{"id":"F2023L00807","name":"Superannuation (PSS) Maximum Benefits (2023-2024) Determination 2023","slug":"superannuation-pss-maximum-benefits-2023-2024-determination-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104534,"registerId":"commonwealth-F2023L00807-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (PSS) Maximum Benefits (2023-2024) Determination 2023","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nSuperannuation (PSS)\n\nMaximum Benefits (2023-2024)\n\nDetermination 2023\n\n \n\n \n\n![](image.001.png) \n\nI, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, and Delegate of Commonwealth Superannuation Corporation, pursuant to rules 5.6.5 and 5.7.7 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:\n\n \n\nDated   14 June 2023\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nJ BROWN\n\nDelegate of Commonwealth Superannuation Corporation\n\n![](image.002.png) \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n1 Name of Determination\n\n \n\nThis Determination is the Superannuation (PSS) Maximum Benefits\n\n(2023-2024) Determination 2023.\n\n \n\n \n\n2 Commencement\n\n \n\n  This determination takes effect on 1 July 2023.     \n\n \n\n \n\n3 Maximum Benefits – Lump Sums\n\n \n\nFor rule 5.6.5 of the PSS Rules, the table in rule 5.6.1 has effect, for the financial year starting on 1 July 2023, as if the amounts specified in the following table were substituted for the amounts specified in that table:\n\n \n\n- Table – Maximum Benefits\n- Average Salary Maximum Benefit\n- Less than $85,000.00 $850,000.00\n- $85,000.00 and over 10 times average salary\n\n\n \n\n \n\n4                    Maximum Benefits – AFP Lump Sums\n\n \n\nFor rule 5.7.7 of the PSS Rules, the table in rule 5.7.1 has effect, for the financial year starting on 1 July 2023, as if the amounts specified in the following table were substituted for the amounts specified in that table:\n\n \n\n- Table – AFP Preliminary Maximum Benefits – Lump Sums\n- Average Salary Preliminary Maximum Benefit\n- Less than $85,000.00 $850,000.00\n- $85,000.00 and over 10 times average salary\n\n\n5                    Maximum Benefits – AFP Pensions\n\n \n\nFor rule 5.7.7 of the PSS Rules, the table in rule 5.7.2 has effect, for the financial year starting on 1 July 2023, as if the amounts specified in the following table were substituted for the amounts specified in that table:\n\n \n\n- Table – AFP Preliminary Maximum Benefits – Pensions\n- Final Average Salary PreliminaryMaximum Benefit\n- Less than $85,000.00 $1,190,000.00\n- $85,000.00 and over 14 times average salary\n\n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Determination performs exactly the function intended by the parent legislation — annual adjustment of maximum benefit caps. It does not expand beyond the statutory requirement to update these figures for the 2023-2024 financial year."},"complexity_factors":["Very short document (5 sections, approximately 1 page of substantive content)","Only 2 defined terms used implicitly ('average salary' and 'final average salary' — both reference external PSS Rules)","Simple conditional logic: two-tier threshold test based on $85,000 salary floor","No nested exceptions or cross-references beyond basic references to PSS Rules 5.6.5, 5.6.1, 5.7.7, 5.7.1 and 5.7.2","Straightforward mathematical formula: fixed dollar amount or multiplier (10x or 14x)","Single purpose instrument: annual indexation of existing caps, no policy innovation"],"plain_english_summary":"This Determination sets the 2023–24 caps on how much Public Sector Superannuation (PSS) members — including AFP officers — can receive when they leave or retire, and guides the Commonwealth Superannuation Corporation’s payments. For lump sums: average salary < $85,000 → cap $850,000; ≥ $85,000 → cap 10× average salary. For AFP pension-style benefits: < $85,000 → cap $1,190,000; ≥ $85,000 → cap 14× final average salary.  \n\nThe limits curb outsized payouts and are indexed annually to wage growth."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument does not change who is covered or the rules’ substantive reach; it only substitutes new numeric maximums into existing PSS Rules tables for the 2023–24 year (see sections 3–5) with effect from 1 July 2023 (section 2)."},"complexity_factors":["Narrow, numeric substitution task (sections 3–5): updates amounts in existing tables rather than creating new policy.","Cross‑references to PSS Rules (rule 5.6.1, 5.7.1, 5.7.2 and rules 5.6.5, 5.7.7): interpretation depends on definitions and mechanics located outside this instrument (e.g. 'average salary', 'final average salary').","Different treatments for categories (PSS lump sums vs AFP preliminary lump sums vs AFP pensions) increase operational checks.","Commencement timing (section 2): administrative cut‑over on 1 July 2023 requires payroll/actuarial adjustments.","Implementation burden on Commonwealth Superannuation Corporation and employers to recalculate entitlements and caps.","Delegated instrument form (signed by CSC delegate) means administrative, not parliamentary, amendment—limits legal complexity but centralises discretion."],"plain_english_summary":"This Determination, effective 1 July 2023, updates the numeric maximum benefit caps used under the PSS Rules for the 2023–24 financial year. It replaces the tables that set lump‑sum and AFP preliminary lump‑sum and pension caps with new fixed amounts or salary multiples (e.g. $850,000 where average salary is under $85,000; 10× or 14× where $85,000+). It affects PSS and AFP members and the Commonwealth Superannuation Corporation by fixing the ceiling on payable benefits and thus changing entitlement and employer‑liability calculations."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023","history":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023/history","analysis":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023/analysis","conflicts":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023/conflicts","importantCases":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023/important-cases","documents":"/api/acts/superannuation-pss-maximum-benefits-2023-2024-determination-2023/documents"}}