(1) For the purposes of this Act eligible pension benefits are "dormant" at a particular time if any of the following four conditions are met at that time.

(2) The first condition is that the responsible institution -

(a) has been notified that the person in respect of whom the benefits are payable has died, and

(b) is satisfied that there is no person -

(i) to whom the benefits are payable (in the case of benefits mentioned in section 6(1)(a) or (b)), or

(ii) entitled to elect to receive payment (in the case of benefits mentioned in section 6(1)(c)).

(3) The second condition is that -

(a) there has been a period of at least 7 years since the responsible institution was notified that the person in respect of whom the benefits are payable has died, and

(b) the responsible institution has not received any communication since that time from -

(i) anyone administering the estate of that person, or