Document ID: chunk:federal_register_of_legislation:F2021C00237:reg:7:p30
Version: federal_register_of_legislation:F2021C00237
Segment Type: reg
Provision Reference: reg 7 (pt 30/46)
Character Range: 117072–119771

policy.
 4.1.3A Where a person who has been provided with death and invalidity cover under Rule 4.1.2 dies, or makes an application for a claim against their invalidity cover, CSC must make a claim against the policy providing the death and invalidity cover.
Note:  CSC may determine the terms and conditions that apply to an application for a claim against an invalidity insurance policy for persons holding invalidity cover under Rule 4.1.2.

 4.1.3B Any amount paid by an insurance company to CSC in response to a claim under Rule 4.1.3A against a policy providing death and invalidity cover must be paid into the PSSAP Fund and is credited to the personal accumulation account of the PSSAP member.
 4.1.4 Any amount paid by an insurance company to CSC in response to a claim under Rule 4.1.3 against a policy providing death and invalidity cover must be paid into the PSSAP Fund and is credited to the personal accumulation account of the ordinary employer‑sponsored member.

   Death and invalidity cover premiums

 4.1.5 All premiums for death and invalidity cover are to be paid by CSC from the PSSAP Fund.
 4.1.6 Subject to Rule 4.1.7, the premium for death and invalidity cover provided in respect of a PSSAP member is the amount determined by CSC, being the same amount as the amount of premium specified in the death and invalidity cover policy, and must be deducted from the personal accumulation account of the person.
 4.1.7 Where a premium payable for death and invalidity cover is more than the amount in the personal accumulation account of the PSSAP member, Rule 4.1.6 shall not apply.

   Cessation of death and invalidity cover

 4.1.8 The death and invalidity cover of a PSSAP member ceases in the circumstances set out in the terms and conditions agreed between CSC and the relevant insurance company or companies, but subject to the requirements of the SIS Act.
 4.1.9 Subject to the SIS Act, a PSSAP member may elect to cease their death and invalidity cover, in accordance with terms and conditions determined by CSC, which may include the amount of notice that must be given, and whether the member may elect to cease cover.

Division 3  Income protection cover

   CSC may arrange and offer insurance for income protection cover

 4.3.1 CSC may take out a policy or policies with an insurance company or companies in its name to provide income protection cover for PSSAP members. An income protection cover policy is to be on the terms and conditions, including the circumstances, agreed between CSC and the relevant insurance company, subject to the requirements of the SIS Act.
 4.3.2 A PSSAP member may be offered income protection cover subject to the terms and