BCS brisconnections unit trusts

effecting an off market transfer

  1. 3,816 Posts.
    I have raised the idea of transferring share ownership to a third party, ideally someone not worth pursuing for money. A derro, for example.

    It might be quite simple to do. The Chess Brochure from the ASX contains the following on page 11:

    "How can I affect an “off-market” transfer?
    If you are sponsored in CHESS and wish to transfer your
    shares to another party “off-market” (perhaps to gift them
    to someone), either:
    • Instruct your CHESS Sponsor to make an off-market
    transfer of the shares to the other party; or
    • Instruct your CHESS Sponsor to convert the shares to
    the Issuer Sponsored subregister. When this is done,
    complete an Australian Standard Transfer form, available
    from the share registry, to effect the transfer from your
    Issuer Sponsored holding.
    For more information, ask your CHESS Sponsor."

    The Australian Standard Transfer form is readily available as a downloadable pdf. You can google or try these sites:

    http://www.gsjbw.com/documents/productsandservices/equityfinance/forms/Australian_Standard_Transfer.pdf

    https://www.baillieu.com.au/UserFiles/File/StandardTransferForm.pdf

    http://registrieslimited.com.au/forms/transfer-form_non-market-transfer.pdf

    http://www.sraa.com.au/forms/form23.pdf

    Good luck, but I can give no indication of the legality of this action, so seek the appropriate advice first.
 
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