From February 2019, we’re legally required to electronically report additional account information regarding your FirstChoice Wholesale Pension account.
New DHS reporting requirements
These changes are designed to ensure the accuracy of payments and services delivered to Australians under social security legislation.
This information will be used by the Department of Human Services to more closely align benefits you may be receiving, or are eligible for, with your individual circumstances.
If the income stream details provided don’t match what is currently held on the department record, the department may seek further information directly from you. In some cases, this may potentially impact your benefit entitlements.
For more information visit the Department of Human Services website.
We're here to help
To find out how these changes may affect you, call us on 13 13 36, or speak to your financial adviser.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.