pension lump sum proceedure?, page-2

Somebody else might like to comment on whether there is any practical difference between lump sum and income stream (for the 60 and overs - I won't be moving from accumulation phase until I reach 60, so my vision is rather narrow) given there is no maximum figure for the income stream which may be varied at any time.

see

http://www.ato.gov.au/corporate/content.asp?doc=/content/00102268.htm&pc=001/001/007/011&mnu=&mfp=&st=&cy=1

for an ATO discussion on this issue. If you are 60 and over and don't have a taxable component (which is not likely) then it looks like you don't have to submit anything to the ATO.