Fill - Free fillable binding beneciaries Nominating your BINDING BENEFICIARY NOMINATION FACT (Australian National University) PDF form

BINDING BENEFICIARY NOMINATION FACT SHEET & FORM

Nominating your beneﬁciary lets you have your say about who receives your super when

you pass away. There is no fee for nominating beneﬁciaries.

There are dierent nomination

types you can choose from:

• Binding nomination (lapsing

or non-lapsing)

• Non-binding nomination

• Reversionary nomination

(pension members only)

Benefit = When we refer to

beneﬁt, we’re talking about your

super balance and insurance

payable (if applicable) or

pension income.

BINDING NOMINATIONS

(LAPSING OR NON-LAPSING)

A binding nomination can provide

certainty on who and in what

proportion your beneﬁt is paid. As

long as your binding nomination is

valid and eective at the time of your

death, we’re legally bound to follow

it. There are two types of binding

nominations you can make: lapsing

or non-lapsing. The main dierence

is how long they’re valid for.

A lapsing binding nomination is

valid for three years (from the

date you sign and date the form).

A non-lapsing binding nomination

doesn’t expire unless you cancel

or update your nomination.

There are some circumstances where

your nominations may be valid at the

time you make them but be invalid

by the time you pass away. See the

‘Invalid binding nomination’ section

for details. There are some instances

where we may not be bound by your

nomination. For example, if we’re

subject to a court order or family law

split, we may not be able to follow

your instructions.

DATED FEBRUARY 2021

Page 1 of 4

MAKING A BINDING NOMINATION

To make a binding nomination

(lapsing or non-lapsing) you’ll need

to complete the Binding beneﬁciary

nomination form included with this

fact sheet.

If you have multiple CareSuper

accounts (e.g. a superannuation

and pension account), you’ll need to

complete a separate form for each

account with your nominations.

UPDATING YOUR BINDING NOMINATION

Ensuring your nomination is current

will mean your beneﬁt is more likely

to go where you want it to go. For

lapsing binding nominations, you’ll

need to update your nomination/s

every three years from the day you

date and sign the form. Valid non-

lapsing binding nominations don’t

expire. For both nominations, we’ll be

in touch to remind you to review your

nominations. It’s important to review

and update your nominations as your

circumstances change. To update,

change or cancel your nomination,

just send us a new completed Binding

beneﬁciary nomination form. You

can see your current nominations via

MemberOnline at caresuper.com.au/

VALID BINDING NOMINATIONS

Whether or not your binding

nomination is valid is determined

when you pass away. A binding

nomination is valid if:

• Your nomination is made in writing

by you (and not your attorney)

using the Binding beneﬁciary

nomination form

• You have only chosen people who

are eligible to be your beneﬁciaries

and they’re all alive and still eligible

when you pass away

• You haven’t already nominated

a reversionary beneﬁciary

(applies to pension members

only)

• Your nomination clearly states

who will receive your beneﬁt.

If you’re nominating multiple

beneﬁciaries, the per cent of

the beneﬁt to each must be

included. The total must add

up to 100 per cent

• You sign and date your

nomination in the presence of

two witnesses, who are over

18 and are not a nominated

beneﬁciary on the form

• Two witnesses sign and date

your nomination in your

presence at the same time, and

• For lapsing binding

nominations, they are received

by us. For non-lapsing binding

nominations, you send your

nomination to us and we

accept it. We’ll notify you

if we don’t accept a non-

lapsing binding nomination.

A nomination that meets all

legislative criteria will not

be valid until we receive and

accept it.

INVALID BINDING NOMINATION

There could be a few

circumstances where your binding

nomination isn’t valid when you

pass away. These include:

• Your nomination has been

cancelled or lapsed

• Any beneﬁciary nominated is

no longer a dependant, or

• Any beneﬁciary has

predeceased you.

