One-Off Sales Service

Just need to sell some shares? Easy. Just download and complete our One-Off Sales Form and return to us.

DOWNLOAD FORM

Mail to:

OpenMarkets Australia Ltd 
Suite 300, 189 Queen Street
Melbourne VIC 3000

Along with:

  • an original certified copy of your driver’s licence or passport *
  • a copy of your current holding or dividend statement

  • a copy of a bill no more than 3 months’ old (foreign applicants only)

  • a copy of your current bank statement no more than 3 months’ old
  • *Foreign applicants note: photo ID must be provided. If your country’s driver’s licence does not display your photo, then a certified copy of your passport only will be accepted. Note also that we can only accept applications from those in our approved country list.  See our FAQs further below for allowable countries.

Email to:

Along with:

  • a copy of your current holding or dividend statement 
  • a copy of one form government ID e.g. passport or driving licence
  • a copy of your current bank statement no more than 3 months’ old

Note: we will conduct an electronic ID check however if you do not pass you will need to mail to us certified copy of your passport or drivers licence (as outlined on the left). We will notify you if this happens.

Our Fees

$200.00 (including GST) per trade up to the value of $15,000, then charged at 1.5%.

International shareholders please note:
an additional fee of AUD$100 is charged per Telegraphic Transfer of funds into an international bank account.

What happens next?

  • Once received, your application will be processed with 48-72 business hours
  • The holdings will be sold ‘at market’ at the time the application is processed
  • Sale proceeds will be deposited into the nominated bank account on T+2 (two business days after the trade date).

Frequently Asked Questions

What’s the difference between Issuer and broker sponsored shares?

Issuer sponsored shares are issued directly from the company and are maintained by a share registry. They are identified by a Securities Reference Number (SRN) that typically starts with an “I” e.g. I00076272.

Broker sponsored shares are issued to you via CHESS and sponsored by a stockbroker. They are identified by one single Holder Identification Number (HIN) that starts with an “X” e.g. X000987626.

What’s the difference between a one-off sale account and a trading account?

A one-off sale account is opened solely to facilitate the sale of an Issuer Sponsored Holding. A trading account allows you to buy and sell holdings i.e. trade where all holdings are CHESS sponsored by OpenMarkets and attached to a HIN. Download a trading account application

Can I sell multiple ‘one-offs' through the one account?

Yes, providing that the shares are registered in the exact same name and address. Middle names and street abbreviations are the only exceptions. Just attach copies of the holding/dividend statement of the additional holdings you wish to sell to the form. To align the registration details of your holdings, you’ll need to contact each of the relevant share registrie

When does the trade get placed?

Unless you have specified in the application that would like to be contacted, OpenMarkets will sell your holdings ‘at market’ at the time the application is processed. Alternatively, if you would like to set a ‘limit order’ please indicate on the application form and the trade will be placed once the application is processed.

Once sold, all account holders will receive a trade confirmation note via email. Sale proceeds will settle T+2 (trade date plus two business days) with funds usually clearing overnight into your nominated bank account.

When do the proceeds get paid into my account?

Two business days after the trade date (T+2). The bank account should be held in the name of the shares.

 

What are the approved countries outside of Australia from which OpenMarkets accepts applications?

Outside of Australia, we can only accept one-off sale applications from those that reside in the following countries:

