What is Issuer Sponsorship?
A. Issuer Sponsorship replaced share certificates in 1997. Issuer Sponsorship enables shareholders to hold their securities in “paperless” form (like the Clearing House Electronic Subregister System (CHESS) of the Australian Stock Exchange), but without being tied to a particular broker. However, unlike CHESS, shareholders cannot hold securities in different companies under the one identifying holder number. Your SRN typically begins with the letter “I” (which may look like the numeral “1” in some fonts). Instead of receiving share certificates, holders receive holding statements (again, like CHESS) which show all details and movements (purchases, sales and other transactions). Statements are issued when you first become a holder and are dispatched within 5 business days of the end of any month in which transactions occur. One of the important things to remember about Issuer Sponsorship is that your security holder reference number (SRN) should be treated like a bank account PIN and no
A. Issuer Sponsorship replaced share certificates in 1997. Issuer Sponsorship enables shareholders to hold their securities in “paperless” form (like CHESS), but without being tied to a particular broker. However, unlike CHESS, shareholders cannot hold securities in different companies under the one identifying holder number. Your SRN typically begins with the letter “I” (which may look like the numeral “1” in some fonts). Instead of receiving share certificates, holders receive holding statements (again, like CHESS) which show all details and movements (purchases, sales and other transactions). Statements are issued when you first become a holder and are dispatched within 5 business days of the end of any month in which transactions occur. One of the important things to remember about Issuer Sponsorship is that your Security holder Reference Number (SRN) should be treated like a bank account PIN and not disclosed to third parties (except when authorised by you for a particular purpose
