after reading lot of good things about broking account, I started opening an account with SWF.
I was confused to see the company has not mandated to tick off all boxes on the final page. So I did not tick all boxes. However going to end of the form, it did not accept my application or the submit button did not arrive.
That's strange - why should I give power of attorney to anyone or force myself with ANZ .
Applicant declaration
* Asterisk = required field
Tick the box(es) below once you have reviewed and accepted the terms and conditions as outlined in the following documents.
Yes. I/We hereby request OpenMarkets Australia Limited (OpenMarkets) and SelfWealth Limited (SelfWealth) arrange for the opening of a SelfWealth TRADING account with Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZ”).
Yes. I/We hereby grant a limited power of attorney to SelfWealth with full power and authority to undertake and perform the following on my/our behalf in accordance with my/our instructions:
- Apply for and open a trust account with Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZ”) as bare trustee for me to enable transactions, payment of fees and charges and receipt of dividend income from my ASX listed securities; (WHY IT SHOULD BE MUST FOR ME TO SAY YES ?)
- Provide relevant information I have provided to SelfWealth Limited, including my TFN and bank account details, to an ASX approved stockbroker for the purposes of opening an account for me to enable trading in ASX-listed securities, which includes entering into an ASX Sponsorship Agreement and directing SelfWealth to settle my transactions and pay fees to SelfWealth or my broker from the trust account;
- Provide instructions to my broker in relation to corporate actions on any ASX-listed securities;
- Apply, open and provide instructions for other accounts including deposit and fixed interest accounts as required to facilitate transactions;
- Provide or complete any tax or tax related documentation required in any jurisdiction including US tax or tax related documentation;
- Perform transactions for any other investments;
- Arrange for the rollover, transfer or redemption of any assets held by me/us or on my/our behalf;
- Notify my/our contact details and my/our TFN and bank account details in respect of any investments or purchase made on my/our behalf, and
- Deduct from the trust account any fees payable in respect of my investments.
This power of attorney may be revoked by me/us at any time.
I/We hereby declare:
- I/We agree to receive all transaction confirmations and reports via online access and/or email and accept the terms and conditions of access to the technology. Further, I/We acknowledge that all communications will be sent to the email address I have provided in this Application Form, and that if I have nominated an email address not under my control, it is my responsibility to ensure I receive such communications.
- If I am/we are an individual investor(s), I am/we are 18 years of age or over.
- If I am/we are investing under a delegation of authority, I/we confirm that I am/we are investing in accordance with my/our designated powers and authority.
- The statements and answers provided in this Application Form are true and complete, and I/we will notify SelfWealth of any change of my/our personal details or circumstances as soon as possible.
- I/We authorise Tax File Numbers provided to be used by SelfWealth and OpenMarkets.
- I/We have read SelfWealth's Privacy Statement and I/we authorise the SelfWealth to use my/our personal information in accordance with its Privacy Policy.
- I/We confirm that I/we are eligible to trade in listed securities and that my/our investment does not breach any law or ruling or other binding obligation.
- I/We understand the risks of investing in securities.
- I/we understand that the value of investments may rise or fall from time to time, and that neither investment performance nor the repayment of capital is (or can ever be) guaranteed when trading in securities. Further, I/we acknowledge that SelfWealth and OpenMarkets do not assess the suitability or appropriateness of investments or the skills of available investment managers, and that I have formed my own view in relation to each investment and am solely responsible for each investment decision.
- I/We acknowledge that SelfWealth and OpenMarkets have no knowledge of my/our personal circumstances and that they have no basis on which to form a view as to the reasonableness or appropriateness of the advice, fees or investment recommendation in relation to my/our personal situation. I/We acknowledge that, where I/we fail to provide any required information or documentation, SelfWealth has the right not to accept this Application Form or any instruction for a transaction, and that SelfWealth will not be liable for any loss that may arise.
- I/We understand that SelfWealth may cease providing SelfWealth TRADING if I/we do not comply with its terms and conditions.
- As part of this application, I agree to provide the relevant information to enable the SelfWealth and OpenMarkets to confirm my identity in accordance with the Anti-Money Laundering and Counter Terrorism Financing act 2006 and its associated rules.
- I acknowledge that SelfWealth and OpenMarkets may request additional information from me from time to verify my records for the purpose of meeting the Anti-Money Laundering and Counter-Terrorism Financing act 2006.
I/We acknowledge that I/we have received, read, understood and agree to the following document(s):
I/We acknowledge that:
- I/We authorise OpenMarkets to open a broking account with OpenMarkets to be accessed through SelfWealth Ltd;
- I/We have received, read and agree to be bound by the OpenMarkets Australia Ltd AFSL 246705 (OpenMarkets) Client Agreement including Part 2 CHESS Sponsorship. I/We also acknowledge that I/We have received, read and understood the OpenMarkets Financial Services Guide and Best Execution Policy. The documents referred to are available at OpenMarkets Terms and Conditions; and
- The declarations made in this Investor Declarations are made for the benefit of OpenMarkets.
Upon the acceptance of this application, the opening of an account for the Applicant and the issue of a HIN by OpenMarkets, OpenMarkets will be taken to have agreed to be bound by and to have signed the OpenMarkets Client Agreement including Part 2 CHESS Sponsorship.
Electronic identity verification
To enable us to verify your identity, we may disclose personal information such as your name, date of birth, and address to a credit reporting agency (CRA) to obtain an assessment of whether that personal information matches information held by the CRA. The CRA may give us a report on that assessment and to do so may use personal information about you and other individuals in their files. Alternative means of verifying you are available on request. If we are unable to verify your identity using information held by a CRA we will provide you with a notice to this effect and give you the opportunity to contact the CRA to update your information held by them or verify your identity using an alternative method acceptable to us.
I/We hereby give our full and informed consent to access and confirm our name, date of birth and address with a credit reporting agency for the purposes of undertaking an electronic identity verification.
Applications will only be accepted from investors who are Australian residents for tax purposes (except in limited circumstances).
An email was sent to your email address with important documents relating to your account application (check your junk mail folder if this is not in your inbox).
This email also contains a completion PIN that you need to enter below to submit your application.