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Did you know that current laws allow a family violence perpetrator to inherit their victim’s superannuation death benefit? The only exception is if the abuser is found to have murdered the victim.
It seems super funds can't do anything to stop the increasing incidence of fund members being pressured by abusers to nominate them as beneficiaries.
Peak bodies, the Super Members Council, Association of Super Funds of Australia, and Women in Super have written to relevant ministers and appeared before a parliamentary inquiry into financial abuse calling for law reform.
The inquiry is investigating the role the financial services industry and its governing regulatory framework can have in better detecting and preventing financial abuse and supporting victim-survivors and vulnerable people.