1Superannuation (PSS) Maximum Benefits (2023-2024) Determination 2023

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Superannuation (PSS)

Maximum Benefits (2023-2024)

Determination 2023

 

 

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I, 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:

 

Dated   14 June 2023

 

 

 

 

 

 

 

 

J BROWN

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

 

This Determination is the Superannuation (PSS) Maximum Benefits

(2023-2024) Determination 2023.

 

 

2 Commencement

 

  This determination takes effect on 1 July 2023.     

 

 

3 Maximum Benefits – Lump Sums

 

For 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:

 

• Table – Maximum Benefits
• Average Salary Maximum Benefit
• Less than $85,000.00 $850,000.00
• $85,000.00 and over 10 times average salary

 

 

4                    Maximum Benefits – AFP Lump Sums

 

For 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: