LawAnswers.com.au - Australia's #1 Legal Community

LawAnswers.com.au is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

QLD Clarification on Superannuation Accounts?

Discussion in 'Superannuation Law Forum' started by brett ellwood, 13 October 2016.

  1. brett ellwood

    brett ellwood Active Member

    Joined:
    10 May 2016
    Messages:
    7
    Likes Received:
    0
    Hello all,

    I have found a old superannuation account in 2016. It just happened to be active at the time of my injury in 2007. The last day I officially worked was in July 2008. My superannuation that I knew I had in 2007 classified me as TPD & I was paid out.

    Now the superannuation fund I found in 2016, as I said, was active with TPD coverage in 2006/7, but the account had become inactive on the 3rd of April 2008. Now this old super in 2006/7 TPD was 44000. 2007/8 was 72000.

    As I stated, my last day of work was July 2008, which is now in the 2008/9 financial year. But again, my account became inactive on the 3 April 2007/8, so because it was inactive 2007/8 & this claim is successful.

    What financial year should it be 2007/8 or 2008/9? I hope you understand this. Hell, I had to read it more than once. Your thoughts would be very much appreciated.

    Cheers
     
  2. Sophea

    Sophea Well-Known Member

    Joined:
    16 April 2014
    Messages:
    2,300
    Likes Received:
    334
    Sorry what is your question? Do you want to know whether you can also claim TPD on that policy as well? I would call them and ask.

    What do you mean the account became inactive? Did the premiums stop being paid for the TPD insurance?

    I would have thought as long as you are still paying premiums you can make a claim, however there might be an issue with claiming so long after you have become totally and permanently disabled. It will depend on the terms of hte policy.
     

Share This Page

Loading...