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Subantarctic Mode Water (SAMW) in the Pacific forms in two distinct pools in the south central and southeast Pacific, which subduct into the ocean interior and impact global storage of heat and carbon. Wintertime thickness of the central and eastern SAMW pools vary predominantly out of phase with each other, by up to ±150 m between years, resulting in an interannual thickness see‐saw. The thickness in the eastern (central) pool is found to be strongly positively (negatively) correlated with both the Southern Annular Mode (SAM) and El Niño–Southern Oscillation (ENSO). The relative phases of the SAM and ENSO set the SAMW thickness, with in phase reinforcing modes in 2005–2008 and 2012–2017 driving strong differences between the pools. Between 2008 and 2012 out of phase atmospheric modes result in less coherent SAMW patterns. SAMW thickness is dominated by local formation driven by SAM and ENSO modulated wind stress and turbulent heat fluxes.

In the Southern Hemisphere, the ocean's deep waters are predominantly transported from low to high latitudes via boundary currents. In addition to the Deep Western Boundary Currents, pathways along the eastern boundaries of the southern Atlantic, Indian, and Pacific transport deep water poleward into the Southern Ocean where these waters upwell to the sea surface. These deep eastern boundary currents and their physical drivers are not well characterized, particularly those carrying carbon and nutrient‐rich deep waters from the Indian and Pacific basins. Here we describe the poleward deep eastern boundary current that carries Indian Deep Water along the southern boundary of Australia to the Southern Ocean using a combination of hydrographic observations and Lagrangian experiments in an eddy‐permitting ocean state estimate. We find strong evidence for a deep boundary current carrying the low‐oxygen, carbon‐rich signature of Indian Deep Water extending between 1,500 and 3,000 m along the Australian continental slope, from 30°S to the Antarctic Circumpolar Current southwest of Tasmania. From the Lagrangian particles it is estimated that this pathway transports approximately 5.8 ± 1.3 Sv southward from 30°S to the northern boundary of the Antarctic Circumpolar Current. The volume transport of this pathway is highly variable and is closely correlated with the overlying westward volume transport of the Flinders Current.