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.
If the shareholding is held by a company, trust, SMSF, deceased estate, or Power-Of-Attorney, rather than by an individual or joint holder, additional legal and compliance checks are required. A surcharge of $50 or 0.5% (plus GST, whichever is greater) will apply. 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:
Example 1: For a $10,000 sale, the surcharge is $55.
Example 2: For a $20,000 sale, the surcharge is $110.
Note: We also sell Australian shares (ASX-listed) for clients residing overseas. This service applies to ASX-listed shares only. For selling non-ASX listed international shares, please enquire here.
Overseas residents can sell Australian shares through our International Service for a fee of $250 + GST or 2.5% + GST of the transaction value, whichever is greater. This service costs more than our standard offering due to the additional labour and administrative work involved.
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
*Your shares will be SOLD the same day. Funds arrive 3 business days later (ASX standard settlement).
If it is absolutely imperative that your shares are sold on the same day, we recommend calling us once you have returned your documents.
