246C
CurrentBoard must approve period for which limited binding death benefit nominations remain in force
Part 8General
Division 1Benefits
246C Board must approve period for which limited binding death benefit nominations remain in force
(1)
In this regulation —
limited binding death benefit nomination means a binding death benefit nomination under regulation 48, 80, 121, 194, 196U or 219, other than a binding death benefit nomination that includes a statement that the nomination is to remain in force indefinitely.
(2)
The Board must approve the period for which limited binding death benefit nominations are to remain in force.
(3)
The Board may revoke an approval under subregulation (2) by a subsequent approval under that subregulation.
[Regulation 246C inserted: SL 2021/49 r. 19.]
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