Wrap

Cut off dates

Download the Wrap cut off dates calendar

To ensure transactions are completed before the end of financial year please refer to the recommended times listed below. Where the below deadlines are not met, transactions will be processed in the new financial year.

Please note 30 June falls on a Saturday and as such the last day of processing for the 2011/12 financial year will be on Friday, 29 June 2012. Please refer to the below table for specific cut off dates and times.

Wrap	Cut off time and date to ensure processing by 30 June (Sydney time)		Important Information
Transfers in for managed investments	5 pm	8 June	Dependent on timely completion by external fund manager.
Transfers out for managed investments	5 pm	4 June	Dependent on timely completion by external fund manager.
Transfers in and out for equities: • Issuer sponsored •Broker sponsored
	5 pm	15 June
	5 pm	21 June
Superannuation closures and full product switches (e.g. switch from super to pension)	5 pm	18 June	Excludes non-daily pricing or suspended funds. All documents being fully completed. Delivery depends on the turnaround times of external fund managers.
Direct debit - submit instruction • Super Manager, Super Consolidator, Super Accumulator and Investment Accumulator • Investment Manager  and Investment Consolidator
	5 pm	4 June	For a run date on Tues 5 June
	5 pm	26 June
Direct deposit - submit instruction	5 pm	26 June	Dependant on the cut off times of the transferring bank, transfers processed after Tuesday 26 June may not be received until the next financial year. Note - real-time gross settlement payments are not accepted into Super accounts through direct deposit.
Fee changes	5 pm	25 June
Adviser changes	5 pm	25 June
BPAY® - submit instruction	5 pm	26 June	Dependant on the cut off times of the transferring bank, transfers processed after Tuesday 26 June may not be received until the next financial year. Note: real-time gross settlement payments are not accepted into Super accounts through direct deposit. Please refer to the BPAY® biller codes and reference numbers on the Contributions tab of this page.
Withdrawals from cash account for: • Investment Accumulator • Super Accumulator • Super and Pension Manager, Super and Pension Consolidator (including RTGS - same day transfers)	11 am	29 June
New applications	12 noon	29 June
Withdrawals from Investment Manager cash hub and Investment Consolidator Cash Account	2 pm	29 June
Additional deposits into: • Investment Accumulator • Super Accumulator, Super and Pension Manager • Super and Pension Consolidator	3 pm	29 June
Interstate cheque deposits	3 pm	29 June
Additional deposits into Investment Manager and Investment Consolidator	4 pm	29 June
Deduction notices for personal contributions	11 am	29 June	For the associated contributions tax transaction to be reflected on or prior to 30 June 2012 you must provide the deduction notice by 11 am. Please see deduction notice information below.

* Transfers out apply only to Investment Manager and Investment Consolidator.

® Registered to BPAY Pty Limited ABN 69 079 137 518

Deduction notices for personal contributions made in 2010/11

For personal contributions made in the 2009/10 year, the deadline for submitting deduction notices (for clients who haven't yet lodged their 2010/11 tax returns) is 11 am 29 June 2012. Valid deduction notices received after 11 am 29 June will be processed and acknowledged in the new financial year. Please refer to the 'Claiming tax deductions for personal contributions' section on the Contributions tab of this page.

Under tax legislation, your clients will not be eligible for a deduction for their 2010/11 personal contributions if their deduction notice is received after 30 June 2012. Please note that 30 June 2012 falls on a Saturday and as such Macquarie will not be able to accept deduction notices on 30 June 2012.

Reminder: effective date of an in-specie contribution

When your clients are making in specie contributions, it is important to keep in mind that the effective date of an in-specie contribution is when beneficial ownership of the asset is acquired by the fund. 

This occurs on the day that we receive the correctly completed transfer paperwork, in line with the ATO's contributions ruling (TR 2010/11 Income tax: super contributions). The value of the contribution will be the market value of the assets on this day.

Important information

Delays due to Australia Post could result in contributions and rollovers being processed on or after 1 July.

 

® Registered to BPAY Pty Limited ABN 69 079 137 518

Applications and transfers

Applications

To set up a Macquarie Wrap account, your client will need to complete an application from the relevant PDS or product guide.

The Wrap website contains our full range of Wrap brochures and forms, including application forms.

You must be registered with Macquarie Wrap service to access the Wrap website. For information on how to register, contact us on 1800 025 063.

In-specie transfers

When making transfers, please note that we rely on third parties such as product issuers and other custodians to provide some information. Any delays in receiving this information may delay the time taken for us to process the transaction.

Transfers Guide

Our Asset Transfers Guide contains essential information about transferring clients in to Wrap. Use this document to identify the correct paperwork and information for each transfer your clients wish to complete.

Transfer Tips
• When processing Wrap transfers or redemptions for Margin Lending accounts, allow enough time for the margin lender to sign off on the transaction

• When requesting a Wrap account to be closed, include the correct bank details on the closure requests and ensure no corporate actions are outstanding. For Super and Pension accounts, funds must be available in cash before we are able to close it

• When processing Wrap transfers, make sure the cost bases match those on the transfer documentation.

Making contributions

The following table lists the type of transaction your clients may want to place, along with instructions and the paperwork required.

