How are withholding tax and cross-boarder interest issues handled?

Underlying bank accounts may generate interest or yield in various jurisdictions (e.g., U.S. dollar balances). FinClear retains that income and manages any non‑resident withholding (e.g., U.S. Chapter 3 / FATCA) at the upstream level; clients do not receive a direct allocation of that income, so they typically do not accumulate foreign tax credits tied to underlying bank interest. Instead, clients are paid the CRP program return from FinClear (generally Australian‑sourced). Specific tax statements and ATO income characterisation guidance will be provided annually; advisers should confirm with their tax advisers for client situations.