Death cover (also known as life insurance) can help ease financial stress by paying a lump sum to your beneficiaries if you die. Cover you get when you join This page explains the key features of insurance for AustralianSuper plan members. If you aren’t a member of AustralianSuper plan,...
19 How a death benefit is paid If the member provides us with a non-binding nomination, the Trustee will ordinarily pay their death benefit to the beneficiaries they have nominated and in such proportions as they have specified, provided: ›› the nominated beneficiary(ies) is a dependant ...
Your employer is mandated to contribute every three months if you earn a minimum of $450 monthly before taxation in Australia. Death benefits go to the beneficiaries like the dependants, surviving partner, estate, or children. If you wish to make an early withdrawal of your super, seek the a...
It is consistent with the sole purpose of providing retirement benefits for a trustee to engage in policy (or political) communications which are properly directed to maintaining and improving the retirement benefits received by the trustee's beneficiaries. As the High Court concluded in a...
there is a clear detriment to beneficiaries if the trustee was to go insolvent there has been a significant increase in the potential for, and quantum of, fines and civil penalties for contraventions of Chapter 7 of the Corporations Act ...
BSNL CO has issued necessary instructions from time-to-time for operation of the scheme. Of late, it has been noticed that some of the employees, who were members of the Scheme have superannuated/retired/deceased and such employees/their beneficiaries have become eligible for...
beneficiaries; To keep fund assets separate from other assets of the company Not to do anything that would impede the proper performance and function of powers; To formulate and give effect to an investment strategy; To manage reserves responsibly; To allow the beneficiaries access to certain ...
How a death benefit is paid If the member provides us with a nomination, the Trustee will pay their death benefit to the beneficiaries they have nominated and in such proportions as they have specified, provided: > the nominated beneficiary(ies) is a dependant or is their legal personal ...