7A.03E
CurrentRequest for lump sum payment
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 7ASuperannuation interests subject to payment split
Division 7A.1AOptions for trustee in relation to interests
7A.03E Request for lump sum payment
If:
(a)
the non‑member spouse has satisfied a relevant condition of release; or
(b)
the original interest:
(i)
is an allocated pension, market linked pension or account‑based pension; or
(ii)
comprises only unrestricted non‑preserved benefits;
the non‑member spouse may request the trustee to pay the withdrawal benefit from the non‑member spouse interest to the non‑member spouse as a lump sum.
This Act’s bill:Explanatory statement
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