To transfer Issuer Sponsored securities (SRN transfer) into Wrap Super or Pension account 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.
2. 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.
3. 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.
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).
5. 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 (e.g. the accountant).
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.
