52QElection to commute deferred benefit

52Q Election to commute deferred benefit

52Q Election to commute deferred benefit

(1) A person who has made a valid election under section 52N (1) (a) may elect to commute the whole or part of his or her pension benefit in accordance with sections 21C and 21D, except that—

(a) sections 21C (5) and (6) and 21D (4) do not apply with respect to such an election, and

(b) the election must be made by the person within 3 months after his or her exit day.

(2) A person may not amend or withdraw an election to commute, in whole or in part, a deferred benefit made under this Division.

s 52Q: Ins 1990 No 99, Sch 3.