RE Fahy Pty Ltd trading as The Right Note (established 1995), are currently offering full storage and insurance facilities to clients, for your numismatic investment portfolio.
For clients that currently have stock on consignment to The Right Note (TRN), in addition to those that have their portfolios placed in less than secure safety, TRN now offer our full security and insurance service.
TRN Security Service is within the largest bankers & security vault, in the CBD of Sydney NSW. Australia.
Your storage and insurance is underwritten by Lloyds of London, being kept in secure surroundings.
For those clients, who may have the portfolio through your own SMSF, it is your legal obligation to maintain your purchase, off site from the point of purchase, your portfolio can be asset producing, not income producing.
TRN list the requirements of the superannuation industry (supervision) amendment regulations 2011 (No 2).
Self-managed super funds.
“Collectable and personal-use accounts are things like artworks, jewellery together with numismatic items including, banknotes, coins, stamps, etc.”
Therefore these numismatic/collectables cannot be.
- leased to another party.
- used by another party.
- Stored or displayed in a private residence.
- IN ADDITION YOUR INVESTMENT MUST COMPLY WITH ALL OTHER INVESTMENT REGULATION, INCLUDING THE SOLE PURPOSE TEST.
- The decision on where the items are stored must be documented (for example) in the minutes of a meeting of the trustees) and the written record kept for no less than 10 years.
- The item must be insured in the fund’s name within seven days of the fund acquiring the numismatic item.
- If the item is transferred to a related party, this must be at market price, as determined by a qualified numismatic valuer, in this instance RE Fahy Pty Ltd trading as The Right Note.
Your storage/insurance policy will cover coins, banknotes, gold, silver, precious metals, precious stones, stamps and any other property of intrinsic value. Our service includes this storage and insurance, in the case of consignment stock, the sale and distribution of your portfolio.
Charges: The Right Note offer these services, at an annual rate of $395.00. Payable in advance.
You will be issued with a storage/ insurance certificate number for the time in our care, this cover is up to $300.000.00. Amounts above this, will be quoted on application, now is the time to assess your own security arrangement for your rare numismatic investment portfolio, if lacking, please contact us.
Whether a SMSF, or a privately owned portfolio, consider the value of your portfolio, in the event of theft, loss, or damage of any kind, your home insurance will not cover you, to the amount TRN offer to clients.
As Australia’s first national security and insurance service dealing in numismatics with 20 years’ experience both nationally, and internationally, this is a new service we proudly offer to all clients.
Please contact TRN for further particulars, for our existing and new clients we offer our bank details below.
On acceptance of payment, please quote by email your name; we will assign to you a personalised code number for future reference as listed on your storage/insurance certificate.
NAME: THE RIGHT NOTE.
BSB: 082 294.
ACCOUNT: 67756 9071.
For I/D purposes please list your Surname or SMSF Name with Payment.
SHIPPING OF GOODS, FOR SECURITY STORAGE:
On payment for your secure storage, and issuing by RE Fahy Pty Ltd trading as The Right Note of your individual insurance certificate number, by email, we ask you to send us details of your items being sent to email@example.com
SEND BY REGISTERED MAIL:
MARKED “PERSON TO PERSON”,
SEND US THE REGISTERED LETTER NUMBER FOR SECURITY.
Richard E. Fahy. The Right Note.
PO Box 425. Freshwater. New South Wales Australia. 2096.
IN TRANSIT: Insurance is the client’s responsibility up to and including delivery confirmation by The Right Note.