Choose from two types of nomination
Binding nomination
A non-lapsing binding nomination is binding on the Trustee and will ensure your super, pension and/or insurance benefit is paid as directed, as long as the nomination is and remains valid. This nomination stands even when personal circumstances change, such as getting married, having children, or any other life-changing event occurs. It’s crucial to regularly review your nomination to make sure it reflects current personal circumstances.
- This nomination will remain in place until you provide a new nomination.
- Requires two witness signatures.
To make a binding nomination, complete the form below and mail it back to us.
Non-binding nomination
A non-binding nomination means the Trustee decides who receives your super, pension and/or insurance benefit, taking into consideration your preferred beneficiaries and circumstances.
FAQs
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If you have one of the following products, you can update your beneficiaries online:
- MLC MasterKey Super
- MLC MasterKey Super Fundamentals
- MLC MasterKey Pension
- MLC MasterKey Pension Fundamentals
- MLC MasterKey Business Super
- MLC MasterKey Personal Super
- MLC MasterKey Superannuation (Gold/Five Star)
- MLC MasterKey Term Allocated Pension
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If you have a MLC MasterKey or Business Super product, you can update your non-binding beneficiary nomination by following these steps.
1. Login to your online portfolio
2. Select your super or pension account, or insurance policy and click on Other > see other transactions
3. Click on Update beneficiary
4. Select non-binding and complete the details
5. Review your request and agree to the terms and conditions, then click Submit. You’ll receive confirmation on screen. We’ll then process your updated beneficiary request and send you written confirmation. Please allow 3-5 working days for us to process your request.
You can update your non-lapsing binding beneficiary nomination by following these steps.
1. Login to your online portfolio
2. Select your super or pension account, or insurance policy and click on Other > see other transactions
3. Click on Update beneficiary
4. Select non-lapsing binding and download the form.
5. Complete the form and post it to MLC. Your signature is required and must be witnessed by two adult persons. Please allow 3-5 working days for us to process your request.
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If you have one of these products, you can update your beneficiary nomination by following these steps.
1. Login to your online portfolio
2. Select your policy or account and click on Update beneficiary
3. Download and complete the form and post it to MLC. Your signature is required and if you're making a non-lapsing binding nomination, it must also be witnessed by two adult persons. Please allow 3-5 working days for us to process your request.
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Please post your non-lapsing binding beneficiary nomination to: MLC, PO Box 200, North Sydney NSW 2059.
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Yes, if you'd like to update your beneficiaries on more than one account or policy, you’ll need to submit a request for each account or policy.
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Yes, if you'd like to update your beneficiaries on your MLC MasterKey Super and Pension account, you’ll need to submit a request for each account.
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At present, a beneficiary nomination request cannot be displayed in Recent activities. However, you can check the progress of your request by calling us on 132 652 between 8am and 8pm, Monday to Friday (AEDT).
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No, you can only add or change your beneficiary online. If you'd like to remove and not replace an existing beneficiary nomination, please contact us on 132 652 between 8am and 8pm, Monday to Friday (AEDT).
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No, a reversionary nomination or automatic spouse beneficiary nomination can only be made at the time of opening a new pension account, and cannot be changed while the account is active. If you wish to change or remove an existing reversionary or automatic spouse beneficiary nomination, please contact us on 132 652 between 8am and 8pm, Monday to Friday (AEDT).
