Selling Australian Shares

Selling Australian Shares

Author
Discussion

towser

Original Poster:

923 posts

212 months

Saturday 6th September 2014
quotequote all
Hi - I've a chunk of shares in an Aus company ( bought through a work share save scheme ). Anyone know of a decent broker who can sell these for me?

towser

Original Poster:

923 posts

212 months

Wednesday 10th September 2014
quotequote all
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 :-(

towser

Original Poster:

923 posts

212 months

Wednesday 10th September 2014
quotequote all
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.

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

Original Poster:

923 posts

212 months

Thursday 11th September 2014
quotequote all
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.