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  • Cbus Binding Death Benefit Nomination Form

Get Cbus Binding Death Benefit Nomination Form

Binding death benefit nomination This form tells Cbus who gets your super if you die. Please use black or blue pen and CAPITAL letters. Use an X in boxes where required. If you die while a Cbus member,.

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1. Binding death benefit nomination: This is a written direction from a member to their superannuation trustee setting out how they wish some or all of their superannuation death benefits to be distributed. The nomination is generally valid for a maximum of three years and lapses if it is not renewed.

No nomination If you don't make a written death benefit nomination, the trustee of your super fund will decide who receives your death benefit. It may decide to pay the death benefit to your estate, or it may use its discretion to decide which of your eligible beneficiaries receives the death benefit.

What is a Binding death benefit nomination? A binding death benefit nomination is a legal document which binds Brighter Super to pay your benefit to your nominated beneficiary or beneficiaries provided it is still a valid nomination at the time of your death.

There are two types of death benefit nominations: binding and non-binding. Both are only activated on the superannuation members' death and are usually paid in lump sums to the beneficiaries.

Who can be my beneficiary? your spouse or partner. your children. anybody financially dependent on you when you die. your estate or legal representative – known as an executor.

If you don't make a written death benefit nomination, the trustee of your super fund will decide who receives your death benefit. It may decide to pay the death benefit to your estate, or it may use its discretion to decide which of your eligible beneficiaries receives the death benefit.

You may need to decide whether you want a binding nomination to be lapsing or non-lapsing. A lapsing nomination must be renewed after a certain period (typically every three years), whereas a non-lapsing nomination is permanent unless you change or review it.

What does it mean? A non-binding or preferred beneficiary nomination will guide the Trustee of the Fund as to your wishes; however, the Trustee makes the final decision as to whom the benefit will be paid. The Trustee is guided by superannuation legislation and must ensure the benefit is paid to your dependants.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232