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(1) Where a member of a registered scheme or other person is entitled to be paid a member’s accrued benefits but does not lodge a claim with the approved trustee of the scheme, the trustee shall take steps specified in the Guidelines within thirty days after the trustee becomes aware that the member or other person cannot be located.  

(2) Where the trustee cannot locate the member or other person within six months, the accrued benefits shall be registered as unclaimed benefits at the end of that period.

(3) This regulation does not apply in a case where a scheme member of a registered scheme who has reached the retirement age has not lodged a claim with the approved trustee of the scheme for payment of the member’s accrued benefits.