Acclaim Invest Application Form Guide

To open an account all investors must have an adviser, online access, and provide their email address and mobile telephone number for the purposes of accessing their account and receiving notices and information about their account.

You must ensure the email and mobile phone number provided are up to date. If personal details change, please make the relevant updates through Acclaim Online or let us know as soon as possible by contacting us on 1300 264 264 or by email at info@acclaimwealth.com.au.

How to invest

  1. Read the Product Disclosure Statement (PDS) and other disclosure documents for Acclaim Invest

  2. Read and complete all relevant sections of this application form.

  3. Read the declaration and sign the application form.

  4. Provide certified copies of supporting identification and documents, including any power of attorney authorisations.

  5. Lodge the application form together with the supporting identification and documents. We recommend that you keep copies for future reference.

  6. All individual and beneficial owners that are party to this application must complete the FATCA, CRS, Self-certification section of the application.

Supporting identification documents

Australian anti-money laundering and counter-terrorism financing laws oblige Acclaim to ask for supporting identification documents from prospective investors in order to meet our obligations under Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) laws (AML/CTF). AML/CTF Act includes any business that provides any of the designated services set out in the AML/CTF Act.

By opening an Acclaim Invest account, you agree that:

  • You are not applying for an interest in the Scheme under an assumed name.

  • Any money invested by you in the Scheme is not derived from or related to any criminal activities.

  • Any proceeds from your investment in the Scheme will not be used in relation to any criminal activities.

  • If we ask, you will provide us with additional information we reasonably require for the purposes of AML/CTF laws (including information about you, any beneficial interest in the Scheme, or the source of funds).

  • We may obtain information about you or any beneficial owner who has an interest in the Scheme from third parties if we believe this is necessary to comply with AML/CTF laws.

  • In order to comply with AML/CTF laws we may be required to take action, including:
    − Delaying or refusing the processing of any application or withdrawal.
    − Disclosing information that we hold about you (or any holder of a beneficial interest in the Scheme) to our related bodies corporate or service providers, or relevant regulators of AML/CTF laws (whether in or outside of Australia).

Automatic exchange of information

Australia participates in Automatic Exchange of Information (AEOI) regimes concerning the automatic exchange of financial account information with a number of foreign jurisdictions. These regimes are known as the Foreign Account Tax Compliance Act (FATCA). In the case of exchange by Australia with the United States of America and the Common Reporting Standard (CRS) in the case of exchange by Australia with other countries that have implemented the CRS Standard.

CRS and FATCA obligations are imposed on Australian financial institutions (AFIs) through the operation of the Taxation Administration Act 1953. A requirement of the legislation implementing FATCA and CRS is that AFIs must collect and report specified information to the Australian Taxation Office (ATO).

Acclaim is subject to the FATCA and CRS obligations. The FATCA, CRS, Self-certification section sets out the information required to be collected by Acclaim and all applicable applicants must provide responses to the questions in this section as appropriate. If you do not provide the information requested, we will not be able to process your application.

Acclaim is not able to provide tax advice and cannot determine the impact or compliance obligations of FATCA or CRS on investors. Acclaim strongly encourages investors to seek the advice of an experienced tax adviser to determine what actions, if any, investors need to consider.

Beneficial ownership

In accordance with AML/CTF laws, Acclaim Wealth must collect additional information on for the following investor types:

  • Companies where individual shareholders control or own 25% or more of the issued capital; and

  • Unregulated trusts (e.g. family trusts) where individual beneficiaries control or are entitled to a 25% or more interest by membership class in the Trust.

  • For partnerships, this includes, but is not limited to, partners who hold 25% or more beneficial interest in the partnership.

  • For associations, this includes, but is not limited to, the chairman (or equivalent), secretary, or treasurer who holds 25% or more beneficial interest in the association.

What type of investor am I?

The following table sets out your investor type that will determine the form(s) of identification required.

