A SMSF is permitted to invest in Warrants. Clients of ESUPERFUND are permitted to use any Australian based Warrants Provider to purchase Warrants for their SMSF. To simplify the Warrants Application Process ESUPERFUND has established direct arrangements with EBROKING allowing clients to easily apply for a Warrants Account through our website.
It is not compulsory to use the EBROKING Warrants Account and clients are permitted to invest in any Australian based Warrants Provider to purchase Warrants for their SMSF. That is clients are only permitted to invest in Warrants using an Australian based Provider and cannot trade Warrants using Overseas based Provider. This is due to the complexity involved in accessing the required data in the format required in relation to trading activities and currency movements involved with Overseas Providers. In addition Overseas Providers typically do not recognise SMSF Investors and will typically setup accounts in the Trustees Individual names. This is a breach of SMSF laws and not allowed.
Account Must be setup in SMSF Name
If you elect to setup a Warrants Account other than with EBROKING, then when establishing a Warrants Account with an Australian based Provider, the Account must be setup in the SMSF Name and not in the personal names of the Trustees. Most Australian based Providers will setup accounts in the name of the SMSF. Unfortunately if the Australian based Provider selected by you does not setup accounts in the SMSF name then you will be unable to use that Provider to invest in Warrants.
If you elect to setup a Warrants Account other than with EBROKING, then in relation to record keeping for Warrants Investments, ESUPERFUND will send you a Checklist each year guiding you on what documentation we require to prepare your SMSF annual compliance requirements. This is typically all Trades during the Financial Year as well as confirmation of the Warrants Holdings at 30 June each financial year.
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 Warrants 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 Warrants 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 Warrants Trading Account before making any decision about whether the EBROKING Warrants 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 Warrants Trading Account for your SMSF.
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