Document ID: chunk:federal_register_of_legislation:F2021C00237:reg:7:p29
Version: federal_register_of_legislation:F2021C00237
Segment Type: reg
Provision Reference: reg 7 (pt 29/46)
Character Range: 114600–117308

or
           (c) where paragraphs (a) and (b) do not apply, CSC may pay the pension account balance in such manner and in such proportions as it determines, as permitted or required by the SIS Act.
 3.6.15 On the death of a reversionary beneficiary, any remaining pension account balance will be paid as determined by CSC, subject to the SIS Act.

PART 4 — INSURANCE

Division 1  Death and invalidity cover

   CSC may arrange and offer insurance for death and invalidity

 4.1.1 CSC may take out a policy or policies with an insurance company or companies in its name to provide death and invalidity cover for PSSAP members. A death and invalidity 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.
Note:  Rule 2.1A.4 may require CSC to take out such a policy or policies in relation to persons who hold a MySuper product, in respect of their MySuper product.

 4.1.2 Subject to the SIS Act, a PSSAP member may be offered death and invalidity cover subject to the terms and conditions of the policy taken out pursuant to Rule 4.1.1, unless the insurance company does not provide cover in respect of the member under that policy.

 4.1.2A Subject to the SIS Act, CSC may determine the terms and conditions of any death and invalidity cover provided to persons under Rule 4.1.2.
Note:  Terms and conditions determined by CSC under this rule may include the circumstances in which persons can cease to be covered and whether the member may elect to cease cover. Terms and conditions determined by CSC under this rule may also include any special requirements that apply in respect of persons who hold a MySuper product, consistent with the SIS Act.

   Claims by CSC

 4.1.3 Where an ordinary employer‑sponsored member dies, an application for approval of the member's invalidity retirement is made under Rule 3.3.1 or the member makes a benefit application under Rule 3.1.1(aa), CSC:
            (a) may make a claim against the policy providing the death and invalidity cover; and
            (b) must make a claim against the policy providing the death and invalidity cover if:
              (i)  this is permitted under the policy; and
              (ii) the member is unable to make a claim or has requested that CSC do so on their behalf;

 unless the insurance company does not provide cover in respect of the member under that 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