Type of Investor and Description

Person(s)
Investing in your personal capacity.
Individual trustee

Individual(s) acting as a trustee(s) of a trust or superannuation fund
Investing in your personal capacity as a trustee on behalf of a trust or superannuation fund. A trust will be established pursuant to a trust deed. Trusts can include:

  • Superannuation funds (including self-managed superannuation funds)

  • Family trusts

  • Charitable trusts

  • Testamentary trusts

Corporate trustee

Australian company acting as a trustee(s) of a trust or superannuation fund
Company incorporated in Australia, acting in the capacity of trustee on behalf of a trust or superannuation fund. A trust will be established pursuant to a trust deed, examples of which are listed in the section above.
Company
Company incorporated in Australia including:

  • Proprietary company (ending in 'Pty Ltd')

  • Public company (ending in 'Limited') – listed on a securities exchange or unlisted.

  • Companies limited by guarantee

Partnership
Established pursuant to a partnership agreement/deed.
Association
Incorporated association is registered by the State or Territory in which the association is based and involves formal appointments of a public officer and committee.

Unincorporated association does not have a legal identity and cannot hold assets in its own name. Appointment of individuals as trustees who own the assets but hold them for the benefit of the association.


Certifying copies of supporting identification and documents

A certified document is a document that has been certified as a true copy of the original document by an eligible certifier. To certify a document, take the original document and the photocopy to one of the people listed in the categories below and ask them to certify that the photocopy is a true and correct copy of the original document.

Originally certified identification documentation must have been certified within the last 12 months.

Sample wording or similar to be used by the certifier is provided below.

I, [full name], certify that this is a true and correct copy of the original [name, occupation, licence number (if any), signature and date].

The person providing the certification must date and sign the identification documents and clearly write information about their name, occupation and licence number (if any). Alternatively, if they have a stamp that includes this information they may stamp the document.

All identification documentation provided must be in the name of the investor.

Non-English documents must be accompanied with a translation prepared by an accredited translator.

An accredited translator is a person currently accredited by the National Accreditation Authority for Translators and Interpreters Ltd (NAATI) at the level of Professional Translator, or above, to translate from a language other than English into English; or a person who currently holds an accreditation that is consistent with this standard.

Eligible certifiers: who can certify copies of documents?

When having copies of documents certified, you should show both the original document and a copy to the eligible certifier.

Legal

  • A person who is enrolled on the roll of the supreme court of a state or territory, or the high court of Australia, as a legal practitioner (however described)

  • A judge of a court

  • A magistrate

  • A public notary

  • A justice of the peace (please include registration number (or equivalent))

  • A commissioner of declarations (please include registration number (or equivalent))

Police

  • A police officer (please include registration number (or equivalent))

Post Office

  • An agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public

  • A permanent employee of the Australian Postal Corporation, with two or more years of continuous service, who is employed in an office supplying postal services to the public

Finance corporations (bank, building society, credit union)

  • A bank / building society / credit union / finance company officer with 2 or more continuous years of service

  • An officer with, or authorised representative of a holder of an Australian Financial Services Licence, having 2 or more continuous years of service with one or more licensees

Pharmacist

  • A pharmacist (please include registration number (or equivalent))

Accountant

  • A member of the Institute of Chartered Accountants in Australia, the Australian Society of Certified Practising Accountants or the National Institute of Accountants

Privacy notice

Acclaim is committed to respecting your privacy and complying with laws regulating how organisations deal with personal information. A copy of our Privacy Policy and Collection Statement is available on our website at www.acclaimwealth. com.au which sets out how we handle personal information.

Certified identification and personal details

This section outlines the types of documents that you will need to provide. We will collect these documents before processing your application and may request additional information at a later date. If you do not provide the documents we request, we will not be able to process your application.

The following table is a guide to the certified ID requirements and personal details required to open an Acclaim Invest account. The AML/CTF Act 2006 requires that financial institutions collect and verify specific information about their clients.

Certified copies of ID must be clear and legible with a certification date of less than 12 months ago. Please refer to the section above for a guide to who is authorised to certify and how this should be done. If your identification is written in a language other than English, you must provide a translation into English by a translator who is accredited by the National Accreditation Authority for translators and interpreters.

