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UK Resident Selling National Australian Bank Shares

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WeeMo
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UK Resident Selling National Australian Bank Shares

#434620

Postby WeeMo » August 13th, 2021, 7:17 pm

Hi,

First time poster so sorry if I miss any forum etiquette.

I am a UK resident. I own shares registered with ComputerShare in AUSTRALIA. Only circa £2000GBP

I have been informed that computershare in Australia cannot sell these as I am a non Australian resident.

I found a number of brokers in the UK who can sell them and it seems natural to me that they have asked for the shares to be transferred to them (so they can sell them).

However I have asked Computersahre to do this, and they have informed me that
"Computershare is unable to transfer securityholdings to or from a broker (CHESS)"

Does anybody know where I can start with this?

Would be very grateful.

Thanks

scrumpyjack
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Re: UK Resident Selling National Australian Bank Shares

#434623

Postby scrumpyjack » August 13th, 2021, 7:30 pm

Maybe you can open an account with Computershare UK and have them transferred there, then sell them

https://www.computershare.com/uk

monabri
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Re: UK Resident Selling National Australian Bank Shares

#434635

Postby monabri » August 13th, 2021, 8:22 pm

Interactive Investor ( not to be confused with Interactive Brokers) seem to allow trading in Aus market. Maybe they could be transferred to them? Downside, £9.99 per month to join but you would have a free trade every month. Then close after the shares are sold.

https://www.ii.co.uk/investing-with-ii/ ... rkets#what

https://www.ii.co.uk/investing-with-ii/ ... tralia#how

WeeMo
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Re: UK Resident Selling National Australian Bank Shares

#435066

Postby WeeMo » August 16th, 2021, 9:50 am

Thanks. Will ask.

WeeMo
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Re: UK Resident Selling National Australian Bank Shares

#435067

Postby WeeMo » August 16th, 2021, 9:51 am

Hi Interactive Investor can and do trade in Aus.

However Computershare in Aus claim that they cant transfer the shares to them. No idea why not

Thanks

WeeMo
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Re: UK Resident Selling National Australian Bank Shares

#435583

Postby WeeMo » August 18th, 2021, 9:05 am

Hi,

Really struggling to find a broker in the UK who can accept and sell AUS shares. Interactive Investor and Computershare CANNOT.

Does anybody have any ideas?

Morgan

GrahamPlatt
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Re: UK Resident Selling National Australian Bank Shares

#435585

Postby GrahamPlatt » August 18th, 2021, 9:11 am

I’d try Interactive Brokers next. They seem to be the go-to for properly international dealing (from what I’ve read on here - no personal experience).


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