An Authorization Letter For Claiming Money is a crucial document in Australian financial transactions where one party needs to delegate the authority to collect or claim funds to another party. This document is commonly used when account holders cannot personally conduct financial transactions due to various circumstances such as illness, overseas travel, or business commitments. The letter must comply with Australian banking regulations and typically includes the full details of both parties, specific authorization scope, account details, and validity period. It requires proper authentication, often including witnessing by authorized persons such as a Justice of the Peace or Notary Public, depending on the amount involved and the financial institution's requirements. The document serves as a legal protection for all parties involved and helps financial institutions maintain compliance with Australian banking and anti-money laundering regulations.

1. Date and Place: Current date and location where the letter is being written

2. Recipient Details: Name and address of the bank/financial institution

3. Subject Line: Clear indication that this is an authorization letter for claiming money

4. Authorizer Information: Full name, address, and identification details of the person giving authorization

5. Authorized Person Information: Full name, address, and identification details of the person being authorized

6. Account Details: Relevant bank account numbers and banking information

7. Authorization Statement: Clear statement of the authorization being granted and the specific amount

8. Duration of Authority: Time period for which the authorization is valid

9. Authentication: Signature of the authorizer, date, and any required witness signatures