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Home» Personal» Investments» Specialised investments» Unlisted» Macquarie Equity Lever

Macquarie Equity Lever

Think SMSF. Think opportunity. Think Equity Lever.

Features
More information
Interest rates
Tools

Features

Macquarie Equity Lever (Equity Lever) is a unique investment opportunity designed to help you grow your Self Managed Superannuation Fund (SMSF).

Equity Lever provides you with leveraged exposure to select ASX-listed securities through Instalment Receipts, allowing you to benefit from any growth and income potential.¹

Now available - Equity Lever on Class Super

Equity Lever data is now available on one of Australia's leading online administration solutions, Class Super.

The new initiative means that you can now receive up-to-date information about your Equity Lever facility from your SMSF administrator who uses Class Super. This includes information about the current status of your investments as well as consolidated and timely transaction and tax reporting.

To find out more, please contact your financial adviser or visit the Class Super website.

Key benefits

Flexible leverage up to a maximum (currently 50 per cent of the value of the Underlying Securities)
Access to all capital growth, distributions and any franking credits on the securities (subject to your individual circumstances)
Choice between a variable or fixed Interest Rate
Limited recourse and no personal guarantees
Access to international equities markets through a range of Exchange Traded Funds and Listed Investment Companies
$20,000 minimum investment
Low cost structure.

Risks

There may be significant risks associated with investing in Equity Lever, including:

The risk that the Underlying Securities that you select will perform poorly over time and decrease the value of your Instalment Receipt and/or result in an Instalment Acceleration Event
The risk that leverage incorporated in the Instalment Receipts will magnify losses
The risk of the occurrence of an Instalment Acceleration Event requiring the sale of the Underlying Securities
The risk that because the Instalment Receipts are not listed you may not be able to buy or sell your instalment receipts when you want to
The risk of Macquarie or the Security Trustee not performing their obligations under the Instalment Receipts
The risk that the value of your Instalment Receipts may not increase sufficiently to cover all interest and other amounts paid in respect of those Instalment Receipts
The risk that the completion date of your Instalment Receipts may be brought forward in a number of circumstances
The risk of a change in tax or superannuation laws
The risk of a rise in interest rates.

For a full description of the risks, see section four of the Equity Lever Combined Product Disclosure Statement and Financial Services Guide dated 1 February 2011.

More information

Issuer of the Instalment Receipts	Macquarie Bank Limited ABN 46 008 583 AFSL 237 502 (Macquarie)
Type of investment	A Facility to acquire unlisted Instalment Receipts from Macquarie over certain securities listed on the ASX
Minimum investment	$20,000
Fees	Issuance Fee - included in the initial amount payable under an Instalment Receipt Brokerage - payable on closure of an Instalment Receipt Adviser Investment and Closure Brokerage (if applicable) Transfer fee Direct debit dishonour fee
Underlying investment	Most of the ASX 100 plus a number of other ASX-listed securities including: Exchange-Traded Funds and Listed Investment Companies. Click here to download the Approved List.²
Investment term	Generally 10 years, however there are no break costs for early closure (unless the Interest Rate is fixed); and the investment can be extended at the end of 10 years
Types of Interest Rates	Variable Interest Rate, capitalised monthly in arrears or Fixed Interest Rate, capitalised annually in advance All interest payments are capitalised. For current interest rates please view the interest rates tab or contact Macquarie
Income	Distributions are applied against the amounts outstanding under the Instalment Receipts as the default. Where the amounts outstanding under your Instalment Receipts are less than 40 per cent of the value of the Underlying Securities, you can elect to have distributions paid to your nominated bank account
Recourse	Limited to the proceeds which Macquarie receives from exercising its rights under the Security Interests to dispose of the entire Underlying Portfolio
Who can invest?	SMSFs and, with Macquarie’s consent individuals, companies and non SMSF trusts

Interest rates

The table below outlines the current indicative Interest Rates for Equity Lever.

Standard variable Interest Rate	9.35%pa^#
Standard 12 month fixed Interest Rate	8.55%

These rates would apply to Instalment Receipts issued today.* The rate that would apply to Instalment Receipts issued after this date would be the rate appearing on this website on that date.*

* Subject to any adjustments agreed to by your clients. The applicable Interest Rate will be confirmed in the Investment Confirmation or Fixed Interest Rate Confirmation issued to your clients by Macquarie.

