What documents do I need to prepare to open an account?

To comply with Australian Anti-Money Laundering and Counter-Terrorism Financing laws, we need to verify your identity. This is a standard process called 'Know Your Client' (KYC). We use AUSTRAC-compliant electronic verification services to verify your identity and address whenever possible. If this is unsuccessful, we will ask you to provide physical copies of acceptable government-issued photo identification and proof of address documents.

Here's a general overview of what you might need:

Individuals/Joints:

• Photo identification: A clear photo of your Australian Driver's Licence or Passport. Non-Australian passports are also accepted.
• Proof of residential address (if requested): A recent (within the last 6 months) bank statement, credit card statement, or utility bill showing your name and address. Please note: A driver's licence alone is not acceptable as proof of address.

SMSFs:

• Photo identification and proof of residential address: For each trustee and beneficiary.
• Evidence of registration with the ATO
• Certified copy of the SMSF trust deed (if request)

Companies:

• Photo identification and proof of residential address: For each director and beneficial owner (individuals who own or control 25% or more of the company).
• ASIC company registration record

Individual Trusts:

• Photo identification and proof of residential address: For each trustee and beneficiary.
• Certified copy of the trust deed.

Company Trusts:

• Photo identification and proof of residential address: For each director and beneficial owner (individuals who own or control 25% or more of the company).
• Certified copy of the trust deed.
• ASIC company registration record

Please note that additional information may be requested by our team to successfully open a new account. This can be to comply with regulatory requirements or relate to the specifics of the account in question.

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