Below you’ll find some key dates and information, so you have everything you need in the one place.
If you have Wrap investment clients, you have until 7 July to make your tax elections online for 2019/20 tax reports.
This allows you to customise upcoming tax reports and make choices about CGT reporting and adviser fee deductions for your clients’ tax reports. Tax reports are available online and we’ll send an email to you and your clients once their tax report is available to view/download.
The tax report notification is sent via email only, so please ensure your client’s email addresses are up-to-date. If your client doesn’t have an email on file, please encourage them to update their details so that they can receive a notification.
Your clients can easily update their email address online via online.macquarie.com.au
If you’d like more information about tax elections, go to Adviser Help Centre and view the Wrap Tax category.
Request Centre allows you to submit and manage requests in a faster, easier and more secure way. It’s ready for you and your staff to submit new requests and allows you to:
You can start using Request Centre now by logging into Adviser Online or if you’d like to know more about Request Centre, please see our Adviser Help Centre article or read the Request Centre User Guide.
Our last day of processing for the 2019/20 financial year will be on Tuesday 30 June 2020.
Some tasks have earlier cut-offs, so we recommend reviewing the June processing cut-off calendar below to ensure you’re across the deadlines ahead of time.
It’s important to know that any requests received after their processing cut off date will be completed on a best effort’s basis only.
Tasks where action may be required | Who it affects |
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Wrap tax elections - May to July |
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Tax elections are now open. You have until 7 July to make the elections online. | IDPS clients |
Wrap pension indexation - June |
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You’ll have until 30 June to ensure the pension settings are correct online before the July 2020 pension recalculation. You can do this after the mid-June pension run occurs. | Pension clients |
Wrap pension recalculations - July |
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Also known as ‘the pension freeze’, this will occur in the first week of July, so pensions can be recalculated for the new financial year. You won't be able to make changes to your clients' pensions or withdraw from pension accounts during this time. |
Pension clients |
Work test declarations – July onwards |
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If you have clients aged 65 and over and they wish to contribute to super in 2020/21 FY, they must satisfy the ‘work test’ requirements for the funds to be accepted. If necessary, please ensure your clients submit this. |
Super clients (aged 65+ years who don’t qualify for the work test exemption) |
Macquarie Cash Management Account and Cash Accelerator - June |
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BPAY Deposits, future dated transactions online, manual withdrawals, applications (online and paper), additional deposits (cheque – to branch) and online/phonelink withdrawals have their own cut-off times and dates throughout June. |
CMA and Accelerator clients |
Term deposits - June |
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Please note 31 days’ notice provisions apply to any changes prior to agreed maturity. Applications, additional deposits (on maturity), withdrawals (on maturity) and rollover instructions all have their own cut-off times and dates throughout June. |
Term deposit clients |
If you’d like more information, please visit Adviser Help Centre and search EOFY or Wrap Tax.
Adviser Help Centre has hundreds of articles to help answer common EOFY questions regarding our products, platform and digital functions.
Finding the answers is quick and easy with the search function and will save you precious time. If you can’t find the answer you’re looking for, please call us.
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