Ann: Scheme & General Meeting - Chair address and presentation, page-46

I'm not sure where you got the 1% from. My understanding is it is one half of a _cent_ per share, with a minimum fee of $1. So selling 1000 CREV would have a commission of 1000 * 0.005 = US$5.

https://www.interactivebrokers.com.au/en/pricing/commissions-home.php

And that's not just my reading of the docs, that is approximately my experience. Selling 520 shares earlier this year (in a different company, with a price around $100/share) cost me a commission of US$3.22, which is a little above the expected US$2.60. I'm not sure what accounts for the difference and didn't look into it, but either way, the fee is insignificant.

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https://ibkr.com/referral/patrick4257