www.esuperfund.com.au

IPOs


 
 
IPOs

Clients of ESUPERFUND can invest in Initial Public Offerings (IPOs) for Companies that are to be Publicly Listed on the Australian Stock Exchange (ASX).

An IPO or “Float” as they are sometimes referred to is where you buy shares from a company itself when shares are offered to the public for the first time through an initial public offer (IPO). These shares can either be purchased directly from the company or via a broker.

If you have participated in or are interested in IPO’s or a “Float” it is important to note that when completing the application form the details you enter on the IPO match the SMSF registration details held with your current SMSF Broker (ie CommSec or EBROKING).

When a Self Managed Super Fund (SMSF) purchases shares through an IPO it is done so in the name of the SMSF and includes the Corporate Trustee and/or Individual Trustees details.

For Example:

Where your SMSF has a Corporate Trustee the details that should appear on the application form are as follows:

John Smith Pty Ltd
<Smith Superfund A/C>

Where your SMSF has Individual Trustees the details that should appear on the application form are as follows:

Mr John Smith & Mrs Jane Smith
<Smith Superfund A/C>

 
 
What happens if the details do not match?

Depending on the details that are incorrectly appearing on your IPO or Issuer Sponsored statement you may be able to change this directly with the Share Registry. Each company listed on the Australian Securities Exchange (ASX) has its own Issuer Sponsored Sub-register for the registration of shares in that company (ie Share Registry). The details of the Share Registry that your IPO is held with can be located on the offer document or Issuer Sponsor Statement you have received.

If the details entered on your IPO do not match your SMSF registration details as described above then you will be required to correct these details by completing an Off Market Transfer Form with CommSec or EBROKING.

 
 
CommSec

By completing the CommSec Off Market Transfer Form you will be able to correct any registration discrepancy details you have between the Initial Public Offering and your SMSF registration. In addition to completing this Off Market Transfer Form your share holdings will appear under your Share Trading Account (in order to sell shares online they must be CHESS sponsored).

It is important to ensure that the account details to purchase the Initial Public Offering match your SMSF Registration details to avoid any future ATO compliance Issues.

A separate Off Market Transfer Form will need to be completed for each stock you wish or need to transfer.

To download the form log into your CommSec account and navigate to Support -> Forms & Brochures -> Shares -> Off Market Transfer form.

Complete the form and post to:

CommSec - Conversions
Locked Bag 22
Australia Square
NSW 1215

Transfer fee

A fee of $54 is payable for each different stock transferred. The fee will be automatically debited from the bank account linked to your CommSec Trading account.

 
 
EBROKING

By completing the EBROKING Off Market Transfer Form you will be able to correct any registration discrepancy details you have between the Initial Public Offering and your SMSF registration. In addition once you have to completed the Off Market Transfer Form your share holdings will appear under your Share Trading Account (in order to sell shares online they must be CHESS sponsored).

It is important to ensure that the account details to purchase the Initial Public Offering match your SMSF Registration details to avoid any future ATO compliance Issues.

A separate Off Market Transfer Form will need to be completed for each stock you wish or need to transfer.

To download the form log into your EBROKING account and navigate to Support -> Contact Us -> Forms -> Off Market Transfer Form.

Complete the form and post to:

EBROKING – Broker Services
GPO Box 5351
SYDNEY NSW 2001

Transfer fee

A fee of $55 is payable for each different stock transferred. The fee will be automatically debited from the bank account linked to your EBROKING Trading account.

 
 
How do I transfer Issuer Sponsored shares (from an IPO or Float) over to CHESS with CommSec?

There are four methods for transferring issuer sponsored shares held with the share registry into your CommSec Trading account.

Please note: The shares you wish to transfer must have identical registration details to your CommSec trading account. If registration details differ by even one character, such as 'Ms' instead of 'Mrs', your transfer will be unsuccessful.

Online

You can complete the transfer by logging into your CommSec Trading account and navigating to Portfolio -> Accounts -> Transfers.

Post

Download an Issuer to CHESS Transfer Form from the website by logging into your account and navigating to Support -> Forms & Brochures -> Issuer Sponsored Holdings to CHESS form .

Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement so CommSec can consolidate your holdings. Ensure that all shareholders sign the 'Agreement' section at the bottom of the form, then post the completed and signed form to:

CommSec - Conversions
Locked Bag 22
Australia Square NSW 1215

Fax or email

Download an Issuer to CHESS Transfer Form from the website by logging into your account and navigating to Support -> Forms & Brochures -> Issuer Sponsored Holdings to CHESS form.

Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement so CommSec can consolidate your holdings. Ensure that all shareholders sign the 'Agreement' section at the bottom of the form, then fax to (02) 9280 7023 or email shares@commsec.com.au.

Transfer fee

There is no fee to transfer Issuer Sponsored Holdings to CHESS Sponsorship for CommSec.

 
 
How do I transfer Issuer Sponsored shares (from an IPO or Float) over to CHESS with EBROKING?

There are three methods for transferring issuer sponsored shares held with the share registry into your EBROKING trading account.

Please note: The shares you wish to transfer must have identical registration details to your CommSec trading account. If registration details differ by even one character, such as 'Ms' instead of 'Mrs', your transfer will be unsuccessful.

Post

Download an Issuer to CHESS Transfer Form from the website by logging into your account and navigating to Support -> Contact Us -> Forms -> Issuer Sponsor to CHESS Form.

Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement so EBROKING can consolidate your holdings. Ensure that all shareholders sign the 'Client Agreement' section at the bottom of the form, then post the completed and signed form to:

EBROKING – Broker Services
GPO Box 5351
SYDNEY NSW 2001

Fax & Email

Download an Issuer to CHESS Transfer Form from the website by logging into your account and navigating to Support -> Forms & Brochures -> Issuer Sponsor to CHESS Form.

Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement so we can consolidate your holdings. Ensure that all shareholders sign the 'Agreement' section at the bottom of the form, then fax to (02) 9221 9364 or email brokerservices@ebroking.com.au.

Transfer fee

There is no fee to transfer Issuer Sponsored Holdings to CHESS Sponsorship for EBROKING.