Dave, 40, (a dependant under super rules, but a non-dependant under tax rules) has just received a superannuation inheritance on behalf of his recently deceased 76 year old father. His father had a superannuation account with a balance of $82,000 ($12,000 tax free, $70,000 from a taxed source).

2. What options does Dave have for payment of the funds?
4. Explain the tax consequences on payment.