Same or different owners when transferring – examples

These are examples of what is considered the same name/same owner versus different owner when transferring shares.

Getting this right is important, as brokers and registries verify this information when assessing a transfer request.

Same owners - examples

Current owner of the shares New owner

An individual (e.g. Mr JOHN JAMES SMITH)

The same individual (e.g. MR JOHN JAMES SMITH)

  • with the same spelling of their name (including salutation and middle names)
  • with the same address (exact unit/house number, street, suburb and postcode)

A joint relationship (e.g. MR JOHN JAMES SMITH + MRS SARAH JANE SMITH)

The same joint relationship (e.g. MR JOHN JAMES SMITH + MRS SARAH JANE SMITH)

  • with the same spelling of their name (including salutation and middle names)
  • with the same address (exact unit/house number, street, suburb and postcode)

Company or trust (e.g. ABC COMPANY PTY LTD)

The same company or trust (e.g. ABC COMPANY PTY LTD)

  • with the same spelling of the company/trust name
  • with the same spelling of the trust designation (i.e. the words within the < >)
  • with the same trustees

Tip: if there is different spelling, there is a good chance that your transfer request will be rejected. So change your details before transferring – this involves contacting the organisation that has the old details (which could be CommSec, the other broker, or the share registry).

Different owners - examples

Current owner of the shares New owner

An individual

  • A different individual
  • A joint relationship
  • A company or trust

A joint relationship

  • An individual
  • A joint relationship of different people
  • A company or trust

Company or trust

  • An individual
  • A different company
  • A different trust
  • A trust with different account designation
  • A trust with different trustees

 

Disclaimer

This site is directed and available to and for the benefit of Australian residents only. © Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 and both entities are incorporated in Australia with limited liability.

By clicking on the "Download the CommSec App" buttons above, you will be directed to itunes.apple.com or play.google.com. These sites are not affiliated with CommSec and may offer a different Privacy Policy and level of security.

Top