20Death of member before policy matures

20 Death of member before policy matures

20.1 If a member dies in the full-time service of the University before the policy matures, the University is to receive payment of the moneys payable under the policy from the life office and, subject to sections 18 and 19 and subsection 20.2, must pay those moneys, or the balance of those moneys, as the case may be:

 (a) to the designated beneficiary or, if there is more than one designated beneficiary, to the designated beneficiaries in such proportions as the member specified; or

 (b) to a person who the Council determines is to be regarded as being the designated beneficiary of the member; or

 (c) if there is no designated beneficiary and no person who is to regarded as being the designated beneficiary:

 (i) to the person to whom probate of the will or letters of administration of the estate or the member has or have been granted; or

 (ii) if, after a period considered by the Council to be reasonable, there is no such person referred to in subparagraph 20.1(c)(i)—to the next of kin of e member or as the Council, in its absolute discretion, determines.

20.2 If a member who:

 (a) is an eligible member for the purposes of Part V; or

 (b) is contributing to the 1966 Supplementary Superannuation Benefits Fund,

dies leaving a widow or widower who is, or is to be taken to be, the designated beneficiary in relation to the member, the University must pay the moneys, or the balance of the moneys, referred to in subsection 20.1 to the Supplementary Superannuation Benefits Fund or to the 1966 Supplementary Superannuation Benefits Fund, as the case requires.