Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.24

Voluntary cashing of unrestricted non - preserved benefits in approved deposit funds

  (1)   Subject to regulation   6.27, a member's unrestricted non - preserved benefits in an approved deposit 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 a lump sum or 2 or more lump sums.

  (4)   A lump sum mentioned in subregulation   (3) must be payable not later than the time for the payment of a lump sum mentioned in subregulation   6.25(2).


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback