Superannuation Industry (Supervision) Regulations 1994
A member ' s unrestricted non-preserved benefits in a regulated superannuation fund may be cashed at any time.
6.20(2) [Amount that may be cashed]The amount of unrestricted non-preserved benefits that may be cashed in accordance with subregulation (1) is the whole or part of the member ' s unrestricted non-preserved benefits in the fund.
6.20(3) [Form in which benefits may be cashed]Subject to subregulation (4), the form in which unrestricted non-preserved benefits may be cashed under this regulation is, unless the cashing occurs in consequence of the death of the member, any one or more of the following forms:
(a) one or more lump sums;
(b) one or more pensions;
(c) the purchase of one or more annuities.
Note: For the cashing requirement applying on the death of the member, see regulation 6.21 .
View history note
Hide history noteA lump sum mentioned in paragraph (3)(a) must be payable not later than the time for the payment of a lump sum mentioned in paragraph 6.21(2)(a) .
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