By nominating a beneficiary for your super you can ensure your money ends up in the right hands after you’re gone.
Make a nomination
You can nominate one or more dependants1 or your legal personal representative as the beneficiary/ies of your death benefit. Your dependants may include your spouse, children, or others as outlined in the definitions below.
If you nominate your legal personal representative, then he or she should distribute the benefit in accordance with your Will or, where there is no valid Will, the applicable intestacy laws.
You have the choice of making a ‘preferred’ or ‘binding’ nomination:
Preferred nomination
When you make a preferred nomination (also known as a non-binding nomination), the Trustee will consider your nomination when deciding how to pay your death benefit. However, the Trustee will not be bound to follow it. The Trustee will take into account other relevant information, including which of your dependants is entitled to receive all or part of the death benefit, when making a decision.
You can make, change or cancel a preferred nomination at any time either via Member SuperSite or by writing to us.
Binding nomination
When you make a binding nomination, the Trustee is bound to pay your benefit to the beneficiary/ies you have nominated, if your nomination is valid. In order for your binding nomination to be valid, you must nominate your dependant/s or your legal personal representative.
To make a binding death nomination, you need to complete the Binding Death Benefit Nomination Form and have the form signed by two witnesses who are not beneficiaries.
Binding nominations are valid for three years. While you can update your binding nomination at any time, you’ll need to complete a new form at least every three years to keep a valid nomination in place.
1 Your dependants include a spouse (legal or defacto), a child and any other person who is financially dependent on you or with whom you are in an interdependency relationship.
For more information, refer to the Super Guide.