Adviser Initiated Payments – means a digital solution via Macquarie Online to enable you to initiate a Payment on behalf of your Client from their Macquarie Cash Management Account and then to complete that Payment on the verbal receipt of a Secure Code sent by us to your Client.
AFSL – means an Australian Financial Services Licence.
Applicable Laws – means the laws which apply to the issue, distribution and operation of the Macquarie Products by Macquarie and which relate to the arranging of the Macquarie Products, including relevant ASIC policy and laws relating to privacy and to anti-money laundering and counter-terrorism financing.
Client – means a person who holds or is likely to hold a Macquarie Product and is or will be recorded as a Client of the Company as a result of the application or a subsequent instruction to that effect by the Client.
Company – means a Partnership, Dealer, Dealer Group or Company that acts on a Client’s behalf in respect of investments in the Macquarie Products.
Macquarie – means, as the context permits or requires, MBL, or MIML.
Macquarie Access – means the online facility by which the Company and its Representatives are able to access some or all of the Macquarie Online services made available by Macquarie.
Macquarie Cash Products – means the Macquarie Cash Management Account, Macquarie Cash Management Accelerator Account, Macquarie Bank Term Deposit and Macquarie Consolidator Cash Account, and any other product Macquarie includes as a cash product from time to time.
Macquarie ID is a unique code allocated to you or an Authorised User by us which identifies you or the Authorised User and when used in conjunction with a Secret Code provides access to Electronic Banking.
Macquarie Online – means Macquarie Access and any product specific software and systems owned or licenced to Macquarie containing Client data, permitting or facilitating reporting, monitoring and Client transactions from remote locations including systems to report, monitor and transact in relation to the Macquarie Products.
Macquarie Online Trading – means the service provided by Third Party Platform Proprietary Limited (TPP) at the request of MBL.
Macquarie Products – means, various products and services as issued or offered by Macquarie available through the Macquarie Online services and which expressly include:
- Wrap Products
- Macquarie Cash Products
- Macquarie Individually Managed Account
- Macquarie Global Managed Account.
MBL – means Macquarie Bank Limited ABN 46 008 583 542
AFSL 237 502 the issuer of Macquarie Cash Management Account, Macquarie Cash Management Accelerator Account, Macquarie Bank Term Deposit and Macquarie Consolidator Cash Account.
MIML – means Macquarie Investment Management Limited
ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 the operator of the Macquarie Wrap IDPS ABN 53 021 895 577, and the Trustee of the Macquarie Superannuation Plan ABN 65 508 799 106 RSE R1004496. Payment – means a payment of any type including by BPAY®, funds transfer, PayAnyone or by any other method allowed by Macquarie from time to time and is effected via Adviser Initiated Payments from your Client’s Macquarie Cash Management Account.
Representative – means an adviser, accountant, administrator, stockbroker, risk specialist, mortgage broker, intermediary, corporate authorised representative or any person that acts on behalf of a Company, including any nominated support staff that have their own individual Macquarie ID.
Payment – means a payment of any type including by BPAY®, funds transfer, PayAnyone or by any other method allowed by Macquarie from time to time and is effected via Adviser Initiated Payments from your Client’s Macquarie Cash Management Account.
Secure Code – means a code we send by SMS to your Client’s mobile phone to be used by them to provide their consent to and authorisation of a Payment from their Macquarie Cash Management Account that has been initiated by you via Adviser Initiated Payments.
SLSA – means the Software Licence and Services Agreement between Client and MIML, together with any Order Schedules and Statements of Work and any document or schedule expressed to be part of the SLSA.
SMS – means a service of sending short messages to a mobile phone.
TPP – means Third Party Platform Proprietary Limited ABN 74 121 227 905 AFSL 314341.
Unauthorised Payment – means any Payment made by you via Adviser Initiated Payments which is either fraudulent, without consent and /or does not comply with the Terms and Conditions.
We, us, our – means Macquarie.
Wrap Products – means the IDPS products known as Investment Manager, Investment Accumulator and Investment Consolidator and the super products, Super Accumulator, Super and Pension Manager, Super Consolidator, and any other wrap products Macquarie includes from time to time.
You, your, yours – means the Company