Frequently Asked Questions
Financial Planning
1. Is this the right investment for me?
If you are unsure you may wish to seek advice from an authorised financial planner/adviser.
2. Do I need to invest through my financial planner/adviser?
Investors who are members of on-line platforms such as CommSec Direct or Etrade should download the application form associated with the Fund's PDS from the on-line platform.
The completed application form should be sent to the Administrator - Computershare Funds Services Pty Limited at Yarra Falls 452 Johnston Street Abbotsford VIC 3067
Indirect investors should apply through their relevant IDPS operator.
3. Does EQT pay a Commission to my financial planner/adviser?
EQT may pay a Commission to a financial planner or adviser or an on-line platform out of a Fund's Responsible Entity fee.
Risk of Investing
1. Is my money safe?
All investments, particularly equity investments and derivatives, have a degree of risk, depending on market factors and economic fluctuations, relating to capital growth or income.
2. Are my investments guaranteed?
Neither EQT nor TechInvest guarantee the success, repayment of capital or any rate of return on income or capital or investment performance of the Funds.
Fees & Costs
1. What are the fees?
Full details of fees are included in each Fund's relevant PDS.
Management costs are accrued daily and are reflected in the unit prices of the Fund. Outgoings related to the Fund will include, but are not limited to, charges such as audit fees, promotion, legal fees, custody, administration, brokerage and government charges.
2. Are there entry or exit fees?
No, there are no entry or exit fees applicable to an investment or withdrawal from a Fund for the currency of this PDS. A Buy/Sell Spread or transaction cost does however apply to the Funds.
3. What is the Buy-Sell Spread/Transaction Cost?
This reflects the costs of processing your subscriptions and redemptions and buying and selling investments when you subscribe for, or redeem units from, the Fund. The buy-sell spread is not a fee to EQT or the Investment Manager; rather it is reflected in the application and redemption prices of units in the Fund.
Applications & Investments
This section "Applications & Investments" only applies to direct investors. Indirect investors applying through an IDPS should consult their IDPS operator or IDPS Guide for more information regarding investment in this Fund.
1. How do I invest?
You can make investments in the Fund by completing the application form at the back of the relevant PDS and attach a cheque payable to "Equity Trustees Limited ATF [insert Name of Fund] - Operating". Alternatively, you can deposit your application monies via Electronic Funds Transfer (EFT) to the following Fund accounts:
Equity Trustees Limited ATF TI Technology Investment Fund - Operating
BSB: 013-006 Account Number: 8371-70642
Equity Trustees Limited ATF Intercept Capital Fund - Operating
BSB: 013-030 Account Number: 8372-20275
Equity Trustees Limited ATF TI Explicit Alpha Fund - Operating
BSB: 013-030 Account Number: 8372-20283
2. Where do I send my application forms?
Application forms together with your cheque should be sent directly:
Computershare Funds Services Pty Limited
GPO Box 804
Melbourne VIC 3001
If you directly deposit your application monies via EFT, you must note this on the application form.
3. Is there a minimum investment amount?
The initial investment for each of the Funds is $5,000 or more and the minimum additional investment is $1,000.
4. How can I add to my investment?
You can make additional investments of $1,000 or more at any time by completing an application form attached to a current PDS. The reference number provided by the Administrator with the initial investment should accompany additional investments.
5. What progress reports will I receive?
All investors who provide an email address will receive electronically a monthly communication from the Investment Manager, which will also be posted on this website. All investors will be sent an annual report from the Responsible Entity in connection with the Fund, a yearly Distribution Statement and confirmations of investment and withdrawal transactions.
6. What do the annual statements cover?
Annual statements provide investors with relevant taxation information, including a detailed summary of the components of any Distributions. This will assist you with your tax return.
7. Who can invest in the Fund?
Unitholders can be individuals or joint unitholders, clubs and associations, partnerships and companies or the trustee(s) of a DIY Superannuation Fund.
Payments & Withdrawals
This section "Payments & Withdrawals" only applies to direct investors. Indirect investors applying through an IDPS should consult their IDPS operator or IDPS Guide for more information regarding payments and withdraws from this Fund.
For unitholders who acquired units in the TI Technology Investment Fund prior to 29 July 2005, Equity Trustees Limited requires additional information that certifies their identity as holders of units in the Fund. This is required in order to pay future distributions, meet requests for redemptions as well as to maintain accurate contact information for fund communication. Unitholders were requested to provide this information in 2005 and will be asked to review this information again in August/September 2006.
1. How do I withdraw my investments?
You may access your investment in the Funds by sending a letter by post or fax to Computershare specifying your requirements.
Computershare Funds Services Pty Limited
GPO Box 804 Melbourne VIC 3001
or fax (03) 9473 2140
Your redemption notice should include a nominated bank account in the name of the party holding the units in the Fund. Redemption proceeds will not be paid by cheque. Please refer to the terms and conditions for making fax withdrawals.
2. How quickly can I get my money back?
Your funds can be accessed within 5 Business Days in the normal course of business. The Responsible Entity may exercise discretion in reducing or, in some instances, increasing the withdrawal periods. Refer relevant PDS on this website.
Note: All withdrawal requests should be received by 2:00 pm each Business Day for processing on that day, with funds usually made available within 5 Business Days.
Distributions
This section "Distributions" only applies to direct investors. Indirect investors applying through an IDPS should consult their IDPS operator or IDPS Guide for more information regarding Distributions from this Fund.
1. How often is money paid to me?
Income Distributions are annual. You can expect to receive Distributions (if any) approximately 30 days after the end of each financial year-end. Income Distributions paid at the end of the financial year comprise your share of any "net income" (including taxable capital gains) earned by the Funds.
2. What can I do with my income?
You can have your income reinvested or directly credited to your nominated bank account. Where a nominated bank account is not provided, Distributions will be automatically reinvested in the Funds.
GST & Other Taxes
1. Do I have to pay tax on my investment?
As a general rule, most investment returns are taxable as either income or capital gains. A consolidated annual tax statement will give the appropriate details for your tax return.
2. Does GST apply?
Yes, the estimated management costs are inclusive of GST after allowing for an estimate of Reduced Input Tax Credits ("RITCs"). EQT will apply for associated RITCs where applicable to reduce the cost of GST to the Fund.
3. Do I have to be an Australian citizen/resident to invest in the Fund?
No, however the offers made in each Fund's PDS are available only to persons receiving it in Australia. With respect to non-residents, EQT or Computershare Funds Services Pty Limited may withhold an amount on account of Australian tax from Distributions, including those paid on redemptions, to non-residents. Non-resident investors should obtain professional tax advice prior to investing in the Funds.
Service Queries/Problems
This section "Service Queries/Problems" only applies to direct investors. Indirect investors applying through an IDPS should consult their IDPS operator or IDPS Guide for more information regarding queries arising out of this Fund.
1. If I have a query or problem, who will look after me?
The Computershare Funds Services Pty Limited Client Services Officers can be contacted on 1300 553 481 or at Yarra Falls 452 Johnston Street Abbotsford VIC 3067. Alternatively, a client service officer may be contacted by email at TechInvest@computershare.com.au
2. If I have a complaint, who will look after me?
EQT seeks to resolve potential and actual complaints over the management of the Funds to the satisfaction of investors. If an investor wishes to discuss any aspect of the management of the Funds please write or email to Equity Trustees Limited, GPO Box 2307, Melbourne, Victoria 3001, email: funds@eqt.com.au.
If an investor wishes to lodge a formal complaint, please write to the Compliance Department at Equity Trustees Limited, GPO Box 2307, Melbourne, Victoria 3001. EQT will acknowledge receipt of the complaint within 14 days of receiving the letter. EQT must resolve the complaint or give the investor a further avenue for complaint, not more than 90 days after the receipt of the complaint.
If you are still not satisfied, you are able to take your complaint to the Financial Industry Complaints Service ("FICS") (31 Queen Street, Melbourne 3000 or call toll free 1800 335 405) of which EQT is a member. FICS is an independent body that can assist you if EQT cannot. In order for a complaint to be considered by FICS, the claim involved must be for an amount under $100,000 (unless the Responsible Entity and you agree otherwise in writing).
If you are investing through an IDPS, then enquiries and complaints should be directed to that IDPS operator, not EQT.