Selling Australian Shares
Discussion
Have a look at T D Waterhouse who offer a relatively low cost overseas equity dealing service.
No connection etc etc.
http://www.tddirectinvesting.co.uk
No connection etc etc.
http://www.tddirectinvesting.co.uk
I hold some Aussie shares in my Commsec account. https://www.commsec.com.au
Opened it when I lived in Oz though so not sure if you can open one as a non resident, worth enquiring though.
Opened it when I lived in Oz though so not sure if you can open one as a non resident, worth enquiring though.
foliedouce said:
I hold some Aussie shares in my Commsec account. https://www.commsec.com.au
Opened it when I lived in Oz though so not sure if you can open one as a non resident, worth enquiring though.
Just had a look - fails the account opening process at address validation.....worth a try though.....it seems almost impossible to do this. Opened it when I lived in Oz though so not sure if you can open one as a non resident, worth enquiring though.
Only two options I've found are :
1) Trading Account with TD Direct, however to transfer shares into this account takes at least 6 weeks and costs £150. Timing is ok, the fee is a bit hard to swallow if I'm being honest.
2) A service in Aus called sellmyshares seem to be the best bet. However proof of ID requires a Notary ( or consulate official ). It might just be the best and quickest route.
Ta....
towser said:
Thanks guys.....I guess I'm just wanting to execute a sale - not overly bothered about establishing a trading account.
It doesn't appear that life is as simple as that though :-(
Wherever you go, you will have to open an account to sell your shares.It doesn't appear that life is as simple as that though :-(
The broker has to deliver your shares to an Aussie agent in good order to settle the sale in Australia.
It does involve labour and can be awkward which is why many brokers avoid this service or discourage it by applying higher charges.
Good luck with your enquiries.
Slowped said:
Also, which company are the shares in? Fell free to PM me if you would prefer.
Hi - yeah I have SRN. Shares are in NAB - bought through share save scheme - don't amount to much but enough for me to be getting irritated by the fact they're "stuck" in Aus. They are currently being held by a company called Computershare. They previously allowed the sale of shares via their website for non-Aus citizens / NAB employees but this has changed since I left the organisation.
towser said:
Hi - yeah I have SRN. Shares are in NAB - bought through share save scheme - don't amount to much but enough for me to be getting irritated by the fact they're "stuck" in Aus.
They are currently being held by a company called Computershare. They previously allowed the sale of shares via their website for non-Aus citizens / NAB employees but this has changed since I left the organisation.
I should be able to help you then, I'll send you a email shortly. They are currently being held by a company called Computershare. They previously allowed the sale of shares via their website for non-Aus citizens / NAB employees but this has changed since I left the organisation.
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