sec.30Adjustment of multiples for particular standard defined benefit members

### sec.30 Adjustment of multiples for particular standard defined benefit members This section applies to an employed member or former employed member in the standard defined benefit category if— the member’s salary as at an annual review date is higher than the member’s previous annual review date salary; and the government superannuation officer appointed under section 33 , on the advice of an actuary, believes the increase in salary is, or includes, an unremunerative increase. The government superannuation officer may decide— that a relevant accrued multiple for the member, as at the annual review date, be an amount recommended by an actuary that— excludes the effect of the unremunerative increase; and does not otherwise affect the member’s benefits in the standard defined benefit category at the annual review date; or See also the Superannuation Industry (Supervision) Regulations 1994 (Cwlth) , regulation 13.16. not to take any action under this section in relation to the unremunerative increase. Before making a decision under subsection (2) , the government superannuation officer must consult with the trustee and the chief executive. The government superannuation officer’s decision under subsection (2) applies despite any other provision of this Act and anything in the deed. Each of the following terms used in this section have the meaning given by the deed— annual review date annual review date salary employed member salary For part 7 , the government superannuation officer’s functions include the functions under this section. In this section— relevant accrued multiple , for an employed member or former employed member, means a multiple used to work out a voluntary exit benefit for the member at an annual review date. total remuneration , of an employed member or former employed member, means the total remuneration paid for the member’s services, including salary and sums paid by way of fees or allowances. unremunerative increase , in relation to an employed member’s or former employed member’s salary, means an increase in salary that is not related to an increase in the member’s total remuneration. voluntary exit benefit , for an employed member or former employed member, means a benefit of the member in the standard defined benefit category under the deed that is— a benefit on age retirement for a member who has reached the age of 55 years; or a benefit on withdrawal for a member who is under the age of 55 years. s 30 prev s 30 amd 2000 No. 52 s 46 ; 2004 No. 42 s 31 ; 2005 No. 60 s 35 sch 1 om 2021 No. 20 s 47 pres s 30 (prev s 28A) ins 2016 No. 64 s 68 amd 2021 No. 20 s 44 (1) – (7) reloc and renum 2021 No. 20 s 44 (8) (sec.30-ssec.1) This section applies to an employed member or former employed member in the standard defined benefit category if— the member’s salary as at an annual review date is higher than the member’s previous annual review date salary; and the government superannuation officer appointed under section 33 , on the advice of an actuary, believes the increase in salary is, or includes, an unremunerative increase. (sec.30-ssec.2) The government superannuation officer may decide— that a relevant accrued multiple for the member, as at the annual review date, be an amount recommended by an actuary that— excludes the effect of the unremunerative increase; and does not otherwise affect the member’s benefits in the standard defined benefit category at the annual review date; or See also the Superannuation Industry (Supervision) Regulations 1994 (Cwlth) , regulation 13.16. not to take any action under this section in relation to the unremunerative increase. (sec.30-ssec.3) Before making a decision under subsection (2) , the government superannuation officer must consult with the trustee and the chief executive. (sec.30-ssec.4) The government superannuation officer’s decision under subsection (2) applies despite any other provision of this Act and anything in the deed. (sec.30-ssec.5) Each of the following terms used in this section have the meaning given by the deed— annual review date annual review date salary employed member salary (sec.30-ssec.6) For part 7 , the government superannuation officer’s functions include the functions under this section. (sec.30-ssec.7) In this section— relevant accrued multiple , for an employed member or former employed member, means a multiple used to work out a voluntary exit benefit for the member at an annual review date. total remuneration , of an employed member or former employed member, means the total remuneration paid for the member’s services, including salary and sums paid by way of fees or allowances. unremunerative increase , in relation to an employed member’s or former employed member’s salary, means an increase in salary that is not related to an increase in the member’s total remuneration. voluntary exit benefit , for an employed member or former employed member, means a benefit of the member in the standard defined benefit category under the deed that is— a benefit on age retirement for a member who has reached the age of 55 years; or a benefit on withdrawal for a member who is under the age of 55 years. - (a) the member’s salary as at an annual review date is higher than the member’s previous annual review date salary; and - (b) the government superannuation officer appointed under section 33 , on the advice of an actuary, believes the increase in salary is, or includes, an unremunerative increase. - (a) that a relevant accrued multiple for the member, as at the annual review date, be an amount recommended by an actuary that— (i) excludes the effect of the unremunerative increase; and (ii) does not otherwise affect the member’s benefits in the standard defined benefit category at the annual review date; or Note— See also the Superannuation Industry (Supervision) Regulations 1994 (Cwlth) , regulation 13.16. - (i) excludes the effect of the unremunerative increase; and - (ii) does not otherwise affect the member’s benefits in the standard defined benefit category at the annual review date; or Note— See also the Superannuation Industry (Supervision) Regulations 1994 (Cwlth) , regulation 13.16. - (b) not to take any action under this section in relation to the unremunerative increase. - (i) excludes the effect of the unremunerative increase; and - (ii) does not otherwise affect the member’s benefits in the standard defined benefit category at the annual review date; or Note— See also the Superannuation Industry (Supervision) Regulations 1994 (Cwlth) , regulation 13.16. - • annual review date - • annual review date salary - • employed member - • salary - (a) a benefit on age retirement for a member who has reached the age of 55 years; or - (b) a benefit on withdrawal for a member who is under the age of 55 years.