Olivia is planning on completing a binding death benefit nomination for her superannuation fund. She has been told she can only directly nominate a person to receive her superannuation money in the event of her death if they are considered a 'SIS dependant' of hers. Olivia has 3 children: Jayden aged 14, and Katrina aged 20, who both live at home, as well as Kathy who is 23 and has moved out of home. Which of the following statements is CORRECT? 

a) Jayden is the only SIS dependent as he is under 18 

b) Jayden and Katrina are the only SIS dependants as they live at home and are therefore financially dependant on Olivia 

c) None of the children would be SIS dependants 

d) All of the children would be SIS dependants

Answer rating: 100% (QA)

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