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If the deceased member had made a valid nomination, we will sell the shares due to the nominee if:

1. the nominee instructs us to sell the shares;
2. the nominee is an undischarged bankrupt;
3. the nominee is below age 18;
4. the nominee is a beneficiary under the Special Needs Saving Scheme;
5. the nominee has passed away (and no instruction is received from the estate administrator/executor to transfer the shares);
6. the nominee lacks mental capacity (and no instruction is received from the Deputy/Donee to transfer the shares); or
7. no instruction is received from the nominee six weeks from the notification of the member's death.

 

If the deceased member had not made a valid nomination, we will sell the shares if:

1. the appointed executor or administrator instructs us to sell the shares;
2. the Public Trustee instructs the Board to sell the shares (if the Public Trustee is appointed to administer for small estates below $50,000 when there is no appointed executor or administrator); or
3. no instruction is received from the appointed executor or administrator six months from the notification of the member’s death.