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This document serves to notify the financial institution about the authorised signatories for a body corporate's financial account, detailing their account information and the individuals authorised
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How to fill out notice of authorised signatories

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How to fill out Notice of authorised signatories on body corporate financial institution account

01
Obtain the Notice of Authorised Signatories form from your financial institution.
02
Fill in the body corporate's details, including the name and registration number.
03
List the names of the individuals who are to be authorised signatories.
04
Provide the necessary identification details for each signatory, such as their address and date of birth.
05
Sign the form in accordance with the body corporate's requirements, ensuring it is signed by the required number of representatives.
06
Submit the completed form to the financial institution, either in person or via the preferred submission method.

Who needs Notice of authorised signatories on body corporate financial institution account?

01
The body corporate of a community title scheme or strata scheme needs the Notice of Authorised Signatories to establish who can operate its financial institution accounts.
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It is a document that specifies the individuals who are authorized to operate the financial institution account of a body corporate, ensuring that transactions are conducted by designated representatives.
Typically, the management committee of the body corporate or appointed representatives are required to file this notice with the financial institution.
To fill out the notice, you need to provide details such as the name of the body corporate, account information, and the names and signatures of the authorized signatories.
The purpose is to formally communicate to the financial institution who has the authority to manage and make transactions on behalf of the body corporate.
The information must include the body corporate's name, account details, list of authorized signatories, and any conditions related to their authority.
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