n-link Transactions and Account Maintenance

Transcription

1 n-link Transactions and Account Maintenance Transaction/Amendment New Business Create an account / lodge an application: New Pension Account *Where there are multiple rollovers before transferring to pension, all funds must be accumulated in a Super account before transferring to a Pension account. The Pension payments are to start within a month of opening a Pension account. Investment (Individual, Individual-In Trust For) Super (including erollover) Full Super Transfer Pension* Full Pension Transfer Partial Pension Transfer Investment Company Estate Joint Tenants Partnership Super Fund Trust Account with Margin Lending Yes /Fax or Post the mination of Beneficiary form (only if making a Binding mination) Post the original Standard Transfer Form/s (STFs) only if requesting external in specie transfer n-link New Business Application forms ID documents refer to Customer Identification Guideline, page 11 Direct Debit Request or bank details including joint or third party accounts (if applicable) Applied once New Business Application is submitted on n-link and verified by administration Account Number will be displayed in the Navigator Online Transaction Confirmation Record print out The Direct Debit is processed on the date specified, subject to all fields filled out correctly Addition Add additional funds (cheque, BPAY and EFT) One off direct debits Yes n/a Applying funds to the account is dependent on when funds are received by Navigator External In species As part of New Business or Additions to an existing account Post: Original Standard Transfer Form(s) : Incomplete Parcel History declaration (if applicable) Applied once document is verified n-link User Guide 1

2 Transaction/Amendment Switch Create a switch Create a fast track switch with NAB or CBA Wide Bay or Leveraged Equities (existing fund) with Wide Bay or Leveraged Equities (new approved fund) : Pre-populated Switch Instructions form on n-link with BT or Value minees All Margin Lending non approved funds Re-weight Create or add a re-weight with NAB or CBA with Wide Bay or Leveraged Equities (existing fund) with Wide Bay or Leveraged Equities (new approved fund) with BT or Value minees : Pre-populated Re-weighting Instructions form on n-link Separately Managed Account (SMA) Transfer Create a SMA Transfer Yes n/a Consolidated daily. For SMA models with only listed securities, confirmation from Third Party Brokers is within 5 business days from the date of submission. Multi-Asset portfolios that contain managed funds can take 5-10 business days. Share Trading Create a share trade Margin Lending (Approved Shares) Margin Lending (n Approved Shares) your Switch Instructions request to services@mlc.com.au continued on the next page n-link User Guide 2

3 Transaction/Amendment Investor Details Add or delete investor address and contact details Bank Accounts Add or delete bank accounts Pre-populated Account Amendment form on n-link Applied once document is verified Selecting existing bank accounts as minated Yes n/a Applied once request is verified Reinvestment of Earnings Edit reinvestment of earnings Regular Investment Facility (RIF) Your client must already have a bank account set up in order to use this facility on n-link Create a new RIF Edit existing RIF (Change to an existing bank account) Edit existing RIF (frequency and amount of facility only) Suspend/Resume/Close RIF Yes n/a Applied once request is verified To new bank account Margin Lending Pre-populated Account Amendment form on n-link Regular Withdrawal Facility (RWF) Your client must already have a bank account set up in order to use this facility on n-link Create a New RWF Edit existing RWF (change to an existing bank account) Suspend/Resume RWF Edit existing RWF (frequency and amount of facility) Close RWF Yes n/a Applied once request is verified To new bank account Margin Lending Pre-populated Account Amendment form on n-link Automatic Income Distribution Facility (AIDF) Your client must already have a bank account set up in order to use this facility on n-link Create a new AIDF Yes n/a Applied once request is verified Close Edit AIDF (change to an existing bank account) To new bank account Margin Lending Yes n/a Pre-populated Account Amendment form on n-link Applied once request is verified continued on the next page n-link User Guide 3

4 Transaction/Amendment Progressive Investment Facility (PIF) Additional Investment Facility (AIF) Regular Pension Facility (RPF) Please add additional bank accounts via Bank Accounts link Adviser Ongoing Service Fee Add new PIF Edit/Suspend/Resume/ close existing PIF Add new AIF Edit existing AIF Close AIF Edit existing RPF (payment frequency, annual or per payment pension required, next payment date, suspend, change to a different existing bank account) Edit or Add an Adviser Ongoing Service Fee Ad-hoc Adviser Service Fee Apply ad-hoc Adviser Service Fee Pre-populated Adhoc Adviser Service Fee form on n-link Applied once document is verified Tax Optimisation Change Tax Optimisation (FIFO/HCFO) Sell down sequence Adjust sell down order Fee Linking Adding/removing members to a fee linking group Corporate Actions Accept corporate actions Term Deposit Rollovers *Same TD supplier and maturity period Rollover of Term Deposit Yes n/a Rollover request is flagged immediately Recurring Sell continued on the next page Recurring sells for illiquid funds Yes n/a Recurring sell is flagged immediately n-link User Guide 4

