Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1) (74 of 2007)

Schedule 3   Amendments commencing on 1 July 2007

[44]   Subregulation 6.20 (3)

substitute

(3) 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.