Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:3_45
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 3 cl 45
Character Range: 483284–483981

45  Method—no restriction on combination of lump sum and pension that may be taken
 (1) This clause applies if there is no provision in the governing rules of the eligible superannuation plan in which the interest is held restricting the proportion of the interest that may be taken as a lump sum or as a pension.
 (2) The method is:
where:
PVls means the present value of the lump sum that would apply if the whole benefit were to be taken as a lump sum, calculated using the method set out in Part 6 of this Schedule.
PVp means the present value of the pension that would apply if the whole benefit were to be taken as a pension, calculated using the method set out in Part 7 of this Schedule.