Rates & Fees

For a full list of fees and charges, please refer to our Financial Services Guide

Australian Shares

Trade Execution	Brokerage fee amount by transaction value¹
Trade online and settle your trade to a CDIA or CommSec Margin Loan²	$10.00 (Up to and including $1,000) $19.95 (Over $1,000 up to $10,000 (inclusive)) $29.95 (Over $10,000 up to $25,000 (inclusive)) 0.12% (Over $25,000)
Trade online and settle into a bank account of your choice	$29.95 (Up to and including $9,999.99) 0.31% ($10,000 and above)
Share Trades over the Phone³	$59.95 (Up to and including $10,000) 0.52% (Over $10,000 up to $25,000 (inclusive)) 0.49% (Over $25,000 up to $1,000,000 (inclusive)) 0.11% (Over $1,000,000)
CommSec Share Packs online⁴	$66 per pack of 6 stock (equates to $11 per stock⁵)
CommSec Share Packs over the phone⁴	$181.50 per pack of 6 stock (equates to $30.25 per stock⁵)
Trades requiring settlement through a third party⁶	$99.95 (Up to and including $15,000) 0.66% (Over $15,000)
One Off Trades	$66.00 (Up to and including $10,000) 0.66% (Over $10,000)
Deceased Estates	$59.95 (Up to and including $10,000) 0.52% (Over $10,000 up to $25,000 (inclusive)) 0.49% (Over $25,000 up to $1,000,000 (inclusive)) 0.11% (Over $1,000,000)
¹For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents. ²To be eligible, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan. ³Brokerage charged (shares, warrants and listed managed investments): Brokerage at these rates applies each time you buy or sell a stock, warrant or listed managed investment. ⁴Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold. ⁵Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it. ⁶Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.

International Shares

Markets	Brokerage Fee	Other Costs
North America New York Stock Exchange NASDAQ American Stock Exchange Includes equities, foreign denominated bonds and managed funds	USD $19.95 for trades up to USD $5,000 USD $29.95 for trades up to USD $10,000 0.31% for trades above USD $10,000¹
US Exchange Traded Options	USD $65.00 or 0.75%, whichever is greater¹	USD $1.10 per contract applies to US Option trades
Canada	USD $39.95 or 0.40%, whichever is greater¹	0.15% execution fee
Asia Pacific Japan Hong Kong	USD $39.95 or 0.40%, whichever is greater^1,2	Taxes and market fees put through at cost
Indonesia New Zealand Philippines Singapore Thailand	USD $39.95 or 0.40%, whichever is greater^1,2	Taxes and market fees put through at cost
Europe and Middle East London Stock Exchange (LSE)	USD $39.95 or 0.40%, whichever is greater^1,2	A stamp duty of 50 basis points may apply to buy trades executed on the LSE
Austria Belgium Denmark Finland France Germany Ireland Israel Italy Luxembourg The Netherlands Norway Portugal Spain Sweden Switzerland	USD $39.95 or 0.40%, whichever is greater^1,2	Taxes and market fees put through at cost
¹For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage applied. ²May be subject to additional local exchange fees

Foreign Exchange

Fee Type	Amount (USD)
FX Rate³	0.60%
³For trades in currencies to which certain restrictions apply, currency must first be transferred from USD and will incur a small additional spread. Alternatively trades can be settled in USD.

Other International Account Fees

Exchange fees and other regulatory fees also apply. Exchange fees may be different for each exchange you trade on.

Fee Type	Amount (USD)
Custody fee for inactive accounts⁴	$25.00 per year
Posted trade confirmation fee	$1.80 per trade confirmation
Posted statement fee	$1.80 per statement
⁴ Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD $100 or more. Systematic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However, dividend reinvestment activity is not considered a trade.

