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
The application must be accompanied by a certified (true) copy of EITHER one document from Section A OR one document from Section B, AND one document from Section C, for EACH applicant.
Provide ONE of the following:
Section A:
- Driver's licence (front and back) - MUST be current
- Proof of age card issued by the RTA - MUST be current
OR
Section B:
- Passport - current or expired within the last TWO years
- Birth Certificate or Birth Extract issued by a State or Territory
- Citizenship Certificate issued by the Commonwealth
- Pension Card issued by Centrelink(front and back)
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AND
Provide ONE of the following:
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Section C:
A recent utility bill, financial statement or council rate notice - issued within the last SIX months - showing your name and residential address. This can include any of the following:
- A financial statement (savings, credit, mortgage) issued by an Approved Debt-taking Institution (ADI) in Australia*
- A gas, electricity, water, home phone, internet (dial up, broadband), mobile phone, Foxtel bill
- A council rates notice
- A notice or assessment issued by the RTA or a government body
- A lease agreement, contract for sale of a property or rental bond lodgement document
- Home and/or contents insurance policy statement
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* To obtain a full list of ADIs in Australia, visit www.apra.gov.au/adi/ADIList.cfm. Please note that an electronic statement issued by any institution (including ADIs) may be accepted at CMC Markets' discretion.
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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