Section 23

An individual who is a member of the PSE Fund or, if the individual is below 21 years of age, any parent of that individual, may by notice given to the PSE Scheme Administrator donate all or part of the sum standing to the individual’s credit in his or her PSE account to a prescribed charity of the individual’s or parent’s choice (as the case may be), being a charity whose objects are exclusively or primarily for the advancement of education.

Upon receiving the notice in subsection (1), the PSE Scheme Administrator may authorise the payment of the sum, as stated in the notice, to the prescribed charity.

In this section, “charity” means a charity within the meaning of section 2(1) of the Charities Act 1994, whether or not registered under that Act.[16DA