Sell Australian Shares - Sell My Shares Australia

Sell Australian Shares

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How to Sell Shares in Australia

Do you need to sell shares in Australia? The good news is that selling shares can be a relatively simple process.

To sell shares in Australia you will need to engage a broker or broking service who will sell your shares for you on the share market.

For shares you hold directly, this doesn’t mean that you already need to have a stockbroker or that you need to use an expensive full-service broking firm.

A popular option is to use an online broking service like Sell My Shares that will manage the transaction for you.

Sell Shares Australia

Using an Online Service to Sell Shares in Australia

Sell My Shares is an online platform for selling shares in Australia. It is easy to use and means you don’t have to open a trading account with a broker.

If you hold issuer sponsored shares in an ASX-listed company, Sell My Shares will act as the share registry holder and manage the sale process for you.

To sell shares in Australia, you will need to provide details about the shares you hold, which can be found on your holding statement or dividend statement. The key information you will need to provide when selling shares online includes a holding number (found on the above statements). You will also need to provide some proof of identity.

Using an online service to sell shares typically means the whole process is managed online without the need to email or mail any documentation.

There are however some situations where additional documents may be required.

This is where the shares may be held jointly, in a maiden name, relate to a deceased estate or are part of private companies or trusts.

The Process to Sell Shares in Australia

When you sell shares in Australia, your ownership will be transferred as part of a formal settlement of sale process. This settlement occurs two business day following the trade taking place. Then on the third day your sale proceeds can be sent to you.

Regardless of your specific situation, we can help you with any questions you may have about selling shares in Australia.

Contact us on 1300 722 852 and speak to one of our friendly team members today. We make the process of selling shares simple.