Transaction type	Paperwork required	How to send funds to clients' accounts
Direct debit	Direct debit request	The direct debit request form authorises us to automatically debit funds on a specific day of the month from another financial institution and credit the contributions to your client’s account Investment Accumulator, Super Accumulator, Super Manager and Super Consolidator: As these funds are debited from external bank accounts on the 8th of the month, please ensure that we receive instructions by 4 June 2012 in order to be received into your client’s account before the end of the financial year.
Direct deposits (see below)	Investment Manager and Investment Consolidator: no paperwork is required Investment Accumulator, Super Manager, Super Consolidator and Super Accumulator: Direct deposit facility request form.	Investment Manager and Investment Consolidator: Clients can electronically transfer funds using their financial institution's telephone or internet banking services, to their Macquarie CMA, by specifying their BSB and account number. Investment Accumulator, Super Manager, Super Consolidator and Super Accumulator: Clients can electronically transfer funds, using their financial institution's telephone or internet banking, to their cash account, using BSB 182799 and their account number. Direct deposits take up to two days to be deposited into your client's account. Please allow for this.
BPAY®	No paperwork required	To ensure BPAY® contributions are received before 30 June, BPAY® instructions must be submitted no later than 5pm Tuesday, 26 June. Otherwise, contributions may not be received until the new financial year. Some financial institutions can take more than two business days to process BPAY® transactions. Please consider this when making last minute contributions. All BPAY® personal contributions will be processed as non-concessional contributions. If your client wishes to claim a tax deduction for these contributions, they need to complete a deduction notice for personal contributions, available from the Wrap website. Please refer below for the details of BPAY® biller codes and reference numbers. Your clients' 10 digit customer reference number can be found on their statement or is available from us.  BPAY® biller codes Accounts Customer reference number 20206 Macquarie CMA (for Investment Manager) CMA account number 667022 Investment Consolidator Refer to the account details report 423152 Investment Accumulator Refer to the account details report 423004 Super Manager and Super Consolidator - Personal Cont Refer to the account details report 423012 Super Manager and Super Consolidator - Employer Cont Refer to the account details report 423020 Super Manager and Super Consolidator - Spouse Cont Refer to the account details report 423038 Super Accumulator - Personal Cont Refer to the account details report 423046 Super Accumulator - Employer Cont Refer to the account details report 423053 Super Accumulator - Spouse Cont Refer to the account details report
Rollover	- Cheque - Rollover benefits statement	Please post to: GPO Box 4045 Sydney NSW 2001
Cheque deposits (see below)	- Cheque - Either: a New Application form or an Additional Investment form	Cheques should be made out as follows: MIML - Super and Pension Manager (client account name) MIML - Super Accumulator (client account name) MIML - Investment Manager (client account name) MIML - Investment Accumulator (client account name) MIML - Investment Consolidator (client account name) MIML – Super and Pension Consolidator (client account name) The cheque payee must include the client's account name to ensure same day processing. Please post to: GPO Box 4045 Sydney NSW 2001
Withdrawal	Withdrawal form or letter specifying withdrawal components	Please post to: GPO Box 4045 Sydney NSW 2001 fax to: 1800 025 175
Transfers	Refer to Transfer guide  (ASTF, Transfer letter, cost base history)	Please post to: GPO Box 4045 Sydney NSW 2001 fax to: 1800 025 175

®Registered to BPAY Pty Limited ABN 69 079 137 518

The Wrap website contains our full range of Wrap brochures and forms.

You must be registered with Macquarie Wrap service to access the Wrap website. For information on how to register, contact us on 1800 025 063.

Claiming tax deductions for personal contributions

If your client intends to claim a tax deduction personally for their contributions, they should send us a completed deduction notice form, available from the forms page of the Wrap website

It is important when claiming a tax deduction for personal contributions, a client must meet certain eligibility conditions. These include a requirement for a valid deduction notice to be submitted by the client and acknowledged by the fund.

To find out more please click on:

• Key information on claiming a tax deduction for personal contributions
• Tips for avoiding common traps with tax deductions for personal super contributions

Under tax legislation, clients must meet certain conditions in order to be eligible to claim a deduction and they must provide their deduction notice within certain time frames. A deduction notice for a personal contribution is not valid (and therefore cannot be accepted by a fund) in certain circumstances, such as after a pension has commenced based in whole or part on the contribution, or where the fund no longer holds the contribution.

There must be sufficient available cash to cover the applicable tax liability before the deduction notice can be processed.

For information in relation to changes that apply to deduction notices for contributions made on or after 1 July 2011, please click here

Reminder: effective date of an in-specie contribution

When your clients are making in-specie contributions, it is important to keep in mind that the effective date of an in-specie contribution is when the beneficial ownership of the asset is acquired by the fund.

This occurs on the day that we receive the completed transfer paperwork, in line with the ATO's final contributions ruling (TR 2010/11 Income tax: super contributions). The value of the contribution will be the market value of the assets on this day.

Contribution caps

It is important to be mindful of contribution limits when making contributions, as clients may incur significant tax penalties if they exceed the limits.

For further information, please refer to ATO Website

 

®Registered to BPAY Pty Limited ABN 69 079 137 518

Forms and documents

Application forms

To set up a wrap account, you and your client will need to complete an application from the relevant PDS or product guide.

The Wrap website contains our full range of Wrap brochures and forms, including application forms.

You must be registered with Macquarie Wrap service to access the Wrap website. For information on how to register, contact us on 1800 025 063.

Product information

Investment Accumulator product flyer

Investment Manager product flyer

Super Accumulator product flyer

Super Manager product flyer

Consolidator Series flyer

Macquarie Wrap webpages