Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 10   Administrative streamlining

Part 4   Early release of benefits

Superannuation Act 1976

103   After subsection 79B(1)

Insert:

(1A) A lump sum may be paid in compliance with a release authority issued to CSC under section 131-15 in Schedule 1 to the Taxation Administration Act 1953 for the benefit of the following persons:

(a) an eligible employee;

(b) a deferred benefit member;

(c) a person who has made an election under section 110T (postponement of benefits).