Indeed. Unless you give 1 point per level to all subscriber-owned characters with less than 80 total AA, to a maximum of 80 total AA, if you catch my meaning.
So a level 40 will get the 39 AA he would normally have...
A level 80 with 20 AA would get 60 AA...
A level 80 with 81 AA would get nothing.
But you have people who get paid to figure stuff like this out...crack the whip!!