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Why an UP to date binding death benefit nomination (bdbn) matters
A Binding Death Benefit Nomination (BDBN) enables a superannuation fund member to direct the trustee as to who is to receive their superannuation death benefit, provided the nomination is valid and complies with the applicable law and the governing rules of the particular fund. Depending on the circumstances, a member may nominate one or more eligible superannuation dependants and/or their legal personal representative, in which case the benefit is paid to their Estate and d
By Teresa Catalano
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