Payment of pension instalments by direct credit involves the electronic transfer of funds from DVA's drawing account, via the Reserve Bank, directly into an account with a bank, building society or credit union, specified by a pensioner.
Commission [3]'s policy is to direct pensioners to receive their payments by direct credit.
In comparison with other forms of payment, direct credit is:
An exemption from receiving payment by direct credit can be granted in exceptional circumstances where the person receiving payment is genuinely disadvantaged by direct credit. Temporary exemption from direct credit may also be granted at the Commission's discretion.
More ? [4]
According to Section 179 [9]of the VEA [9], the Commission is a body corporate under the name of Repatriation Commission.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16960%23comment-form
[2] https://clik.dva.gov.au/book/export/html/16960#tgt-cspol_part11_ftn139
[3] https://clik.dva.gov.au/%23
[4] https://clik.dva.gov.au/book/export/html/16960#tgt-cspol_part11_ftn140
[5] https://clik.dva.gov.au/service-eligibility-assistant-updates/all-determinations-order-date-signed-oldest-most-recent/determinations-under-vea
[6] https://clik.dva.gov.au/book/export/html/16960#ref-cspol_part11_ftn139
[7] https://clik.dva.gov.au/compensation-and-support-policy-library/part-11-administration-payments/115-manner-payment/1153-exemptions-payment-direct-credit
[8] https://clik.dva.gov.au/book/export/html/16960#ref-cspol_part11_ftn140
[9] http://clik.dva.gov.au/legislation-library