27
CurrentChoice by surviving spouse under 60 to convert pension to lump sum
Part 2Benefits for incapacity of invalid
Division 3Surviving spouse’s benefit after death of invalidity pensioner
Subdivision BChoosing to convert invalid’s spouse pension to lump sum
27 Choice by surviving spouse under 60 to convert pension to lump sum
(1)
The surviving spouse of an invalid who dies may choose, within 6 months of the death, to receive a lump sum instead of invalid’s spouse pension, if the spouse is under 60.
Note:
Section 55 also deals with making a choice.
(2)
If the spouse makes the choice, the amount of the lump sum is 16.5 times the annual amount of the pension for the spouse worked out under subsection 26(2) (as affected by section 39 and subsection 26(4), if relevant).
This Act’s bill:Explanatory memorandumSecond reading speech
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