11QAllocation of member contributions

11Q Allocation of member contributions

(1) If the Fund has, or will have, more than one Investment Division, a unitised member may nominate to CSC the Investment Division or Investment Divisions to which contributions by the member should be allocated, from the day specified in the nomination.

Note: An investment nomination received under expired subrule 112(3) and in force immediately before Part 15 expired continues in force as if the nomination had been made under this subrule.

(3) Subject to rule 11QA, CSC must, as far as possible, comply with a unitised member’s investment nomination. (4) A unitised member may change an investment nomination at any time. (5) If CSC: (a) has not received an investment nomination from a unitised member; or (b) cannot comply with an investment nomination in relation to all or part of a member’s contribution because the nomination is defective, or because one or more of the Investment Divisions have changed; CSC must allocate the member’s contributions, or the part of the member’s contributions, to the default Investment Division. (6) 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.