Appointment of plan nominee
86 Appointment of plan nominee
The CEO may, in writing, appoint a person to be a plan nominee of a participant for the purposes of this Act.
The CEO must make the appointment in accordance with section 88.
An appointment may be made:
at the request of the participant; or
on the initiative of the CEO.
An appointment may limit the matters in relation to which the person is the plan nominee of the participant.
An appointment may provide that it has effect for a specified term.
Without limiting the manner of specifying a term for the purposes of subsection (4), it may be specified by reference to the expiry of a specified period or the occurrence of a specified event.
To avoid doubt, the CEO may appoint more than one person to be a plan nominee of a participant for the purposes of this Act.
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