Transaction Account

The centre of your investment portfolio

Supervision have chosen to utilise a Macquarie Cash Management Account for your SMSF & Other Entities as a transactional account.

What is a transaction account? Your cash account is the central hub to complete and track all cash transactions.  One dedicated transaction account is paramount for effectively managing your SMSF, Business, Partnership, Trust & Personal Wealth  because it will supply information about all cash related transactions. These transactions include:

  • Contributions

  • Dividends

  • Rent

  • Proceeds from Sales

  • Expenses

  • Pension Payments

  • Investment Purchases

  • Drawings & Distributions

Data Feeds

In order to streamline the accounting function of your entity, we have chosen Macquarie Cash Management Account to deliver data to Supervision and associated IT partners. Every day your banking transactions are uploaded into our accounting system and accounted for. Because the bank provide this free, it helps to keep costs down throughout the supplier chain which helps you reduce your SMSF costs..

Convienient Service

This transaction accounts provides online banking to all of our clients, through a top class and user friendly internet banking facility. You can transfer amounts between transaction accounts directly to pay bills for tax or other asset purchases. It is easy to establish periodic payments for pensions or recurring payments that need to be made.

Competitive Interest Rates

Macquarie CMA has solid track record of paying a competitive interest rate to their transaction accounts. The interest rate is calculated daily and paid monthly. Whilst the transactional account pays interest, your Account should not rely on the transactional account to generate all of your investment returns. It should make up part of the overall investment strategy not dominate it.

Linked Service

The linkage of our transaction accounts with other product providers such as Term Deposit and Share trading accounts is important because it eliminates the need for you to manually transfer money between accounts. This is the smart way to go, make the trade and the bank transfer just happens.

Flexibility

Easy access to your cash via online or phone banking, cheque book facility and Bpay®.

Visibility

Online statements and access to detailed reporting on your transaction account. View all of your transactions without paper statements.

Government Guarantee

Government Guarantee for aggregate deposits of up to $250,000^

Essence of SMSF

The banking product that we have chosen has seen the whole SMSF picture. They understand that many people are involved in looking after an SMSF each year and if their IT systems are not efficient, it has ramifications all along the SMSF chain.

Our transaction account has:

  • $0 minimum interest
  • Interest Calculated daily, paid Monthly
  • Nil Entry/Exit Fees
  • Data Fed into our accounting platform daily
  • They deliver convenient service to clients, including online banking facilities
  • Competitive Interest Rate 1.9% currently*
  • The service is linked to other service providers (such as term deposits, online trading platforms and insurance services.)
  • Detailed Reporting Features
  • Personalised Service
  • They demonstrate the very essence of SMSF

It is important to understand that not all transaction accounts are the same when it comes to accounting and administration requirements. Our experience tells us that the quality of reporting, payment options and data feeds all contribute to the ease at which Supervision can complete your accounting requirements. Without the common features above, your Entities can’t be kept up to date and you can’t get things like your tax return done quickly.

*This rate is the current rate of interest, this interest rate may change at a time when we are unable to update our website. Please check with the account provider directly to confirm the interest rate.

How does it work?

This transaction account allows you to move funds in and out within an environment of complete visibility and control.

Our chosen transaction account offers an efficient way to facilitate your investments. With an extensive range of features and services, the accounts may be the ideal transaction account for consolidating your cash and establishing an efficient cash flow management system.

All of your listed income receipts will be automatically direct credited to this transaction account in the case of dividend, distributions, rent and other income payments.

Where possible all your known expenses will be automatically direct debited from this account in the case of regular monthly administration & compliance fees, loan repayments, insurance premiums, pension payments, investment plans and more.