Managed investments - updating existing investments 108-04090030
Expand allThis document outlines how to process an update to managed investments owned by a customer or an entity such as a private trust or private company.
Updates before 20 March or 20 September or CPI events
If the bulk update for 20 March, 20 September or any other CPI event has been actioned, the Event Date may display as a date in the future when updating a managed investment.
For example, today's date is 15 March and Event Date for investment shows 20 March.
In these cases, follow the workaround for MIS/SIS updates just before 20 March or 20 September.
Funds managed by Public Trustee
A Public Trustee may be appointed as guardian or administrator to manage the personal affairs of someone who is unable to do this for themselves. It is similar to a power of attorney arrangement.
A Public Trustee may also be appointed as trustee of a trust fund set up to hold assets on behalf of a beneficiary. Some examples are testamentary trusts, statutory trusts set up by the courts and protective trusts set up for children.
To determine the correct treatment of these funds, see Managed investments - adding a new investment.
The Resources page contains links to forms, the Financial Industry and Network Support (FINS) Bulletin and Helpdesk contact details.
Related links
Income and assets options online
Accessing and using Centrelink self service
Managed investments - adding a new investment
Revaluing managed investments, shares and securities
Updating shares and securities
Exempting superannuation investments
Indexing, recording and reviewing organisations
MIN/SIN Database Maintenance and Updates
Loans and liabilities against assets