If there's No Change in Beneficial Ownership (NCBO), you can transfer assets and cash into an investment account using a Limited Power of Attorney (LPOA) form. To request this, you need to provide:
- Original LPOA form and completed with the following:
- Full account name which matches the existing account assets are being transferred from.
- Wrap account code OR application reference (if the account is not yet opened)
- If cash is to be transferred, account details for cash transfers (or leave blank for new applications)
- Cost base information (parcel history)
- Certified copy of the client's identification
- Plus, one of the following:
- If coming from Issuer Sponsored Holdings (ASX) or if held directly with Fund Manager (Managed Funds):
- Holding statement for each asset, showing the following:
- Full account name
- Full SRN/Investor number of the client’s account
- Number of units currently held
- APIR/Security codes.
- Holding statement for each asset, showing the following:
- If coming from Broker Sponsored Holdings (ASX) or if held with another Platform/Custodian:
- Portfolio Valuation report, showing the following:
- Full account name
- Account number/HIN of the client’s account
- Assets and number of units currently held
- APIR/Security Codes.
- Portfolio Valuation report, showing the following:
- If coming from Issuer Sponsored Holdings (ASX) or if held directly with Fund Manager (Managed Funds):
Before you submit the request
- If transferring assets from another platform, there may be additional platform-specific requirements. In some cases, external platforms (custodians) won’t release the cash to us due to being an adviser-controlled product. To confirm this, please speak directly to your current provider. Alternatively, speak to your relationship manager for assistance.
- The assets must be available on the 'Investment Menu' to be permitted on platform.
- The use of this form is only permitted for NCBO transfers into Macquarie Investment accounts. Details linked to both the Macquarie and external account must match exactly (e.g. Account name and authorised signatories).
