Investment, Insurance, Superannuation
| Description | DIY SuperService | DIY SuperService Plus |
|---|---|---|
|
Service |
This is a highly efficient, lower cost portfolio reporting and SMSF compliance service offering all of the investment flexibility available through ASX CHESS sponsored settled securities |
This is our complete SMSF portfolio reporting and compliance service with no restrictions on the Fund Operating Account or investments permitted through SMSFs |
|
Fund establishment / transfer |
All legal requirements are addressed | |
|
Fund Operating Account |
Selection from a list of Fund Operating Accounts for which we receive daily transaction feeds1. This list is available on OnePath’s website on the SMSF page |
No restriction on choice of financial institution or account |
|
Investments |
Restricted to selected cash, investment wrap accounts and ASX CHESS sponsored settled securities |
Any investment permitted under legislation |
|
Administration services |
Daily processing of:
|
Regular2 processing of:
|
|
Quarterly services |
Not available |
Preparation and lodgement of Business Activity Statements (BAS) and Instalment Activity Statements (IAS) – fees apply |
|
End of financial year reporting and services |
Preparation of:
| |
|
Online services |
Online access to fund reporting, including:
| |
|
Technical support |
Access to free email and phone technical support from SPAA3 accredited SMSF specialists | |
1 An additional fee applies if your fund operating account is not one of the core accounts
2 Processing frequency is dependent on frequency of receipt of transaction information
3 SPAA is the Self Managed Super Fund Professionals Association of Australia
Head office
347 Kent Street
Sydney NSW 2000
Phone enquiries
1300 795 793 (Customer Services)
1800 804 768(Adviser Services)
Postal address
DIY SuperService
Locked Bag 2
Forest Hill VIC 3131
Website www.onepath.com.au
Email diysuper@onepath.com.au
Service provided by Super Concepts Pty Ltd
ABN 67 007 437 907
| Product update | Date |
|---|---|
|
March 2011 |
| Services | ||
|---|---|---|
|
New fund establishment |
$485 |
|
|
$800 |
Company trustee incorporation (includes $433 ASIC company registration) | |
|
Existing fund transfer |
$330 |
Compliance health check, including Trust Deed upgrade
‘Time and materials’ basis for any remedial work required up to $275 per hour |
This fee includes:
| Number of Investments1 | OnePath DIY SuperService | OnePath DIY SuperService Plus | Audit2 |
|---|---|---|---|
|
1 to 9 |
$1,895 |
$2,365 |
$330 |
|
10 to 19 |
$2,145 |
$2,585 |
$330 |
|
20 to 39 |
$2,640 |
$3,080 |
$440 |
|
40 to 59 |
$3,190 |
$3,630 |
$550 |
|
60 or more |
By arrangement |
By arrangement |
By arrangement |
Minimum service term is 12 months
The Ongoing Administration fee is payable in monthly instalments on or shortly after the 15th day of each calendar month from the month following the date at which the SMSF is registered with the ATO (for new fund establishments) or completion date of transition (for existing fund transfers). The fee is not pro-rata for part months.
The fee will be determined at the commencement of each financial year based on the number of investments held at 30 June. Any adjustment to the fee due to changes in investments held during the year will be processed following review at the end of the financial year.
For new funds, the minimum fee will be used in lieu of investment information and the fee will be reviewed based on investments held 3 months after receipt of initial rollover/contribution to the fund.
Important: SMSFs on the OnePath DIY SuperService service who acquire investments during the course of the financial year outside of the parameters for the OnePath DIY SuperService service will be charged the relevant OnePath DIY SuperService Plus administration fee from the month at which they ceased to meet the OnePath DIY SuperService service parameters.
Notes:
1 Number of investments refers to the number of investments held at any time during a financial year. For example, if a fund held AAA shares and fully sold them down to subsequently acquire BBB shares, which will give rise to 2 investments, AAA and BBB, held during the year.
Adding to an existing investment does not count as a separate investment.
2 The audit fee is payable annually prior to the audit
This website is intended for general information only, contains general advice only and has been prepared in good faith based on Super Concepts Pty Ltd's understanding of superannuation and taxation laws. No person should rely on the contents of this website without first obtaining advice from a qualified professional person. Super Concepts Pty Ltd and it's directors, employees, agents and OnePath Australia Limited ABN 60 000 000 79 (OnePath) and its related companies expressly disclaim all and any liability and responsibility to any person, whether a reader of this website or not, in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance whether wholly or partially, upon the whole or any part of this publication.
We believe that the advice and information given herein are accurate and reliable at the time of writing, but no warranty of accuracy or reliability is given and no responsibility in any other way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by Super Concepts Pty Ltd, any employee of Super Concepts Pty Ltd or OnePath and its related companies.
OnePath is owned by Australia and New Zealand Banking Group Limited (ANZ) and operates as ANZ’s specialist wealth management and protection business. As a result, Super Concepts is now also a subsidiary of ANZ.
