105Allocation of contributions

105 Allocation of contributions

(1) This rule applies to: (a) a member; and (b) a DFRDB member; and (c) a person taken to be making contributions under rule 110. (2) Subject to rules 105A and 105B, CSC must allocate contributions by a person to the Investment Division or Investment Divisions nominated by the person under their investment nomination and comply as far as possible with that nomination. (3) If CSC: (a) has not received an investment nomination from a person; or (b) cannot comply with an investment nomination in relation to all or part of a person’s contribution because the nomination is defective or because one or more of the Investment Divisions have changed; CSC must allocate the person’s contributions, or the part of the person’s contributions, to the default Investment Division. (4) Subject to rule 11R, a contribution to be allocated to an Investment Division in accordance with this rule must be allocated to the Investment Division as at the day that the contribution is received. (5) A person’s contribution allocated under this rule becomes ancillary benefit for the person.