1. Defined terms
The following terms are defined for the purposes of this Agreement:
"Adviser" means the licensed individual financial planner or financial planning business who you have nominated on the application form as your adviser and who is registered to use Avenue Investment Service.
"Application" means the application form providing your personal details and information required to open an Avenue Investment Service portfolio.
"Available cash" means the amount of cash accessible in your CMA for transacting and withdrawals, after taking into account outstanding orders, fees and the minimum cash requirement.
"Business Day" means a day on which banks are open for business in Sydney other than a Saturday, Sunday or public holiday in Sydney.
"Client", "you" or "your" means the person named in the application form accepted by us and includes successors, executors, administrators, substitutes and assigns of such person, and also includes any person using Macquarie Online in conjunction with your codes with your authorisation.
"ClientView" refers to the reporting service available to you to enable electronic access to information on investments held by us for you.
"Code" means any of the security, access or login codes and any other passwords or personalised means of access, (including the Macquarie Access Code, user identifications and PINs) to access Macquarie Online either directly or through other devices or portals.
"Custody Deed" means the Deed Poll dated 21 June 1999 (as amended from time to time) governing the custody service provided to you for Avenue Investment Service.
"Fees and charges" means the fees and changes detailed in the Guide and this Further Information booklet.
"Guide" means the investor directed portfolio service guide for Avenue Investment Service dated 31 July 2010.
"IDPS" means the investor directed portfolio service as described in ASIC Class Order 02/294.
"Illiquid investment" means broadly, an investment that is difficult to be purchased or sold without:
- minimum delay, and/or
- having a significant adverse impact on the realisable value of the investment.
"Investments" means unlisted managed investment interests, term deposits, approved ASX listed securities and other approved assets.
"Macquarie" refers to Macquarie Group Limited, Macquarie Investment Management Limited, Macquarie Life, Macquarie Equities Limited and each other member of the Macquarie Group, their employees and agents as the context permits.
"Macquarie Online" means the facility offered and maintained by Macquarie by which Clients and Third Party users are able to access Macquarie software containing client data, and to transact from a remote location, including by way of telephone and internet. This facility includes associated data, information and software owned by or licensed to Macquarie.
"Other personal assets" means assets other than approved securities in respect of which a recording service only is provided through Avenue Investment Service.
"Portfolio" means your portfolio with Avenue Investment Service and refers to the assets held by BSCL and other assets recorded as part of your portfolio.
"Third Party" refers to your Adviser and any other party (whether an individual or a company), that you authorise to view or operate your portfolio online, and includes the staff, or other representatives of any of the above.
