Frequently Asked Questions | Trilogy Funds Australia

Frequently asked questions

Below you can find a list of our frequently asked questions for investors. Can’t find the answer you’re looking for? Get in touch with our Investor Relations team, who will be able to point you in the right direction.

What is the correct way to record my name on the application form?

The correct way to record your name on the application form is shown below:

Individuals – Use given name(s), not initialsJohn Alfred Smith, not J A Smith
Companies – Use company name, not abbreviationsABC Pty Ltd, not ABC P/L or ABC Co
Trusts – Use trustee(s) personal name(s), not the name of the trustSue Smith (Sue Smith Family A/c), not Sue Smith Family Trust
Deceased estates – Use executor(s) personal name(s), not the name of the deceasedJohn Smith (Estate Jane Smith A/c), not Estate of the Late Jane Smith
Clubs/unincorporated bodies/business names – Use office bearer(s) name(s), not the name of the clubMichael Smith (ABC Tennis Association or, if a business name, Michael Smith (T/A ABC Tennis), not ABC Tennis Association or ABC Tennis.
Superannuation funds – Use the name of the trustee of the fund, not the name of the fundJane Smith Pty Ltd (Jane Smith Super Fund A/c), not Jane Smith Pty Ltd Superannuation Fund

What is a politically exposed person (PEP)?

To comply with AML/CTF Law, we require you to disclose whether you are or have an association with a politically exposed person (PEP). A PEP is an individual who holds a prominent public position or function in a Government body or an international organisation in Australia or overseas, such as a Head of State, or Head of a Country or Government, or a Government Minister, or equivalent senior politician. A PEP can also be an immediate family member of a person referred to above, including spouse, de facto partner, child and a child’s spouse or a parent. A close associate of a PEP, i.e. any individual who is known to have joint beneficial ownership of a legal arrangement or entity is also considered to be a PEP. Where you identify as or have an association with a PEP, we may request additional information from you.

What is a beneficial owner?

To comply with AML/CTF Law we require you to disclose beneficial owners. ‘Beneficial owner’ means an individual who ultimately owns or controls, directly or indirectly, the Investor. ‘Control’ includes control as a result of, or by means of, a trust, agreements, arrangements, understandings and practices, whether or not having legal or equitable force and whether or not based on legal or equitable rights, and includes exercising and control through the capacity to determine decisions about financial and operating policies. ‘Owns’ means ownership, either directly or indirectly, of 25% or more of the Investor.

Why do you need to know my source of funds?

As part of our obligations to ‘know our customer’ and to assess money laundering and terrorism financing risk under our AML/CTF program, the AML/CTF Law now requires us to ask about the Investor’s (and of their beneficial owners’) income and assets available for investment and the sources of funds, including their origin.

How can I pay my application monies?

You may elect to pay your application monies by cheque, direct deposit or BPAY. You must select ONE option by printing an X in the appropriate box.

What is an operating authority?

An operating authority is a directive on how you wish your account do be operated. In the case of joint accounts, you may request joint signatures or allow either signatory to sign. Please select your operating instructions by printing an X in the appropriate box.

What identification does Trilogy Funds require?


Under Australian AML/CTF legislation, certain due diligence must be conducted on any prospective Investor before units in the Trust may be issued to that Investor. The due diligence includes obtaining and verifying a prospective Investor’s identity and that of any beneficial owner. Applications made without providing this information cannot be processed until all the necessary information has been provided. The AML/ CTF program adopted by Trilogy Funds also includes ongoing customer due diligence which may require the Responsible Entity to collect further information.

For electronic verification for identification purposes, provide your driver’s licence number along with its expiry date and card number for NSW only or Australian passport number along with the expiry date, family name at birth, place of birth and country of birth on the Application Form under Part 9. By providing these numbers and other details, Trilogy Funds or a service provider engaged by Trilogy Funds, will search government or non-government sources to verify your name and residential address or date of birth. These sources may include but are not limited to:

    • State and Territory Departments that regulate driver’s licences;
    • Australian Electoral Rolls;
    • Sensis White Pages;
    • ASIC Personal Name Database;

What is a politically exposed person (PEP)?

To comply with AML/CTF Law we require you to disclose whether you are or have an association with a politically exposed person (PEP). A PEP is an individual who holds a prominent public position or function in a Government body or an international organisation in Australia or overseas, such as a Head of State, or Head of a Country or Government, or a Government Minister, or equivalent senior politician. A PEP can also be an immediate family member of a person referred to above, including spouse, de facto partner, child and a child’s spouse or a parent. A close associate of a PEP, i.e. any individual who is known to have joint beneficial ownership of a legal arrangement or entity is also considered to be a PEP. Where you identify as, or have an association with a PEP, we may request additional information from you.