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Key Documents


AFSL means Australian Financial Services Licence.

AML refers to the mandatory checks financial institutions are required to undertake according to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules.

ARSN means Australian Registered Scheme Number.

App means the OpenInvest mobile application (available via Google Play and iTunes).

Business Day means an ASX trading day.

Cash Account means an account that forms part of your Investment Account in the Service. It is used to settle your investments and withdrawals from the Service.

Constitution means the constitution for the Service.

ETF means Exchange Traded Fund.

HIN is a unique number that is issued to you by the ASX that identifies you as a holder of shares on a CHESS register.

IDPS means investor directed portfolio service.

Investment Account means the account representing your interest in the Service that is issued under this PDS.

Investment Manager(s) means the company(s) responsible for providing and managing the relevant Model Portfolio(s) for your Investment Account as disclosed in the Investment Menu.

Investment Menu means the list of Investment Managers and Model Portfolios that are available for investment.

Investor Portal means the online portal provided by the Service which is accessible to you upon opening your Investment Account and which enables you to view the securities in your Investment Account and its valuation, as well as regular updates from your chosen Investment Manager.

Managed funds means listed and unlisted managed investment schemes. 

Minimum Cash Balance means the cash held in your Cash Account in addition to any cash held in the Model Portfolio(s) which may be used to maintain your Investment Account.

Model Portfolio or Model means the Model Portfolio offered under the Service that is applied to your Investment Account.

Nominated Bank Account means your external bank account that is linked to your Investment Account. All money withdrawn from your Investment Account will be paid into this bank account as nominated by you during the Online Application process.

Online Application means the application process to become an Investor of the Service.

PDS means Product Disclosure Statement.

Privacy Policy means the policy that covers how OpenInvest collects, uses, and protects your personal information.

OpenInvest, us, we or our means collectively OpenInvest Limited ACN 614 587 183, AFSL 504 155, OpenInvest Holdings Pty Ltd ACN 618 128 859 and their related entities.

OpenInvest Marketplace or Marketplace means www.OpenInvest.com.au and all associated pages, portals, mobile applications and interactive tools owned and operated by OpenInvest.

Rebalancing Date is generally each Business Day. Dependent on transaction volumes, OpenInvest may decide, from time to time, not to trade each Business Day.

Registered User means a person who registers to access and use the OpenInvest Marketplace.

Responsible Entity means OpenInvest Limited ACN 614 587 183 in its capacity as the responsible entity of the Service.

Securities means any ASX listed CHESS sponsored security and any unlisted investment as listed in the Investment Menu, or other investment given prior approval by OpenInvest.

Service means the registered IDPS-Like managed investment scheme which is known as the OpenInvest Portfolio Service ARSN 628 156 052.

Terms of Use means the terms and conditions for the OpenInvest Marketplace as may be amended from time to time.