The 100-point identity check is a mandatory identification system implemented by the Australian Government to prevent fraud and identity theft. This system applies to various financial and legal transactions, ensuring that individuals are correctly identified before they can open accounts or conduct transactions.
Why the 100-Point Check is Essential
This identification system is not just a formality; it is designed to protect both individuals and businesses from fraud, money laundering, and identity theft. Without proper identification, there is a risk that someone could impersonate another person, leading to financial losses, legal complications, and reputational damage.
When opening a bank account, transferring superannuation funds, or applying for official identity documents such as a passport or driver’s licence, individuals must provide sufficient identification documents to meet the 100-point requirement. This measure ensures that only verified individuals can access financial and government services.
How the 100-Point System Works
Each identification document carries a point value, and individuals must provide enough documents to reach a total of at least 100 points. These documents are categorized into primary and secondary identification, with primary documents carrying higher point values.
Primary Documents (70 points each)
Only one primary document can be used:
- Birth certificate
- Citizenship certificate
- Valid passport (or an expired passport that was current within the last two years)
- Other official identity documents, such as diplomatic documents and refugee identification
Secondary Documents
Secondary documents can be used in combination to meet the 100-point requirement.
40 points each
- Bank statement or reference from a bank where the applicant has been a customer for at least 12 months
- Written reference from an approved authority confirming the applicant’s identity
35 points each
- Mortgage documents or security instruments from a financial institution
- Local government tax or rates notice
- Employment records from the past two years
25 points each
- Credit card or EFTPOS card
- Medicare card
- Utility bills (electricity, water, phone)
- Lease or rental agreement
- Tertiary education records from the past 10 years
Where the 100-Point Check is Required
The 100-point identity check applies to various transactions and services, including:
- Opening or managing a bank account
- Applying for an Australian passport or driver’s licence
- Transferring superannuation funds
- Signing up for mobile phone plans or internet services
- Buying or selling property
- Registering with professional associations
In these cases, failure to provide sufficient identification may lead to delays, account restrictions, or even the rejection of applications.
Preventing Fraud and Identity Theft
One of the key reasons for the strict identity verification process is to prevent identity fraud. If businesses fail to verify customers properly, they may unknowingly facilitate financial crimes or be held responsible for negligence. For individuals, ensuring that their identity is securely verified prevents unauthorized transactions or fraudulent activities in their name.
By implementing the 100-point system, the Australian Government ensures that all financial and legal transactions are conducted by verified individuals, reducing the risk of fraud and protecting both buyers and sellers in transactions.
How Ensure Legal Can Help
Understanding the 100-point identity check can be complex, especially for businesses and individuals navigating legal or financial transactions. Ensure Legal provides expert guidance on identity verification, ensuring compliance with Australian laws. Our services include:
- Advising businesses on identity verification requirements
- Assisting individuals with document preparation for the 100-point check
- Ensuring compliance in property transactions, banking, and superannuation processes
- Preventing identity-related legal risks for businesses and individuals
If you need assistance with identity verification or legal compliance in financial and property transactions, contact Ensure Legal today. Our expert team will guide you through the process to ensure your rights and interests are protected.
