NQ Super & Pension members have two cash accounts opened in the fund.
Cash Management Account.
To facilitate the settlement of ASX trades, members who invest in ASX listed securities will automatically have a Bank of QLD Cash Management Account (‘CMA’) established and linked to their account.
Please note, the CMA is used for the settlement of trades and receipt of dividend and other income received from any ASX listed security. All other transactions will be allocated or deducted from your Cash Account (see section below for details).
To facilitate the payment of fees and insurance premiums, at least 5% or $5,000 (whichever is lowest) of each members NQ Super & Pension account balance must be maintained in the Cash Account, subject to a requirement that a minimum balance of $500 is maintained at all times.