# Effective Tuesday 15 May 2012.

Tools

Welcome to the Macquarie Equity Lever tools page. Here you will find a wide range of useful resources providing you with valuable information about the product, including Equity Lever offer documents as well as brochures and forms.

If you have any questions, please contact your financial Adviser or the Client Services Team on 1800 080 033.

Equity Lever offer documents

New or potential Equity Lever investors

For new or potential investors applying for an Equity Lever Facility after 1 February 2011.

IMPORTANT: the Short Form PDS is to be provided and read with the EQL PDS.

Information incorporated by reference into the 2011 EQL PDS

Existing Equity Lever investors

For investors with an existing Macquarie Equity Lever Facility as at 1 February 2011.

Tools and resources

Product flyer
Approved List
Pre-selected portfolios list
Pre-selected portfolios research report
Investment Instruction Form
SMSF Investment Acknowledgment Form
Financial Services Guide for Bond Street Custodians
Guide to your Macquarie tax statement 2010/11
Third Party Data Authority Form
Complete this form to authorise Macquarie to disclose current and historical Equity Lever account and transactional details to Class Super Pty Ltd.

Contact us

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1800 080 033

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Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice contained in this website and before making any investment decision we recommend that you consider whether it is appropriate to your situation and seek appropriate financial, taxation and legal advice. We recommend that you read our Financial Services Guide before deciding whether to obtain financial services from us. If an offer document is available for a product referred to on this site, you should read it before making any investment decision. Information on this website is intended for residents of Australia only.

Except for Macquarie Bank Limited (MBL) (Australian Credit Licence (ACL) 237502) ABN 46 008 583 542, any Macquarie entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Information on this website is intended for residents of Australia only.

¹ Trustees of superannuation funds who propose to invest in Instalment Receipts through an Equity Lever facility should be aware of their obligations to formulate and implement an appropriate investment strategy that has regard to the whole of the circumstances of their fund and to act in the best interests of the members of the fund.

² Underlying Securities available are contained on the Approved List, available via macquarie.com.au/equitylever, or as otherwise agreed with Macquarie. The Approved List does not constitute a recommendation in relation to the related Underlying Securities and must not be construed as an express or implied endorsement of the Underlying Securities.

This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502 (Macquarie), as issuer of Macquarie Equity Lever (Equity Lever) and is current as at

17 February 2011. Its content has been prepared for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before acting on this general advice, investors must consider its appropriateness having regard to their own financial objectives, financial situation and needs.

An offer to acquire a new Equity Lever Facility and Instalment Receipts under that Facility is made in the Macquarie Equity Lever Combined Product Disclosure Statement and Financial Services Guide dated 1 February 2011 and the Short Form PDS dated 1 February 2011 (collectively the "2011 PDSs"). An offer to acquire Instalment Receipts under an Equity Lever Facility issued before 1 February 2011 is made in the Macquarie Equity Lever Combined Product Disclosure Statement and Financial Services Guide (FSG) dated 14 March 2008, and the Supplementary Product Disclosure Statement dated 14 May 2008 (collectively "the 2008 PDS"), as updated on the website macquarie.com.au/equitylever. In deciding whether to acquire or continue to hold an investment in an Instalment Receipt through an Equity Lever Facility, an investor should obtain a copy of the relevant PDSs together with any updates on the website macquarie.com.au/equitylever and consider their contents. All potential investors should also obtain financial, legal and taxation advice before making any decision about whether to acquire an Instalment Receipt. The 2011 PDSs and the 2008 PDS are available at 1 Martin Place, Sydney or by phoning 1800 080 033.

The Instalment Receipts Deed dated 20 March 2008, as amended, also contains Equity Lever terms and conditions and a copy can be viewed at 1 Martin Place, Sydney NSW 2011.

Macquarie or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, issuer or adviser. Macquarie or its associates may receive fees, brokerage or commissions for acting in these capacities. In addition, Macquarie or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information.

Investments in Instalment Receipts are not deposits with or liabilities of Macquarie Bank Limited, or of any entity in the Macquarie Group, and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither of Macquarie Bank Limited nor any other member of the Macquarie Group guarantees any particular rate of return or the performance of the Instalment Receipts, nor do they guarantee the repayment of capital from the Instalment Receipts.

You may contact Macquarie in 1800 080 033.

In this information a reference to Macquarie Group shall be a reference to Macquarie Group Limited and its related bodies corporate.