If you die while there is still money in your account, that money will be paid to your beneficiaries (which can be one or more dependants or the legal personal representative of your estate). Dependants include your spouse*, children, a financial dependant or a person with whom you're in an interdependency relationship.
Non-binding nomination of beneficiaries
A non-binding nomination means the Trustee will consider your nomination when deciding who will receive your death benefit.
A non-binding nomination remains effective until you change it.
Binding nomination of beneficiaries
If you make a valid binding nomination then the Trustee must pay the death benefit according to your instructions. A binding nomination must be made in writing using the Binding Nomination form, and has to be updated at least every three years.
We'll let you know when a binding nomination is about to expire, so make sure your contact details are up to date. You can update your details by calling us on 1800 222 071 from 8am to 8pm (AEST/AEDT) weekdays.
If a binding nomination expires, then it becomes a non-binding nomination.
For more information about TWUSUPER's role in deciding who gets your benefit, who you can nominate and what kind of nomination might be right for you, see our Nominating beneficiaries fact sheet.
* The law defines a spouse as another person (whether of the same or different sex) who is legally married to you, or a person who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple.