What is the time limit for making a choice to convert periodic payments to a lump sum?

You will have six months from the date the DVA Permanent Impairment (PI) offer was made to you to convert any periodic payment into a lump sum.

DVA can extend this time limit if there are special circumstances.

Until a choice is made, periodic payments will continue to be made on a fortnightly basis. These will be subtracted from the lump sum if you chose to take one later.

If a choice is not made within the six month period, the periodic payments will continue and you will no longer have the option to convert payments into a lump sum.

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