When you sell shares in Australia, the fee is most commonly charged as a percentage of the transaction value, with a minimum amount. The fee is charged separately for each shareholding you are selling.
We provide three service levels; the main difference being the time taken to for us to complete your share sale. The faster we are required to act, the more human involvement there is at our end and therefore the greater the cost.
We cater for a wide range of situations; from simple individually held shares to very complex scenarios. Please note that the more complex scenarios attract a surcharge on top of our normal rates. The surcharge amount is $55, or 0.55% of the transaction size, whichever is greater. This amount comes out of the share sale proceeds, it’s not payable upfront.
This surcharge is applicable if the shares being sold are held by a:
We are usually able to sell ASX listed shares for international citizens or Australian citizens residing overseas. Overseas residents can sell against our International Service level of 2.5% of the transaction size or $250 minimum, whichever is greater. GST is applied to all fees. Any surcharge that might be relevant will be in addition to this service level.
Service is the only fee and is paid from the share sale proceeds. There are no fees payable upfront.
His shares are sold at the best available market price, which is $6.32 per share in this example
The total trade proceeds (number of shares x share price)
This is the amount that is paid to Joe via bank transfer after the fees
2,000
Joe Citizen wants to sell shares in XYZ Limited
His shares are sold at the best available market price, which is $6.32 per share in this example
$12,640
The total trade proceeds (number of shares x share price)
$12,500.96
This is the amount that is paid to Joe after the fees
If it is absolutely imperative that your shares are sold on the same day, we recommend calling us once you have returned your documents.