Certified identification for individuals

The minimum certified ID is as follows:

  • One item from ‘Primary Photo ID’, or

  • One item from ‘Primary NON-Photo ID’ AND one from ‘Secondary ID‘

GROUP A
Primary photographic ID
 Primary NON-photographic ID
 Secondary ID

  • Australian passport (current or expired less than two years)

  • Birth Certificate issued by Births, Deaths & Marriages (Please provide evidence of name change where required)

  • Tax Assessment Notice in client’s name
    with their residential address (less than
    12 months) – P.O. Box not accepted

  • Foreign passport (must be current and accompanied by evidence of Australian residency)

  • Australian citizenship certificate

  • Government Benefits Notice in client’s
    name with their residential address
    (less than 12 months old) – P.O. Box not
    accepted

  • Australian driver licence or learner permit (current)

  • Foreign citizenship certificate

  • Utility bill in client’s name with their
    residential address (less than three
    months old) – P.O. Box not accepted
One of the following photographic ID
(current):

  • Card issued under state or territory for
    the purpose of providing a persons
    age

  • Foreign national ID card issued by a
    foreign government, the UN or agency
    of the UN

 One of the following current Centrelink
pension cards:

  • Health care card

  • Commonwealth seniors health card

  • Pensioner concession card

  • Interim concession card

  • Local government rates notice in
    client’s name with their residential
    address – P.O. Box not accepted (less
    than three months old)

  • Foreign birth certificate

  • Notice issued by approved Australian
    Aged Care facility (less than 12 months
    old). Include name, residential address
    and registration number – P.O. Box not
    accepted

Certified identification for other entity types

For all other entity types, please see ID requirements in the tables below.

Group BGroup C
Group D
Group E
Superannuation fund
Company (including
trustee companies)
Trust
Testementary trust

  • Individual ID for each trustee*

  • Certified trust deed (can certify on the title page) showing:
    • Members
    • Signatories
    • Trustees
    • Execution date

  • Superannuation fund ABN

  • Provide personal details of
    all members

  • Personal details and
    Individual ID for ALL
    directors, including non-
    signing ones*

  • ASIC company extract or
    statement (to verify the
    directors, shareholders and company details)

  • Company ACN

  • Shareholders/beneficial
    owners with 25% or more
    ownership (needs to be
    verified and identified)*

  • Registered address

  • Principal place of business

  • Individual ID for each
    trustee*

  • Certified Trust Deed (can certify on the title page) showing:
    • Execution date
    • Settlor or appointor
    • Trustees
    • Controlling persons
    (needs to be verified
    and identified*
    • Beneficiaries or class of beneficiaries

  • Personal details are
    required for all beneficiaries
    (with the exception of
    classes)

  • Individual ID for each trustee*

  • Certified trust deed or will and probate (can certify on the title page) showing
    • Execution date
    • Settlor or appointor or
    trustees
    • Controlling persons
    (need to be verified and identified)*
    • Beneficiaries or class of
    beneficaries

  • Personal details are
    required for all beneficiaries
    (with the exception of
    classes)

Group FGroup G
Group H
Group I
Estate
Partnership
Association (incorporated)
Association (unincorporated)

  • Individual ID for each
    executor*

  • Certified copy of the will
    and probate

  • Personal details are required for all beneficiaries (with the exception of classes)

  • Individual ID for each partner*

  • Partnership agreement; and

  • Minutes of a partnership
    agreement; or

  • A notice issued by the ATO within the last 12 months; or

  • Membership details of
    a relevant professional
    association; or

  • A search of the relevant
    ASIC or other regulators
    database

  • Individual ID for officers/signatories*

  • Certificate of incorporation

  • Certified, signed meeting minutes showing which
    officers can operate the
    account/signatories

  • Certified copy of the
    constitution/rules of the
    entity

  • Full name of chairman,
    secretary and treasurer or
    equivalent

  • Individual ID for officers/signatories*

  • Certified, signed meeting minutes showing which
    officers can operate the
    account/signatories

  • Certified copy of the
    constitution/rules of the
    entity

  • Full name of chairman,
    secretary and treasurer or equivalent

*Please note, in order to be verified and identified as an Individual, we require the following:

  • Acceptable identification documents.

  • Personal details including name, residential address, date of birth, citizenship, nationality, occupation, and if you are a US citizen or resident for tax purposes.