Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p40
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 40/83)
Character Range: 503296–506091

under the same conditions as apply to, and on the same date as, a preserved benefit under Part 8.
11.3.14 A preserved benefit member who preserved in the PSS scheme:

         (a) the whole of his/her accumulated transfer amount; and

         (b) all his/her accumulated member contributions (other than any refunded Excess Contribution Multiple);
may, under the same conditions and to the same extent as set out in Part 8, convert to additional pension some or all of the sum of:
             (i) his/her accumulated transfer amount, as further accumulated until payment; and
             (ii) the amount, if any, by which his/her Transfer Multiple Amount exceeded the accumulated transfer amount on cessation of membership, accumulated until payment by the method set out in Rules 8.6.2 and 8.6.3 in relation to an unfunded preserved benefit.
provided that:
         (A) if the entitlement to payment does not arise on invalidity grounds, at least half of the sum of the former member's preserved benefit and the amounts in items (i) and (ii)  is converted to pension; or
         (B) if the entitlement to payment arises on invalidity grounds, at least all of that part of the accumulated transfer amount, as accumulated, that is required to be preserved under the SIS Act is converted to pension;
and any part of the member's accumulated transfer amount, as accumulated until payment, and the amount, if any, by which his/her Transfer Multiple Amount exceeded the accumulated transfer amount on cessation, as accumulated until payment, that has not been converted to additional pension is payable as a lump sum.
11.3.15 A preserved benefit member who chooses to take additional pension under Rule 11.3.14 is taken to have become a maximum benefits member on the first contribution due day during his/her period of membership on which the amount in respect of the year in which the contribution due day falls shown opposite the member's average salary:
             (i) in the Table Maximum Benefits in Rule 5.6.1 (as amended by determination of CSC under Rule 5.6.5 from time to time); or
             (ii) in the relevant Table in Division 7 of Part 5 (as amended by determination of CSC under Rule 5.7.7 from time to time), less, if the member has received or is entitled to receive an adjustment payment under the Australian Federal Police Act 1979, the adjustment payment received, or entitled to be received;
is equalled or exceeded by the amount calculated by the formula in Rule 11.3.10.

Benefits on death of member
11.3.16 On the death of a member who:
         (a) transferred a transfer amount into the PSS scheme under Rule 11.1.1, before 1 January 1996; and
         (b) was not a limited benefits member at the date of his/her death;
additional reversionary pension is payable