The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

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

Usage

This definition applies to all payments.

Definition

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 4.8.2.20 Early Release of Superannuation

Last reviewed: 8 May 2017

The Australian Government acknowledges Aboriginal and Torres Strait Islander peoples throughout Australia and their continuing connection to land, water, culture and community. We pay our respects to the Elders both past and present.