5 Transaction/Amendment Withdrawal Withdrawals are limited up to 75% of the account balance via n-link. For account closures a copy of a completed Withdrawal Form can be sent to MLC. Create withdrawal From accounts with: *Create Straight Through Withdrawal Pre-populated Withdrawals form on n-link Pre-populated Withdrawals form on n-link Withdrawal will be finalised once required documents are received *Client must have ereporting and nominated bank account set up prior to making a straight through withdrawal. Refer to n-link User Guide for further exclusions n-link User Guide 5

6 Customer Identification Guideline Entity types Individual Trust Regulated/SMSF Trust Unregulated Proprietary Company Unregulated Submit new application n-link application Advisor to: Input customer ID information in the AML Details tab on n-link, and retain all relevant ID documents only Provide Navigator with access to the investor s identification documentation if they require it at any time in the future Paper application Signed application form with Record of Identification section correctly completed and original certified ID documents OR Signed application form with Individual and Sole Trader FSC form, accompanied by certified copy of identification (such as drivers licence or passport) Obtain a certified copy of the Trust Deed and Super Fund Lookup from abn.business.gov.au Complete an Australian Regulated Trusts FSC form, or if a foreign trust an Unregulated Australian Trusts & Foreign Trusts FSC form, including the details of one trustee (individual or company) certified copy of the Trust Deed and Super Fund Lookup FSC forms Complete an Unregulated Australian Trusts & Foreign Trusts FSC form Obtain an original or certified copy of the Trust Deed, or certified extract of the Trust Deed. Extracts of Trust Deeds must include the name of the Trust, Trustees, Beneficiaries, Settlors and Appointers, where applicable If there is a corporate trustee or protector/appointer company, complete an Australian or Foreign Companies FSC form following the verification procedure in Section 3 for the company type as detailed above Complete an Individuals and Sole Traders FSC form for all Individual Trustees and Beneficial Owners. If there are more than 2 trustees, you can complete the form for one Trustee and one Protector/Appointer. original or certified copy of the Trust Deed or certified extract of the Trust Deed Complete an Australian Companies FSC form, following the standard verification procedure in Section 3 n-link User Guide 6

7 Entity types Proprietary Company Majority owned subsidiary of an Australian Public Listed company or Regulated Company Public Company Australian Public Listed company, Majority owned subsidiary of an Australian Public Listed company, Regulated Company Public Company Unlisted Foreign Public Company Public Listed company, Majority owned subsidiary of an Australian Public Listed company, Company Regulated in Australia Foreign Public Company Unlisted Submit new application Complete an Australian Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete an Australian Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete an Australian Companies FSC form, following the standard verification procedure in Section 3 Complete a Foreign Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete a Foreign Companies FSC form, following the standard verification procedure in Section 3 n-link User Guide 7

8 Entity types Foreign Proprietary Company Majority owned subsidiary of an Australian Public Listed company, Company regulated in Australia Foreign Proprietary Company Unregulated Partnership Estate Submit new application Complete a Foreign Companies FSC form, following the simplified verification procedure in Section 3 Obtain a Managing Director/Senior Managing Official s details as the company contact FSC form Complete a Foreign Companies FSC form, following the standard verification procedure in Section 3 Complete a Partnerships & Partners FSC form Obtain the original, a certified copy or a certified extract of the Partnership Agreement, or a certified copy or certified extract of the minutes of a partnership meeting where the office bearers were appointed Complete an Individuals and Sole Traders FSC form for at least one partner, if not already provided as a Beneficial Owner original, certified copy or certified extract of the Partnership Agreement or Partnership meeting where the office bearers were appointed Complete an Unregulated Australian Trusts & Foreign Trusts FSC form Obtain a certified copy of the Trust Deed, if a trust is involved If there is a corporate trustee, complete an Australian or Foreign Companies FSC form following the verification procedure in Section 3 for the company type as detailed above Complete an Individuals and Sole Traders FSC form for each individual Executor (if no trustee involved), or each individual Trustee certified copy of the Trust Deed, if a trust is involved, n-link User Guide 8

9 Entity types Association Registered Co-operative Government Body Foreign Submit new application Complete an Associations FSC form Obtain certified copy of the rules or constitution of the association Obtain certified copy of the minutes of the association meeting where the office bearers were appointed If an unincorporated Association, complete an Individuals and Sole Traders FSC form for at least one member, if not already provided as a Beneficial Owner certified copy of the rules or constitution of the association certified copy of the minutes of the association meeting where the office bearers were appointed Complete a Registered Co-operatives FSC form Obtain certified copy of the certificate of registration or certified copy of minutes of meeting Obtain complete an Individuals and Sole Traders FSC form for a Managing Director/Senior Managing Official certified copy of the certificate of registration or certified copy of minutes of meeting Complete a Government Body FSC form A n-link User Guide 9