Transfer of securities into your Managed Account Service

If a client wishes to transfer securities into their Managed Account Service it is important to determine:

• What type of security is to be transferred?
• How is the security held?
• What forms need to be completed to transfer the security?

What type of security is to be transferred?

The most commonly held securities are ASX listed securities and Managed Funds.

Cash may also be transferred into your new account, by EFT, BPAY® or cheque deposit into the HSBC account in the application form.

It is important to check with IAS whether the security can be transferred into the Managed Account Service.

For information on this and related matters, please Contact Us and we can provide further assistance.

How is the security held?

ASX Listed Securities can be held in one of two ways: Issuer Sponsored or Broker Sponsored (CHESS).

Issuer Sponsored holdings are

• maintained by the issuer of your holding via the share registry.
• traded through any broker whom you have given permission to access your holding for the purposes of buying or selling shares.
• allocated a Shareholder Reference Number (SRN) prefixed by an 'I' and can be found on your holding statement.

Broker Sponsored holdings are

• maintained on CHESS.
• allocated a Holder Identification Number (HIN). Your SRN will then become your HIN prefixed by an 'X'.

Managed Funds may be held directly with the fund manager or through a Wrap/ Master Trust structure.

NB When transferring managed funds, stamp duty may apply. Managed funds registered in the following states will be charged duty at the following rates.1

All other states are free.

What forms need to be completed to transfer the security?

If you have specific questions about transferring securities into a Managed Account Service, please Contact Us and we can provide further assistance.

1 Rates current as at August 2009