9Beneficiary under policy or certificate

9 Beneficiary under policy or certificate (1) Subject to this regulation, a beneficiary entitled to be indemnified under a policy, or to be paid an amount under a certificate, must be a current owner of the land or building described in the policy or certificate. (2) A trustee of a trust under which a builder in relation to guaranteed work may benefit from the cover given by a policy or certificate issued for the work cannot be a beneficiary under the policy or certificate. (3) Defence Housing Australia cannot be a beneficiary under a policy or certificate in relation to a claim for non-completion of the guaranteed work specified in the policy or certificate. Chapter 2 Authorised RBI policies Part 2.1 Matters to be included in policy