It's now easier to sell shares than ever before. If you hold shares that are Issuer Sponsored, you do not even need to open an account in order to sell them.
You'll know if you have Issuer Sponsored shares by looking at your Holdings Statement - if it has a Shareholder Reference Number (SRN), then the shares are Issuer Sponsored.
You might wish to use this service if:
- You have shares you received in a float or demutualisation (For example, NRMA, AMP, Commonwealth Bank etc)
- You have shares that you wish to sell, but you do not want to open an account.
You will need your holdings statement for all shares you wish to sell, and you must ensure the name and address on the statement is correct - contact the share registry to make any changes before trying to sell the shares. Contact details should be on the statement.
How to Place an Order
- Read and agree to the Financial Services Guide
- Read and agree to the CMC Markets Stockbroking Terms & Conditions
- Download and print the One-Off Sale form (you will need Adobe Acrobat Reader to view the form)
- Photocopy your identification and have it certified (see below for ID certification requirements)
- Mail the on-off sale form, together with a copy of your holdings statement and certified copy of your identification to:
CMC Markets Stockbroking
One-off Sales
GPO Box 5351
Sydney NSW 2001
Identification Requirements
We require a certified copy of ID taken from the following categories. You can supply 1 item from Category A, or 1 from Category B AND 1 from Category C.
One of the following:
Category A:
- Driver's licence
- Passport
- Proof of age card
OR two documents, one from each of the following lists:
Category B:
- Birth Certificate (Australian)
- Citizenship Certificate (Australian)
- Pension Card (Both sides of card required)
- Senior's Card (Both sides of card required)
Category C:
- A notice issued by the Commonwealth or State Governments, displaying name and address of applicant (e.g. a Centrelink notice)
- A notice issued by the Australian Tax Office within the last 12 months, displaying name and address of applicant
- A notice issued by a local government body or utilities provider displaying name and address of applicant (e.g. a council rates notice or electricity bill)
Certification of Identification
Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, we need a copy of your identification that has been certified as a true copy. Usually the certifier will view your ID and write words to the effect that they seen the original ID. In addition they need to state their capacity to sign (e.g. Police Officer, Justice of the Peace) and that the copy is a true and accurate copy of that ID. They will then sign, date and place their contact details on the copy. You then need to send us that copy via post (not fax or email).
Certification can be completed by a range of people:
- Any CMC Markets Stockbroking employees can certify your ID if you bring it to one of our offices
- Justices of the Peace
- Australia Post employees
- Police Officers
- Judges and some court officials
- Some bank employees
- Click here to view the full list of people who can certify your identification
- If you will have trouble meeting the identification requirements, please call us on 1300-360-071.
Payment
On the day of settlement (generally 3 business days after the trade), we will post a cheque to the address as shown on your holding statement, made out in the name of the shareholder.
Brokerage
Our brokerage fee, including GST, for this service will be:
| Order value |
Brokerage |
| Up to $75,000 |
$82.50 |
| Over $75,000 |
0.22% |
Please note that we do not guarantee your order will be placed on the market within a specific timeframe. The speed with which the order is placed will depend to a large extent on verification of your holding with the Share Registry, and the accuracy of the details you have provided.