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Tax Q&A: Superannuation: death benefits nominations - ruling from the grave

Published on 01 Mar 00 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The introduction of the Superannuation Amendment Act 1999 not only allows a member of a fund to nominate who is to receive their benefits upon death, but to bind the fund trustee to pay the benefits with a Death Benefit nomination ("DBN"). This Q&A considers how a member can control or influence the payment of their superannuation death benefits, the advantages of a DBN and the drawbacks of the new system.

Author profiles

Andrew O'Bryan CTA
Photo of author, Andrew O'BRYAN Andrew is a senior tax partner at Hall & Wilcox Lawyers. He has over 25 years' experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the Australian Taxation Office. - Current at 21 June 2016
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Andrew O'Bryan CTA
Andrew is a senior tax partner at Hall & Wilcox Lawyers. He has over 25 years' experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the Australian Taxation Office. - Current at 21 June 2016
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Chris Ketsakidis CTA
Chris heads the Superannuation & Financial Services practice at Maurice Blackburn Commercial. His expertise is in the areas of superannuation, estate planning, tax structuring and trusts. He has practised for more than eighteen years in these key areas. Chris advises a range of participants in the superannuation and financial services industry, including accountants, financial advisers, superannuation fund trustees, SMEs and high net-worth clients. - Current at 18 August 2010
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