Yes.  The Australian Taxation Office (ATO) has released Self Managed Superannuation Fund Determination 2013/2 (SMSFD 2013/2) stating:

1.  When a member is receiving an account based pension; and

2.  Elects to receive a lump sum payment; and

3. The pension is not a Transition to Retirement Income Stream (TRIS). The member can count their Lump Sum payment towards there minimum annual amount required by paragraph 10.06(9A) (a) Superannuation Industry Supervision Regulations 1994.

Minimum pension payments refer. http://mcnamaraandco.com/news/2013/06/important-considerations-for-self-managed-superannuation-funds-smsf-for-the-end-of-the-financial-year/

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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