Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p63
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 63/106)
Character Range: 284560–287679

contribution due days; or
                           reached age 60; or
                           reached his/her maximum benefit;
                    if the number of contribution due days used to determine the member's Average Accrual under Division 2 of this Part is less than 260.

                   Annual Contribution Salary is the average of the Annual Contribution Salary values used in the formula in Rule 5.3.3 over the lesser of his/her last 78 contribution due days or number of contribution due days.

5.5.3 The number of contribution days referred to in Rule 5.5.2 is the number calculated using the following formula:

where:

                   Prospective Period Paydays is the number of contribution days occurring from the date the member ceased membership to the earlier of:
                      age 60; or
                      the date he/she would have become a maximum benefits member if:
                         contributions had continued to be paid at the Contribution Payable rate determined under Rule 5.5.2; and
                         he/she had continued to pay contributions in the same ratio that the number of contribution due days on which he/she paid contributions during the 78 contribution days immediately before he/she ceased membership or, if less, his/her period of membership bears to the number of contribution days in that period; and
                         his/her maximum benefit was based on his/her final average salary; and
                  Previous Paydays is the sum of the:
                       Contributions Paid
                     (a) number of contribution days the former member paid contributions; and
                     (b) number of contribution days on which the former member was a no‑TFN member and had a fortnightly contribution salary greater than nil on that contribution day,
                  during the lesser of the 78 contribution days immediately before he/she ceased membership or, if less, his/her period of membership; and

                  Previous Period Paydays is the number of contribution days during the lesser of the 78 contribution days immediately before he/she ceased membership or, if less, his/her period of membership;
                      if the member was a regular member before becoming a casual member, the number of previous period paydays is to be reduced by the number of contribution days if any, he/she as a regular member, was not allowed to pay contributions but not including because he/she was a no‑TFN member, eg. while on leave without pay.

5.5.4 CSC may substitute an earlier date for the date a casual member:
    (a) ceases membership because of invalidity retirement; or
    (b) dies;

if the member had one or more protracted periods of paid or unpaid sick leave or compensation leave related to the medical condition or conditions that substantially contributed to his/her invalidity retirement or death in the three years prior to that cessation of membership or death.

Division 6

Becoming a maximum benefits member
      5.6.1 A member is a maximum benefits member from the