The process to transfer in managed funds from direct holdings depends on whether there is:
How do transfer in managed funds from direct holdings?
No Change in Beneficial Ownership (NCBO)
To transfer in managed funds from direct holdings when there's NCBO, you need to provide:
1. Original Australian Standard Transfer Form (with BSCL as the buyer) per asset to be transferred and completed with the following:
- Asset name, APIR code and number of units to be transferred
- Seller: Name and investor number of the account held with fund manager, signed by trustees/directors/owners registered on the external account
- Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete
- Consideration: NCBO.
2. Cost base information (parcel history).
Change in Beneficial Ownership (CBO)
To transfer in managed funds from direct holdings when there's CBO, you need to provide:
1. Original Australian Standard Transfer form (with BSCL as the buyer) per asset to be transferred and completed with the following:
- Asset name, APIR code and number of units to be transferred
- Seller: Name and investor number of the account held with fund manager, signed by trustees/directors/owners registered on the external account
- Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete
- The consideration value and transfer date.
2. Additional 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 and investor number of the account held with fund manager, signed by trustees/directors/owners/registered on the external account
- Buyer: Name of the client’s Wrap account (including account number) and signed by account holder/s.
3. The consideration value and transfer date.
Change in Legal Ownership
To transfer in managed funds from direct holdings when there is a change in legal ownership, you need to provide:
1. Original Australian Standard Transfer form (with BSCL as the buyer) per asset to be transferred and completed with the following:
- Asset name, APIR code and number of units to be transferred
- Seller: Name and investor number of the account held with fund manager, signed by trustees/directors/owners registered on the external account
- Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete
- The consideration value and transfer date.
2. Additional 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 and investor number of the account held with fund manager, signed by trustees/directors/owners/registered on the external account
- Buyer: Name of the client’s Wrap account (including account number) and signed by account holder/s.
3. Cost base information (parcel history).
Where do I send completed transfer paperwork?
Once all transfer paperwork is completed and signed by your client or relevant parties, please upload via Macquarie Request Centre to ensure you can track your request.
For any original documentation required (as noted in the above) please mail to:
TRN: Case Reference
Macquarie Wrap
Attn: Asset Transfers
GPO Box 4045
SYDNEY NSW 2001
Related articles
-
Making an internal transfer of Separately Managed Accounts (SMA) assets -
Transferring between Wrap IDPS accounts -
Transferring from an IDPS to a Super or Pension as a contribution
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