In this case, all loan obligations become the responsibility of the Estate executor¹. A margin loan is a facility whereby money has been borrowed to invest, using shares or managed funds as security. A margin loan charges interest, until the balance is repaid.

If you require information on a specific CommSec margin loan, please provide us with:

• an Executor authority/administrator form per executor, and
• a certified copy² of the Death certificate³, and
• a certified copy² of the Last will and testament (will)⁴.

Please send these details to commsecestatesmanagement@cba.com.au with the relevant account name and number (if known), your contact details and information about your relationship to the deceased. Because margin loans can be complex, the next steps can differ depending on factors like the assets held and borrower type. Once notified, we will advise you of next steps.

We’re here to help

If you have any questions, please contact us on 13 15 19 or +61 2 9115 1417 if calling from outside Australia, 8am to 7pm (Sydney time). Alternatively, you can email commsecestatesmanagement@cba.com.au

For more information on CommSec estate management, please click here.

Important information

1. An Estate executor is the person/s named in a will to take charge of the deceased’s assets and property.
2. A certified document must include the statement “I certify that this is a true copy of the original document” and include the full name, signature, date or certification and qualification/occupation of the certifier.
3. A Death certificate is an official document issued by the Registry of Births, Deaths and Marriages containing the information registered when someone passes away, including the date, place and cause of death.
4. The Last will and testament (will) is a legal document in which a person specifies how they wish their estate to be distributed after their passing.