Who can you nominate?
You can nominate as many beneficiaries as you like, as long as each beneficiary falls into at least one of the following categories:
- Your spouse – a person who is married to you [vaild under the Marriage Amendment Act 2017 (CTH)], a person who lives with you on a genuine domestic basis in a relationship as a couple or a person (whether of the same sex or different sex) with whom you are in a relationship that is registered under a law of a State or Territory.
- Your children – including adopted, step or ex-nuptial, a child of your spouse and someone who is your child within the meaning of the Family Law Act 1975.
- Another dependant, defined as:
- A person who is wholly or partially financially dependent on you, or
- A person in an interdependent relationship with you
Two people will have an interdependency relationship if:
- they live together;
- they have a close personal relationship; and
- one or each of them provides the other with financial and domestic support and personal care.
Interdependency can also apply in the case where a close personal relationship exists but the other requirements for interdependency are not satisfied because either or both people suffer from a physical, intellectual or psychiatric disability.
- Your Legal Personal Representative – the executor of your will or administrator of your estate.
The most appropriate nomination will depend on your personal circumstances. As there may be taxation, Centrelink, asset protection and other implications to consider, we recommend that you seek professional legal, taxation and financial advice before making your nomination.
How does a non-binding nomination work?
This type of nomination is not binding on the Trustee, meaning the Trustee has the discretion to decide who will receive your Death benefit. On your death, the Trustee will consider your nomination but will take into account a range of other factors (such as the personal circumstances of your dependants) when making a decision about which one or more of your dependants or Legal Personal Representative, or other persons if no dependants or Legal Personal representative can be located, will receive your benefit. Your nomination applies to all of your accounts, except a pension account that has a Reversionary Beneficiary. It is important that you review your nomination regularly and consider updating your nomination whenever your personal circumstances change. You may change or cancel your nomination at any time.
How do you update your non-binding nomination?
If you want to make, replace or cancel a non-binding nomination, you must follow these procedures:
- Make or replace a nomination: If you want to make a non-binding nomination, you must write all your chosen beneficiaries’ details in the Beneficiary details section of this form and the Percentage of benefit column must total 100%. The form must be signed and dated. You may instead choose to make a Binding, Non-lapsing or, for an Income Stream account, a Reversionary Death Benefit nomination which will replace your Non-binding nomination. To make these types of nominations, please complete and return the relevant form, available on the Energy Super website.
- Cancel a nomination: If you want to cancel a current non-binding nomination and not replace it, you must write “cancel previous nomination” in the Beneficiary details section of the form. Please note that the form must still be signed and dated. You may also wish to inform your nominated beneficiary of your nomination. We will write to you to confirm your new, replacement or cancelled nomination. You will be advised of your nomination each time we send your Annual Statement so you can consider if it still reflects your wishes. Additional Non-binding Death Benefit Nomination Forms can be obtained from Energy Super or you can download one from the Energy Super website.
Is there a fee for making a nomination?
We do not charge a fee to process any type of death benefit nomination.
Do you want more information?
Before making, replacing or cancelling your nomination you should read the Product Disclosure Statement relevant to you and consider consulting your legal, taxation and financial advisers.
This Privacy Statement provides you with details about the personal information we have collected from you, how we will manage that information and how to contact us if you have any privacy concerns, including if you want to make a complaint.
Why we collect personal information?
Energy Super* collects your personal information in order to:
- identify and verify your identify and conduct appropriate checks;
- answer your queries;
- communicate with you about your account and keep you informed about membership opportunities, including products, services, promotions and an online news subscriptions;
- understand your requirements and provide you with a product or service;
- manage and respond to complaints, investigations and disputes and report to dispute resolution bodies and regulatory bodies;
- process your application for membership; and
- manage our ongoing relationship with you as further described in this statement.
How we manage your personal information
We may disclose your personal information to our authorised personnel, third parties (e.g. employers) and our service providers, including our fund administration services provider (Link Group), insurers, MLC Life Insurance and Beazley, and ESI Financial Services Pty Ltd (a wholly-owned entity of Energy Super).
If we collect your personal information, we will only use and disclose your personal information for the purposes we collected it for or where you would reasonably expect us to.
We may use and disclose your personal information in order to:
- administer your account, provide insurance cover and provide services complementary to your account, such as seminars, newsletters, educational materials and access to financial advice;
- communicate with other superannuation fund trustees and administrators if you transfer your super to another fund;
- communicate with Government, Statutory or Regulatory bodies and Enforcement bodies;
- obtain legal and professional opinions;
- utilise a service from web hosting companies, software provider or web application;
- deal and communicate with any other organisation or person, where you have asked them to provide your personal information to us, asked us to obtain personal information from them, or where you have asked us to provide your personal information to them. For example, a family member or your spouse, a personal authorised under a third party authority, a third party claimant or witnesses in a claim;
- conduct market research and analysis, develop and improve our products and services, and inform you about additional products and services that may be of interest to you; and
- meet legislative and regulatory obligations.
What happens if you do not give us your personal information?
If we ask for your personal information and you don't give it to us, we may not be able to provide you with any, some, or all of the features of our products or services available to you.
How we collect your personal information
We generally collect your personal information directly from you, but may also collect it from other organisations such as your employer, your representatives, organisations who provide products or services to you jointly with us, and from publicly available sources. We may also be required to collect your personal information under anti-money laundering, corporations, family, insurance, superannuation and taxation legislation, or under court/tribunal orders.
We are likely to disclose your personal information to organisations and persons located overseas. These countries include New Zealand, the United Kingdom, Ireland, France and the United States of America, depending on the details of the transaction or other act you ask us to or we are required carry out.
* Energy Super is a reference to Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439) (AFSL 336567) (the Trustee), as Trustee for Energy Super (ABN 33 761 363 685) (the Fund). Energy Super is a member of the ESI Group.
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