What is a Third Party Authority and why is it important?

When you open an account with Six Park, you will be agreeing to a “Third Party Authority” on your cash management account (CMA). This means that you authorise Six Park and our brokerage partner, Openmarkets, to debit your Cash Management Account ONLY for the purpose of delivering the agreed service (i.e. Six Park to debit fees and Openmarkets to use the CMA funds to invest according to your strategy), ultimately saving you time and effort. 

Please note, unticking or changing the third party authority boxes in the Macquarie application can cause material delays in investing your funds.

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