By signing a CommBiz Account Authority form, Account Owners consent to who and how the account(s) will operate on the CommBiz Service.
The CommBiz Account Authority form is made up of 3 parts:
Part A – Electronic method of operation in CommBiz
This defines the rules for authorising payments – how many authorisers for each value – and shows the following information:
If the accounts are being added as view only (non-transactable), the Monetary Bands and Authorisation Rules table will show a ‘View Only’ watermark.
Part B – Persons authorised to operate on accounts in CommBiz
This lists all Users who have been appointed as Authorisers or who are being removed as Authorisers for the accounts listed in Part A.
Users who are already Authorisers on the accounts listed in Part A or who are already identified Users and are being appointed as Authorisers, will have their details shown in the fields and won’t need to sign the form.
Users who are being appointed as Authorisers and aren’t identified on CommBiz will have their details shown in the fields and will need to provide additional information so we can identify them. If the User banks with:
If a Maintenance Request includes removing Authorisers from the accounts listed in Part A, the Authorisers’ Full Name and Date of Birth will be displayed; they won’t need to sign the form.
Part C – Declaration and Acknowledgement
The Declaration and Acknowledgement needs to be signed by the Director(s) or Authorised Officers of the accounts being added or updated in Part A. By signing this, account owners are consenting to:
The form will need to be signed in accordance with the below table:
This guide is published solely for information purposes. As this guide has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances and if necessary seek the appropriate financial advice before acting on information in this guide. Commonwealth Bank of Australia ABN 48 123 123 1234. Call 13 2221 or view our terms and conditions.