Authorisations

Types of Authorisations What you can do


SMSF Advisor:

“BASIC” and “BASIC + DIY”

Provide financial product advice and deal in a financial product in relation to Self Managed Superannuation Funds.

Provide financial product advice in relation to Superannuation funds to the extent required for;

      • making a recommendation to establish an SMSF
      • advice in relation to contributions or pensions

ADVANCED

As above plus provide “Class of Financial Product Advice” in relation to the following classes of financial products;

(i)  securities;

(ii) simple managed investment schemes;

(ii) basic deposit products;

(iii) superannuation;

(iv) life insurance;

(v) general insurance.

BASIC ($3300pa +PI Cover + Statement of Advice Preparation Costs – Hunter Green personnel prepare your Statements of Advice as required)

Recommend a client start a self-managed super fund and assist in its establishment.

Discuss / recommend levels of contributions for both SMSFs and personal superannuation funds

Discuss / recommend pension commencement (including Transition to Retirement pensions) for both SMSFs and personal superannuation funds

Recommend a client rollover existing super (including RSAs) to a SMSF

Recommend a client wind-up a SMSF and recommend rollover to an alternative super fund

( both subject to compliance with the “best interest” and “super switching” advice requirements )

BASIC + DIY ($6600pa +PI Cover)

As above however you prepare your own Statements of Advice

ADVANCED ($9900 + PI Cover)

As above plus:

discuss a client’s investment strategy, asset allocation, life insurance and general insurance needs, without providing any specific product recommendations. (eg without recommending a client open a bank account for their SMSF with a particular institution)


Wealth Protection Specialist:

Provide financial product advice and deal in a financial product for the following classes of products:

(i) deposit and payment products;

(ii) life products;

(iii) retirement savings accounts (“RSA”) products; and

(iv) superannuation.

Recommend and arrange life risk insurance products and investment bonds issued by a life insurance company, and the replacement of such products with other such products (subject to the replacement product advice requirements).

Recommend a client rollover existing super (including RSAs) (subject to compliance with the super switching advice requirements).

Discuss/ recommend levels of contributions

Discuss/ recommend pension commencement (including Transition to Retirement pensions)

After completing additional training:

Provide the same type of advice in relation to SMSFs


Investment Specialist (non- Risk): Provide financial product advice and deal in a financial product for the following classes of products:(i) deposit and payment products (including FHSAs);

(ii) debentures, stocks or bonds issued or proposed to be issued by a government;

(iii) retirement savings accounts (“RSA”);

(iv) interests in managed investment schemes including investor directed portfolio services and managed discretionary accounts not operated by Hunter Green;

(v) securities;

(vi) standard margin lending facilities; and

(vii) superannuation.

Advise on and deal in all investments (except derivatives) and superannuation products, either directly or through master trusts or wrap platforms.

Advise on and arrange managed discretionary account services offered by MDA operators external to Hunter Green

Advise on and arrange standard margin lending facilities (ie those offered by major banks).


Financial Advisor:

Provide financial product advice and deal in a financial product for the following classes of products:

(i) deposit and payment;

(ii) debentures, stocks or bonds issued or proposed to be issued by a government;

(iii) life products;

(iv) interests in managed investment schemes including investor directed portfolio services and managed discretionary accounts not operated by Hunter Green;

(v) retirement savings accounts (“RSA”) products;

(vi) securities;

(vii) standard margin lending facility; and

(viii) superannuation;

Provide Full Financial Advice


These are Hunter Green’s standard authorisations to cover the most usual business situations. However,we are open to tailoring your authorisations (and therefore the support, training & compliance required) to suit you and your business, including different authorisations for different staff members.