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Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
45Lump sum benefit may be taken as allocated pension
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45 Lump sum benefit may be taken as allocated pension
If a member to whom this Part applies or his or her surviving partner is in receipt of a lump sum benefit, he or she may elect to transfer all or part of that benefit –
(a) to an account in a superannuation fund elected by that member; or
(b) if an election is not made under paragraph (a) within a reasonable period determined by the Commission – to an eligible rollover fund chosen by the Commission.