49C
CurrentCommutation of small associate pension
Part VIAFamily law superannuation splitting
Division 2Benefits for non‑member spouse
49C Commutation of small associate pension
(1)
If the annual rate of associate pension to which the non‑member spouse becomes entitled is less than the amount determined under the Orders, then the non‑member spouse may elect to commute the pension.
(2)
The election must be made in writing to CSC not later than 3 months after the non‑member spouse becomes entitled to the pension.
(3)
If the non‑member spouse makes the election, then the non‑member spouse is entitled instead to a lump sum equal to the transfer amount.
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