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End of financial year deadline dates and times

Below are the deadlines for any form or transaction to be processed by the end of financial year (EOFY).  Any transaction or form not validly requested before these times will not be processed in the current financial year.

Our deadline times and dates are to be used as a guide only and are subject to change dependant on volumes and turnaround times of external parties to Netwealth.

EOFY deadlines for contributions and deposits

EOFY deadlines for withdrawals and account closures

EOFY deadlines for forms

EOFY deadlines for fees

EOFY deadlines for investment instructions

 

EOFY deadlines for contributions and deposit payments

Payment type 

Deadline
(for receipt by Netwealth)

More information

Electronic Funds Transfer (EFT)

Tuesday 29 June 5:00pm (AEST)

EFT’s are generally received by Netwealth 1 business day after being submitted. Transfers may take longer (depending on the bank from which the amount is being transferred). Netwealth is not responsible for any delays in receiving the monies.

For straight-through processing please use the client's online banking details which can be found on the client's portfolio page under 'How to contribute into your Netwealth account' section, in the Client Details report and the client's welcome letter.

BPAY®

Tuesday 29 June 5:00pm (AEST)

Amounts transferred via BPAY are generally received by Netwealth 2 business days after being submitted (but can take up to 4 business days). Netwealth is not responsible for any delays in receiving the monies.

Cheque

Friday 25 June 5:00pm (AEST)

Cheques must be physically received in Netwealth’s Melbourne Head Office by 12 midday (AEST) on Friday the 25 June.

Postal Address:
Netwealth Investments Limited
Reply Paid 336
South Melbourne VIC 3205

Direct Debit

Wednesday 30 June - 12 midday (AEST)

DDR form/request must be received prior to 12 midday (AEST) on Wednesday 30 June to enable us to initiate the inward transfer.

Branch Deposit

Tuesday 29 June 5:00pm (AEST)

Non-ANZ cheques or bank cheques may take more than one business day to clear. Clients should confirm with the bank teller that funds will clear no later than Wednesday 30 June. The following details must be quoted when making a branch deposit:

Super:
Account name: Netwealth Super Applications Account
BSB: 013 030
Account Number: 837557601
Reference: Netwealth account details*

Wrap:
Account name: Netwealth Wrap Applications Account
BSB: 013 030
Account number: 838160198
Reference: Netwealth account details*

* The reference for branch deposits must be numeric. For Wrap Service accounts, replace the ‘WRAP’ with ‘9999’. For example, WRAP014444 will become 9999014444.

IMPORTANT: Please forward a copy of the branch deposit receipt to remittance@netwealth.com.au

 ® Registered to BPAY Pty Ltd ABN 69 079 137 518

 

 

EOFY deadlines for withdrawals and account closures

Withdrawal type

Deadline
(for receipt by Netwealth)

What do we need?

Re-contribution strategy (cash)

 

Wednesday 23 June by 5:00pm (AEST)

All completed and valid documentation

Re-contribution strategy (in-specie transfers)

Wednesday 16 June  5:00pm (AEST)

All completed and valid documentation

Super - closure

 

Thursday 24 June by 5:00pm (AEST)

All completed and valid documentation

Super - Partial benefit payment

 

Thursday 24 June by 5:00pm (AEST)

All completed and valid documentation

Wrap - Withdrawal

 

Thursday 24 June  by 5:00pm (AEST)

All completed and valid documentation

Wrap - Account closure

 

Thursday 24 June by 5:00pm (AEST)

All completed and valid documentation

SMSF windup – Wrap to Super

 

Friday 18 June by 5:00pm (AEST)

All completed and valid documentation

 

The deadline for in-specie transfers (parcels) or backdating of unit prices is by Friday 18 June 2021 by 5:00pm (AEST).

 

 

EOFY deadlines for forms

Form type

Deadline
(for receipt by Netwealth)

What do we need?

Super/Pension applications

Monday 28 June by 5:00pm (AEST)

Completed & signed documentation

Term Allocated Pension applications

Friday 25 June by 5:00pm (AEST)

All funds, completed and signed documentation including completed & signed Rollover Benefit Statement.

Super - internal transfers

Thursday 24 June by 5:00pm (AEST)

All completed and signed

documentation.

Super - additional contributions

Monday 28 June by 5:00pm (AEST)

Completed & signed documentation including funds.

Contribution adjustments

Wednesday 16 June by 5:00pm (AEST)

All completed signed and valid documentation, including supporting evidence.

Financial year tax deductions

Monday 28 June by 5:00pm (AEST)

Completed & signed documentation.

Rollovers

Monday 28 June by 5:00pm (AEST)

All funds, completed and signed documentation including completed & signed Rollover Benefit Statement.

Rollover adjustments

Wednesday 16 June by 5:00pm (AEST)

Completed & signed Rollover Benefit Statement.

 

 

 

EOFY deadlines for fees

Request type

Deadline
(for receipt by Netwealth)

What do we need?

On-going advice fees

Monday 28 June by 5:00pm (AEST)

Completed and signed form by the client.

Ad-hoc fee payment

Monday 28 June by 5:00pm (AEST)

Any valid ad-hoc fee that is received between:

June 1 to 15 will be processed in the mid-June payment run (paid approx. 21 to 24 June)

 

Any valid ad-hoc fee that is received on or before will be processed in June.

Ad-hoc fee rebate

Monday 28 June by 5:00pm (AEST)

Sufficient remuneration or licensee approval for the clawback if adviser remuneration is insufficient for the rebate.

 

Fee payments for the month of June will be received in the mid July payment run. This will be approximately the 12 July 2021. 

 

 

EOFY deadlines for investment instructions

Transaction type

Deadline
(for receipt by Netwealth)

What do we need?

Super/Wrap in specie transfer in

Wednesday 23 June by 5:00pm (AEST)

All completed and valid documentation.

Off market trades/Wrap to wrap transfers

Wednesday 23 June by 5:00pm (AEST)

All completed and valid documentation.

Cost-base adjustments 

Cost Base Adjustment requests do not have a deadline, however, have a 30-business day processing time.

Tax Statements can only be produced once Cost Base Adjustments have been finalised.

All completed and valid documentation.

Managed Fund or ASX securities trades (by form)

Tuesday 29 June by 5:00pm (AEST)

All completed and valid signed documentation.

 

 

At year end when calculating distributions, fund managers often require extended timeframes to price funds and confirm transactions. 

Confirmation dates for pending transactions provided on our website are indicative only and do not consider these extended fund manager timeframes during distribution periods.

Portfolio balances for accounts holding managed funds may temporarily be lower than expected during July, due to timing differences between managed fund price adjustments  and the processing of their 30 June distributions.

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