When an authority might help

  • Life can be unpredictable, and there may be situations when you’ll need someone you trust, like a family member, friend, or advisor to help manage your finances. For example, you may need support when:

    • Facing health issues or physical limitations
    • Experiencing changes to memory or decision-making capacity
    • Travelling for extended periods
    • Planning ahead for possible loss of capacity
    • Managing debt 

    Before you allow someone to manage your banking, you might want to seek legal advice from a specialist like a lawyer or solicitor. 

    Giving someone access to your accounts can increase your exposure to the risk of financial abuse and fraud, so it’s important to choose someone you trust and review your account access regularly. For more on financial abuse and the signs to look out for, as well as who to contact if you feel you’ve been a victim of financial abuse, view the guides found in Tools & Support.

    You can view who has authority over your accounts any time in NetBank by selecting Settings, then Account authorities.

Authorities at a glance

There are several ways to get support with your banking at CommBank. Here’s a quick overview:

Power of Attorney

An authority document, often prepared by a solicitor, that allows another person to make financial and legal decisions for you. 

  • Set up by: Account holder or person receiving power of attorney
  • Authority to: View and transact on accounts, open and close accounts
  • If capacity is lost: General Power of Attorney ends, Enduring Power of Attorney continues
  • You might need if: Future planning or for broad financial decision making

More about Power of Attorney

Financial Management Order 

An authority appointed by a court or tribunal that authorises a nominated person to make financial decisions on behalf of someone who is unable to manage their own affairs. This is also known as an Administration Order. 

  • Set up by: Financial Manager/s who have been appointed by a Court or Tribunal
  • Authority to: View and transact on accounts, open and close accounts
  • If capacity is lost: Access continues
  • You might need if: Someone has lost capacity

More about Financial Management Order

Third-party access

An authority that allows a trusted person to help with everyday transactions on nominated accounts.

  • Set up by: Account holder
  • Authority to: Nominated accounts only 
  • If capacity is lost: Access ends
  • You might need if: Day-to-day banking help, short term or practical support, help with specific accounts only

More about Third-party access

Things you should know

  • This information is general guidance only.