Non-resident tax

A Wrap client’s residency status affects their withholding tax. If your Wrap client was listed as a non-resident for tax purposes during FY23/24, we need you to review their residency by 9 August 2024 to ensure it’s correct for their 2024 tax report.

What you need to do if your Wrap client’s residency as of 30 June 2024 is reported incorrectly

Please ask your client to complete the Change of Residency form (Wrap accounts only). They’ll need to include all residency changes throughout FY23/24, as well as their country of residence as of 30 June 2024.

You can send the completed form to fsgmaspfstax@macquarie.com.

This information is issued by Oasis Fund Management Limited (Trustee) (ABN 38 106 045 050, RSE L0001755, AFSL 274331), OnePath Custodians Pty Limited (Trustee) (ABN 12 008 508 496, RSE L0000673, AFSL 238346) and IOOF Investment Services Ltd (Operator) (ABN 80 007 350 405, AFSL 230703). The Trustees and Operator are members of the IOOF group of companies comprising IOOF Holdings Ltd (ABN 49 100 103 722) (IOOF) and its related bodies corporate. IOOF, the Trustees, the Operator, and its related bodies corporate and associated entities do not guarantee the repayment of capital, the performance of, or any rate of return of an investment in the products issued by the Trustees and Operator. Such an investment is subject to investment risk and other risks, including delays in the repayment of capital and loss of income and principal invested. Past performance is not an indication of future performance.

The information provided is for the use of advisers only and is not to be given to potential or existing investors. The information is of a general nature and does not take into account an investor’s personal needs, financial circumstances or objectives. Before acting on this information, an investor must consider the appropriateness of the information, having regard to their needs, financial circumstances and objectives. Full product information including fees, charges, terms and conditions is available in the relevant PDS or IDPS Guide, available by calling Customer Services on 1800 893 141 or visiting wrapinvest.com.au/adviseronline

Account information and reports produced on this site relies on information provided to us from a number of sources and as such the Trustees and Operator make no representations as to the accuracy or completeness of this information and its suitability for your intended use. To the extent permitted by law, the Trustees and Operator do not accept any responsibility or liability arising from your use of this information.

The Wrap Cash Account and Wrap Invest Cash Account are issued by Macquarie Bank Limited (ABN 46 008 583 542 AFSL 237 502).

The information on this website is current as at the date of publication and may be subject to change. For further information, please contact Customer Services on 1800 893 141.