Non-Lapsing Nomination

A type of beneficiary nomination made by a super fund member where the member has indicated their preferred beneficiaries in the event of their death and the proportion they are to receive. As long as the nomination is valid at the time of death, the trustee is bound to follow the instruction. These types of nominations do not expire, unless another nomination is made. The nomination becomes invalid if the member has entered into a de facto relationship (or similar relationship) with another person, separated on a permanent basis from their spouse/partner or have had a child with a person other than their spouse/partner since making the nomination in this case, the Trustee will treat the nomination as a Non-Binding Nomination.