Beneficiaries

When you nominate beneficiaries, you indicate to the Trustee which of your Dependants or your Personal Representatives(s) you wish to receive your death benefit.

Beneficiary nominations

In the event of your death while you're a member of the Plan, a death benefit will be paid to your dependants or the legal personal representative of your estate. If you'd prefer this money to be paid to specific people, it's important that you nominate one or more beneficiaries.

While your nomination is non-binding, the Trustee will be guided by your wishes. That's why it's so important to update your beneficiary nomination whenever your personal circumstances change. For example, if you marry, divorce or have children.

If you have no dependants, the death benefit would be paid to your estate. It is important, therefore, that you have an up-to-date will, to prevent your affairs from going intestate in the event of your death.

How to nominate beneficiaries

To nominate a beneficiary, complete the relevant section on the Application Form when you join the Plan.

You can change your beneficiary at any time. Log in to MemberAccess to change it online or completing a Change in Details Form. If you would prefer a printed form, call us on 08 9211 6633 for a copy. Any change in nomination will always override your previous nomination.

Who can you nominate as a beneficiary?

Under super law, your death benefit can only be paid to a dependant. Therefore, when you nominate your beneficiaries, you must nominate dependants. A dependant includes any of the following:

  • Your spouse including legal, ex-nuptial, de facto and a same-sex partner;
  • Your children including step, ex-nuptial, adopted and your spouse's (including same- sex partner's) children;
  • Any persons in an interdependent relationship with you at the time of your death;
  • Any persons financially dependent upon you at the time of your death; and
  • The legal personal representative of your estate.

If you've nominated a child as your beneficiary and they are 18 years or over at the time of your death, they will be treated as non-dependants for payment purposes. This means that, unless they can establish dependency on you (e.g. financial dependency), the death benefit will be taxed at a higher rate.

An interdependent relationship is one where two people:

  • have a close personal relationship and live together; and
  • one or both provides the other with financial support, domestic support and personal care.

An interdependent relationship also exists where two people have a close personal relationship, yet the other requirements are not met because one or both suffer from a physical, intellectual or psychiatric disability.

What if I don't nominate a beneficiary?

If you don't nominate a beneficiary or your nominated beneficiary isn't a dependant at the time of your death, the Trustee will use its discretion as to whom receives the benefit. If you don't have any dependants, the death benefit will be paid to your legal personal representative or persons whom the Trustee considers appropriate.

What is a legal personal representative?

This is the person who looks after your estate when you die. Your estate refers to all of your assets and liabilities, including your personal belongings. A personal representative can be:

  • the executor of your Will; or
  • the administrator of your estate, in the event you die without a valid Will (known as intestacy).

Additional anti-detriment payment

Where a death benefit is paid to a dependant(s) as a lump sum, the Plan will also pay an additional amount known as an “anti-detriment” payment. This money equals the amount of Contributions Tax that the deceased member has had deducted from their super during their lifetime.