On the day that it is approved, that is the value they’re...

On the day that it is approved, that is the value they’re entitled too receive.

Irrespective of the value that the Super fund gets converting their request into cash.

The conversion may result in the value that is less than then what was approved by the fund.
Yet the applicant will receive the approved amount!

I'm not an expert but that is my understanding of the rules!