Product Disclosure Statement

Binding nomination
A binding nomination allows you to determine, with some certainty,
who receives your death benefit. As long as your nomination is
valid at the date of your death, the Trustee is required to pay your
death benefit to your dependants as nominated by you. If your
nomination is not valid at the date of your death, it will be treated
as a non-binding nomination and the Trustee will determine which
of your dependants will receive your death benefit.
To make a binding nomination
1. Tick the ‘Death benefit nomination’ box in the ‘Death benefit
nomination’ section of the relevant application form at the back
of this PDS; and
2. Complete the Binding beneficiary nomination form at the
back of this PDS and return it to us.
Your binding nomination will be invalid at the date of your death if:
• three years have passed since the date you signed it, or last
confirmed or amended it
• any nominated beneficiary is no longer a dependant
• any nominated beneficiary has died
• you marry, divorce, or start or finish an opposite- or same-sex
de facto relationship after the date of signing the nomination;
or
• you have cancelled your nomination (in writing).
If your binding nomination becomes invalid, we will treat it as a
non-binding nomination.
The Trustee may also be unable to pay a death benefit in
accordance with a binding nomination if the Trustee is:
• subject to a Court order (such as a Family Court order)
preventing payment of the benefit; or
• aware that you were subject to a Court order that prohibited or
restricted you from giving a binding nomination or required you
to amend or revoke such a nomination.
It is important to update your nomination every three years and
when your circumstances change. Maritime Super will confirm
your nomination on your Annual Statement, but ultimately the
responsibility to update your nomination lies with you.
Non-binding nomination
A non-binding nomination identifies your preferred beneficiaries for
your death benefit. It is not binding on the Trustee and will be used
as a guide in distributing your benefit. This means that the Trustee
will decide who receives your death benefit, taking into consideration
your nominated dependants as well as your personal circumstances
known at the time of your death.
To make a non-binding nomination
1. Tick the ‘Death benefit nomination’ box in the ‘Death benefit
nomination’ section of the relevant application form at the back
of this PDS; and
2. Complete the Non-binding beneficiary nomination form at the
back of this PDS and return it to us.
Alternatively, you can make or update your non-binding
nomination online by logging into Member Online at
www.maritimesuper.com.au.
Transferring an existing death benefit nomination
If you have made a death benefit nomination (binding or
non-binding) with another Maritime Super membership which is
still valid, then your nomination will apply to your pension benefit
unless you make a new death benefit nomination.
Non-lapsing nomination
Members of the Stevedoring Employees Retirement Fund (SERF)
could make a non-lapsing nomination before 1 March 2009 which
binds the Trustee indefinitely, provided the Trustee consented
to the nomination. If you have made such a nomination and the
Trustee has provided its consent and you have made no further
nomination with any of your Maritime Super memberships, the
Trustee will be bound by your nomination, provided it remains valid.
Your non-lapsing nomination will become invalid if:
• any nominated beneficiary is no longer a dependant
• any nominated beneficiary has died; or
• you cancel or replace your nomination (in writing).
No nomination
If you don’t make any nomination, the Trustee will decide which
beneficiaries will receive your death benefit. Normally, this
would be one or more of your dependants or the legal personal
representative for your estate.
18 • PDS • Maritime Super Division • Allocated Pension and Working Income Support Pension • 1 July 2015