What is a Third Party Authority?

A Third Party Authority allows someone you know and trust to access your loan information and act on your behalf in specific ways. Whether it's a family member, business partner or trusted professional, granting Third Party Authority to someone gives them permission to manage certain parts of your loan.

What can a Third Party Authority do?

A Third Party Authority gives someone else permission to speak to your lender about your loan on your behalf. This formal arrangement allows your assigned representative to:

Speak to RedZed about your accounts

Obtain loan information

Alter direct debit dates and/or amounts

What permissions are included?

Your Third Party Authority can typically make enquiries on your behalf and access your loan details. However, it does not usually grant them the legal authority to make changes to your loan structure or accounts, or make financial decisions without your authorisation or signature.

Can you change your Third Party Authority?

If you'd like to cancel a third party's access to your loan information, simply lodge a request via email or call our client services team.

Keep in mind, the form itself can't be revised—if you need a new Third Party Authority, you'll have to submit a new form. You'll also need to provide two forms of ID for each Third Party Authority, one of which must be photo ID.

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How do you choose the right authorised representative?

Choosing the right Third Party Authority representative is all about trust, reliability, and alignment with your financial goals. Consider your options carefully and select someone who possesses:

Experience

Reputation

Trustworthiness

Communication skills

Ready to delegate tasks?

Start by finding the Third Party Authority form within RedZed Connect. Select 'Forms' from the top menu bar, download the Third Party Authority form, fill in the blanks and submit it to our team. It's quick, easy and puts control back in your hands.

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