End of financial
year information
centre - 2019

Important reminders and dates

  • Our income distributions and tax components tracker is now available. We'll update this spreadsheet weekly.
  • Tranche 2 Tax Reports are now available online with 38.1% of reports now available. Tranche 2 is mailed on Wednesday 14 August.
  • eWRAP Margin Lending statements for the quarter ending 30 June 2019 are mailed on Friday 29 July and PAYG statements for the period ending 30 June 2019 are now available for your eWRAP Investment clients
  • Annual pension review letters (and PAYG summaries, if applicable) were mailed to your clients on Tuesday 9 July and Personal Super Contributions Deduction Notices on Wednesday 10 July.
  • Annual Investor Reports for the period ending 30 June 2019 are mailed Monday 22 to Monday 29 July. We'll send clients who receive eStatements a notification email when their Investor Report was available on Investor Online.
  • The Asgard Super and Pension Account Annual Report for the year ending 30 June 2018 is now available and will be mailed to clients who have requested a printed copy.
  • Asgard Annual Audit reports for the year ending 30 June 2018 have been mailed and can be accessed here.

BPAY Biller Codes

Here’s a list of Biller Codes corresponding to the contribution type your clients wish to make.

You can find their individual BPAY reference numbers on the Accounts details screen via AdviserNET>Accounts>Account enquiry menu (or the Investor Online>Account menu).

Please refer to Asgard’s cut-off dates and BPAY flyers for more information.

 

Contribution type What it means Biller code
Superannuation Guarantee A compulsory super contribution made by an employer from a client’s before-tax pay 66019
Salary Sacrifice A salary sacrifice contribution from a client’s before-tax pay which they have requested their employer to make 66027
Employer A voluntary contribution from a client’s before-tax pay made by their employer 66035
Personal Deducted A super contribution made by a client and for which they intend to claim a personal income tax deduction (the client must meet eligibility conditions and provide a Personal Super Contributions Deduction Notice) 66043
Personal Undeducted A super contribution made by a client 66050
Spouse A super contribution made by a client’s spouse 66068

 

* Some financial institutions may take longer to process your client’s BPAY transaction. Clients should check with their financial institution to confirm their cut-off time and daily transaction limit. In addition Daily BPAY transfer limits are enforced by all financial institutions. Please contact the financial institution for more information as we can’t be responsible for any delays by BPAY or a financial institution, in processing the transaction.

If you’re making a deposit using BPAY, the default fee and investment instructions will be applied to the deposit unless a deposit instruction is submitted via AdviserNET.

® Registered to BPAY Pty Ltd ABN 69 079 137 518
 

Client mailings

•Annual pension review letters (and PAYG summaries, if applicable) were mailed to your clients on Tuesday 9 July and Personal Super Contributions Deduction Notices on Wednesday 10 July. We send the following client communications in July each year:
  • Annual pension review letters and PAYG summaries (if applicable)

Your clients' annual pension review letters include their annual pension amount for the 2019-2020 financial year based on their estimated account balance as at 1 July 2019 and instructions for changing their pension amount and/or frequency. PAYG payment summary and tax offset details may also be included where pension payments contained taxable income.

New pension payment amounts are calculated on 1 July, so you can view your clients' pension payment details for the 2019-2020 financial year on the AdviserNET 'Pension details' screen (Accounts>Account enquiry>Pension details).

Clients can also view their new pension payment details on Investor Online. You can quickly and easily make changes to your clients' pension payment details via the AdviserNET 'Change account details' screen (Transacting>Account options>Change account details). The last date for requesting changes to your clients' pension details (before the first payment is made in the new financial year) is 12 July 2019.  

You can find sample letters and forms under Adviser guides and resources.

  • Personal Super Contributions Deduction notices 

We send our end of financial year Personal Super Contributions Deduction Notices to clients who made personal contributions to their super account during the 2018-2019 financial year. They include the amount of their personal contributions received during the financial year remaining in their fund, important information (including eligibility criteria) to help them claim a tax deduction and a 'Notice of intent to claim or vary a deduction for personal super contributions' form.

They'll also receive our 'Completing your Notice of intent' flyer below, with handy tips to help them complete the form, if required.

