Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) In this Part and Schedule 1, non - commutable allocated pension means a pension provided under rules of a superannuation fund that:
(a) meet the standards of subregulation 1.06(4); and
(b) ensure that, if the pension is commuted, the resulting superannuation lump sum cannot be cashed unless:
(i) the purpose of the commutation is mentioned in subregulation (2); or
(ii) before commutation, the pensioner has satisfied a condition of release in respect of which the cashing restriction for preserved benefits and restricted non - preserved benefits is "Nil"; or
(iii) the purpose of the commutation is to satisfy an obligation to pay an amount to the Commissioner of Taxation under subsection 20F(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 .
(2) For subparagraph (1)(b)(i), the purpose is any of the following:
(a) to cash an unrestricted non - preserved benefit;
(b) to pay a superannuation contributions surcharge;
(c) to give effect to an entitlement of a non - member spouse under a payment split;
(d) to ensure that a payment may be made under Division 131 or 135 in Schedule 1 to the Taxation Administration Act 1953 , or section 292 - 80C of the Income Tax (Transitional Provisions) Act 1997 , for the purpose of giving effect to a release authority.