Commonwealth Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1948 - SECT 22CF

  (1)   If:

  (a)   the annual rate of associate immediate annuity that becomes payable to the non - member spouse is less than the amount determined under the Orders; or

  (b)   the annual rate of associate deferred annuity that becomes payable to the non - member spouse is less than the amount determined under the Orders;

then the non - member spouse may elect to commute the annuity.

  (2)   The election must be made in writing to the Secretary not later than 3 months after the annuity becomes payable.

  (3)   If the non - member spouse makes the election, then the non - member spouse is entitled instead to:

  (a)   if paragraph   (1)(a) applies--a lump sum equal to the transfer amount; or

  (b)   if paragraph   (1)(b) applies--a lump sum calculated under the Orders.