Transfer into super and pension accounts from an external source (rollover)

You can roll over the following assets into your Macquarie Super or Pension account:

• Broker-sponsored securities within a SMSF
• Equities or managed funds from an external platform or custodian
• Issuer sponsored securities
• Managed funds from a SMSF with direct holdings with the fund manager.

Things you should know before you get started

• The assets must be available on the applicable Investment Menu to be held on platform.
• All transfers into fund superannuation accounts will occur as a change of beneficial ownership (CBO) transfer and will trigger a CGT event. This is because the beneficial owner of the account is the superannuation plan, not the member.
• For transfers of Managed Funds that are held with an external platform/custodian, please contact the platform/custodian and provide them with any documents/information required to initiate the transfer on their end.
• For pension accounts, please ensure you don’t exceed the transfer balance cap. Pension starting values are calculated after all assets, rollovers and/or contributions are received, and may differ to the initial transfer value due to market movement.
• For custodians, we need a request signed by the client (eg Closure Letter)
• For assets coming from a company account or an account with a corporate trustee:
  • Any forms must be signed by the correct individuals, as per the following guidelines:
    • Two Directors, or
    • A Director and Company Secretary, or
    • The Sole Company Director and Sole Company Secretary
• Rollover Benefit Statement (RBS) can be signed by the client or an authorised person (eg adviser, accountant, etc).       

For all transfers in as a rollover, you'll need to complete

•  Superannuation Asset Transfer form completed with the following:
  • Account name and number of the Superannuation/Pension account
  • Rollover box ticked with rollover date provided
  • Form signed by the owner of the Wrap account
• For existing pension accounts, please also submit a Pension Update Request signed by your client. 

You’ll also need to provide one of the below forms based on type of rollover. 

For rollovers from broker sponsored securities within a SMSF, you’ll also need: 

• Broker Transfer Request form completed with the following:
  • Client’s Wrap account number
  • Asset name, code and number of units to be transferred for all assets being transferred from the same HIN
  • External account name (Securityholder Name Box)
  • Current registration details of client’s holding – name and address
  • HIN of the external broking account (or PID and account number if held with a custodian)
  • Signed by the directors/trustees.

• Original Australian Standard Transfer Form for same asset to be transferred and completed with the following:
  • Asset name, APIR/Security code and number of units to be transferred. Unit provided in words as well.
  • Seller: name of the account held with the share registry, and signed by the trustees/directors/owners of the external account
  • Buyer: Bond Street Custodians Ltd (include client’s account number). Leave signature blank for us to complete
  • Consideration: the rollover value for each asset must fall within 5% of the closing market price on the elected rollover date
  • The rollover date: Each asset must fall after or on the account opening date and within 60 days of Wrap receiving the transfer paperwork.

• Signed and dated Rollover Benefits Statement for the total value of all assets being rolled over into the Super/Pension account, as per the rollover values chosen for the transfer.

For rollovers in of equities or managed funds from an external platform or custodian, you’ll also need: 

• Copy of the signed transfer instruction that was sent to the external platform/custodian to initiate the transfer
  • The external platform will generate the Rollover Benefit Statement (RBS) for all superannuation and pension assets transferred via rollover
  • The external platform will generate additional ASTFs required to transfer the managed funds, which will be sent to us to sign and used to facilitate the transfer with the Fund Managers.

For rollovers from issuer sponsored securities, you’ll also need: 

• Original Issuer Transfer Request form for each asset being transferred, completed with the following:
  • Client’s Wrap account number
  • Asset code, name and number of units to be transferred
  • SRN of client’s holding
  • Current registration details of client’s holding – name and address
  • Signed by clients registered on external account.

• Original Australian Standard Transfer Form (with BSCL as the buyer) for each asset to be transferred, completed with the following:
  • Asset code, name and number of units to be transferred. Unit provided in words as well
  • Seller: Name of the external account (including investor number), signed by the account holder/s
  • Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete
  • Consideration: The rollover value for each asset must fall within 5% of the closing market price on the elected rollover date. The rollover date for each asset must falls after or on the account opening date and within 60 days of Wrap receiving the transfer paperwork.
  • Signed and dated Rollover Benefits Statement for the total value of all assets being rolled over into the Super/Pension account, as per the rollover values chosen for the transfer.
  • The custodian of the account is responsible for providing the rollover date and price for rollovers via asset transfer. For rollovers from SMSF these details will come from the administrator of the account (eg the accountant).

For rollovers in of managed fund/s from a SMSF with direct holdings with the fund manager, you’ll also need: 

• Original Australian Standard Transfer Form for same asset to be transferred and completed with the following: 
  • Asset name, APIR code and number of units to be transferred
  • Seller: name of the account held with the Fund Manager, and signed by the directors/trustees 
  • Investor ID/Number of the client’s holding in the asset, written under the Seller’s name
  • Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete. 
• The consideration value
• Signed and dated Rollover Benefits Statement for the total value of all assets being rolled over into the Super/Pension account, as per the rollover values chosen for the transfer.