Margin Lending

Margin Lending Interest Rates

Rate Term	Interest Paid in Advance	Interest Paid Monthly in Arrears
Variable	-	6.78%
3 months	6.69%	6.83%
6 months	6.64%	6.78%
9 months	6.59%	6.73%
1 year	6.49%	6.63%
2 years	6.65%	6.79%
3 years	6.94%	7.08%
5 years	7.24%	7.38%
Interest Rates are subject to change without notice. All rates are indicative only. Other fixed terms & firm rates available on application. Find out more about our Variable and Fixed Rate Loans here

Brokerage Rates

Trade Execution	Brokerage fee by transaction value¹	Above minimum by transaction value (flat)¹
Trade online	$10.00 (up to and including $1,000)	$19.95 (Over $1,000 up to $10,000 (inclusive)) $29.95 (Over $10,000 up to $25,000 (inclusive)) 0.12% (Over $25,000)
Trade over the phone	$59.95 (up to and including $10,000)	0.52% (Over $10,000 up to $25,000 (inclusive)) 0.49% (Over $25,000 up to $1,000,000 (inclusive)) 0.11% (Over $1,000,000)
¹ All of the above brokerage rates are on a per trade basis and include GST

Application Fee

Type of Application Fee	Fee Amount
Application fee for individual and company applicants	$0
Trust deed investigation fee	minimum $200
Personal Property Securities Register (PPSR) Registration Fee (Government fee payable when the Security Interest is registered, or registration is amended)	Amount of government fee (if applicable)

Account Maintenance Fee

Account Maintenance Fee Type	Fee Amount
Account Keeping Fee	$0
Printing and postage of contract notes (Electronic contract notes are free of charge)	$1.95
Dishonour Fee	$30
Rebooking Fee	$25
Off Market Transfer Fee	$54
Paper Statement Fee. We make electronic statements available to all borrowers free of charge. If you request to receive paper statements or we send you paper statements due to your e-mail address being invalid, unable to receive e-mails or not provided to us, this charge will apply.	$1.95 per statement.
Additional Statement Fee. We may charge this fee if you request an additional statement or a reprint of a loan statement.	$10 per statement.
Government tax or duty	Amount of government tax or duty

Account Closure Fee

Account Closure Fee Type	Fee Amount
Early repayment adjustment and administrative fee on fixed rate loans	Depends on amount of loan and interest rate movements

Cash

Interest Rates - Accounts opened / migrated on or after 1 November 2012

All rates displayed in the table below are per annum.

Balance	Linked to CommSec Trading Account	SMSF*
$500,000 or more	1.75% p.a.	1.50% p.a.
$250,000 - $499,999	1.50% p.a.	1.50% p.a.
$100,000 - $249,999	1.30% p.a.	1.50% p.a.
$50,000 - $99,999	0.80% p.a.	1.50% p.a.
$20,000 - $49,999	0.50% p.a.	1.50% p.a.
$10,000 - $19,999	0.25% p.a.	1.50% p.a.
$0 - $9,999	0.00% p.a.	0.00% p.a.
For interest rates applicable to the Standard Access CDIA, please refer to Rates and Fees. *Option only available for self-managed superfunds (SMSF), that elect the SMSF CDIA option at account opening or have requested to switch onto the SMSF option

Interest Rates - Accounts opened on or before 31 October 2012^#

All rates displayed in the table below are per annum.

Balance	Accounts opened on or before 31 October 2012^#
$500,000 or more	1.00% p.a.
$250,000 - $499,999	1.00% p.a.
$100,000 - $249,999	0.35% p.a.
$50,000 - $99,999	0.35% p.a.
$20,000 - $49,999	0.15% p.a.
$10,000 - $19,999	0.15% p.a.
$0 - $9,999	0.15% p.a.
^#Interest rates for existing account holders only - no longer available for sale

Withdrawal Fees

For accounts opened / migrated on or after 1 November 2012:

- CDIA accounts linked to CommSec Trading Account option allows for unlimited fee-free electronic withdrawals plus 2 fee-free assisted withdrawals each month
- SMSF CDIA option allows for unlimited fee free electronic withdrawals and assisted withdrawals each month

For accounts opened on or before 31 October 2012: please refer to your Offer Confirmation Letter (available on NetBank) or for Standard Access (CDIA) accounts, please refer to Rates and Fees.

