Updates to Share Trading, Investment Loan and CALIA+ Terms & Conditions and Exchange Traded Options (ETO) Product Disclosure Statement (PDS) and application effective 1 March 2019

Effective 1 March 2019, our Share Trading, Investment Loan and CALIA+ Terms and Conditions, and ETO PDS & Application will be updated.

  1. The Share Trading Terms and Conditions, CALIA+ Terms and Conditions and ETO PDS & Application are being updated to reflect changes to the authorisations given for the treatment of financial products as cover for options. Additional information such as tax residency may now be required.
  2. The Investment Loan Terms and Conditions are changing:
    1. a. to include details of how fixed interest is calculated when interest payments are capitalised onto the loan; and
    2. b. to add a new clause reserving our right to move customers without an adviser to the CommSec Margin Loan product, which is designed for non-advised clients.
    3. c. to reflect changes to the authorisations given for the treatment of financial products as cover for options.

What you need to do

We recommend that you carefully read the changes. The updated documents will be available for download from the forms page from 1 March 2019.

Advisers, please ensure you destroy any existing printed copies of the above documents and provide and clients applying for new accounts/loans the latest version/s from 1 March 2019.

Should you have any questions about these changes, please contact us.

Published: 20 February 2019