Our standard form BDBN relates to and is prepared with reference to the standard Acis SMSF trust deed Version 2021.1.
If your fund is not currently using the standard Acis SMSF trust deed Version 2021.1 professional advice should be sought to ensure any Binding Death Nomination (lapsing or non-lapsing) is:
(a) permitted by the governing rules of the fund; and
(b) complies with the formalities for making a Binding Death Nomination (lapsing or non-lapsing) set out in the relevant trust deed.
Please make sure you complete the BDBN form when received to ensure that the names of all beneficiaries, the qualification of the beneficiaries to receive benefits and the percentage of the member’s benefit to be paid to each beneficiary are inserted on the form in the spaces provided.