Nominating your

binding beneﬁciaries

Page 2 of 4

For non-lapsing binding nominations,

there are some additional

circumstances where your nomination

becomes invalid. Your nomination also

becomes invalid if after providing it,

we acquire knowledge that you have:

• Entered into a de facto spousal

relationship with or married

another person

• Separated on a permanent basis

from your legal spouse, or

• Had a child with someone other

than your legal spouse.

If your binding nomination is invalid,

we’ll use the information we have

available as a guide as well as the

rules governing superannuation to

determine how and who your beneﬁt

will be paid to.

WHO YOU CAN NOMINATE

There are some guidelines you

need to know before you can start

nominating your beneﬁciaries. You

can nominate either:

• Your dependant/s and/or

• Your legal personal representative

— the executor of your will or

administrator of your estate.

YOUR DEPENDANTS

When we refer to your dependants,

we mean your spouse, child (of any

age), someone who is ﬁnancially

dependent on you, or any person

you have an interdependency

relationship with.

AN INTERDEPENDENCY RELATIONSHIP

There are four conditions that must

generally be met to qualify for an

interdependency relationship:

• You have a close personal

relationship, and

• You live together, and

• One or each of you provides the

other with ﬁnancial support, and

• One or each of you provides the

other with domestic support and

personal care.

NON-BINDING NOMINATION

A non-binding nomination acts as

a guide only, so there’s a chance

your beneﬁt could go to someone

other than the beneﬁciary/ies you

nominate. Your choice is not binding

on CareSuper, which means we’ll

consider your nomination, but we’re

also bound by superannuation

and trust law when deciding who’ll

receive your beneﬁt and how much.

A non-binding nomination doesn’t

expire, so you’ll need to update

your nomination as your

circumstances change.

HOW TO MAKE AND CHANGE A

NONBINDING NOMINATION

You can nominate a non-binding

beneﬁciary when you open your

CareSuper account (using the

Member application form or

online at caresuper.com.au/join).

Once you’re a member, you can

make, view or change your non-

binding nomination by entering

this information after logging into

your account via MemberOnline at

caresuper.com.au/login or by

calling 1300 360 149.

NOMINATING A REVERSIONARY

BENEFICIARY

Nominating a reversionary

beneﬁciary is only available to

pension members and means your

income stream pension will continue

to be paid to your nominated

reversionary beneﬁciary after your

death. You can only nominate one

person and there are rules about

who you can nominate (see the

‘Who you can nominate’ section of

this fact sheet).

MAKING A REVERSIONARY

BENEFICIARY NOMINATION

You can only nominate your

reversionary beneﬁciary when you

open your pension account. Once

your pension account is open,

you can’t change or cancel your

nomination unless you close your

pension account and open a new one.

To nominate a reversionary

beneﬁciary, complete and return

the relevant section on the Pension

application form at the back of the

Pension Guide PDS. For Guaranteed

Income (GI) members, see the GI

PDS as some dierent rules apply.

IF YOU DON’T PROVIDE

BENEFICIARY NOMINATIONS

If, at the time of your death you

haven’t nominated a reversionary

beneﬁciary, any binding

beneﬁciaries or your nomination

is invalid, the Trustee of CareSuper

will use its discretion to determine

how your beneﬁt should be

paid, guided by any valid non-

binding beneﬁciaries, if you’ve

provided them.

WE TAKE YOUR PRIVACY

SERIOUSLY

The information we collect through

the nomination form is necessary for

us to follow your request. We don’t

use the information about you, your

beneﬁciaries or your witnesses for

any other purpose. More details on

our Privacy Policy are available at

caresuper.com.au/privacy-policy.

CR/NOM/BEN/FS 855.9 02/21ISS14

Disclaimer: When writing this document none of your personal ﬁnancial needs, circumstances and objectives were considered, making all advice

in this document general. Before making any super-related decisions, we recommend reading all available information, assessing your ﬁnancial

situation and seeking expert advice from a licensed or authorised ﬁnancial adviser. We’ve taken all reasonable care to ensure the accuracy of this

information, as required by law, but do not accept liability for any loss, direct or indirect, as a result of reliance on the information in this document.

CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725

1300 360 149 8am to 8pm Monday to Friday (AET)

CareSuper, Locked Bag 20019, Melbourne VIC 3001

caresuper.com.au/getintouch

caresuper.com.au

WE’RE HERE TO HELP

HOW TO MAKE A COMPLAINT

If a potential beneﬁciary wants

to make a complaint about

the proposed distribution of

a death beneﬁt, they’ll need

to let us know. If the potential

beneﬁciary isn’t happy with

our ﬁnal decision, a complaint

can then be lodged with the

Australian Financial Complaints

Authority (AFCA). For more

information, view our

Making enquiries and

complaints information at

caresuper.com.au/pds

CR/NOM/BEN/FS 855.9 02/21ISS14

CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725.

Page 3 of 4

1. I WANT TO

Nominate new binding beneﬁ ciary/ies (complete sections 2, 3, 4 and 5)

Replace existing nominations with a new nomination of beneﬁ ciary/ies

(complete sections 2, 3, 4 and 5)

Cancel all existing beneﬁ ciary/ies (complete sections 2, 4 and 5)

Select (✔) only one option. If you select more than one option your form will be invalid and

you’ll need to start a new one.

2. CURRENT MEMBER DETAILS

/ /

Member account number (if known) Date of birth (DD/MM/YYYY) Title

Surname

Given names

Residential address (required)

Suburb State/territory Postcode

Postal address (if di erent from above)

Suburb State/territory Postcode

Mobile Daytime telephone

3. BENEFICIARY DETAILS

NOMINATION TYPE

You must specify (✔) the type of binding nomination you want to make. If you want to cancel

your current nomination, skip this section and go straight to section 4.

My binding nominations listed below are:

Lapsing (expires after three years) OR Non-lapsing (doesn’t expire unless I cancel or update)

Full name of beneﬁ ciary Date of birth Relationship % of beneﬁ t

Legal personal representative

Total (must equal 100%)

Binding beneﬁ ciary nomination form

CR/BIND/NOM 355.5 02/21 ISS18

Use this form to nominate lapsing or non-lapsing binding beneﬁ ciaries. If you have multiple accounts (for example,

a superannuation and pension account), you’ll need to send us a separate form for each account. You’ll need to sign

this form in front of two eligible witnesses who will also need to sign it on the same date as you. Complete this form

in blue or black pen using BLOCK LETTERS and tick

where applicable. See also our handy checklist on page 4.

NOMINATING YOUR

BENEFICIARIES

You must identify the nature

of the relationship (e.g.

spouse, child) in the table.

See ‘Who you can nominate’

section on page 2 for more

information. If you choose,

you can nominate your legal

personal representative

as sole or part beneﬁ ciary.

This may be the executor

of your will or administrator

your estate.

NOMINATING MORE THAN

FOUR BENEFICIARIES

To nominate more than

four beneﬁ ciaries, add an

attachment to your form

with the details of your

additional beneﬁ ciaries

(full name, relationship, date

of birth and % of beneﬁ t)

before you sign it. Ensure

that the total ‘% of beneﬁ t’

equals 100%, and you sign

and date it together with

your two witnesses on the

same date, otherwise your

nominations won’t be valid.

IMPORTANT

There are rules around

who you can nominate

and some circumstances

where your nomination

becomes invalid. Some

of these are di erent for

lapsing and non-lapsing.

If you don’t make a

selection, your nomination

will default to lapsing.

For details, see pages

1 and 2, see the Pension

Guide PDS or Guaranteed

Income PDS.

▲ Tear along here. Complete and send us pages 1 and 2 of the form.

CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725.

Page 4 of 4

YOU MUST PRINT AND

THEN SIGN THIS FORM

The form won’t be

valid if you don’t

sign and date it.

(We cannot accept

digital signatures.)

ONCE YOU’RE DONE

Return this completed

form via post to:

CareSuper

Locked Bag 20019

Melbourne VIC 3001

For more information

call 1300 360 149.

4. MEMBER DECLARATION

I declare that, to the best of my knowledge, the information I have provided is true and correct.

