Note:
Please note that BGL does not provide accounting or taxation advice. The following article is designed per ATO Ruling to act as a guide for Simple Fund/Invest 360 users. It is not intended to be accounting or tax advice and should not be taken as a strict guideline. Other more suitable methods may be used instead of these steps.
ATO Ruling: CR 2023/58
Overview:
Following the successful proposal to move to a Vanguard Personal Investor Account, Vanguard exchanged investors’ units in the Retail Funds for units of equivalent dollar value in the corresponding wholesale fund on 7-8 October 2023.
The following retail funds are included in the proposal.
Please visit Vanguard’s website for more information about the Retail proposal.
Instructions:
Please ensure you have the Transaction Summary from the Vanguard Transition Statement file, as this is required to identify the number of units and market value of the wholesale fund.
Example:
BGL SMSF held 1000.00 units of VAN0017AU - Vanguard High Yield Australian Shares Fund (Retail Fund) as of 02/10/2023.
As part of the exchange, the fund received 1085.37 units of VAN0104AU - Vanguard Australian Shares High Yield Fund (Wholesale Fund)
Step 1
| From the Main Toolbar, go to Investments. |
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| Select Corporate actions from the list. |
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Locate the Vanguard takeover / merger corporate action from the list and click Process
Step 2
In Step 2 of the Corporate Actions screen, select the investment account for the VAN0104AU - Vanguard Australian Shares High Yield Fund (Wholesale Fund).
If the investment account has not yet been created, click on New Investment Account to create a new VAN0104AU account.
Step 3
Refer to the Transaction Summary from Vanguard to obtain and enter the following information:
- Units for New Investment - Enter the new units received for the Wholesale Fund
- Total Market Value for New Investment - Enter the value of the Wholesale Fund
Step 4
Switch the toggle on if you are eligible for a Scrip-for Scrip Rollover.
Important: Please ensure you consult with your accountant or advisor to determine if you are eligible for a Scrip-for-Scrip Rollover.
Step 5
Click Process Corporate Action to complete the process.