Access Code is a unique code allocated to you which identifies you and when used in conjunction with a Passcode provides access to login to Adviser Online and Electronic Banking.
Access Method means a method authorised by us for you to access or transact on an Account – this includes any one or more of a login (Access Code), Passcode and any other code that we provide to you and any Representatives, or permit to be set up, from time to time. Where the technology is available and you have enabled it, this may also include Biometric Data stored on your Device, which is used to login to Electronic Banking.
Account means any Wrap Product and/or Cash Account accessed through Adviser Online.
Account Terms and Conditions means the terms and conditions that apply to you and your Client for the Account they hold and you access through Adviser Online.
ADI means any bank, building society, credit union or other authorised deposit-taking institution within the meaning of the Banking Act 1959 (Cth).
Adviser Online means the secure web-based platform permitting access to Accounts and Client data, and facilitating online reporting, monitoring and Client transactions through it, including via Electronic Banking. Macquarie owns and operates the Adviser Online platform for the Operator/Trustee’s Wrap Products.
Authorised User means a person authorised by an Account holder to access and/or transact on an Account(s) (where the Account Terms and Conditions so allow).
AFSL means an Australian Financial Services Licence.
Applicable Laws means the laws which apply to the issue, distribution, and operation of the Accounts and Adviser Online and Electronic Banking including relevant ASIC policy and laws relating to privacy, sanctions, anti-bribery and corruption laws and anti-money laundering and counter-terrorism financing laws.
Biller means an organisation which tells you that you can make payments to them through the BPAY Scheme.
Biometric Data means fingerprint, facial recognition or other biometric information which is used as an authentication method to access a Device, Adviser Online or to authenticate transactions.
BPAY means a payment which you have instructed us to make, through Electronic Banking, to a Biller through the BPAY Scheme. BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
BPAY Scheme means the scheme operated by BPAY, which is a service which allows payments to be made electronically to Billers. This includes rules and operating procedures which govern MBL’s participation in the BPAY Scheme.
Business Day means any weekday except for Australian national public holidays.
Cash Account means the cash management account issued by MBL for the relevant Wrap Product.
Client means a person who holds or is likely to hold an Account and is or will be recorded as a Client of the Company as a result of the application or a subsequent instruction to that effect by the Client. The Client is also referred to as the ‘Account holder’ in these Terms and Conditions.
Code or ePayments Code is an industry code administered by ASIC which regulates electronic payments, including ATM, EFTPOS and credit card transactions, online payments, internet and mobile banking, telephone banking, direct debits and BPAY.
Company means a company, association, sole trader or partnership that acts on a Client’s behalf in respect of their Account(s).
Device refers to any computer, mobile phone, tablet or other electronic device with an internet connection through which you can access Adviser Online.
Electronic Banking means MBL’s online banking platform accessible within Adviser Online which enables you to access and/or transact on your Clients’ Cash Accounts over the internet in accordance with these Terms and Conditions.
IDPS means an investor directed portfolio service, as defined in ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669, as amended or replaced from time to time.
Macquarie or MBL means Macquarie Bank Limited ABN 46 008 583 542 (Australian Financial Services Licence and Australian Credit Licence 237502)
Materials means any proprietary and confidential information including messages, files, data, software, images, photographs, illustrations and text contained on Adviser Online.
Mistaken Internet Payment or MIP means a Pay Anyone Payment where the funds are paid into the account of an unintended recipient because a BSB or account number that does not belong to the intended recipient was entered as a result of:
- you or an Authorised User’s error; or
- you or an Authorised User being advised of the wrong BSB or account number.
Office Holder means the natural person(s) who hold the office of ‘director’ and/or ‘secretary’ of a company (or the equivalent for an association), who may operate an Account on behalf of a company or association.
Operator means the operator of the IDPS Wrap Product that your Client holds that you can access via Adviser Online.
’Passcode means any passcode or code that we require you or an Authorised User to keep secret that may be required to authenticate you or a transaction, including in relation to any Access Method. This includes any usernames, login credentials, Passwords, and SMS Codes.
Password means a security password which is issued by us, or selected by you as an Authorised User, which enables access to Adviser Online and/or Electronic Banking.
Pay Anyone Payment means a payment that can be made through Electronic Banking which is processed by direct entry involving the transfer of funds from an Account to another account held with us or to an account held with another financial institution in Australia.
Representative means an adviser, accountant, administrator, stockbroker, risk specialist, mortgage broker, intermediary, authorised representative or corporate authorised representative or any person that acts on behalf of a Company, including any nominated support staff that have their own individual Access Code.
SMS Code means a code we send by short messaging service (SMS) to your or the Account holder’s mobile phone.
Trustee means the trustee of the superannuation Wrap Product that you have registered with.
We, us or our means, as the context requires, the Trustee, Operator, and/or Macquarie and each of their successors and assigns. In terms governing access to and transacting using Cash Accounts via Electronic Banking, including sections 2 to 11, ‘we’, ‘us’ or ‘our’ includes MBL.
Wrap Product means the IDPS and/or superannuation and pension wrap product that the Operator and/or the Trustee (as applicable) as the issuer of the relevant wrap product has authorised you to access via Adviser Online from time to time.
You means the Company or Representative registered for access to Adviser Online, as applicable and as the context requires. “You” also includes Office Holders (jointly and severally) of a Company where the context requires. Any other grammatical form of "you" (including lowercase or possessive use) has a corresponding meaning.