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FirstChoice EOFY processing cut-off dates 

06 May 2024

2 min

With the end of the financial year approaching, here are the administration processing cut-off dates you need to be aware of.  

Transaction type
Cut-off time and date (Sydney time)
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 (Sydney time)
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 TRIS pension accounts within FirstChoice (if first payment is prior to 30 June 2024)*
Cut-off time and date (Sydney time)
Transfer to TRIS 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 (Sydney time)
Super to pension transfers within FirstChoice (if first payment is after 30 June 2024)

28 June 2024 by 3pm

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

28 June 2024

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

28 June 2024 by 3pm

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

28 June 2024 by 3pm

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 (Sydney time)
Cash-out Recontribution request if there is no further transaction after, i.e. establishment of Pension or Super

27 June by 3pm

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

25 June by 3pm – (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 30 June that  DOESN’T include an existing Pension account (i.e. Pension or Super is effective 30 June)
Cut-off time and date (Sydney time)
Cash-out Recontribution request if there is a further transaction for establishment of Pension or Super before 30 June that  DOESN’T include an existing Pension account (i.e. Pension or Super is effective 30 June)

26 June by 3pm  

Transaction type
Applications
Cut-off time and date (Sydney time)
Applications
Transaction type
New pension applications (if first payment is prior to 30 June 2024)* accounts must be funded
Cut-off time and date (Sydney time)
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 (Sydney time)
New applications, including pensions (if first payment is after 30 June 2024)

28 June 2024 by 3pm

Transaction type
Contributions, withdrawals and term deposit maturity
Cut-off time and date (Sydney time)
Contributions, withdrawals and term deposit maturity
Transaction type
Employer super guarantee contribution cut-off * normal SG quarterly dates still apply
Cut-off time and date (Sydney time)
Employer super guarantee contribution cut-off * normal SG quarterly dates still apply

28 June 2024 by 3pm

Transaction type
EFT/BPAY super contribution cut-off
Cut-off time and date (Sydney time)
EFT/BPAY super contribution cut-off

27 June 2024 by 3pm

Transaction type
Super contribution cut-off
Cut-off time and date (Sydney time)
Super contribution cut-off

27 June 2024 by 3pm

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

28 June 2024 by 3pm 

Transaction type
Special conditions period for maturing term deposits
Cut-off time and date (Sydney time)
Special conditions period for maturing term deposits

1 to 9 July 2024

The above cut-off dates are based on the assumption that all information received by the cut-off dates is complete and accurate.

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 and issuer of CFS Edge Super and Pension. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the Investor Directed Portfolio Service (IDPS) operator and custodian of Avanteos Wrap Account Service and issuer of CFS Edge Investments.  

 

This webpage is based on current requirements and laws as at 22 September 2023. While all care has been taken in preparing the information contained in this webpage (using reliable and accurate sources), to the extent permitted by law, no one including AIL and CFSIL, nor any related parties, their employees or directors, accept responsibility for loss suffered by anyone from reliance on this information. This webpage provides general information for the adviser only and is not to be handed to any investor. It does not consider anyone’s individual objectives, financial situation, needs or tax circumstances. You should read the relevant Product Disclosure Statement (PDS), Investor Directed Portfolio Service Guide (IDPS Guide) and Financial Services Guide (FSG) before making any recommendations to a client. The PDS, IDPS Guide and FSGs can be obtained from www.cfs.com.au/cfsedge or by calling us on 1300 769 619.