A SMSF is permitted to invest in Listed Options. Clients of ESUPERFUND are permitted to use any Australian Broker to invest in Listed Options for their SMSF. To simplify the Australian Broker Account Application Process documentation to establish an EBROKING Trading Account (EBROKING) or a Commsec Trading Account (CommSec) is included with the documentation forwarded to you when you submit your online application to establish an SMSF. By using EBROKING or CommSec as the Broker to invest in Listed Options, ESUPERFUND is able to electronically access the Broker Data for your SMSF in order to attend to the SMSF Annual Compliance Requirements. No Broker Data records are required from you each year as we already have the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Broker Account and cannot actually login to your Broker Account to access the required data.
It is not compulsory to setup and use the EBROKING or CommSec Account and you are permitted to use other Australian Trading Accounts for your SMSF to invest in Listed Options. To this extent you are not required to return the documentation to establish the EBROKING or Commsec Account, included with the documentation forwarded to you when you submit your online application to establish an SMSF. However if you establish an Australian Trading Account other than with EBROKING or Commsec to invest in Listed Options, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually. If you elect to establish your own Australian Trading Account to invest in Listed Options for your SMSF then you will be responsible to arrange the Account Setup. In addition ESUPERFUND provides a Client Login Portal to clients with daily data of all your SMSF Investments. Where you elect to use an Australian Trading Account to invest in Listed Options other than EBROKING or Commsec, we will be unable to receive daily data on these accounts, and in turn will not be able to report details of these accounts daily.
Further details about the EBROKING Trading Account can be found here.
Further details about the Commsec Trading Account can be found here.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the EBROKING or Commsec Share Trading Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the EBROKING or Commsec Share Trading Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the EBROKING or Commsec Share Trading Account before making any decision about whether the EBROKING or Commsec Share Trading Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the EBROKING or Commsec Share Trading Account for your SMSF. Importantly we note that there may be other Australian Share Trading Accounts that may be more suitable for your SMSF, other than the EBROKING or Commsec Share Trading Account and you are permitted to use any of these accounts if desired.
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