Personal details
 
 
 
First name*
 
 
 
Last name*
 
 
 
Member number (if known)
 
 
 
Email*
 
 
 
 
Question 1
 
 
 
 
What is the effect of a binding death benefit nomination, by itself, on the status of a non-reversionary pension?*
 
A. It automatically converts the pension into a reversionary pension.
B. It converts the pension into a reversionary pension only if the beneficiary is the member’s spouse.
C. It may direct the recipient and form of the death benefit, but it does not convert the pension into a reversionary pension.
D. It prevents the trustee from paying any death benefit pension.
 
 
 
 
 
Question 2
 
 
 
How is the minimum pension requirement generally determined in the financial year in which a pension reverts following the original pensioner’s death?*
 
A. The original annual minimum continues to apply, and payments made before death count towards satisfying it.
B. The minimum pension requirement is waived for the entire financial year.
C. The minimum pension requirement is recalculated at the date of death using the beneficiary’s age.
D. A new pro-rated minimum applies from the date of death.
 
 
 
 
 
Question 3
 
 
A surviving spouse cannot accommodate the full amount of a death benefit pension within their personal transfer balance cap. Which statement is correct?*
 
A. Any excess death benefit amount may remain in the beneficiary’s accumulation interest.
B. The beneficiary may create cap space by commuting part of their own pension to accumulation, but death benefit capital that cannot be accommodated must leave superannuation.
C. The personal transfer balance cap automatically increases by the value of the death benefit.
D. The trustee may defer all transfer balance reporting indefinitely.
 
 
 
 
 
Question 4
 
 
For Division 296 purposes, which event generally ends the attribution of post-death earnings to a deceased member in relation to a non-reversionary interest?*
 
A. The date on which probate is granted.
B. The first 30 June after death.
C. The earlier of the death benefit being fully paid or a death benefit income stream commencing for another person.
D. The date on which the trustee obtains a valuation.
 
 
 
 
 
Question 5
 
 
When may the reversionary status of an existing pension potentially be changed by direct variation without commuting and recommencing the pension?*
 
A. Whenever the member signs a new binding death benefit nomination.
B. Only after the original pensioner has died.
C. Where the deed and pension terms authorise a prospective variation and the change does not terminate or commute the existing income stream.
D. Only where the fund has no accumulation interests.