Last amended: 6 May 2014
Payment of pension outside Australia
Section 58L VEA
Direct credit preferred for overseas residents
Pensioners going overseas to live permanently will continue to have their pension payments made by direct credit.
Payment by Direct Credit
Exemption from direct credit for overseas residents
Exemption from direct credit for overseas residents is extremely rare. An exemption from direct credit payment can only be granted to a pensioner who does not have an account with a financial institution in Australia and would qualify for one of the exemption categories detailed in this chapter.
Other exemptions from payments by direct credit
Use of overseas missions in forming an opinion
Decision makers are to obtain information from overseas missions to assist them in forming an opinion in cases where a pensioner residing overseas seeks exemption from direct credit payment.
Payment in certain currencies
Pension payments can be paid to an overseas bank account, in any currency the person requests, such as Australian Dollars, provided the nominate — d bank accepts that currency.