How do I transfer shares held by another party to CommSec? (OMT)

To transfer beneficial ownership of shares from one party to another, without buying and selling on the market, you can complete an Off Market Transfer request form or online 

1. Transfers between CommSec accounts that have direct relationships. For example, a transfer between MR JOHN SMITH + MS JANE SMITH to MR JOHN SMITH + MS JANE SMITH <SMITH SUPER FUND A/C>. Transfer requests can be done online by logging into your CommSec account and navigating to Support > Service Centre > Transfer Shares.

2. Transfers between another party to CommSec held in a Company name, or a different name with no direct relationship. For example, a transfer between MR JOHN SMITH and MR SAM JONES, you need to complete an off Market Transfer Form)

(If your shares have the same registered name as your CommSec trading account, you need to complete an Issuer to CHESS request or a Broker to Broker request - this is free of charge)

How to download the form:

To download the form log into your CommSec account and navigate to Support > Service Centre > Transfer Shares and follow the prompts.

Internal Bulk Off Market Transfer Form

For use when transferring multiple holdings from one CommSec account to another CommSec account with no direct relationship. This form will allow bulk transfer of up to eight securities using one form.

Off Market Transfer Form for Issuer to Chess Transactions

For use when transferring Issuer Sponsored holdings into your CommSec Trading Account. If the seller is not a CommSec or a Commonwealth Bank customer, additional identification is required.

Off Market Transfer Form

For use when transferring shares between another Brokers Account and your CommSec Trading Account or from your CommSec Trading Account out to the Share Registry. For example MR SMITH transferring to MR JONES.

You can complete the form electronically, or alternatively print and fill out the form. Once complete, please print, sign and scan the form back to us at OMTRequests@CommSec.com.au.

Your shares will be transferred approximately 2 to 3 business days from receipt of your request.

Please note: A fee of $54 per transfer may apply per transfer. The fee will be automatically debited from the bank account linked to your CommSec trading account. If you are transferring from one CommSec trading account to another, the fee will be debited from the account receiving the shares.

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