Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subsection 213(2) has effect in relation to a friendly society as if all the words in that subsection after paragraph (b) were omitted and the following words substituted:
the friendly society may register the applicant as the owner of the policy, provided that the approved benefit fund rules allow for registration in the circumstances mentioned in paragraph (1)(a) and that the requirements of the rules are followed.
(2) Subsection 213(3) has effect in relation to a friendly society as if the words "The company may endorse the policy" in that subsection were omitted and the words "However, the friendly society may register the applicant" were substituted.