- Adviser Guide to managing your clients' personal super contributions deduction

How to complete your notice – investor flyer

You can find sample letters and forms under Adviser guides and resources or visit our FAQs for more information. You can also print and submit a Notice for your clients via AdviserNET (Transacting > Deposit / contribution > Personal super contributions deduction notice).

Investor Reports

Investor Reports for the period ending 30 June 2019 are online on Friday 26 July and mailing from Monday 22 July to Monday 29 July.

What’s new in Investor Reports?  

A change to the net earnings calculation

Net earnings on investments reflects the net amount clients have earned on their investment during the period. For prior periods it was calculated by adding together income from investments, fee rebates, and realised and unrealised gains and losses.

Going forward net earnings on investments calculation will also include monthly management fees (including share transaction fees where applicable), and taxes related to earnings (eg PAYG instalments). This change in calculation method has no impact on their total account valuation or the closing balance shown on their annual statement. The long term returns shown for individual asset holdings also remain unchanged.

Removal of investor date of birth and phone number details (if supplied). 

To reduce the risk of fraud, we no longer show investors’ date of birth and mobile phone number reports . These details don’t appear eWRAP investment-only Investor Reports.

Where can I (or my clients) find it and when?

  •  Live Investor Reports on Friday 26 July on:
    •  AdviserNET > Accounts > Account Enquiry > Investor correspondence
    • Investor Online > Account > Investor correspondence
  • Sample Investor Reports on:
    •  AdviserNET > Products > Select a product > Samples
  • ‘How to read your Investor Report ’ flyer on:
    •  AdviserNET > Products > Select a product > Samples

What additional information will clients receive with their Investor Report?

Clients with super/pension accounts will receive a flyer or booklet for the product/s they’re invested in, which covers information relevant to their account. You can find a copy of each flyer or booklet in the table below.

Type of Asgard account

Important information you need to know

Asgard Employee Super Account

 

Asgard and eWRAP badges Super/Pension Accounts

 

 

‘Super member news’ Booklet (excluding those with a no-marketing flag)

Legislative flyer, including product updates Significant Event Notice

 

Tax Reports

Tranche 2 Tax Reports are available online. They're in the mail on Wednesday 14 August.

Tax Report Guide

Our 2019 Tax Report Guide is available to help you and your clients complete their tax returns. 

Data downloads

Tax data is usually available via our AdviserNET EPI and BGL data download facilities on the Friday of each week a Tax Report tranche is released. 

2019 release schedule

Our estimated release date (Australia Post lodgement) for each tranche is listed below. Additional tranches will follow until all reports have been released.

 

Tranche

Estimated mailing date

Status

Reports released

Tranche 1

Wednesday 24 July

Complete 

10.3% 

Tranche 2

Wednesday 14 August

Complete 

38.1% 

Tranche 3

Wednesday 28 August

 

 

Tranche 4

Wednesday 18 September

 

 

Tranche 5

Wednesday 2 October

 

 

Tranche 6  

Wednesday 23 October 

 

 

Tranche 7 

 

 

 

Wednesday 30 October 

 

 

 

 

 

 

 

 

 

 

About eStatements

E-statements are easily-accessed, fast, secure and environmentally-friendly. Clients who select Online as their preference for reports and information will receive an eStatement notification email when their Investor Report and any accompanying information is available on Investor Online. We won't mail a paper Investor Report. They'll still get other reports, statements and letters by mail.

Full terms and conditions for eStatements and online communications are available.

Registration

Clients can register for eStatements and online communication:

  • themselves, via Investor Online at Accounts > Manage my account > Change account details
  • with your help, via AdviserNET at Transacting > Account options > Change account details > Reporting Preferences screen or during the Account Application process
  • by calling 1800 998 185 - one of our consultants can assist.

Please note - if a client hasn't already provided a valid email address, they'll need to update their account details with one.

Account action (AAA) emails and reporting - When your clients change their reporting preference, we'll send you an account action email notification.

Income distributions and tax components tracker – what we have/haven’t received

To help you manage your clients’ queries and expectations, our ‘Income distributions and tax components tracker’ spreadsheet shows you the income distributions and tax components we’ve already received from fund managers and what’s outstanding.

We’ll update the spreadsheet weekly. 

About income distributions

The majority of income distributions are reconciled and processed in July. However, some fund managers may not make payments until significantly later and this can delay some clients' distribution payments.

