Condition of Release

Relates to super. A condition of release is being able to tick a box to say you have met a certain status and can therefore access your super. Examples are retiring or reaching age 65. This is only half of the equation as you also have to be old enough which is called your preservation age. Sorry to everyone out there who were┬áracing to retire at 25 and access their super. You’d better read the section on preservation age first.