{"id":"F2008B00262","name":"Superannuation (PSS) (Surcharge Deduction Amount - Conversion Factors) Determination No. 1","slug":"superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":73016,"registerId":"commonwealth-F2008B00262-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (PSS) (Surcharge Deduction Amount - Conversion Factors) Determination No. 1","content":"COMMONWEALTH OF AUSTRALIA\n\nSUPERANNUATION ACT 1990\n\nDETERMINATION\n\nThe PSS Board, pursuant to rule 12.2.10 and for the purposes of Part 9 of the Rules, DETERMINES as follows:\n\nCitation\n\n1. This determination may be cited as the \"Superannuation (PSS) (Surcharge Deduction Amount - Conversion Factors) Determination No. 1\".\n\nCommencement\n\n2. This determination shall take effect from and including 15 May 1998.\n\nPurpose\n\n3. The purpose of this determination is to determine, in accordance with advice from an actuary, conversion factors to be used when calculating pension reductions in order to discharge Surcharge Deduction Amounts.\n\nInterpretation\n\n4.(1) In this determination:\n\n\"Act\" means the Superannuation Act 1990; and\n\n\"Rules\" means the Rules for the Administration of the Superannuation Scheme established by deed under section 4 of the Act, as amended from time to time.\n\n(2) Words and expressions defined in the Act and the Rules have the same meaning in this determination.\n\nSchedule\n\n\\[Conversion factors to be used when calculating amounts to be deducted from pensions\\]\n\n5.(1) Subject to subclause (2), the conversion factors for the purposes of rule 12.2.10 are set out in the Table in the Schedule to this determination.\n\n(2) The conversion factors set out in the Table in the Schedule to this determination do not apply in respect of any pension payable as a result of the death of a member.\n\n\\[Superannuation (PSS) (Surcharge Deduction Amount - Conversion Factors)\n\nDetermination No. 1 (continued)\\]\n\nR.L. Brown\n\n............................................................\n\nR.L. Brown\n\n(Chairperson)\n\nPeter Reynolds G. Kelly\n\n........................................................... ..........................................................\n\nP. Reynolds G.J. Kelly\n\n(Trustee) (Trustee)\n\nWinsome Hall John Flitcroft\n\n............................................................ ..........................................................\n\nW. Hall J.A. Flitcroft\n\n(Trustee) (Trustee)\n\nThe Common Seal of the PSS Board was hereunto affixed by authority of the Board\n\nDated this Fourth day of June 1998\n\nSCHEDULE\n\nCONVERSION FACTORS REQUIRED UNDER PSS RULE 12.2.10\n\n| Age in completed years at date of commencementof pension | Conversionfactor |\n| -------------------------------------------------------- | ---------------- |\n| 15 | 23.8 |\n| 16 | 23.8 |\n| 17 | 23.8 |\n| 18 | 23.7 |\n| 19 | 23.6 |\n| 20 | 23.6 |\n| 21 | 23.5 |\n| 22 | 23.4 |\n| 23 | 23.3 |\n| 24 | 23.3 |\n| 25 | 23.2 |\n| 26 | 23.1 |\n| 27 | 23.0 |\n| 28 | 22.9 |\n| 29 | 22.8 |\n| 30 | 22.7 |\n| 31 | 22.6 |\n| 32 | 22.4 |\n| 33 | 22.3 |\n| 34 | 22.2 |\n| 35 | 22.1 |\n| 36 | 21.9 |\n| 37 | 21.8 |\n| 38 | 21.6 |\n| 39 | 21.5 |\n| 40 | 21.3 |\n| 41 | 21.1 |\n| 42 | 21.0 |\n| 43 | 20.8 |\n| 44 | 20.6 |\n| 45 | 20.4 |\n\nSCHEDULE (cont.)\n\nCONVERSION FACTORS REQUIRED UNDER PSS RULE 12.2.10 (cont.)\n\n| Age in completedyears at date of commencementof pension | Conversionfactor |\n| ------------------------------------------------------- | ---------------- |\n| 46 | 20.2 |\n| 47 | 20.0 |\n| 48 | 19.7 |\n| 49 | 19.5 |\n| 50 | 19.3 |\n| 51 | 19.0 |\n| 52 | 18.8 |\n| 53 | 18.5 |\n| 54 | 18.2 |\n| 55 | 17.9 |\n| 56 | 17.7 |\n| 57 | 17.3 |\n| 58 | 17.0 |\n| 59 | 16.7 |\n| 60 | 16.4 |\n| 61 | 16.0 |\n| 62 | 15.7 |\n| 63 | 15.3 |\n| 64 | 15.0 |\n| 65 | 14.6 |\n| 66 | 14.2 |\n| 67 | 13.8 |\n| 68 | 13.4 |\n| 69 | 13.0 |\n| 70 | 12.6 |","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"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument does not change who is covered by the PSS or by surcharge rules; it implements rule 12.2.10 by specifying conversion factors for calculating pension reductions. The only substantive scope adjustment in the text is an explicit exclusion for pensions payable as a result of a member's death (cl.5(2))."},"complexity_factors":["Purely administrative numeric table (Schedule) — low legal complexity","Requires actuarial advice to set figures (cl.3) — technical input needed","Age‑graded factors introduce numerical precision and potential calculation issues","Specific exclusion for death‑related pensions (cl.5(2)) — narrow carve‑out","Relies on existing PSS Rules and Superannuation Act for legal effect (cl.4)"],"plain_english_summary":"This Determination (effective 15 May 1998) sets the age‑based conversion factors, advised by an actuary, that the PSS Board will use to convert Surcharge Deduction Amounts into pension reductions under PSS rule 12.2.10 (cl.1–5, schedule). The schedule gives a declining factor by age and expressly excludes pensions payable because of a member’s death (cl.5(2)). It therefore affects pension recipients whose benefits may be reduced to discharge surcharge liabilities and assigns the Board the implementation role (cl.3)."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument remains tightly scoped to its original purpose: providing actuarial conversion factors for surcharge deduction calculations. It has not expanded beyond this specific technical function."},"complexity_factors":["Only 2 defined terms in the interpretation section ('Act' and 'Rules')","Single purpose instrument with straightforward structure (citation, commencement, purpose, interpretation, schedule)","No nested exceptions—only one simple exclusion in clause 5(2) regarding death benefits","No cross-referencing to other legislation beyond basic incorporation of the Superannuation Act 1990 and PSS Rules","Content is essentially a data table with minimal legal machinery","Total length is approximately 2 pages with no conditional logic beyond the single exception"],"plain_english_summary":"This 1998 PSS Board instrument sets the conversion factors used to reduce a PSS pension when a member chose to discharge their superannuation surcharge liability by accepting a permanent pension cut. It applies to PSS members retiring 1998–2005 and matters because those actuary‑calculated factors determined the cash-equivalent size of pension reductions for affected public servants."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1","history":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1/history","analysis":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1/analysis","conflicts":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1/conflicts","importantCases":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1/important-cases","documents":"/api/acts/superannuation-pss-surcharge-deduction-amount-conversion-factors-determination-no-1/documents"}}