Sell Australian Shares from Overseas

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Selling Australian Shares Held by an Overseas Resident

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 burdensome 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.

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How to Sell ASX Shares Held by an Overseas Resident

Overseas Residents will need to provide colour, recently certified copies of the following documents:

  • Passport and Driver’s License; AND
  • Recent Utility Bill and Bank statement showing their current residential address

Please note for overseas residents we will only accept documents if they have been certified by one of the following individuals:

  • An Australian Consular Officer or an Australian Diplomatic Officer; or
  • A Notary Public; or
  • A Commissioner of Oaths
These certified copies can then be emailed through to us at [email protected].
 
Aside from the extra identification steps above, the usual share sale process applies.
 

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).

How Long Does it Take to Sell Australian Shares Held by an Overseas Resident?

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 can take additional time and compliance requirements to process, the average sale time for overseas residents is 5-7 business days.

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.

 If you wish to have your share sale funds transferred to a non-Australian bank account, you will need to complete and return our International Banking Form.

 

How Much Does it Cost to Sell Australian Shares Held by an Overseas Resident?

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 1.5% of the transaction size or $150 minimum, whichever is greater. The International Service is higher due to the additional labour and administrative costs involved.

The brokerage fees are deducted from the sale proceeds after the shares are sold. GST is applied to all fees.