Who can place a One-Off Sale?
This service is suitable for customers who:
- Do not have an existing share trading account; and
- Have issuer sponsored shares with a Shareholder Registration Number (SRN)
How does it work?
- For a One-off sale, you only need to complete sections A, B and D of the application form
- Photocopy your identification and have it certified (see below for ID certification requirements)
- Provide a copy of your holding statement, which details your SRN and the code and amount of the shares you hold. Your details will need to be entered exactly as they appear on your holding statement. If they have changed, you will need to contact the appropriate share registry (as shown on your holding statement) and update your details.
- Mail the one-off sale form, together with a copy of your holding statement and certified copy of your identification to:
InvestSMART Financial Services
Level 2, 1 Darling Island Rd
Pyrmont NSW 2009
How much does it cost?
Brokerage for this service is $55.00 up to $30,000 in value, or 0.22% for orders above $30,000, per stock. All fees and charges are inclusive of GST.
| up to $30,000 |
$55.00 |
| $30,000 and above |
0.22% |
What happens next?
A cheque will be posted made payable only to the registered holder of the securities to the registered address as shown on your holding statement. Please note: it is essential to ensure that the details which the registry holds for you are current.
Cheques will be posted after the trade has settled, which is generally 3 days after the actual sale of the shares.
Identification Requirements
We require a certified copy of ID taken from the following categories. You can supply 1 item from Category A, or 1 from Category B AND 1 from Category C.
One of the following:
Category A:
- Driver's licence
- Passport
- Proof of age card
OR two documents, one from each of the following lists:
Category B:
- Birth Certificate (Australian)
- Citizenship Certificate (Australian)
- Pension Card (Both sides of card required)
- Senior's Card (Both sides of card required)
Category C:
- A notice issued by the Commonwealth or State Governments, displaying name and address of applicant (e.g. a Centrelink notice)
- A notice issued by the Australian Tax Office within the last 12 months, displaying name and address of applicant
- A notice issued by a local government body or utilities provider displaying name and address of applicant (e.g. a council rates notice or electricity bill)
Certification of Identification
Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, we need a copy of your identification that has been certified as a true copy. Usually the certifier will view your ID and write words to the effect that they seen the original ID. In addition they need to state their capacity to sign (e.g. Police Officer, Justice of the Peace) and that the copy is a true and accurate copy of that ID. They will then sign, date and place their contact details on the copy. You then need to send us that copy via post (not fax or email).
Certification can be completed by a range of people:
- Justices of the Peace
- Australia Post employees
- Police Officers
- Judges and some court officials
- Some bank employees
- If you will have trouble meeting the identification requirements, please call us on 1300 880 160.
Please follow the instructions above carefully before posting any information in order to ensure the smooth processing of your request. Missing or incorrect information may result in a delay in the sale of your shares.
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