We’ve issued supplementary offer documents for our investment (IDPS), superannuation and pension products from Friday 31 May 2024. These are attached to the front of our existing offer documents and can be viewed online for the following products:
Macquarie Wrap
Macquarie Vision
Macquarie Premium Portfolio Service.
We’re also contacting your new clients (those who opened accounts in May and June) to make sure they’re aware of the updates to their offer documents.
What's changed?
- GST changes to adviser service fees – from June 2024
- Adviser service fees accrued and charged through the platform will no longer receive the benefit of RITCs. This means adviser service fees charged to clients’ Wrap accounts will be inclusive of 10% GST (an increase of 7.5%).
- Some fees accrued before June 2024 may also be impacted.
- This change is being made due to the ATO’s updated guidance.
- In-flight Macquarie Wrap applications – must be submitted by 28 June 2024
- Any Print, Sign and Upload applications signed before Friday 31 May 2024 must be submitted by close of business Friday 28 June 2024.
- Any Print, Sign and Upload applications signed before Friday 31 May 2024 must be submitted by close of business Friday 28 June 2024.
Need help?
If you have any questions, please speak with your relationship manager or get in touch with us through live chat in Adviser Online.