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)
Trades requiring settlement through a third party⁴	$99.95 (Up to and including $15,000) 0.66% (Over $15,000)
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)
¹Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction value. For GST rounding reasons, the final brokerage fee may result in a slight variance from the stated or expected charge, which may exceed two cents for large trades. 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. ⁴Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.

CommSec Pocket

Fee Type	Amount
Trade fee (brokerage) when trading through the CommSec Pocket app	$2.00 for trades up to and including $1,000 0.20% of the value of trades above $1,000
Late Settlement Fee	$10.00

If additional services are required through the CommSec website or over the phone then fees will be as outlined under “Shares”.

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 $10,000^1,2
US Exchange Traded Options Note: We are no longer accepting new applications for this product	USD $65.00 or 0.75%, whichever is greater^1,2	USD $1.10 per contract applies to US Option trades
Canada	USD $39.95 or 0.40%, whichever is greater^1,3,4	Taxes and market fees put through at cost
Asia Pacific Japan Hong Kong	USD $39.95 or 0.40%, whichever is greater^1,3,4	Taxes and market fees put through at cost
New Zealand Singapore	USD $39.95 or 0.40%, whichever is greater^1,3,4	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^1,3,4	A stamp duty of 50 basis points may apply to buy trades executed on the LSE
Denmark France Germany Ireland Italy The Netherlands Norway Sweden Switzerland	USD $39.95 or 0.40%, whichever is greater^1,3,4	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. Unless otherwise indicated, where a fee is expressed as a percentage, it refers to a percentage of the transaction value. ²Brokerage is charged on an aggregated (averaged out) basis for trades in the same stock, on the same account, on the same day and in the same direction (buy/sell). That is, brokerage is charged as if a single trade took place combining and averaging out each of these trades. Each such aggregation/combination will attract a separate brokerage charge. ³May be subject to additional local exchange fees. ⁴Brokerage is applied individually for each trade regardless of whether multiple trades in the same stock occur.

Foreign Exchange

Fee Type	Amount
FX Fee on deposit and withdrawal⁵	0.60%
FX Fee per trade	NIL
⁵For trades in currencies to which certain restrictions apply, currency must first be transferred from USD and will incur a small additional spread.

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 accounts⁶	$25.00 per year
Posted trade confirmation fee⁷	$1.80 per trade or trade combination
Posted statement fee	$1.80 per statement
⁶ 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. ⁷ One consolidated trade confirmation document is sent per trade day however the fee is not charged per document sent. Instead it is charged on every trade confirmed in the one document. The exception to this is trades on US Markets where there are multiple trades in the same stock on the same account on the same day and in the same direction. Here these trades are treated as one notional trade and attract only one fee.

Margin Lending

Margin Lending Interest Rates

	Paid Yearly in Advance	Paid Monthly in Arrears
Variable Rate	N/A	5.50% p.a.
1 Year Fixed Rate	5.34% p.a	5.48% p.a.
2 Year Fixed Rate	5.50% p.a.	5.64% p.a.
3 Year Fixed Rate	5.79% p.a.	5.93% p.a.
5 Year Fixed Rate	6.09% p.a.	6.23% p.a.

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	0.10% p.a.	0.05% p.a.
$250,000 - $499,999	0.00% p.a.	0.05% p.a.
$100,000 - $249,999	0.00% p.a.	0.05% p.a.
$50,000 - $99,999	0.00% p.a.	0.05% p.a.
$20,000 - $49,999	0.00% p.a.	0.05% p.a.
$10,000 - $19,999	0.00% p.a.	0.05% p.a.
$5000 - $9,999	0.00% p.a.	0.00% p.a.
$0 - $4,999	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	0.00% p.a.
$250,000 - $499,999	0.00% p.a.
$100,000 - $249,999	0.00% p.a.
$50,000 - $99,999	0.00% p.a.
$20,000 - $49,999	0.00% p.a.
$10,000 - $19,999	0.00% p.a.
$5,000 - $9,999	0.00% p.a.
$0 - $4,999	0.00% 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 Contract 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)
¹ETO Contract 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

Other Fees

Description	Fee*
Printing and postage of contract notes	$1.95
Issuer sponsored sale fee¹	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 ¹Sale of shares not CHESS sponsored with CommSec may incur an additional brokerage charge to cover administration costs. Fees and rates are subject to change