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25/11/23
08:14
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Originally posted by akgo01:
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I think so. Here in Australia, anyone who registers (open an account with a broker) to buy and sell shares is given SRN and HIN. Or in other words, to be able to buy and sell shares here you have to have SRN and HIN.
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It is not the only way though. In my case I bought my shares through an industry superannuation fund. A SRN or HIN is not issued to the fund member as the fund, (as trustee) owns the shares. It means the fund member cannot vote at AGMs. How big is the demographic that falls into this category? Among baby boomers it would be huge, because they pay no capital gains tax if in pension phase.