Dividends and Income. 16.1. The Custodian will collect income (including dividends and distributions of any kind) and principal (including the proceeds of any disposal) in respect of any Investments, and unless instructed otherwise, will hold your funds in trust for your benefit in the name of FNZ Custodians Limited, a sub- custodian appointed by the Custodian. 16.2. Unless otherwise agreed, all dividends and interest received in a foreign currency will be converted into New Zealand dollars at the time of receipt by the Custodian. 16.3. The Custodian may deduct taxation from any payment of income if it is obliged to do so under New Zealand law. You are solely responsible for all taxes or similar liabilities levied on or arising out of any Investments and any payment due to you. Neither we nor the Custodian shall have any responsibility or liability with regard to your tax status or position in any jurisdiction. 16.4. You shall provide us with such information regarding your tax status as we reasonably request from time to time. 16.5. We are required to obtain certain information from you in your Application to establish how the New Zealand withholding tax rules apply to dividends and interest that you receive. We may also make this information available to issuers of your Investments. 16.6. We are required to obtain tax and tax residency information from you in your Application to establish whether you are subject to the Common Reporting Standard or the US Foreign Account Tax Compliance Act. We may also make this information available to New Zealand Inland Revenue. 16.7. You undertake to notify us immediately in writing should any of the taxation information specified by you in your Application change.
Appears in 2 contracts
Samples: Individually Managed Account Service Client Servicing and Monitoring Agreement, Individually Managed Account Service Client Servicing and Monitoring Agreement
Dividends and Income. 16.1. 16.1 The Custodian will collect income (including dividends and distributions of any kind) and principal (including the proceeds of any disposal) in respect of any Investments, and unless instructed otherwise, will hold your funds in trust for your benefit in the name of FNZ Custodians Limited, a sub- sub-custodian appointed by the Custodian.
16.2. 16.2 Unless otherwise agreed, all dividends and interest received in a foreign currency will be converted into New Zealand dollars at the time of receipt by the Custodian.
16.3. 16.3 The Custodian may deduct taxation from any payment of income if it is obliged to do so under New Zealand law. You are solely responsible for all taxes or similar liabilities levied on or arising out of any Investments and any payment due to you. Neither we nor the Custodian shall have any responsibility or liability with regard to your tax status or position in any jurisdiction.
16.4. 16.4 You shall provide us with such information regarding your tax status as we reasonably request from time to time.
16.5. 16.5 We are required to obtain certain information from you in your Application to establish how the New Zealand withholding tax rules apply to dividends and interest that you receive. We may also make this information available to issuers of your Investments.
16.6. 16.6 We are required to obtain tax and tax residency information from you in your Application to establish whether you are subject to the Common Reporting Standard or the US Foreign Account Tax Compliance Act. We may also make this information available to New Zealand Inland Revenue.
16.7. 16.7 You undertake to notify us immediately in writing should any of the taxation information specified by you in your Application change.
Appears in 2 contracts
Samples: Individually Managed Account Service Client Servicing and Monitoring Agreement, Individually Managed Account Service Client Servicing and Monitoring Agreement
Dividends and Income. 16.1. 16.1 The Custodian will collect income (including dividends and distributions of any kind) and principal (including the proceeds of any disposal) in respect of any Investments, and unless instructed otherwise, will hold your funds in trust for your benefit in the name of FNZ Custodians Limited, a sub- custodian appointed by the Custodian.
16.2. 16.2 Unless otherwise agreed, all dividends and interest received in a foreign currency will be converted into New Zealand dollars at the time of receipt by the Custodian.
16.3. 16.3 The Custodian may deduct taxation from any payment of income if it is obliged to do so under New Zealand law. You are solely responsible for all taxes or similar liabilities levied on or arising out of any Investments and any payment due to you. Neither we nor the Custodian shall have any responsibility or liability with regard to your tax status or position in any jurisdiction.
16.4. 16.4 You shall provide us with such information regarding your tax status as we reasonably request from time to time.
16.5. 16.5 We are required to obtain certain information from you in your Application to establish how the New Zealand withholding tax rules apply to dividends and interest that you receive. We may also make this information available to issuers of your Investments.
16.6. 16.6 We are required to obtain tax and tax residency certain information from you in your Application to establish whether you are subject to the Common Reporting Standard or the US Foreign Account Tax Compliance Act. We may also make this information available to New Zealand Inland Revenue.
16.7. 16.7 You undertake to notify us immediately in writing should any of the taxation information specified by you in your Application change.
Appears in 1 contract
Samples: Individually Managed Account Service Client Servicing and Monitoring Agreement
