What is computershare.com.au?

intesting to note that commsec's cash rate is 5.5%, that is higher than the NetSaver account.

Commsec and Bell Direct, I use them both.

Which ever it doesnt really matter, depends on your trading strategy I guess, if you are doing lots of trades maybe Bell is better because the trades are cheaper, although Commsec will reduce your trade price if you ask...

warakawa said:

intesting to note that commsec's cash rate is 5.5%, that is higher than the NetSaver account.

Click to expand...

If you ring an telephone advisory broker you can ask for advice, eg.
"Should I buy penny-dreadfuls or blue chip?"

He'll tell you Blue Chip, of course!! BHP RIO 4 major banks CBA NAB WBC ANZ 2 major retailers WOW WES and QBE.
Because he knows almost nothing about penny-dreadfuls. (and for sound reasons)

"I'll take a few of each"
Goody, that'll be 9 times $75 per trade plus GST, Ker...Ching

If you should ring and ask for BHP you've done his work for him and it's still $75 plus GST

Anyway glad to hear you are with an online broker!

lol, why would you assume anyone here would use telephone brokerage? Everyone here that post are at least a little bit internet savvy.

Question on Computershare for a newbie

Ok I am signed with commsec with all my trading. Under the CHESS arrangement.

I have recieved letters from the company's I have purchased about registering my shares with computer share...

Question is what is computer share, and is it absolutely necessary that register?

Or can I disregard ?

Thanks

Re: Question on Computershare for a newbie

Mickhartnett87 said:

Ok I am signed with commsec with all my trading. Under the CHESS arrangement.

I have recieved letters from the company's I have purchased about registering my shares with computer share...

Question is what is computer share, and is it absolutely necessary that register?

Or can I disregard ?

Thanks

Click to expand...

Computershare is a share registry.

If you have bought your shares through Commsec and your HIN (holder Identification Number) is on the contract note then your shares will be automatically registered with the relevant share registry. It is usually Computershare or Link Market Services. (There are others too but these are the main two)

If the above is in place and your stock is with the Computershare registry then they will send out documents for you to fill in. You should fill out all of the info required because if you don't they might start taking out with-holding tax and you could get dividend cheques in the mail which is a slower process. It is better to give them all your details so they can bank your dividends immediately into your bank account and not take out with-holding tax. You can also set up communications via email. For example, they can alert you when the Annual Report is available for download. In the old days we use to get 1 inch think annual reports in the mail. What a waste of paper, it's far easier and quicker online and better for the environment too.

Note: You can apply for a Computershare account online and once setup you can enter all those details online. In my opinion it is better to be totally paperless and all electronic, hope that helps.

Re: Question on Computershare for a newbie

Mickhartnett87 said:

Ok I am signed with commsec with all my trading. Under the CHESS arrangement.

I have recieved letters from the company's I have purchased about registering my shares with computer share...

Question is what is computer share, and is it absolutely necessary that register?

Or can I disregard ?

Thanks

Click to expand...

Commsec is a broker and CHESS sponsor.

CHESS (Clearing House Electronic Subregister System) is the computer system used by the Australian Securities Exchange to record shareholdings and manage the settlement of share transactions.

Computershare and Link are share registry's that are employed by Listed company's to manager their share holder communications etc.

Disregarding shareholder communications could cost you a lot of money.

Re: Question on Computershare for a newbie

Mickhartnett87 said:

Ok I am signed with commsec with all my trading. Under the CHESS arrangement.

I have recieved letters from the company's I have purchased about registering my shares with computer share...

Question is what is computer share, and is it absolutely necessary that register?

Or can I disregard ?

Thanks

Click to expand...

Hi Mick,

You've probably misunderstood the letters. It's not about you registering your shares with Computershare. Companies outsource the management of their register of shareholders to professional outfits, such as Link or Computershare. These service providers handle all dealings between company and holders. And the less postage and paperwork they have to expend, the better it is for the company - and ultimately for you, as a part-owner.
It makes good business sense for you to register your HIN with someone like Computershare. Then you can keep your contact details, email address, bank connections, Tax File Number ... updated without the need to write and mail letters. Where available, company dividends will also be paid by bank transfer into your nominated account.
Many brokers will actually provide those crucial data - bank connection TFN, postal address - to the Registry. Check with Commsec, maybe they do too. That would leave only the email address and kind of information you want to receive - usually found under the "Communication" option.

In summary: Do yourself a favour and set up a login for your HIN with every relevant Registryl That way, you stay in control how closely you wish to remain in contact with each company you hold shares in.

Re: Question on Computershare for a newbie

Mickhartnett87 said:

Question is what is computer share, and is it absolutely necessary that register?
Or can I disregard ?

Click to expand...

The shorthand way to think about this is to rephrase your question as "I have become a part owner in a business, and now that business would like to know all my contact details and how to pay me my share of the profits in a tax-effective way. Should I tell them?".

As others have said, Computershare (et al) is just who they've outsourced the writing of envelopes and licking of stamps to. It's really your investment doing the asking.