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Substitution of annuity for pension.
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7.—(1) Where—
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(a) a pension granted under this Act to a dependant of a person is payable, and
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(b) the dependant has not attained the age of twenty-one years,
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the Minister may substitute for the pension (disregarding any payments already made) an annuity which—
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(I) is payable for whichever of the following periods is the shorter:
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(i) the period beginning on the date of the substitution and ending on the date of the death of the dependant,
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(ii) the period beginning on the date of the substitution and ending on such date, not earlier than five years after the date of the substitution, as may be determined by the Minister, and
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(II) is of such value as, on the date of the substitution, is actuarially equivalent (in accordance with such tables as, on the date of the substitution, stand approved of by the Minister for the purposes of this section) to the pension (disregarding any payments already made).
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(2) The following provisions shall have effect for the purposes of substitutions under subsection (1) of this section:
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(a) a substitution shall not be made save on the request of the parent or guardian of the dependant,
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(b) a substitution shall not be made unless the Minister decides that the dependant is in good health,
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(c) for the purpose of deciding as to the health of the dependant, the Minister may require the dependant to undergo medical examination and the parent or guardian of the dependant shall be responsible for payment of the fee for the examination,
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(d) subject to the foregoing paragraphs of this subsection, the making of a substitution shall be at the discretion of the Minister.
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