Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:51:p2
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 51 (pt 2/2)
Character Range: 112185–113300

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
 (b) 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.
 (3) Subrule (2) does not apply to a person whose employer benefit is less than the amount prescribed in rule 65B.
 (4) Subrule (2) does not apply to a person if:
 (a) the person ceased to be a member because he or she chose to become an ADF Super member; and
 (b) invalidity pension is payable to the person under the Australian Defence Force Cover Act 2015; and
 (c) the person has not turned 60.