ALAND ISLANDS – ALBANIA – ALGERIA – AMERICAN SAMOA – ANDORRA – ANGOLA -ANGUILLA – ANTARCTICA – ANTIGUA AND BARBUDA – ARGENTINA – ARMENIA – ARUBA – AUSTRIA – AZERBAIJAN – BAHAMAS – BAHRAIN -BANGLADESH – BARBADOS – BELARUS – BELGIUM – BELIZE – BENIN -BERMUDA – BHUTAN – BOLIVIA – BOSNIA AND HERZEGOVINA – BOTSWANA – BOUVET ISLAND – BRAZIL – BRITISH IND OCEAN TERR – BRITISH VIRGIN ISLANDS – BRUNEI DARUSSALAM – BULGARIA – BURKINA FASO – BURUNDI – CAMBODIA – CAMEROON – CANADA – CAPE VERDE – CAYMAN ISLANDS – CHAD-CHILE – CHINA – CHRISTMAS ISLAND – COCOS KEELING ISLANDS – COLOMBIA -COMOROS – COOK ISLANDS COSTA RICA – COTE DIVOIRE – CROATIA -CUBA – CYPRUS – CZECH REPUBLIC – DENMARK – DJIBOUTI -DOMINCA – DOMINICAN REPUBLIC – ECUADOR – EGYPT – EL SALVADOR – EQUATORIAL GUINEA – ESTONIA – ETHIOPIA – FALKLAND ISL MALVINAS – FAROE ISLANDS FIJI – FINLAND – FRANCE – FRENCH GUIANA – FRENCH POLYNESIA – FRENCH SOUTHERN TERR – GABON – GAMBIA – GEORGIA – GERMANY – GHANA – GIBRALTAR – GREECE – GREENLAND – GRENADA – GUADELOUPE – GUAM -GUATEMALA -GUERNSEY-GUYANA -HAITI -HEARD AND MCDONALD ISL -HOLY SEE-HONDURAS – HONG KONG-HUNGARY – ICELAND – INDIA – INDONESIA-IRELAND – ISLE OF MAN – ISRAEL – ITALY – JAMAICA – JAPAN – JERSEY – JORDAN – KAZAKHSTAN – KENYA – KIRIBATI – KOREA REPUBLIC (SOUTH) – KUWAIT – KYRGYZSTAN – LAO PEOPLES DEMOCRATIC REP – LATVIA – LESOTHO – LIBERIA – LIECHTENSTEIN – LITHUANIA – LUXEMBOURG – MACAO – MACEDONIA EX YUGOSLAV REP – MADAGASCAR – MALAWI-MALAYSIA – MALDIVES – MALI – MALTA – MARSHALL ISLANDS – MARTINIQUE – MAURITANIA – MAURITIUS – MAYOTTE – MEXICO – MICRONESIA FEDERATED STATES – MOLDOVA – MONACO – MONGOLIA – MONTENEGRO – MONTSERRAT – MOROCCO – MOZAMBIQUE – NAMIBIA -NAURU – NEPAL – NETHERLANDS – NETHERLANDS ANTILLES – NEW CALEDONIA – NEW ZEALAND – NICARAGUA – NIGER NIGERIA – NIUE – NORFOLK ISLAND – NORTHERN MARIANA ISL – NORWAY – OCCUPIED PALESTINIAN TERR – OMAN – PAKISTAN – PALAU – PANAMA – PAPUA NEW GUINEA – PARAGUAY-PERU – PHILIPPINES – PITCAIRN – POLAND – PORTUGAL – PUERTO RICO – QATAR – REUNION – ROMANIA – RWANDA -SAMOA -SAN MARINO-SAO TOME AND PRINCIPE -SAUDI ARABIA -SENEGAL -SEYCHELLES -SIERRA LEONE- SINGAPORE – SLOVAKIA -SLOVENIA -SOLOMON ISLANDS -SOUTH AFRICA – SPAIN – ST BARTHELEMY – ST HELENA – ST KITTS AND NEVIS – ST LUCIA – ST MARTIN – ST PIERRE AND MIQUELON – ST VINCENT AND THE GRENADINES – STH GEORGIA & STH SANDWICH ISL – SURINAME – SVALBARD AND JAN MAYEN – SWAZILAND – SWEDEN – SWITZERLAND – TAIWAN, PROVINCE OF CHINA – TAJIKISTAN – TANZANIA, UNITED REP OF – THAILAND – THE EX YUGOSLAV REP MACEDONIA – TIMOR-LESTE – TOGO – TOKELAU – TONGA – TURKEY – TURKMENISTAN – TURKS AND CAICOS ISL – TUVALU-UGANDA – UNITED ARAB EMIRATES – UNITED KINGDOM – UNITED REP OF TANZANIA – UNITED STATES OF AMERICA – UNITED STATES VIRGIN ISL – URUGUAY – US MINOR OUTLYING ISL – UZBEKISTAN – VENEZUELA – VIETNAM – VIRGIN ISLANDS BRITISH – VIRGIN ISLANDS US – WALLIS AND FUTUNA – WESTERN SAHARA – ZAMBIA

I live overseas, what else do you require from me?

In additional to completing the form, you will need to mail to OpenMarkets:

  • A Certified copy of your passport (or driver’s licence where a photo and signature is visible)
  • A copy of a bill displaying your residential address no more than 3 months old

We do not accept emailed applications for foreigner and non-domiciled Australians.  Original applications must be posted to us.

Can I sell my NSX shares using this form?

Yes, however we can only sell non-certificated NSX shares. Please visit www.nsxa.com.au for list of non-certification securities.

Where can I get a copy of my holding statement?

By contacting the relevant share registry or by logging into their website using your SRN and postcode.

How do I find out which share registry the company is registered with?

By looking up the company information at the relevant exchange website:

What if the holding is attached to a HIN at another broker?

You can either sell this holding through the existing broker or apply for a HIN transfer request through OpenMarkets, after which we will be able to sell the holding. You will need to open an account with OpenMarkets before you transfer the HIN.