sydney meeting, page-45

I think our shareholders will become "Issuer sponsored holdings" after the merger.

IMO, it is a bit risky to have our shares to be held by our brokers if we do not intend to sell them. Those brokers can lend out our shares to third parties. When the brokers or the third parties are unable to return those shares, it is a real trouble to the shareholders.

I have already opened an Global Market account with Westpac. But as long as the account is empty, there is no Custody fee for inactive accounts.

(Westpac Global Market definition of the inactive account: Custody fees are assessed to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Dividend reinvestment activity is not considered as a trade). [source: https://onlineinvesting.westpac.com.au/media/34837/securitiesblanket.pdf]

My opinions only.