Your residency status affects your withholding tax. If you were listed as a non-resident for tax purposes at any time during FY24/25, we need you to review by Tuesday 1 July 2025 that your tax residency as of 30 June is showing correctly in your online account to ensure it’s correct for your 2025 tax report.

What you need to do if your residency as of Monday 30 June 2025 is reported incorrectly

Please complete the Change of Residency form (Wrap accounts only).

You’ll need to include all residency changes throughout the FY24/25 as well as your country of residence as of Monday 30 June 2025.

You can send the completed form to fsgmaspfstax@macquarie.com.

The details we have on file as of 30 June 2025 will be used in your 2025 Tax Report.

How will we determine residency for future financial years

From 1 July 2025, we’ll be determining your residency status for withholding tax purposes based on the address we have on file. This will mean:

  • You'll no longer be able to make an election regarding your tax treatment.

  • Where you have a residential or postal address that is not in Australia, you’ll be considered a non-resident for tax purposes.

Please ensure your address is up to date.  

You can find more information in Help Centre under Viewing, managing or updating your details

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Additional information

This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. Before making any financial investment decision to acquire or continue to hold a product mentioned on this page, consider the Product Disclosure Statement or relevant offer document and terms and conditions relating to that product and seek independent financial, legal and taxation advice to decide if our products are right for you.

The Macquarie Wrap, Macquarie Vision and Premium Portfolio Service products referred to on this page are issued by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML) and Macquarie Wrap Cash Management Accounts are issued by MBL. The applicable offer documents are available on our product information page. Target Market Determinations for Macquarie issued products are available at macquarie.com.au/TMD under ‘Wealth products’. 

Funds invested on your behalf by MIML are not deposits with or other liabilities of MBL or any other entity of the Macquarie Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. None of MBL, MIML, or any other member of the Macquarie Group guarantees any particular rate of return or the performance of the investments, nor do they guarantee the repayment of capital.