Q&A

Question: How do I inform ASIC that I have sold or bought shares?

A company must keep a record of who owns shares in the company and the number of shares owned by that member. A private company issuing new shares must notify ASIC, they must also inform ASIC of any new members details (relating to the top 20 members). The company secretary will notify ASIC using a Form 484 for these matters. Form 484 can also be used to update ASIC relating to a number of matters. Purchasing and being given shares can also have stamp duty implications of which you should also be aware.