Same Sex Super: Australian Super

AustralianSuper said:

“Different rules do not apply to same sex couples.  The Superannuation Industry (Supervision) Act 1993 includes same sex spouses in its definition of spouse.

At AustralianSuper, if a pension member has nominated a reversionary beneficiary the pension will continue to be paid to that person after the member dies.

The reversionary beneficiary must be a dependant and the definition of dependant allows for a payment to a spouse, who may be same sex, de jure or defacto.  No distinction is made between same sex and opposite sex spouses.

If no reversionary beneficiary is nominated the balance of the pension amount is generally paid as a lump sum, unless the person to receive the benefit as determined by the trustee requests it be paid as a pension”

Commonwealth Public Sector and State Defined Benefit plans may have different rules.

 

Be Sociable, Share!

About the author

Veteran gay writer and speaker, Doug was one of the founders of the UKs pioneering GLBTI newspaper Gay News (1972) , and of the second, Gay Week, and is a former Features Editor of Him International. He presented news and current affairs on JOY 94.9 FM Melbourne for more than ten years. And now he's been nominated for LGBTI Journalist of the Year 2017, which is great news, as he hasn't won any of these things for years! If you want to nominate him too - the more the merrier - you can do it here http://www.australianlgbtiawards.com.au/public-nominations.html "Doug is revered, feared and reviled in equal quantities, at times dividing people with his journalistic wrath. Yet there is no doubt this grandpa-esque bear keeps everyone abreast of anything and everything LGBT across the globe." (Daniel Witthaus, "Beyond Priscilla", Clouds of Magellan, Melbourne, 2014)