When you apply for a trading account with Selfwealth, we attempt to verify your identity electronically based on the information you provide. In most cases this is successful. If we're unable to verify your identity electronically, we'll ask you to supply supporting documentation to comply with our obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
Supporting documentation must meet one of the following combinations:
- Two Category A documents, or
- One Category A document and one Category B document, or
- One Category A document and one Category C document
All documents must be certified, and at least one must display your name and current residential address matching those provided on your application. For information on how to get documents certified, see our
certification guide.
Note: for trust, company, and SMSF accounts, additional documentation may be required. You will be advised of this upon completion of your application.
Category A documents
We accept a certified copy of any of the following:
- A current driver's licence or government-issued permit containing your photo and date of birth. Your copy
must show both the front and back. - A passport issued by a government containing a photograph and date of birth. Australian passports may have expired within the last two years but must not have been cancelled. All other passports must be current.
- A national identity card issued by a foreign government for the purpose of identification, containing a photograph and the signature of the person named on the document.
Category B documents
We accept a certified copy of one of the following documents containing your name and current residential
address:
- A document issued by the Commonwealth, State or Territory within the preceding 12 months that records the provision of financial benefits to the individual
- A document issued by the ATO within the preceding 12 months that records a debt payable to or by the
individual under taxation law - A document issued by a local government body or utilities provider within the preceding three months that records the provision of services to that address or person
- A tax assessment notice issued by the ATO within the preceding 12 months
- A government benefits notice within the preceding 12 months
- A utility bill within the preceding three months
- A home and/or contents insurance policy statement
- A local government rates notice within the preceding three months
- A bank statement within the preceding three months
- A credit card statement within the preceding three months
Category C documents
We accept a certified copy of either of the following:
- A card issued under the law of a State or Territory for the purpose of proving age, containing a photograph and date of birth of the person named on the document
- A Medicare card