I acknowledge that by completing this form:

• I’m cancelling existing binding or non-binding nominations provided to the Trustee, for this account

(if applicable).

• I recognise that any valid nominations made using this form will replace any existing nominations for

this account.

• I’m giving the Trustee notice that upon my death, any death beneﬁ t payable by CareSuper is

requested to be paid to my beneﬁ ciary/ies and/or legal personal representative (as listed in the

proportions in Section 3) if my nomination has been accepted by the Trustee.

• I recognise that any valid lapsing nominations made using this form will not be valid after three years

from the date I have signed and dated this document.

• I recognise that any valid non-lapsing nominations made using this form won’t expire unless I cancel,

update or change them by submitting another form.

• I recognise that if I die without a valid nomination in place, the Trustee will pay my beneﬁ t to my

dependant(s) and/or my legal personal representative at their discretion.

• I may cancel or change a binding nomination at any time, in accordance with CareSuper’s procedures.

• I have read and understood the information provided by CareSuper about binding nominations in the

Nominating your binding beneﬁ ciaries fact sheet. I understand that I have access to the CareSuper

Trust Deed at caresuper.com.au, which speciﬁ es requirements relating to binding nominations.

/ /

Member signature Date signed (DD/MM/YYYY)

5. WITNESSES

Witness 1

I declare that I’m over the age of 18 years, I’m not a beneﬁ ciary nominated on this form and I witnessed the

member sign this form.

/ /

Signature of witness 1 Date signed (DD/MM/YYYY)

Printed name

Witness 2

I declare that I’m over the age of 18 years, I’m not a beneﬁ ciary nominated on this form and I witnessed the

member sign this form.

/ /

Signature of witness 2 Date signed (DD/MM/YYYY)

Printed name

Both witnesses must sign and date on the same day you sign and date this form.

IMPORTANT

You must sign and date

this form in the presence

of two witnesses over

the age of 18 who

are not nominated as

beneﬁ ciaries. This form

won’t be valid if your

witnesses don’t correctly

witness and sign it on the

same date as you.

If any part of this form,

including the member

declaration section, is not

completed correctly, this

form won’t be binding on

the Trustee of CareSuper.

In this case, a new form

needs to be completed.

MY CHECKLIST

No one wants to ﬁ ll out a form twice. To help you get it right the ﬁ rst time, use this checklist before sending us

your completed form.

I have selected only one option in step 1.

If you select more than one option your form will be invalid and you’ll

need to start a new one.

My form doesn’t have any amendments, changes

or corrections.

If your form has amendments, changes or corrections, you’ll need to start

a new form.

I’ve nominated eligible beneﬁ ciaries.

See the ‘Who you can nominate’ section of the Nominating your

beneﬁ ciaries factsheet, the Pension Guide PDS or Guaranteed Income PDS.

I’ve included full details for my beneﬁ ciary/ies,

including their full name, relationship to me, their

date of birth and % of beneﬁ t.

For your nomination to be valid, you’ll need to include these details for all

of your nominations.

I’ve selected to make my nominations either lapsing

or non-lapsing, but not both.

A valid lapsing binding nomination expires after three years. A valid

non-lapsing nomination doesn’t expire unless you update, change or

cancel it. For more about each nomination type, read the Nominating your

beneﬁ ciaries fact sheet, the Pension Guide PDS or Guaranteed Income PDS.

The total ‘% of beneﬁ t’ column equals 100%.

Check your calculations to make sure the % of beneﬁ t equals 100%.

If not, the form will be invalid and we can’t accept it.

My two witnesses are eligible: both are over 18 years

of age and are not nominated as a beneﬁ ciary.

Your witnesses cannot be any of the beneﬁ ciaries you’ve nominated in

Section 2.

I’ve signed and dated the member declaration

section in front of my two witnesses.

You must sign in front of your two witnesses on the same date, preferably

using the same pen.

My witnesses have printed their names and

signed on the same date as me.

Your form will be invalid if your witnesses don’t print their names and

sign on the same date as you.

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