Terms & Conditions

As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances and if necessary, seek appropriate professional advice. Commonwealth Direct Investment Account is issued by the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank). Over-the-Counter Contracts for Difference and Exchange Traded Options are issued by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (‘CommSec'). Product Disclosure Statements for these products are available by calling 13 15 19 (8am-7pm Monday to Friday, EST) or by visiting commsec.com.au. You should consider the appropriate PDS before making any decisions about the products. CommSec Margin Loan is a product of the Bank administered by its wholly owned but non-guaranteed subsidiary CommSec, a Participant of the ASX Group. Full terms and conditions are in the CommSec Margin Loan booklet. Applications are subject to credit approval. Bank and Government charges apply.

Share Packs

The number of shares in each stock is rounded down to a whole number as fractional purchase of shares is not possible.

The Share Pack Estimate cost is indicative at the time the order is placed; the actual total consideration may be different.

Your Share Pack order is subject to our General Conditions of Trade and Trading Rules. All CommSec Share Packs are "At Market" orders. "At Market" orders cannot be accepted outside market hours or when trading in a particular stock is halted / suspended. Market hours: 10am-4pm, Sydney Time, Monday to Friday.

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 and is a Participant of the ASX Group.

Commonwealth Direct Investment Account is a product of the Commonwealth Bank of Australia ABN 48 123 123 124 administered by its wholly owned subsidiary Commonwealth Securities Limited ABN 60 067 254 399 (CommSec).

CommSec Term Short Selling facilities are provided by the Commonwealth Bank of Australia and administered by CommSec. No warranty or guarantee is given by the Commonwealth Bank of Australia or its subsidiaries for the repayment of capital invested or the payment of income with respect to any investment listed as an accepted security. Only investors who fully understand the risks associated with short selling should apply. Please refer to the Day Short Selling brochure and Term Short Selling brochure for full terms and conditions. All applications for a Term Short Account are subject to the Commonwealth Bank's credit approval process. Fees and charges apply.

* Brokerage for Internet Preferred trades up to $10,000. To place an Internet Preferred trade, you must trade online, be CHESS-sponsored by CommSec, and settle your trade through a Commonwealth Direct Investment Account or a CommSec Margin Loan.