25H—Operation of insurance and income protection provisions
(1) This regulation
applies to—
(a) a
person who has made or varied a fund selection or given a direction under
section 21G of the Act; and
(b) a
person to whom section 21 of the Act applies, as if the person had not
made a fund selection, by virtue of the operation of section 21F of the
Act.
(2) Part 3 and
any other regulation relevant to insurance and income protection cover operate
in relation to a person to whom this regulation applies, subject to
regulation 25I.
(3) A premium for
insurance or income protection cover paid or payable by a person to whom this
regulation applies may be refunded or waived (as the case requires) in
circumstances determined by the Board.