About Tax Reports

To produce Tax Reports we rely on the receipt of tax components from the fund manager or share registry of every managed fund or share a client was invested in during the financial year. We anticipate sending our first tranche of Tax Reports on Wednesday 24 July 2019.

AMIT regime

We expect the majority of managed investment funds will opt in to the Attribution Managed Investment Trust (AMIT) regime in this current financial year. For information relating to the tax consequences for clients who hold investments in these funds, please refer to the Asgard Tax Guide.

Documents

Contact us

More information

 

 

Panorama
FAQs Find answers to commonly asked questions about the lead up to 30 June, Investor Reports, Tax Reports and more.

Privacy Policy

Please refer to the Asgard Privacy Policy.

Disclaimer

Asgard is a member of the Westpac Banking Corporation ('Westpac') group of companies, which includes Westpac, St.George Bank - a Division of Westpac Banking Corporation ('St.George'), Securitor Financial Group Limited, Westpac Life Insurance Services Limited, Westpac Securities Administration Limited, Westpac Funds Management Limited, BT Funds Management Limited, BT Investment Management (RE) Limited, Advance Asset Management Limited, BT Financial Group Pty Limited, Magnitude Group Pty Limited, BT Portfolio Services Limited, BT Life Limited, BT Securities Limited, and other entities which provide various financial, funds management, insurance, superannuation, investment and administrative services from time to time ('Westpac Group').

Unless otherwise disclosed in the offer document for the relevant financial product, a financial product or service issued or offered by Asgard is not a deposit with, investment in or other liability of Westpac, nor any other company within the Westpac Group.  They are subject to investment risk, including possible delays in repayment and loss of income and principal invested.  Neither Westpac nor any other company within the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of any financial product or service issued or offered by Asgard.

While the information displayed on this website is based on information obtained from sources which are believed to be reliable, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. It should be noted that past performance is not necessarily indicative, nor a guarantee, of future performance. All information displayed on the website, including but not limited to product and service information, fees, unit and share prices, gearing and interest rates, tax information and performance figures, is subject to change without notice.

To the maximum extent permitted by law, neither Westpac nor any other company within the Westpac Group will be liable to any party in contract, tort (including for negligence) or otherwise for any loss or damage arising either directly or indirectly as a result of reliance on, use of or inability to use any information displayed on this website. Where liability cannot be excluded by law then, to the extent permissible by law, liability is limited to the resupply of the information or the reasonable cost of having the information resupplied.

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Disclosure
Asgard is the issuer of the Asgard accounts and services referred to on this website.  In deciding whether to open, or to continue to hold, an Asgard account or service, you should consider the relevant Product Disclosure Statement or Financial Services Guide issued by Asgard. Copies can be obtained from Asgard or a financial adviser.

Westpac is the issuer of eCASH, CASH Connect, Fixed Term Deposits and the Money Market Investment Account.  In deciding whether to invest in, or to continue to hold, one or more of these deposit products, you should consider the relevant Product Disclosure Statement (or other offer document) issued by Westpac.  Copies can be obtained from Asgard or a financial adviser.

The investment information and advice ('advice') displayed or given on this website is general infomration and general advice only and does not take into account any person's personal objectives, financial situation or needs and, because of that, you should, before acting on the advice, consider whether the advice is appropriate for you, having regard to these factors. You should also consider obtaining independent legal, financial and/or other professional advice before making a decision in relation to any investment.

Information about the relationships between Asgard and other Westpac Group companies and the remuneration (including commission) or other benefits that they and any other person can receive in respect of, or that is attributable to, the financial services they provide is set out in the general Financial Services Guide issued by Asgard.

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Some of the information displayed on this website may be provided by third parties who are not related to any company within the Westpac Group ('Third Party Information'). Neither Westpac nor any company within the Westpac Group is in any way responsible for and does not guarantee the quality or accuracy of any Third Party Information.

This website may also contain links to websites operated by third parties ('Third Parties') who are not related to the Westpac Group ('Third Party Websites'). These links are provided for convenience only and do not represent any endorsement or approval by the Westpac Group of those Third Parties or the information, products or services displayed or offered on the Third Party Websites.To the maximum extent permitted by law, neither Westpac nor any other company within the Westpac Group will be liable to any party in contract, tort (including for negligence) or otherwise for any loss or damage arising either directly or indirectly from reliance on, the use of or inability to use any Third Party Information or Third Party Websites.