Nomination of Beneficiaries

All members of AUSCOAL Super can nominate to whom their benefit is to be paid on their death.

A Binding Nomination means the Trustee must distribute the benefits as per your instructions. In order to be binding on the Trustee, a Binding Nomination must:

• be in writing, stating the full name and date of birth of beneficiaries;
• a nominated beneficiary must be a dependant or the legal personal representative (LPR - the person administering you Estate) at the time of your death;
• be signed and dated by you in the presence of two adult witnesses who are not nominated beneficiaries;
• contain a signed and dated declaration from your two witnesses that your beneficiary nomination was made in their presence; and
• for multiple beneficiaries, specify the proportions of the benefit, which must add up to no more than 100%.

• it has expired; ie more than three (3) years has lapsed since the last binding nomination.
• a nominated beneficiary is not a dependant or the LPR at the time of your death;
• the proportion of the benefit paid to each person is not certain or readily ascertainable; or
• you cancel it.

If you return a nomination of beneficiaries form and it is not witnessed, is incomplete or is not complying with legislation, it will be deemed to be a Non-binding Nomination. The Fund Trustees are not bound by this nomination. The Trustees will use their discretion to distribute your benefit to your appropriate dependants or your Estate.

To nominate beneficiaries you will need to complete a Nomination of Beneficiaries form. You can download a copy of this form here or call toll-free 1300 366 212 to request a form.