Off-market transfers of securities between parties without using a stockbroking firm as the intermediary are executed through the use of a Transfer Form for Non-Market Transactions(PDF). Off-market transfers of securities held on the CHESS sub-register are effected electronically through CHESS. The form is not required for transfers through CHESS. For this type of transfer you will need to go through your stockbroker.
Off-market transfers are usually private arrangements between family members or transfers from deceased estates. To obtain an 'Australian Standard Transfer Form' please contact the share registry of the company whose shares you wish to transfer. For advice on completing the form please consult your stock broker or financial planner.
There is no stamp duty payable on share transactions throughout Australia.
ZYB Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held