1.1.C.280 Compulsorily preserved superannuation benefits (CPSB)


This definition applies to all payments.


CPSB are superannuation benefits to which income support recipients are denied access until retirement after age 55 UNLESS:

  • severe financial hardship (1.1.S.120) exists, or
  • other conditions are met, such as permanent incapacity.

Explanation: The provision first appeared in the Occupational Superannuation Standards Act, since replaced by the Superannuation Industry (Supervision) Act 1993.

Policy reference: SS Guide Early Release of Superannuation

Last reviewed: