Additional Terms and Conditions for Adviser Initiated Digital Requests

With your authority, your adviser is able to place instructions including to make payments, in relation to your account through Adviser Online. To process some of these instructions, we may require your approval and/or you may be required to agree to additional terms and conditions.

We may change these terms and conditions at any time without prior notice so it is important that you always read the applicable terms and conditions before providing your approval.

How is a request authorised when using Adviser Online?

Some, but not all, requests placed by your adviser through Adviser Online requires your approval. Where your adviser selects to obtain your approval through Macquarie Authenticator, all signatories to the account will receive a task in their Macquarie Authenticator app which will need to be reviewed. Please note for accounts that require two or more signatories, the required number of account holders must authorise the instruction.

The following terms and conditions apply to Macquarie Superannuation and Pension accounts, which are part of the Macquarie Superannuation Plan (ABN 65 508 799 106) (the Fund). The trustee for the Fund is Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237492 RSEL L0001281 (the Trustee).

By approving a superannuation or pension withdrawal or rollover request, I am making the following declarations:

• In the event I request for a withdrawal or rollover from a pension that results in the remaining balance being less than the minimum pension for the year, I authorise the Trustee to pay part of the withdrawal or rollover amount as a pension payment to satisfy the minimum pension requirements. I acknowledge this may alter the tax or transfer balance cap outcomes of the withdrawal or rollover.
• If the destination fund is a self managed superannuation fund (SMSF), I confirm that I am a member of the SMSF.
• I have received, read, and understood the relevant, current Product Disclosure Statement, including the ‘How do I withdraw?’ section. I acknowledge and declare that I request to withdraw or rollover the amount requested from my superannuation/pension account (whichever is applicable).

If your account contains a UK transfer amount 

I acknowledge and declare that either:

• I have been a UK tax resident at any time in the current or previous five UK tax years, or
• it has been less than 10 years since the original transfer from the UK pension scheme

then the Trustee will report details of my withdrawal, rollover or first pension payment to UK HM Revenue & Customs and I may be responsible for UK taxes.

I indemnify the Trustee from any liability where incomplete, incorrect or non-disclosure of a UK transfer amount, either by myself or a third party, results in my being assessed for a tax impost by UK HM Revenue and Customs.

If your account contains UK sourced benefits transferred after 6 April 2015 

I acknowledge and declare that for a withdrawal request or pension application, my entitlement to a benefit payment is consistent with the QROPS regulations, as I have either:

• reached the age of 55, or
• provided the Trustee with evidence from a registered medical practitioner that I am (and will continue to be) incapable of carrying on my occupation because of physical or mental impairment and I have ceased to carry on my occupation.

I hereby request that the rollover institution named in the request complete the transfer of benefits from my account/policy to Macquarie Investment Management Limited (MIML) ABN 66 002 867 003 AFSL 237 492 as trustee of the Macquarie Superannuation Plan (SFN 266 912 946, ABN 65 508 799 106), a superannuation fund established to comply with the requirements of the Superannuation Industry (Supervision) Act. By giving this authorisation to transfer my benefits:

• I hereby give the rollover institution named in the request authority to provide any and all relevant information to MIML.
• I discharge the trustee of the paying fund from any further liability in respect of the superannuation benefits transferred to MIML.
• I am aware that I may ask the trustee of my previous fund for information to understand any benefit entitlements that I may have, including information about any fees or charges that may apply to the rollover, or information about the effect of the rollover on any benefit entitlements I may have, and I do not require any further information.
• I authorise the deduction of any withdrawal and/or termination fees that may be applicable as a result of the transfer.
• If transferring the entire balance, I acknowledge that any insurance cover that may be held in my previous fund will be cancelled and, where applicable, I have arranged appropriate alternative cover.
• If transferring the entire balance, I have arranged for any regular contributions that may be being made to my existing fund to be directed to another super fund.
• I acknowledge that rolling over my benefit will limit my ability to lodge or vary any deduction notice with my previous fund.