Third Party Nomination - Daily

In some instances you may wish to give authority to another person to interact with Supercorp on your fund administration matters.

In some cases this authority / instruction may include:

  • the request of a payment from your SMSF bank account
  • the request of confidential information about your fund

To ensure the security of your SMSF it is essential that Supercorp has in place clear written instructions on how you would like us to interact and take instructions from third parties and the Third Party Authority Nomination allows this.

What are the levels of authority?

Three levels of authority are available for selection:

Authority to Instruct Payment
This option provides the nominated person the full authority to instruct payments from your SMSF bank account except for member benefits/pension payments. It is important that you provide us with one of these if you wish for example an advisor to request payments for investments, your Personal Assistant to provide us with invoices for payment etc without your written consent. This should be put in place in conjunction with the Payment Authority form.
Authority to Access
This option gives the nominated person the authority to access fund and member information from Supercorp via the website, phone, fax or email after security confirmation.
Authority to Receive
This option gives the nominated person the authority to automatically receive a copy of the end of year financial documents, including a copy of Financial Statements, Investment Reports, Member Statements and SMSF Annual Return via email.

Fund Contact as a Third Party

This option should be used very carefully as it replaces you as the primary contact for the fund.

This will be appropriate where the Trustees is authorising an advisor to liaise with Supercorp on all matters on their behalf. It provides the nominated person with the full authority to acct on ALL fund matters except for member benefits or pension payments. This may include, but is not limited to, instructions on transaction queries, contribution confirmation, and auditor liaison matters. For daily administered funds this will also include all payment instructions associated with the DDH Bank Account, except for member benefit or pension payments.

What happens if no Third Party Authority Nomination is in place?

This is optional and your fund security needs to be carefully considered before you provide a Third Party with any Authority Nomination.

It is important that you understand all old versions of authorities will expire on 30 June 2011. Going forward there will be the three above authority levels only.

If we do not have a current third party authority nomination on file; Supercorp will not be able to provide any information to a third party, nor act on any instructions from a third party.

This should be considered together with your payment authority level chosen. For example if you want your personal assistant to send through by fax or email invoices for payment, if it fits within the general payment authority level, no further authority would be required.

If the amount was more than $5,000.00 we would need your instruction in writing unless you provide a third party authority nomination.

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