{"id":"F2024L00642","name":"Superannuation (PSS) Maximum Benefits (2024-2025) Determination 2024","slug":"superannuation-pss-maximum-benefits-2024-2025-determination-2024","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105241,"registerId":"commonwealth-F2024L00642-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (PSS) Maximum Benefits (2024-2025) Determination 2024","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nSuperannuation (PSS)\n\nMaximum Benefits (2024-2025)\n\nDetermination 2024\n\n \n\n \n\n![This object is just decorative and acts as a line break, there is no other content associated with this alternative text. ](image.001.png) \n\nI, ADAM NETTHEIM, Chief Customer Officer, 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   4 June 2024\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nA NETTHEIM\n\nDelegate of Commonwealth Superannuation Corporation\n\n![This object is just decorative and acts as a line break, there is no other content associated with this alternative text. ](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\n1 Name of Determination\n\n \n\nThis Determination is the Superannuation (PSS) Maximum Benefits\n\n(2024-2025) Determination 2024.\n\n \n\n2 Commencement\n\n \n\n  This determination takes effect on 1 July 2024.     \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 $89,000.00 $890,000.00\n- $89,000.00 and over 10 times average salary\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 $89,000.00 $890,000.00\n- $89,000.00 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 2024, 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 $89,000.00 $1,246,000.00\n- $89,000.00 and over 14 times average salary\n\n\n \n\n \n","sortOrder":0}],"analysis":{"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"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This determination performs exactly its intended function: annual indexation of maximum benefit caps. It has not expanded beyond the original purpose of the PSS Rules, which always contemplated these yearly updates."},"complexity_factors":["Very short document (5 sections, ~1 page)","No defined terms section — relies entirely on external references to 'PSS Rules' and the Superannuation Act 1990","Simple tabular substitution mechanism: replaces dollar amounts in existing tables","Minimal conditional logic (only two salary bands: under $89,000 and $89,000+)","No nested exceptions or cross-references beyond the two rule citations (5.6.5, 5.7.7)","Straightforward mathematical formula (10× or 14× average salary)"],"plain_english_summary":"This instrument updates the maximum dollar limits for benefits from the closed Public Sector Superannuation (PSS) scheme for 2024–25, covering lump sums for PSS members and lump sum and pension caps for AFP members. It sets fixed caps for average salaries under $89,000 and multiplies of salary (10× for lump sums, 14× for AFP pensions) otherwise. It affects current and former PSS members and prevents unlimited defined benefits, with annual indexation."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument does not change which benefits or categories are covered; it only substitutes new numeric maximums into existing PSS/AFP tables. The Determination therefore alters benefit amounts but not the scheme coverage or eligibility rules. Note: some provisions reference the financial year starting 1 July 2023 while the Determination’s commencement is 1 July 2024, which may create an apparent timing ambiguity for application."},"complexity_factors":["Simple numeric substitutions into existing tables rather than rule‑making: replaces amounts for maximum benefits (Sections 3–5).","Multiple benefit categories affected (PSS lump sums, AFP lump sums, AFP pensions) requiring administrators to apply different tables.","Reliance on defined terms in the PSS Rules/Deed (eg. \"average salary\", \"final average salary\") which must be cross‑referenced to compute limits.","Delegated decision‑making: amounts are set by a CSC delegate under rules 5.6.5 and 5.7.7, so verifying authority requires checking the PSS Rules/Deed.","Temporal ambiguity: commencement clause (1 July 2024) versus some substitutions stated for the financial year starting 1 July 2023 introduces potential implementation/date‑scope confusion for administrators.","Operational compliance tasks: administrators must update calculations, payroll/benefit systems and communications to members."],"plain_english_summary":"This Determination replaces the numeric caps used to calculate maximum PSS and AFP superannuation benefits, taking effect 1 July 2024. It sets new lump‑sum and pension ceilings (fixed dollar caps for lower salary bands and multiples of average salary for higher bands). \n\nThe change matters to PSS and AFP members, plan administrators and employers because administrators must apply the new caps when paying benefits and employers/the fund bear any fiscal effect when caps bind. The Commonwealth Superannuation Corporation delegate sets these amounts under the existing PSS Rules."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024","history":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024/history","analysis":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024/analysis","conflicts":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024/conflicts","importantCases":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024/important-cases","documents":"/api/acts/superannuation-pss-maximum-benefits-2024-2025-determination-2024/documents"}}