c) is not entitled to, or does not, convert some or all of  his/her Transfer Multiple Amount to a pension under Rule 11.3.5;
is, subject to Rule 11.3.7A, entitled to:
             (i) payment of whichever is the greater of his/her accumulated transfer amount or his/her Transfer Multiple Amount under the same conditions, in the same manner (other than as a pension) and, where relevant, to the same extent as permitted by the SIS Act (with any balance being preserved in the PSS scheme or rolled over), as the member's final benefit accrual is payable under Part 6; or
             (ii) preserve in the PSS scheme the accumulated transfer amount, together with the amount (if any) by which the Transfer Multiple Amount exceeds the accumulated transfer amount; or
             (iii) roll‑over the accumulated transfer amount.
11.3.7A A member may not elect to preserve his/her accumulated transfer amount, together with the amount (if any) by which the