Special Banking Option applications
When a client chooses the Special Banking Option for their Services Australia - International Services pension they will be sent an application pack from International Services containing:
- an application for the Special Banking Option
- an application for a Special Bank Account and
- an Authority to Release Information form (this form allows us to share information regarding pension entitlements with Services Australia - International Services)
All three forms must be fully completed and forwarded to International Services for processing.
Note
- when a client has a partner they must both choose the same payment option
- the client can change from the direct payment method to the Special Banking Option at any time
- if the client has changed from the Special Banking Option to the Direct Payment Method generally they cannot re-join the Special Banking Option
- the client does not have access to the Special Banking Option account that the Australian pension is paid into as it is simply a holding account for funds that are to be paid to MSD
