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NAB OnLine Trading Information, trading and settlement services provided by
Australian Investment Exchange Ltd
Australian Investment Exchange Ltd
AUSIEX Terms and Conditions of Cash Account
Effective 12 December 2005
Please also view the following Terms and Conditions required for share trading:
AUSIEX Terms and Conditions of Share Trading
AUSIEX Terms and Conditions of Online Access
AUSIEX Terms and Conditions of Conditional Ordering
AUSIEX Terms and Conditions of Participant Sponsorship
1.0
Definitions
In these Terms and Conditions:
- "Cash Account"
- means the National Australia Bank Limited bank account or National Australia Trustees Limited Common Fund account nominated by you as the "cash account" for the purposes of your Share Trading Account.
- "Cash Account Provider"
- means National Australia Bank Limited if the Cash Account is a bank account with that entity, or National Australia Trustees Limited if the Cash Account is a Common Fund account.
- "Common Fund"
- means the at call Common Fund A1 account with National Australia Trustees Limited.
Cash Account Authorities
You irrevocably authorise Australian Investment Exchange Ltd ("AUSIEX"), ABN 71 076 515 930, AFSL 241400 or its agents, to operate the Cash Account to make payments from it to meet your obligations under the AUSIEX Terms and Conditions of Share Trading, the AUSIEX Terms and Conditions of Online Access, and the AUSIEX Terms and Conditions of Conditional Ordering, and to make deposits into it in relation to those Terms and Conditions. Withdrawals and deposits may be made electronically.
You acknowledge that this authority extends to AUSIEX withdrawing from the Cash Account in such a manner and at such times as AUSIEX deems reasonable and expedient and to transfer such withdrawn amounts to the AUSIEX Trust Account for the purpose of discharging or meeting your share trading commitments and other obligations and liabilities to AUSIEX, or for making payments in accordance with your written directions.
You acknowledge that until an order is settled the funds required to settle that order will be set aside in your Cash Account and will not be available to you for other purposes. You irrevocably instruct AUSIEX to instruct the Cash Account Provider to set aside the funds required to settle that Order and to only act on AUSIEX's instructions with respect to those funds set aside and to disregard any contrary instruction from you or any agent of yours.
Proceeds of "sell" transactions will be paid to your Cash Account.
If you request a National Australia Trustees Limited Common Fund account to be opened on your behalf to be your Cash Account:
| (a) | you authorise and direct AUSIEX or its agents:
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| (b) | you consent to AUSIEX receiving from National Australia Trustees Limited a commission equal to 0.25% per annum of the balance in your Common Fund account, calculated daily and paid monthly in arrears; and | ||||
| (c) | you acknowledge that you have received a copy of the Product Disclosure Statement for the Common Fund account, a further copy of which is available upon request and that you have read and understood the Product Disclosure Statement prior to opening a Common Fund account; and | ||||
| (d) | you acknowledge that any interest in the Common Fund account may not be subject to the protection of the National Guarantee Fund; and | ||||
| (e) | you authorise AUSIEX to disclose your Tax File Number(s) or exemption details (if available in your records) to the provider of the relevant Cash Account; and | ||||
| (f) | you instruct AUSIEX to deposit in the Cash Account as soon as practicable, any funds received from you or for your Cash Account. |
If you have nominated your existing National Australia Trustees Limited Common Fund account as your Cash Account, you hereby appoint AUSIEX to be your authorised representative on that account, on the applicable Terms and Conditions, including the Appointment of Authorised Representative form, contained in the Product Disclosure Statement relating to the Common Fund account.
View a printable version of this document
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 Security Update - 20 Nov 2008
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