Investment Fund Market Guide - Australia

31.01.2018

Key features (Register market)

 

Yes/No

Remarks

Settlement free of payment

Yes

 

Settlement against payment

Yes

Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements

Yes

Refer to Disclosure Requirements – Investment Funds – Australia.

Restrictions on customer

Yes

Refer to Holding Restrictions – Investment Funds – Australia.

Restrictions on settlement

No

 

 

 

Remarks

Market type / link type (Settlement link)

Register market and CSD link

Eligible fund types in CBL

Register market: Managed investment schemes

CSD linka: ETFs and listed managed funds are accepted for settlement in ASX

a. Please refer to the Creation Link Guide - Australia for more details on funds on CSD link.

Eligible fund types in CBL

Register market

Managed investment scheme – Defined under the Corporations Act 2001 (Cth) and generally has the following features:

  • People are brought together to contribute money to acquire rights (or interests) in the scheme (a type of financial product).
  • Contributions are pooled together with other investors or used in a common enterprise.
  • A “responsible entity” operates the scheme and investors have no day-to-day control over the operation of the scheme.

Examples of managed investment schemes eligible in CBL:

  • Unit trust;
  • Contract-based investment scheme;
  • Investor directed portfolio service (IDPS).

CSD link

(Please refer to the Creation Link Guide - Australia for more information.)

Exchange Traded Fund (ETF) – Listed ETFs have the same settlement process as listed equities.

Listed Managed funds - Australian Securities Exchange (ASX) offers four (4) types of listed managed funds:

  • Listed investment company (LIC) and Listed investment trust (LIT);
  • Australian real estate investment trust (A-REIT);
  • Infrastructure fund;
  • Absolute return fund.