29Commutation of allowance of disabled member already 55 or older

29 Commutation of allowance of disabled member already 55 or older

29 Commutation of allowance of disabled member already 55 or older

(1) A person who—

(a) is entitled to a superannuation allowance to which section 14K applies, and

(b) has not previously commuted the allowance under that section, and

(c) had attained the age of 55 before the commencement of section 14K, as inserted by the Superannuation Legislation Amendment Act 2006, and

(d) is not 60 years of age or older,

may commute the whole or part of that allowance, in accordance with section 14K, on that commencement.

(2) The date on which an election under subclause (1) is to take effect is to be the day of that commencement.