Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p15
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 15/83)
Character Range: 437584–440339

to CSC in response to a claim against a life policy must be paid into the Fund and thereafter be treated as an employer contribution in relation to the former member in the calculation of benefits.

           Note:  When a claim by CSC arises against a life policy, the benefit is applied in the form of the additional cover multiple under Rules 5.2.9, 5.2.10, 5.3.9 and 5.3.10.

Division 4

Additional cover premiums by members
10.4.1 A member with additional death and invalidity cover must pay an additional cover premium on each contribution day, or at alternative times determined by CSC, occurring during the period the cover is applicable.
10.4.2 A member with additional death and invalidity cover is required to pay additional cover premiums at a fortnightly rate of:
         (a) if he/she has been assessed as a standard risk by the relevant life assurance company, half the fortnightly premium applicable to his/her cover; or
         (b) if he/she has been assessed as not being a standard risk by the relevant life assurance company, the sum of:
             (i) half the fortnightly premium that would have been applicable to his/her cover if he/she had been assessed as a standard risk; and
             (ii) the amount of any additional fortnightly premium applicable to his/her cover because he/she has been assessed as not being a standard risk;

unless he/she is on leave of absence without pay that is not an excluded period of leave of absence when, if he/she has not notified CSC under Rule 10.3.10(b) that he/she no longer wishes to have additional death and invalidity cover, he/she is required to pay the entire fortnightly premium applicable.

        Note:  A person on leave without pay exceeding 12 weeks that is an excluded period of leave of absence under rule 4.2.1 is required to pay normal member contributions and additional cover premiums.  If the period of leave without pay is more than 12 weeks but is not an excluded period, normal member contributions are not required or permitted but additional cover premiums may continue to be paid.

Additional cover premiums by employers
10.4.3 The designated employer of a member with additional death and invalidity cover must pay one half of the fortnightly premium applicable to the member had he/she been assessed as a standard risk each fortnight, unless the member is on leave of absence without pay that is not an excluded period of leave of absence.  Payments must be made on each contribution day occurring during the period the cover is applicable, or at the alternative times during the period of cover determined by CSC.

CSC to advise additional cover premium rates
10.4.4 When the additional cover starts, CSC will advise a member with additional death and