Document ID: chunk:federal_register_of_legislation:C2010C00599:clause:1_203d
Version: federal_register_of_legislation:C2010C00599
Segment Type: clause
Provision Reference: sch 1 cl 203D
Character Range: 4723–5169

203D  Assignments or commutations of tax‑exempt lump sums are not effective

 (1) A purported assignment of the right to receive a lump sum that is, at the time of the purported assignment, a tax‑exempt lump sum is not effective at law.

 (2) A purported commutation, or other early cashing‑out, of the right to receive a lump sum that is, at the time of the purported commutation or cashing‑out, a tax‑exempt lump sum is not effective at law.