You may decrease your investment in the Fund by making a request to withdraw units. The minimum amount you can withdraw is $20,000, or the balance of your account if it is less than $20,000. If a withdrawal request would result in the value of your remaining investment being less than $20,000, we may treat your request as being for the whole amount of your investment in the Fund. We will contact you first in such situations. We reserve the right to vary the minimum withdrawal amount or minimum account balance at our absolute discretion.
We may also compulsorily withdraw your investment if any of the following circumstances occur:
- Where we suspect the law prohibits you from being an investor in the Fund;
- If you become a non-resident of Australia for tax purposes;
- As otherwise permitted by the Fund’s constitution;
- If the investor has breached its obligations to Fundhost; or
- To satisfy any amount due to us by you or that we owe someone else relating to you (for example to the tax office).
Withdrawal requests can be submitted online via Automic’s investor portal at https://portal.automic.com.au/investor/home.
Alternatively, you may complete a paper withdrawal form here. If using a paper form, please email the completed and signed form to thirdlink@automic.com.au or post it to Automic at the address provided on the form.
All withdrawal requests must be validly signed and include the Fund name, your investor account ID, the amount to be withdrawn (or number of units), bank account details for payment of the withdrawal proceeds, and a daytime contact phone number.
Withdrawal requests must be received by 3.00pm AEST on a day that is at least 10 business days before the end of a month to be processed using the unit price calculated at the end of that month. Requests received after this time will be processed using the unit price calculated at the end of the following month.
There may be circumstances where your ability to withdraw from the Fund is restricted and you may be required to wait a period of time before your investment can be redeemed. This may occur, for example, where it is not reasonably practicable to dispose of Fund assets to determine a unit price or where the Fund becomes illiquid.
Please contact Automic on 1300 288 664 or thirdlink@automic.com.au, or Third Link on 02 8002 1125 or enquiries@thirdlink.com.au, should you require further information.