Australian Share Broker Account
An SMSF is permitted to invest in Australian Shares and Other Listed Securities (eg ETFs, Bonds, Options, Warrants, LICs, LITs, etc). Clients of ESUPERFUND are permitted to use any Broker to invest in Australian Shares and Other Australian Listed Securities for their SMSF. To simplify the Australian Share Trading Account Application Process documentation to establish an EBROKING Share Trading Account is included with the documentation forwarded to you when you submit your online application to establish an SMSF. By using EBROKING as the Broker to invest in Australian Shares, 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.
Not Compulsory
It is not compulsory to use the EBROKING Account once the account is established and you are permitted to use another Australian Share Trading Account for your SMSF if preferred. However, if you establish another Australian Share Trading Account, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually. In addition, ESUPERFUND provides a Client Login Portal to clients with real time data of all your SMSF Investments. Where you elect to use another Australian Share Trading Account, we will be unable to receive daily data on these accounts, and in turn will not be able to report details of these accounts in real time.
Invest in All ASX Listed Shares and Securities
EBROKING allows your SMSF to invest in all ASX listed Shares and Securities including:
- All ASX Listed Shares
- Exchange Traded Funds (ETFs)
- Exchange Traded Commodities (ETCs)
- Listed Investment Companies (LICs)
- Listed Trusts
- Listed Bonds
- Listed Options
- Listed Warrants
- Any other Securities Listed on the ASX
Account Establishment
As detailed above documentation to establish an EBROKING Broker Account is included with the documentation forwarded to you when you submit your online application to establish an SMSF. The account acts as the Trading Account for your SMSF allowing you to trade all ASX listed Shares and Securities. The Trading Account Application will only be forwarded to EBROKING once the ATO has issued an ABN and TFN for your SMSF. The Broker will process the Application and then notify you directly of your SMSF Trading Account details including the account number, login, password and the CHESS holding number (HIN) in approximately 2 to 3 weeks from the date that your application is processed. For more information on the SMSF Setup Process which includes the SMSF Broker Account establishment, please click here.
Monitoring Transactions
By using the EBROKING Account, ESUPERFUND is able to electronically access the trades made by your SMSF in order to attend to the SMSF Annual Compliance Requirements. That is at the end of each financial year, the Broker will send ESUPERFUND an annual data file of all your SMSF trades. This enables our office to attend to your SMSF's annual compliance obligations. No Broker records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Broker data and cannot actually login to your Broker Account to access the required data.
Brokerage Rates
The Brokerage Rates for EBROKING can be found here.
Your SMSF is the Owner
All Shares purchased by your SMSF are CHESS Sponsored and owned in the name of your SMSF under its unique HIN. Your SMSF is the direct owner of all Shares purchased.
Only you have Trading Access
Importantly ESUPERFUND has absolutely no ability to enter or transact on EBROKING Trading Platform. Only you as the SMSF Trustee can login and transact on the Broker Platform.
Accessing Information by ESUPERFUND
At the end of each financial year, EBROKING will send ESUPERFUND an annual data file of all your SMSF Trades and Transactions. This enables our office to attend to your SMSF's annual compliance obligations. No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. As detailed above we have absolutely no access to your Trading Platform and cannot actually login to your Trading Account to access the required data.
No obligation to invest in Shares
It is important to understand that the Investment decisions for your SMSF always remain with you as the SMSF Trustee giving you total control of your SMSF. You are under no obligation to invest in Shares if you elect not to do so. The EBROKING Trading Platform is established for you to be used only if you want to invest in Australian Shares. It is completely permissible never to invest in Shares for your SMSF if you do not want to and this in no way affects your annual fee.
Straight Through Processing
All Trades executed by ESUPERFUND clients through the EBROKING Trading Platform is executed using Straight Through Processing (STP). Straight Through Processing is where your order is sent directly to the ASX Market, without any human intervention. Some online broker use a system whereby your order is sent to a dealer who then has to approve or reject it and manually enter it into the market. Obviously in times of market turbulence, this could cause significant delays in getting the order on the market. The EBROKING Trading Platform approves or rejects the order and places it directly on the market.
Correct account name
By establishing the Broker Account for your SMSF as part of the SMSF Setup process we ensure that the Broker Account is setup correctly. This ensures that all Broker Accounts setup by ESUPERFUND are compliant with Super Regulations.
ESUPERFUND provides No Investment Advice
ESUPERFUND does not provide Investment Advice and cannot advise you on which Shares to purchase or sell in your SMSF. You as the SMSF Trustee are responsible for making all Trading decisions for your SMSF, based on your SMSF's particular financial situation and needs.
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.
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