How do I open an SMSF Trading Account and Cash Account with CommSec?

To open an account for a Self-Managed Super Fund (SMSF):

  • Navigate to Join now > Share Trading > Get Started
  • Select whether you would like to apply using our Cash Account (Commonwealth Direct Investment Account) or an existing cash account for settlement purposes by clicking the appropriate 'Join Now' button
  • Select 'SMSF' for ‘Which account you would like to apply for'
  • Submit your application and provide any required information to us

Please note:

  • You will be asked to open an account as an Individual Trustee or Company Trustee. Please ensure you choose the trustee type that is consistent with your most recent SMSF Trust Deed.
  • The ABN for your SMSF is mandatory for all SMSF applications.

Further instructions will be sent to you and other applicants to finalise the application. Once finalised, we will endeavour to establish your account within 2 to 5 business days. You will be notified by email of your Client ID to access your new account.

If you need help completing the application, please call CommSec on 13 15 19 (Monday to Friday, 8am to 7pm, Sydney time).

For more information regarding SMSF solutions, click here or call our SMSF specialist team on 1800 138 363 (Monday to Friday, 8.30am to 5.30pm, Sydney Time).

 

You may like to refer to your trust deed or the person whom helped you draw up your deed to determine what to insert under 'Beneficiary of the Trust'. Please talk to your advisor in regard to which TFN you need to apply. You only need to provide your Tax File Number (TFN), TFN exemption code when applying for a Commonwealth Direct Investment Account (CDIA). It is not mandatory however if you do not provide us with one of these, we are required by law to withhold tax from any interest paid on your CDIA at the highest marginal tax rate plus the Medicare Levy.

Please consider the product disclosure statement and terms and conditions document, available from www.commsec.com.au, before making any decisions about the products and services offered by CommSec.

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