Document ID: chunk:federal_register_of_legislation:C2022C00261:section:52:p34
Version: federal_register_of_legislation:C2022C00261
Segment Type: section
Provision Reference: s 52 (pt 34/48)
Character Range: 112475–115000

specified in that paragraph:
     (c) CSC decides that by reason of the person's physical or mental incapacity, the person has become unlikely ever to be able to work again in employment for which he or she is reasonably qualified by education, training or experience or for which the person could reasonably be qualified after retraining—on the date on which CSC so decided;
     (d) the person intends to leave Australia permanently and CSC is satisfied that that intention will be carried out—on the date on which CSC became so satisfied;
     (e) the Insurance and Superannuation Commissioner approves the payment of the benefit in other circumstances—the date which is the later of:
          (i) the date of the approval; or
          (ii) the date on which the circumstances apply.
Payment of employer benefit included in preserved benefit to person who has attained 55 years of age
52. Where a preserved benefit is applicable to a person who has attained the age of 55 years, he or she may, at any time:
     (a) elect to have that preserved benefit paid to him or her as a lump sum and if he or she so elects the benefit is payable to him or her; or
     (b) instead of the employer benefit included in the preserved benefit being paid to him or her, elect that it be converted into a pension payable to him or her and if he or she so elects:
          (i) the employer benefit is so converted; and
          (ii) the member benefit (if any) included in the preserved benefit is payable to the person as a lump sum; or
     (c) instead of the employer benefit being paid in full to him or her, elect that a specified part of the employer benefit, being not less than one half of the employer benefit, be converted into a pension payable to him or her and if he or she so elects:
          (i) that part of the employer benefit is so converted; and
          (ii) the balance of the preserved benefit is payable to him or her as a lump sum.
Compulsory payment of preserved benefit to person on attaining 65 years of age
53. Where a person in relation to whom a preserved benefit is applicable does not make an election under paragraph 52 (b) or (c) on or before attaining the age of 65 years, the preserved benefit is payable to the person as a lump sum.
Payment of deceased former member's preserved benefit
54. (1) Upon the death of a person who had been a member but at the time of his or her death was not a member or a retirement pensioner (in this rule called the "deceased former member"), his or her preserved