As you are an Upstreet member and holder of units in our unit trust, you have a number of tax obligations associated with your investment. In order to take care of these tax obligations for you, we are required to collect the foreign tax residence number for any foreign individuals who use our platform.
No, but customers can link their underlying bank and card details.
A foreign tax resident identification number is a unique identifier used by the Australian government to distinguish any individuals who are a foreign resident for tax purposes. Using this number the Australian tax office will be able to identify any tax obligations you have under Australian law. This only applies to people living in Australia who are foreign tax residents.
We will pass your foreign tax residence information onto the Australian Taxation Office. They will be able to confirm the tax obligations associated with your Upstreet investments. At the end of the financial year we can pre-populate your gains and losses with the ATO.
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This website is operated by ESC Operations Pty Ltd (ACN 635 424 538, AR 1283 677) (Upstreet), who is an authorised representative of Cache Investment Management Pty Ltd (ACN 624 306 430 AFSL 514 360) (Cache). The financial products described on this website will be issued by third parties, as disclosed in the relevant PDS. All information is general information only and does not take into account your personal circumstances, financial situation or needs. Before making a financial decision, you should read the relevant product disclosure statement and consider whether the product is right for you and whether you should obtain advice from a professional financial adviser.