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BPay EFT or Direct Credit FirstNet Cut off dates

We've summarised some key cut off dates for processing end of financial year transactions to help assist you through this period.

Cut off dates

Contributions, withdrawals and term deposit maturity
Transaction Type
Cut-off time and date
Transaction Type
EFT/BPAY super contribution cut-off
Cut-off time and date
EFT/BPAY super contribution cut-off

24 June 2024 by 3pm (AEST)

Transaction Type
Direct Debit Super Contribution cut off
Cut-off time and date
Direct Debit Super Contribution cut off

28 June 2024 by 3pm (AEST)

Transaction Type
Withdrawals (excluding pension payments)
Cut-off time and date
Withdrawals (excluding pension payments)

28 June 2024 by 3pm (AEST)

Transaction Type
Special conditions period for maturing term deposits
Cut-off time and date
Special conditions period for maturing term deposits

1 to 9 July 2024 

Applications
Transaction Type
Cut-off time and date
Transaction Type
New pension applications (if first payment is prior to 30 June 2024)* accounts must be funded
Cut-off time and date
New pension applications (if first payment is prior to 30 June 2024)* accounts must be funded

11 June 2024

Transaction Type
New applications, including pensions (if first payment is after 30 June 2024)
Cut-off time and date
New applications, including pensions (if first payment is after 30 June 2024)

28 June 2024 by 3pm (AEST)

Pension Transfers
Transaction Type
Cut-off time and date
Transaction Type
Super to pension transfers within FirstChoice (if first payment is prior to 30 June 2024)* accounts must be funded
Cut-off time and date
Super to pension transfers within FirstChoice (if first payment is prior to 30 June 2024)* accounts must be funded

11 June 2024

Transaction Type
Transfer to PRAP pension accounts within FirstChoice (if first payment is prior to 30 June 2024)*
Cut-off time and date
Transfer to PRAP pension accounts within FirstChoice (if first payment is prior to 30 June 2024)*

12 June 2024

Transaction Type
Super to pension transfers within FirstChoice (if first payment is after 30 June 2024)
Cut-off time and date
Super to pension transfers within FirstChoice (if first payment is after 30 June 2024)

28 June 2024 by 3pm (AEST)

Transaction Type
Transfer to PRAP Pension accounts within FirstChoice (if first payment is after 30 June 2024)
Cut-off time and date
Transfer to PRAP Pension accounts within FirstChoice (if first payment is after 30 June 2024)

28 June 2024 by 3pm (AEST)

Transaction Type
1 day transfer to Allocated pension accounts within FirstChoice (pension account setup within FY 2023/24)*
Cut-off time and date
1 day transfer to Allocated pension accounts within FirstChoice (pension account setup within FY 2023/24)*

28 June 2024 by 3pm (AEST)

Transaction Type
1 day transfer to TRIS pension accounts within FirstChoice (pension account setup within FY 2023/24)*
Cut-off time and date
1 day transfer to TRIS pension accounts within FirstChoice (pension account setup within FY 2023/24)*

28 June 2024 by 3pm (AEST)

Cash-Out Recontribution and Pension Refresh
Transaction Type
Cut-off time and date
Transaction Type
Cash-out Recontribution request if there is no further transaction after, i.e. establishment of Pension or Super
Cut-off time and date
Cash-out Recontribution request if there is no further transaction after, i.e. establishment of Pension or Super

27 June by 3pm (AEST)

Transaction Type
Cash-out Recontribution request if there is a further transaction for establishment of Pension or Super before June 30th that DO include an existing Pension account (i.e. Pension or Super is eff 30 June)
Cut-off time and date
Cash-out Recontribution request if there is a further transaction for establishment of Pension or Super before June 30th that DO include an existing Pension account (i.e. Pension or Super is eff 30 June)

25 June by 3pm (AEST) – (this is to account for any existing Internal Pensions accounts that might have an IPP or rebate prior to auto transfer to Pension

Transaction Type
Cash-out Recontribution request if there is a further transaction for establishment of Pension or Super before June 30th DON’T include an existing Pension account (i.e. Pension or Super is eff 30 June)
Cut-off time and date
Cash-out Recontribution request if there is a further transaction for establishment of Pension or Super before June 30th DON’T include an existing Pension account (i.e. Pension or Super is eff 30 June)

26 June by 3pm (AEST)

FirstRate Term Deposits

Special conditions for FirstRate Term Deposits from 1 to 9 July 2024
Due to end of financial year processing, special conditions apply to FirstRate Term Deposits from 1 to 9 July each year.
 

Maturity date
FirstRate Term Deposits that would otherwise mature in this period will mature on the business day following 9 July. Your clients will receive interest up to this date.

 

If your valid transaction is received after 3pm your transaction will be processed the following NSW business day.


*All outstanding requirements must be received before the cut-off date.

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Get in touch with us online or call us

 

Standard Operating Hours

8:30am to 6pm (Sydney time)

 

Holiday Period

CLOSED public holidays (25 to 26 Dec & 1 Jan)

23 Dec 2024 to 3 Jan 2025, 9am to 3pm (Sydney time)

6 to 10 Jan 2025, 8:30am to 5pm (Sydney time)

Contact us    Call 13 13 36

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.

 

Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.