23 September 2024 at 3:19 pm #13465
Hello Christopher
Thanks for the question.
As a general proposition, the fund member should be able to achieve the outcome they are seeking.
The fund member could complete a Binding Death Benefit Nomination (BDBN) directing the percentage of the fund member’s interest that is to be paid to the other member – who is a dependent. The remaining percentage can be directed to be paid to the LPR of the deceased estate of the fund member.
The BDDN process is certainly flexible enough to allow the direction to the trustee of the super fund to be broader than a payment to one dependent or a payment to solely to a the LPR of the deceased estate.
Best regards
The Auditors Institute