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11.5.5 Payment by Individual Cheque
What is payment by individual cheque?
Payment by individual cheque involves sending a cheque for the value of a pensioner's fortnightly pension instalment to their nominated address each fortnight.
Reasons for paying by cheque
In order to receive payments by cheque, a pensioner must have an exemption from direct credit payment granted by Commission.
Disadvantages of cheque payment
In comparison to direct credit, individual cheques have the disadvantages that they are:
- expensive to issue
- difficult to trace, and
- time consuming to reissue.