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Continuous Disclosure Updates & Important Information

Cash management

When you invest through the Service, your cash funds in AUD are pooled with the cash funds of other clients of the Service. Mason Stevens deposits these cash funds with an Authorised Deposit-taking Institution (ADI), Australia and New Zealand Banking Group ABN 11 005 357 522 (ANZ) or, for amounts to settle pending purchases or receipt of sale proceeds, using our primary sub-custodian National Australia Bank Limited. Your cash funds in AUD are managed among the deposit accounts to ensure that amounts are reserved to settle pending purchases and amounts are made available for investment.
 

The current interest rate applicable to your account for cash funds invested through the Service is:

 

Current rate (as at July 2020)
Mason Stevens Global Investment Service 0.00%
Mason Stevens Super 0.00%

 

 

The rate calculated on your funds will be determined by the interest earned by Mason Stevens on all clients’ and members’ cash funds on deposit with the respective ADI after consideration of any fees payable to Mason Stevens for any management and administration of such cash balances and associated payments and services. Mason Stevens will not withdraw your money except where instructed by you, including an authorisation by you in accordance with the terms and any investment mandates you have given.