Sell your shares
Investor Trade is a convenient way to sell your Australian issuer sponsored shares without needing to open a trading account with a broker.
Already have an Investor Centre account?
If you already have an Investor Centre account and want to sell your shares, simply ‘login’ and follow these three simple steps:
- Select the holding you wish to sell
- Click 'Action' in the portfolio menu
- Click 'sell'
Don't have an Investor Centre account?
If you don’t have an Investor Centre account, simply click on 'Access a Single Holding' and select the company in which you own shares, enter your SRN, postcode and other relevant information to begin selling your shares. Remember to have your documentation ready to verify your identity online.
What is Investor Trade and how does it work?
Investor Trade is an online share sale platform that offers a convenient way to sell your Australian, issuer sponsored shares at the market price, without having to open a trading account with a broker.
Who can use Investor Trade?
You can use Investor Trade if your holding has a registered address in Australia and you have issuer sponsored shares in an ASX-listed company for which we act as the share registry provider. Other eligibility criteria relating to your holding and its value must also be met.
Which shares can I sell?
You can sell all or part# of your issuer sponsored ordinary shares, CHESS Depository Interests (CDIs) or stapled securities that are below $75,000~ in value. The holding must be in your own name/s with a registered address in Australia. Please note the holding cannot have an account designation, be held in a deceased estate or company holding*.
How do I know if my shares are Issuer Sponsored?
Your shares are issuer sponsored if the letter ‘I’ appears at the start of the holding number on your payment advice or holding statement. 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 in order to facilitate a trade.
What does it cost?
|Trades up to $5,000||$110 inc GST|
|Trades over $5,000||$110 + 0.33%^ of the trade value inc GST|
|Trades up to $5,000||$135 inc GST|
|Trades over $5,000||$135 + 0.33% of the trade value inc GST|
^of the sale proceeds above AUD5,000.
Note - All prices listed in AUD and Fees are subject to change without notice
Please refer to the Financial Services Guide for further information on fees and charges.
How will I receive my sale proceeds?
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).
Please be aware that whenever you make a change to your payment instructions, the registered address or a registered name on your holding, that holding will be locked for 10 business days to protect you while we verify the new information provided.
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.
** 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).
~All prices listed are in AUD.
* please note other eligibility criteria applies – refer to the Terms and Conditions for further details.