A Deduction for Moneys Owing

1.4.92 If the Member at the time the Member becomes entitled to payment of any benefit under the Plan shall be indebted to the Plan for moneys provided in advance of a benefit or in lieu of a benefit, the amount of indebtedness shall, unless the Trustee decides to the contrary, be deducted from the benefit otherwise payable and shall be applied by the Trustee in making good the indebtedness.

1.4.92

_{5A. INSURANCE BENEFITS}

26.7.94 5A.1 The amount and nature of cover under any insurance policy shall be determined by the Trustee having regard to the Applicable Requirements and shall be subject to the terms of the

insurance policy or policies taken out by the Trustee to provide the relevant cover under any insurance policy and no payment shall be required to be made in respect of a Member in satisfaction of any cover under any insurance policy that is greater than the amount received by the Trustee under the insurance policy in respect of that Member.

20.8.93 24.9.97

5A.2 (a) A Member is only entitled to the benefit of insurance cover as is set out in the insurance policy, if any, held by the Trustee.

(b) A Member is bound by the terms of the insurance policy.

(c) The benefit of any insurance cover shall cease in accordance with the terms set out in the insurance policy or if rule 5A.3 applies, then the benefit of the insurance cover will cease in terms of rule 5A.3.

27.6.94 5A.3 Any insurance cover shall cease:

21.6.96 (a) in accordance with the terms contained in the policy of insurance with the insurer and set out in the Member Information attached to the Member Application;

(b) on written notice to the Trustee given by the Member;

(c) on the Trustee determining that it is not reasonably practicable to obtain or renew a policy of life insurance on terms acceptable to the Trustee;

(d) the insurer for any reason terminates a policy of life insurance, or terminates the cover for the Member; or

(e) the amount standing to the credit of a Member’s Retirement Account is insufficient to pay the costs attributable to that Member of providing that cover.

18.2.13 5A.4 Subject to the Applicable Law, insurance cover applying to a Member may change: (a) on transfer from one Division to another;

(b) on transfer from one product in Division I to another product in Division I; or (c) upon an Employer-sponsored Member ceasing to be employed by an Employer, depending on the terms of the insurance policy or policies.

24.9.97

19.12.97

6.

RETIREMENT BENEFITS

If the Member retires:

(a) on or after attaining the Member’s preservation age; and 24.4.03

27.6.94

(b) upon tendering satisfactory evidence to the Trustee as to the Retirement of the Member the benefit payable shall, subject to rule 5, be an amount equal to the Member’s Retirement Account.

7.

PAYMENT OF RETIREMENT BENEFITS

The benefit referred to in rule 6 shall be paid to the Member either as a capital sum or in such other manner as the Member may elect and without limiting the generality of the foregoing the Member may elect that the whole or part of the benefit payable be utilised by the Trustee to provide for payment of an annuity to the Member of such nature as the Trustee and the Member agree.

30.11.90

19.12.97

8.

DEATH BENEFITS

8.1 Death

On the death of a Member the benefit payable shall be an amount equal to the aggregate of: 6.8.09 (a) the amount standing to the credit of that Member’s Retirement Account as at the date

upon which payment is made; and

24.9.97 (b) the amount, if any, payable in respect of the insurance cover applying to the Member.

9.

PAYMENT OF DEATH BENEFITS

20.12.12 9.1 Trustee discretion

If the Member dies the Trustee shall pay or apply the benefits payable in accordance with this Deed and the Rules to or for the benefit of such one or more Dependants of the deceased Member and the Legal Personal Representative of the deceased Member and in such shares and proportions and in such manner as the Trustee in its discretion determines and without limiting the generality of the foregoing the Trustee may utilise the whole or part of the benefit payable to provide for payment of an annuity (to any one or more of the Dependants of the deceased Member) of such nature as the Trustee in its discretion determines.

20.12.12 9.1A Binding Nominations

9.1A.1 To the extent permitted by the Applicable Requirements, the Trustee may permit a Member to direct the Trustee (by a written notice in a form approved by the Trustee from time to time) to pay all or any part of the Member's death benefit to such of the persons referred to in rule 9.1, and in such proportions, as is specified in the notice (Binding Nomination).

9.1A.2 A Member may:

(a) revoke a Binding Nomination at any time; and

(b) where the Trustee so permits, may give a new or replacement Binding Nomination at any time.

9.1A.3 If the Trustee has permitted a Death Benefit Nomination pursuant to rule 9.1A.1, the Trustee must pay the Member's death benefit in accordance with a Binding Nomination provided the Binding Nomination is not invalid and the Trustee is permitted to do so under the Applicable Requirements.

9.1A.4 The Trustee may from time to time specify rules, conditions and restrictions relating to Binding Nominations which must be complied with by the Member in order for a Binding Nomination to be valid. The Trustee may vary or revoke all or any of such rules, conditions or restrictions from time to time in its absolute discretion.

9.1A.5 A Binding Nomination is invalid if:

(a) any of the persons nominated in the Binding Nomination is not a Dependant or the Legal Personal Representative of the Member or, before the death of the Member, has died or has ceased to be a Dependant;

(b) the proportions specified in the Binding Nomination do not amount to 100% of that part of the Member's death benefit that is the subject of the Binding Nomination;

(c) the Binding Nomination is incomplete or is otherwise not completed in accordance with the requirements of the Trustee;

(d) the Binding Nomination ceases to have effect under, or does not satisfy the requirements of, the Applicable Requirements; or

(e) as may be set out in the Binding Nomination Guidelines.

27.6.94 9.2 Complaint to delay Payment

The Trustee shall have no obligation to make any payment of Benefits on the death of a Member until:

(a) the time to lodge a Complaint by the Dependants notified by the Trustee under the Complaints Act has lapsed; and

(b) if a Complaint is lodged under the Complaints Act, that Complaint has been dealt with.