Australian Shares

Once your buy order is partially or fully executed with CommSec, settlement will take place three ASX settlement days after its execution (T+3) unless the stock is tracking under a Deferred Settlement basis.

There are several options available for paying for your shares:

• Automatic direct debit from a linked nominated bank account is the recommended option. We will automatically direct debit from your nominated bank account on T+3. To view the bank account you nominated on your application form, select Portfolio > Profile.
• If you do not have a nominated bank account for settlement, the funds for your buy trade must be paid via BPay or at your nearest Commonwealth Bank branch. Please note that a clearance time of approximately 24 to 48 hours may apply, so it is important to organise payment early to ensure funds are clear and available on the morning of the settlement date. For payment details please contact a Client Service Officer on 13 15 19, 8am to 8pm (Sydney time), Monday to Friday, as you will require a unique reference number.
• You may also be able to pay for your shares by offsetting the purchase with the sale proceeds of a share sell that has not yet settled. This is known as contra.

Yes, there are times when CommSec will offset your trades so only the difference of the executed trades will be direct debited or credited to you. This is referred to as 'Contra'. CommSec will transfer the net amount to or from your settlement account when you either:

• Buy shares and then sell shares on the same day or the next trading day.
• Sell shares and then buy shares on the same day or the next two trading days.

Buy, then sell

Sell, then buy

* You need to ensure that cleared funds are available in your account by 9am on this day.
# Credited to your nominated bank account overnight.

Refer to the CommSec Client Guide for more information regarding our offsetting policy. The CommSec Client Guide is available on our website under Forms & Brochures

To transfer shares held with the share registry into your CommSec trading account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.

Please note: The shares you wish to transfer must have identical registration details (both name and address) to your CommSec trading account. If registration details differ by even one character, such as 'Ms' instead of 'Mrs', your transfer will be unsuccessful. You will need to change these details with the share registry before completing the form.

• Download the CHESS sponsorship form on our website under Forms & Brochures: Issuer Sponsored Holdings to CHESS sponsorship form.
• Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement so we can consolidate your holdings. Ensure that all share holders sign the 'Agreement' section of the form, then post the completed and signed form to:

CommSec - Conversions
Locked Bag 22
Australia Square
NSW 1215

• If you are already CHESS sponsored with CommSec, you can fax the form and statements to us on (02) 8292 4088.

Your request will be completed within approximately 48 to 72 hours of receipt. If your shares are held by another entity, for example yourself in trust for a super fund, you need to complete an Off Market Transfer form . If your shares are held with another broker, complete a Broker to Broker CHESS sponsorship form.

You can transfer shares held by a different party or entity into your CommSec trading account by completing an Off Market Transfer Form.

Please note: You need to complete a separate Off Market Transfer Form for each stock you wish to transfer.

• Download the form from our website at Forms & Brochures: Off Market Transfer form.

Complete the form and post it to:

CommSec
Attn: Conversions
Locked Bag 22,
Australia Square
NSW 1215

Your shares will be transferred approximately 48 to 72 hours from receipt of your request. A fee is payable for each different stock transferred (see Costs). You can attach a cheque for payment of the transfer, or the fee will be automatically debited from the bank account linked to your CommSec share trading account. If you are transferring from one CommSec trading account to another, the fee will be debited from the account of the buyer.

If your shares have the same registration details as your CommSec trading account please complete an Issuer Sponsorship Holding to CHESS Sponsorship form or a Broker to depending on where your shares are registered. This is free of charge.

You can transfer shares held with another broker to your CommSec Trading Account by completing a Broker to Broker Transfer Form.

Please note: The shares you wish to transfer must have identical registration details (both name and address) to your CommSec trading account. If registration details differ by even one character, such as 'Ms' instead of 'Mrs', your transfer will be unsuccessful. You will need to change these details with the share registry before completing the form.

Download the CHESS sponsorship form on our website under Forms & Brochures: Broker to Broker CHESS sponsorship form.

Nominate if you would like your Holder Identification Number (HIN) or some of your shares to be transferred to CommSec then sign the 'Agreement' section at the bottom of the form.

Post the signed completed form to:

CommSec
Attn: Conversions
Locked Bag 22,
Australia Square
NSW 1215

If you are already CHESS sponsored with CommSec, you can fax the form to us on (02) 8292 4088.

Your request will be completed within approximately 48 to 72 hours of receipt. If your shares are held in another entity, for example yourself in trust for a super fund, you need to complete an Off Market Transfer form. If your shares are held with another broker, complete an issuer to broker request.

Your CommSec Trading Account has a natural trading limit of $25,000 for leading stock. This includes $7,500 for non-leading stock. This means you are able to trade up to these amounts without any deposit requirements and the funds will be payable the morning of settlement date, which is three trading days after your buy order has executed (T+3).

