Document ID: chunk:federal_register_of_legislation:C2020C00213:clause:2_3:p2
Version: federal_register_of_legislation:C2020C00213
Segment Type: clause
Provision Reference: sch 2 cl 3 (pt 2/2)
Character Range: 21348–21886

fund notice in writing that the member elects to have one or more benefits provided under the product or the products held by the member by taking out or maintaining insurance; and
 (b) the only benefits provided to the member under the product or products held by the member by taking out or maintaining insurance are covered by the election.
The notice mentioned in paragraph (a) has effect on and after the commencement day as if it were an election made under subsection 68AAA(2) of the Superannuation Industry (Supervision) Act 1993.