Death Benefits – Nomination of suggested beneficiaries   Total and Permanent Disablement   Insurance

Payment of death benefits The Trustee has the ultimate discretion to determine how your death benefit is paid. You can let the Trustee know your wishes by suggesting your beneficiaries. If you die the Trustee may pay your lump sum death benefit to your dependant(s) and/or your legal personal representative (estate). If you die with no dependants and no legal personal representative, the Trustee may pay your death benefit to any person it considers appropriate. You can provide the Trustee with a nomination of your suggested beneficiaries e.g. your dependants and/or your legal personal representative. Any nomination you make is not binding on the Trustee when making their decision. The Trustee has the discretion to determine how to pay your death benefit. The Trustee will keep the information your provide confidential.
Who are dependants? Dependants include: Ø  Your spouse, including a person with whom you are:
living in a de facto marital relationship on a permanent domestic basis; living on a genuine domestic basis in a relationship as a couple; in a relationship (whether of the same sex or different sex) that is registered under a law of State or Territory prescribed for the purposes of section 22B of the Acts Interpretation Act 1901,
Ø Your children, including adopted, ex-nuptial, a stepchild, posthumous, a child of your      spouse, and someone who is your child within the meaning of the Family Law Act 1975, Ø Any person with whom you have an interdependency relationship (as defined in      superannuation law), and Ø    Any other person who was, in the opinion of the Trustee, at the time of your death,      dependent on you or legally entitled to look to you for support. It is a good idea to update your nominated suggested beneficiaries at regular intervals even if your circumstances have not changed.   It is very important to do this if your circumstances change, e.g. on marriage, divorce or remarriage. You can do this by completing a Change of Personal Details form available under Forms or by calling the inquiry line on (02) 9235 8566. Back to top    Total and permanent disablement A total and permanent disablement benefit is a lump sum made up of three parts: 1.         You account balance 2.         Any basic insurance cover. And 3.         Any optional insurance cover.   Please refer to the Holcim Super PDS and Insurance Fact Sheet relevant to your division for information about Total and Permanent Disablement. Back to top   Insurance Eligible members automatically receive basic insurance cover. If you join Holcim Super on commencement of employment, you are automatically provided with basic death and total and permanent disablement insured cover without having to provide any evidence of health (unless the basic insured amount is over $750,000). Conditions apply. This insures you for death and total and permanent disablement 24 hours a day, 7 days per week. For further information on insurance cover provided by Holcim Super please refer to the Holcim Super PDS and Insurance Fact Sheet relevant to your division.   Back to top