Other Fees and Charges

For a complete list of potential fees and charges that may apply, please read the Transaction, Savings and Investment Terms and Conditions

Fees and rates are subject to change.

Derivatives

Exchange Traded Options

Trade Execution	Minimum*	Above Minimum* (flat)
Internet (also charged upon exercise or assignment of the option)	$34.95 up to $10,000 in premium	0.35% (above $10,000)
Phone (also charged upon exercise or assignment of the option)	$54.60 up to $10,000 in premium	0.54% (above $10,000)
*All of the above brokerage rates are on a per trade basis and include GST

Other fees and charges	Amount
Option fail fee per day	$100
Late settlement fee	$100
Equity fail fee per day (assignment and exercise)	$100
Rebooking fee	$27.50

ETO ASX Clear fees per contract	Amount per contract¹
Equity Option Contract (Open/Close)	$0.13 (GST exclusive)
Equity Option Contract (Exercise/Assignment)	$0.05 (GST exclusive)
Index Option Contract (Open/Close)	$0.45 (GST exclusive)
Index Option Contract (Exercise/Assignment)	$0.35 (GST exclusive)
¹ASX Clear fees have been set out on a GST exclusive basis as the total GST may be rounded in accordance with the GST law. Fees and rates are subject to change

CFDs

Market	Currency	Minimum Commission	Commission Rate
Australia	AUD	AUD 10.00	0.10%
UK	GBP	GBP 15.00	0.10%
USA	USD	USD 15.00	2.5 cents per share
France	EUR	EUR 15.00	0.10%
The Netherlands	EUR	EUR 15.00	0.10%
Spain	EUR	EUR 15.00	0.10%
Germany	EUR	EUR 15.00	0.10%
Italy	EUR	EUR 15.00	0.10%
Switzerland	CHF	CHF 15.00	0.10%
Canada	CAD	CAD 15.00	4.0 cents per share
Singapore	SGD	SGD 50.00	0.20%
Hong Kong	HKD	HKD 160.00	0.40%
Japan	JPY	JPY 2400.00	0.10%
CFDs over FX, commodities and indices do not attract a commission, the cost of trading is included in the spread that is offered. CommSec offers competitive spreads on a range of instruments. Please review our Contract Details for minimum spreads. The ASX data feed fee is $88 for professional users. You can turn off ASX data feed at any time from the account area of the platform. Select data feeds and then deselect the ASX feed. If you have any questions, please contact us on 1300 307 853 or +61 2 9115 2990 (from outside Australia). For a complete list of potential fees and charges that may apply to your account, please read our Financial Services Guide (PDF).

Other Fees

Description	Fee*
WebIRESS Software fee¹	A royalty and software fee charged for clients who use our trading platform at a maximum of AUD$40.70 per month (inc. GST)
Platform data fee^1,2	An ASX royalty fee charged at 2.53 cents per minute between 9.30 am and 5.00 pm on weekdays, up to a maximum of AUD$41.25 per month (inc. GST) for live ASX equity prices. Only the software fee is charged if eight or more confirmations are generated for the month. No software fee or data fee is charged if 16 or more contracts are generated for the month. No fees are payable if you elect not to log on to the trading platform during the month
Printing and postage of contract notes	$1.95
Issuer sponsored sale fee³	Up to $10.00 in addition to brokerage
Reprinting and postage of account statements	$10.00 per statement
Reprinting and postage of CHESS statement	$16.50 per stock
Fail fee – buy or option	$100.00 per day
Fail fee – sell	$100.00 per day or 0.1%, whichever is greater
Late settlement fee – Buy or Short Sell	$100
SRN query, rebooking fee	$25.00
Off market transfer fee	$54.00 per transfer
Cheque dishonour fee	$54.00
*All of the above fees include GST ¹No software fee or data fee is charged if 16 or more contract notes are generated for the month. No fees are payable if a client has not logged onto the trading platform during the month. ²No data fee is charged if eight (8) or more contract notes are generated for the month ³Sale of shares not CHESS sponsored with CommSec may incur an additional brokerage charge to cover administration costs. Fees and rates are subject to change