The Cash Account
Your Cash Account will be used to:
- credit all cash contributions and rollovers
- buy and sell investments and
- pay any fees, taxes and charges related to your account.
You authorise us to debit your Cash Account with all fees and taxes relating to your account and to pay fees and charges to the person or entity entitled to them (including us and our associates). We can suspend services to you if they remain unpaid.
Where there is insufficient available cash in your Cash Account to meet any fees and/or costs, or if the available cash in your Cash Account drops below $1,000, we reserve the right to sell down your investment holdings to meet the fees and/or costs and replenish your Cash Account to a balance of at least $2500. In these circumstances, money will be drawn from the following investments, starting with the highest balance, in the following order:
- daily transacting managed investment(s)
- non-daily transacting managed investment(s)
- ASX listed securities
- term deposits.
The Macquarie Wrap Cash Account is offered by Macquarie Investment Management Limited (MIML) ABN 66 002 867 003 AFSL 237 492. In deciding whether to acquire and hold or continue to hold an investment, you should consider the PDS which accompanies Part B of the PDS or from your adviser.
Part A of the Avenue Retirement Service PDS