To transfer Broker Sponsored securities (HIN transfer) from an SMSF into Wrap Super or Pension as a rollover, you need to provide:
1. Superannuation Asset Transfer form completed with the following:
- Account name and number of the Super/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.
2. 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.
3. 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.
4. 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. This can be signed by the client or an authorised person (e.g. adviser, accountant etc).
Before you submit the request
- 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 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.
