You can qualify as a Wholesale Client if you can provide us with a copy of a certificate issued by a qualified accountant (as defined in the Corporations Act) that states that you:
have net assets of at least AUD2.5million; or
have a gross income for each of the last two financial years of at least AUD250,000 a year.
If you do not qualify as a Wholesale Client, please complete the standard BT Margin Lending Loan Application.
With a BT Margin Loan for wholesale investors, you can borrow to invest further, helping you to diversify your investments and continue to build your wealth.
Dedicated relationship manager
You are provided with direct access to one of our specialised BT Premium Equity Lending Relationship Managers who can assist you with the day to day running of your BT Margin Loan. You can also be provided with 24 hour online access to your account, 7 days a week.
Streamlined application process
As a wholesale client, your provision of a current Accountant’s Certificate means that you do not need to provide your financial details to support your application. Facilitates a faster application process.
The facility is an open-ended revolving line of credit with no set principal repayment schedule. Part or full repayments can be made at any time.
Flexible loan structure
There are no transaction limits, no minimum amounts for cash advances, loan draw-downs or repayments. Hold securities in your name or that of a third party.
Choice of approved securities
Choose from over 2,100 shares and managed funds with LVRs between 35% – 75%. View approved securities
International securities available to approved clients
Approved clients can access International Listed Securities including Apple, Google and Facebook with LVRs up to 75%. Contact your Premium Relationship Manager on 1300 365 591 for further information. View approved International Listed Securities
Please call our dedicated BT Premium Equity Relationship Managers on 1300 365 591 during business hours.
Like any investment, there are some risks:
Borrowing to invest can increase your potential returns; it can also increase potential losses.
The value of securities may not go up, or, if they go up, the increase in value may not be sufficient to cover the costs of the investment.
You need to ensure that you can fund your obligations under your loan including any interest, fees and charges. If you can’t, the securities will be sold to satisfy these obligations.
You should also consider the taxation consequences and seek independent professional tax advice.
The CHESS explanation, the Supplementary Risk Disclosure Statement and the BT Margin Lending Facility Agreement and the BT Privacy Statement and other reporting obligations which are contained in the Application booklet and
As of 1 July 2019 some terms in our facility agreement have been amended to accommodate the introduction of the Banking Code of Practice and to comply with Unfair Contract Terms legislation.
1. Banking Code of Practice: The Banking Code of Practice (the 'Code') is a set of obligations developed by the banking industry to ensure we meet the community's expectations and deliver great service to our clients. The Code holds us to account. The 2019 version of the Code came into effect on 1 July 2019. The Code applies to individual and small business customers, and their individual guarantors. Where the Code applies, it is a legally-binding agreement between us and our customers. Read the Banking Code of Practice.
2. Unfair Contract Terms: As part of our focus to continually improve the products and services we provide to our customers, we have reviewed our contracts and updated the existing unfair contract term protections for consumers and small business.
For your information, BT Margin Lending also produces a Margin Loan — Product Disclosure Statement and a BT Margin Lending Guide for retail investors. You may want to consider reading these documents as they include useful information about the product.
BT Securities Limited ABN 84 000 720 114, AFSL No. 233722 and Westpac Banking Corporation ABN 33 007 457 141, AFSL No. 233714 (Westpac) are together the issuers of the BT Margin Lending Margin Loan - Product Disclosure Statement (PDS), a copy of which can be obtained by calling 1800 816 222 or from the BT Margin Loan downloads. This information has been prepared without taking into account your personal objectives, financial situation or needs.
For this reason, before acting on the information you should consider its appropriateness to your objectives, financial situation and needs and consider the disclosure documents which include the PDS. The PDS and other disclosure documents are relevant when deciding whether to acquire or hold this product.
Neither Westpac nor any of its respective directors, officers, employees, associates or its subsidiaries guarantee or give any assurance in regard to the capital value, income return or performance of any securities or investments acquired through or in relation to a BT Margin Loan.
Any reference to taxation matters is a general statement only and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and proposed announced tax amendments. The individual situation of investors may differ and investors should seek independent professional tax advice on any taxation matters.