Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) A member's unrestricted non - preserved benefits in a regulated superannuation fund may be cashed at any time.
(2) The amount of unrestricted non - preserved benefits that may be cashed in accordance with subregulation (1) is the whole or part of the member's unrestricted non - preserved benefits in the fund.
(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.
(4) A lump sum mentioned in paragraph (3)(a) must be payable not later than the time for the payment of a lump sum mentioned in paragraph 6.21(2)(a).