Commonwealth Consolidated Acts Commonwealth Consolidated ActsAn assignment of an interest in a benefit fund that is, because of section 16F, taken to be a policy is taken to satisfy the requirements of subsection 200(2) if the following requirements have been satisfied:
(a) the assignment must be by memorandum of transfer in accordance with, or substantially in accordance with, the form set out in the relevant benefit fund rules;
(b) the memorandum must be signed by the transferor and the transferee;
(c) the transferor must give 2 copies of the signed memorandum to the friendly society concerned;
(d) the assignment must be registered in a register of assignments kept by the friendly society concerned;
(e) the date of registration must be inserted in the memorandum;
(f) the memorandum must be signed by an officer of the
friendly society concerned who is authorised to do so by the friendly society.