A common situation we see at Sell My Shares is when a non-Australian resident still owns Australian listed shares, but faces difficulty in selling them due to their new residential status. Between communicating through different time zones, overcoming identity verification obstacles and trying to obtain the required information, these share sales can often be a challenging task to accomplish.
As specialists in one off share sales, we’re committed to helping both Australians and overseas residents sell their Australian listed shares, no matter how complex the situation.
Overseas Residents will need to provide colour, certified copies of the following documents:
Please note for overseas residents we will only accept documents if they have been certified by one of the following professions:
If you opt to be paid by International Bank Transfer you will also need to complete and return:
1) Our International Banking Form (physically signed)
2) A copy of a recent bank statement that clearly shows your full name and account number(s).
As the leading one off share specialist in Australia, you won’t find a mob who can sell your shares faster! Please note, sales for overseas residents require additional identification and verification checks. The average sale time for overseas residents is 5-7 business days however this can take longer and depends on the timely receipt of appropriate documentation.
Funds from your share sale are transferred to your bank account 3 business days after the shares are sold. For example, if you sold your shares on Monday, your share sale funds will be transferred to your bank account on Thursday.
New Zealand residents can sell Australian shares against our Value Service level of 1.0% of the size of the transaction or $110 minimum, whichever is greater.
Other overseas residents can sell Australian shares against our International Service level of 2.5% of the transaction size or $250 minimum, whichever is greater. The International Service is higher due to the additional labour and administrative costs involved.
The fees are deducted from the sale proceeds after the shares are sold. GST is applied to all fees.
