Condition of release
Compulsory cashing of benefits upon death
7.14 Compulsory cashing of benefits upon death
Superannuation funds are required to process and pay death benefits as soon as practical after notification of the member's death. It is expected that superannuation funds would have processes to arrange for the timely cessation of any pension payments that were being paid to the deceased member and, if relevant, commence payment of any reversionary pensions or lump-sum payments of any reversionary pensions or lump-sum payments to any persons nominated in binding death benefit nominations.
Source: SPG 280 - Payment Standards
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Last modified: Monday, July 12, 2021