Payments are allocated to member accounts based on the six-digit reference member along with the bank account name details of the payer. Any payment from an account whose account name does not directly match the name of the member will be treated as a third-party contribution. These will normally be payments from parents or other whānau members and employers. Member contributions and third-party contributions will both qualify for Matched Savings.
There is no disadvantage to the Member in having funds allocated to the third party account as it has been created to separate member contributions from other contributions thereby providing possible protection of these contributions and associated earnings in the case of relationship breakdown and/or bankruptcy.