{"id":"F2012L01039","name":"Social Security (Exempt Lump Sum) (Commonwealth Bank Officers Superannuation Corporation Pty Limited – OSF DB Rectification Project Payment) (FaHCSIA) Determination 2012","slug":"social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89371,"registerId":"commonwealth-F2012L01039-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"## Part 1 Preliminary\n\n1 Name of Determination\n\nThis Determination is the Social Security (Exempt Lump Sum) (Commonwealth Bank Officers Superannuation Corporation Pty Limited – OSF DB Rectification Project Payment) (FaHCSIA) Determination 2012.\n\n2 Commencement\n\nThis Determination commences the day after it is registered.\n\n3 Definitions\n\nIn this Determination:\n\nAct means the Social Security Act 1991.\n\nCBOSC means the Commonwealth Bank Officers Superannuation Corporation Pty Limited.\n\nOSF DB Rectification Project Payment means a lump sum ex gratia payment paid by CBOSC or the Commonwealth Bank of Australia to, or on behalf of certain people whose social security payments were affected (directly or indirectly) or who did not claim a social security payment from 1 July 2007 because of:\n\n-   the CBOSC incorrectly calculating the tax free component of defined benefit income streams provided by the Officers’ Superannuation Fund; or\n\n-   the CBOSC not providing the Department of Human Services or the person with information about the tax free component of defined benefit income streams provided by the Officers’ Superannuation Fund.\n\n  \n\nPart 2 Exempt Lump Sums","sortOrder":0},{"sectionNumber":"4","sectionType":"division","heading":"Amount or class of amounts","content":"### 4 Amount or class of amounts\n\n(1) Paragraph 8(11)(d) of the Act provides that the Secretary may determine that an amount, or class of amounts received by a person, is an exempt lump sum.\n\n(2) If an OSF DB Rectification Project Payment is made, any amount of that payment is an exempt lump sum.","sortOrder":1}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2223},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow scope. It targets exclusively the OSF DB Rectification Project Payments related to the Commonwealth Bank Officers Superannuation Corporation, without expanding to other funds or broader categories of payments."},"complexity_factors":["Only 3 defined terms in section 3","Single operative provision (section 4) with no nested conditions or exceptions","Minimal cross-referencing (only to paragraph 8(11)(d) of the Social Security Act 1991)","Extremely narrow subject matter limited to one specific superannuation fund rectification project"],"plain_english_summary":"This instrument ensures lump-sum OSF DB Rectification Project Payments from the Commonwealth Bank Officers Superannuation Corporation—paid to fix a past miscalculation of the tax‑free component of defined benefit pensions—are ignored for Centrelink income tests. It protects affected retirees from having Age Pension or other social security benefits reduced because of the fund’s error."}},"importantCases":[],"_links":{"self":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os","history":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os/history","analysis":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os/analysis","conflicts":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os/conflicts","importantCases":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os/important-cases","documents":"/api/acts/social-security-exempt-lump-sum-commonwealth-bank-officers-superannuation-corporation-pty-limited-os/documents"}}