From www.fssuper.com.au: The Federal Government has quietly started reforming legacy pensions.

Following the September 2024 release of draft regulations the Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 has now been officially registered and took effect as of 7 December 2024.

This signifies the beginning of a five-year commutation window, which will end on 6 December 2029.