The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry suggested that the Government explore, in consultation with relevant Aboriginal and Torres Strait Islander peoples, difficulties they face making binding death benefit nominations. This paper explores the law surrounding the distribution of superannuation death benefits, Aboriginal and Torres Strait Islander peoples' kinship structures, and how these kinship structures are accommodated elsewhere in the law.
The Government will use the feedback received through submissions on this paper to decide what law changes, if any, are required to address how kinship structures of Aboriginal and Torres Strait Islander people are treated by laws applying to superannuation death benefits.
You can submit responses to this consultation up until 24 May 2019.
Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
How To Respond
Address written submissions to:
Retirement Income Policy Division
PARKES ACT 2600
Phone: Darren Magennis +61 2 6263 3980