You are able to increase your trading limits by:

1. If you have a CommSec Cash Management account linked for settlement of your trades, the full balance of your account will automatically be integrated and added to your current trading limit. You are then able to put through a trade online at any time provided there is sufficient collateral within this account. This also applies to clients who have a CDIA or Bankwest Money Market Account linked.

2. Shares can increase your trading limit. If you are CHESS sponsored with CommSec the market value of your CHESS sponsored holdings will add to your daily trading limit.

3. Depositing funds into your CommSec Trading Account through BPAY or a cash deposit at your nearest CBA branch. For your unique payment details please contact us on 13 15 19. Please note a clearance period of approximately 24 to 48 hours applies.

4. If you have a Commonwealth Bank Account linked for settlement of your trades you are able to call one of our client service officers to arrange a deposit on your behalf and place the order at phone rates of brokerage.

The deposit will generally need to equate to 50% of the amount in excess of your trading limit. For example, if you wish to buy $10,000 of non-leading stock, this is $2,500 above your natural trading limit for non-leading stock. Your CHESS holdings will need to have a market value of at least $1,250 or a deposit of $1,250 will be required.

Please note that any open or unsettled buy orders will decrease your trading limit.

You can become CHESS sponsored with CommSec by completing one simple form.

• Download the CHESS Sponsorship Form from our website under Forms & Brochures: Broker to Broker CHESS sponsorship form or an Issuer Sponsored Holdings to CHESS sponsorship form.

Select the relevant form and complete the 'CommSec account Details' section, and then sign the 'Agreement' section.

Post your completed, signed form to:

CommSec – Client Registry
Locked Bag 22
Australia Square
NSW 1215

Your account will become CHESS sponsored within approximately 24 to 48 hours of receipt of your form. You will also receive a notice from ASX Settlement to confirm that CommSec is your CHESS Sponsor. All future trades will settle under your CHESS sponsorship with CommSec.

CommSec offers a "One Off Trade" (OOT) service for clients who do not wish to open a trading account but have a holding they wish to sell. On the website, go to Forms & Brochures: One Off Trade Form. Print and complete the form, then fax it to (02) 8292 4770 or post it to:

Commonwealth Securities
Att: One Off Trades
Locked Bag 22
Australia Square
NSW 1215

Your shares will be sold within approximately 24 to 48 hours of receipt of your request at the prevailing market price at the time the order is placed. A Confirmation Contract Note will be issued the same day. You should retain the Confirmation Contract Note for tax purposes, as it details the price your shares were sold at and the brokerage paid.

Brokerage is $66 per trade up to $10 000 or 0.66% of the value of the trade if greater than $10 000 and is deducted from the proceeds of the trade. The net amount will be posted to you as a cheque on the 3rd ASX settlement day after your order is executed (T+3). Please ensure that your registration details with the share registry are up-to-date and accurate. We will post the Confirmation Contract Note and cheque to the address you nominate on the One Off trade Form.

Before completing a One Off Trade with CommSec, please be aware:

• CommSec cannot execute a one off trade on behalf of a trust or company account if you do not have an existing CBA account or credit card.
• Any CBA or CommSec account details provided by you on a CBA client form are for identification purposes only, and proceeds will be credited in the form of cheque only.
• You will be required to attach with your form the latest holding statement or dividend statement of the share you wish to sell.
• Each line of stock will have a separate SRN and holding statement and will therefore require a separate trade. Please fill out a separate form for each stock you wish to sell.
• Warrants cannot be sold using this form.
• No early settlement is available.

If you have two or more holdings you wish to sell, you may wish to consider opening a trading account. This can be done online with no establishment or ongoing costs and with cheaper brokerage rates. Settlement may also be made directly to or from your nominated bank account. Go to 'Apply now' for more information.

If a share payment is overdue, you may receive an SMS alerting you to an amount outstanding on your CommSec Trading Account. In that case, please call us as soon as possible on 13 15 19, 8am to 8pm, Monday to Friday. You can also call this number to confirm that a payment has been made.

You can pay for shares via automatic direct debit from a nominated bank account, BPAY or cash deposit into a CommSec Trust Account which can then be allocated to your CommSec Trading Account. Please note that BPay and cash deposit payments have unique payment details and entail a 24 to 48 hours clearance period. If you are unsure of the payment number, please call 13 15 19, 8am to 8pm (Sydney time), Monday to Friday.

Please note: If you change your bank details with us it means that all share transactions will settle through your new nominated bank account. This account must be in the exact same name as your trading account. If your account is in joint names or is a company account all account holders and listed directors will need to sign the form.

To change your bank account:

• You will find the 'Direct Debit/Direct Credit Request' Form on our website under Forms & Brochures: Direct Debit/Direct Credit Request Form.
• Print out, complete and sign the form, then fax it to (02) 8292 5744 or post it to:

CommSec – Client Registry
Locked Bag 22
Australia Square
NSW 1215

Your account will generally be updated within approximately 24 to 48 hours of receipt of the request. To check that it has been updated, you can log into the website, click on 'Portfolio > Accounts > Details'.