Military Rehabilitation and Compensation Act 2004

The Commission may direct that the whole or a part of a person’s compensation is to be paid, at the intervals that the Commission specifies, to the credit of an account with:

a bank; or

if the person is physically outside Australia—a foreign corporation that takes money on deposit.

The compensation:

must not be paid into an account until the person has nominated an account; and

must be paid in accordance with the Commission’s direction.

For rules about nomination of accounts, see subsections (3D) to (3F).

In specifying intervals in a direction under subsection (1), the Commission may take account of a person’s choice, notified to the Commission, to be paid energy supplement quarterly. This does not limit the Commission’s powers under that subsection.

A person’s compensation must be paid to the credit of an account with a bank, or a foreign corporation that takes money on deposit, in the circumstances specified under subsection (3C).

Sections 432 and 433 deal with payments to trustees.

The Commission may, by legislative instrument, specify circumstances for the purposes of subsection (3A).

The account referred to in subsection (1) or (3A) must be one that is nominated, at any time by the person, for the purposes of this section.

However, if:

there is no nomination of an account by the person in force for the purposes of this section; and

there is a nomination of an account (the existing account) by the person in force for the purposes of subsection 122A(1) of the VEA;

Subsection (3E) ceases to apply in relation to the person if, in accordance with subsection (3D), the person nominates an account for the purposes of this section.

In this section: