Investor Trade is a convenient way to sell your Australian issuer-sponsored shares without needing to open a trading account with a broker.
What is Investor Trade and how does it work?
Investor Trade is an online share sale platform that allows you to conveniently sell your shares at the market price. You will receive your sale proceeds by direct credit where you have an existing bank instruction on your holding** or a cheque^* will be sent to you on the day of settlement (which is generally two business days after the trade date).
Which shares can I sell?
You could sell all or part# of your ordinary shares, CHESS Depository Interests (CDIs) or stapled securities in an issuer-sponsored holding that is below AUD50,000 in value. The holding must be in your own name with a registered address in Australia or New Zealand. Please note the holding cannot have an account designation, be held in a deceased estate or be a joint or company holding*.
Please be aware that whenever you make a change to payment instructions, a registered address or a registered name on your holding, that holding will be locked for 10 business days to protect you and to allow us to verify the new information provided.
What does it cost?
|Trades up to $5,000||AUD99 inc GST||AUD90|
|Trades over $5,000||AUD99 + 0.33%^ inc GST||AUD90 + 0.30%^|
Fees are subject to change
^ of the sale proceeds above $5,000
Note: Investor Trade will not allow you to trade if the proceeds of sale are less than the transactional costs of the sale.
Please refer to the Financial Services Guide for further information on fees and charges.
How do I know if my shares are Issuer Sponsored?
By looking at your holding statement or payment advice for your shares, you can quickly identify if they are Issuer Sponsored or not. If the letter ‘I’ appears at the start of the holding number, your shares are issuer sponsored, and therefore can be sold through Investor Trade. If the letter ‘X’ appears at the start of the holding number, your shares are broker sponsored and you will have to contact your broker.
Who can use Investor Trade?
You could sell your shares if your holding has a registered address in Australia or New Zealand and you have issuer sponsored shares in an ASX-listed company for which we act as share registry provider. Other eligibility criteria relating to your holding and its value must also be met.
What forms of ID do I need to sell my shares?
Your registered address determines the forms of identification required. You may need your date of birth, address, driver’s licence, passport or Australian Medicare to verify your identity. The online verification process involves checking your details against external data sources in order to match your identity, please access the Privacy Statement for more information.
How do I start?
There are two ways you can access Investor Trade. If you already have an Investor Centre account, simply login. Once you’ve signed in, select a holding you wish to sell, select 'Action' from the portfolio menu and select ‘sell’.
If you don’t already have an Investor Centre account, simply click on ‘Access a Single Holding’, enter your SRN, postcode and other information to begin selling your shares.
Remember to have your documentation handy to verify your identity online.
** Only available for holdings with an Australian registered address.
^* cheque charges apply, please refer to the financial service guide for further information
* please note other eligibility criteria applies – refer to the Terms and Conditions for further details
# A partial sale cannot take place if the remaining holding balance is less than a marketable parcel (less than AUD$500 in value).