CPD Questions

Earn CPD hours by completing this quiz via FS Aspire CPD a) The trustee(s) of the member’s fund b) The legal personal representative of the deceased member c) The auditor for the member’s fund d) The deceased member’s nominated beneficiaries a) The trustee resolution or minute b) The trust deed c) The letters of administration d) The member’s death benefit nomination

1. Who is responsible for making certain a member’s superannuation death benefit is distributed as required under their last Will and testament?

2. Which document records the trustee’s decisions concerning how and to whom a member’s superannuation death benefit is to be paid?

3. Which of the following statements is correct? When a member’s death benefit is to be paid as a non-reversionary pension then: a) the balance of the non-reversionary pension will be added to their beneficiary’s accumulation account b) the deceased member’s existing pension transfers to and is now paid to the new beneficiary c) any requirement to make pension payments is removed from the date of the deceased member’s death d) the deceased member’s pension will cease with all supporting assets transferred out of the fund to beneficiaries

4. Prior to his death, Karl could direct the trustees of his superannuation fund to have his death benefit paid to: a) one or more of his de-pendants as defined under superannuation law b) his legal personal representative c) one or more of his grandchildren if they were financially dependent upon him at the time of his death d) All of the options a) True b) False a) True b) False

5. A superannuation pension currently paying benefits to a member can have a reversionary beneficiary either added or removed.

6. Upon an SMSF member’s death, their legal personal representative automatically assumes the role of trustee or director of the corporate director.