For more information concerning
the effect of the Goods and Services Tax (GST) on brokerage
rates and our other services, please refer to our GST
Update
Note: All prices quoted
below are inclusive of GST.
Brokerage Rates and Discounts
for Online Trades
| |
Base Brokerage
rate per trade* |
Brokerage
Discount** |
Effective Minimum
Brokerage Rate |
| CHESS eligible securities |
| Premium Service customers |
| First 5 trades per month |
$27.45 or 0.11% |
n/a |
$27.45 |
| 6th and subsequent trades
per month |
$27.45 or 0.11% |
$5.50 |
$21.95 |
| Professional Service customers |
| First 5 trades per month |
$27.45 or 0.11% |
n/a |
$27.45 |
| 6th and subsequent trades
per month |
$27.45 or 0.11% |
$11.00 |
$16.45 |
| Other types of trades |
| ASX Exchange Traded Options |
$38.45 or 0.55% |
n/a |
$38.45 |
|
*Subject to
order size limit - see below.
**Conditions apply to brokerage discounts
- see below. |
Brokerage Discounts
From 1 July 2000, Sanford customers will enjoy lower prices
immediately for their 6th and subsequent trades in any one
month. This means clients do not have to wait for their rebates
at the end of the month.
Premium clients receive a $5.50 discount on the base brokerage
rate for the 6th and subsequent trades per month.
Professional clients receive a $11.00 discount on the base
brokerage rate for the 6th and subsequent trades per month.
To be eligible for these discounts, the following conditions
must apply:
- Trades must be placed online,
- Trades must be for CHESS eligible
securities, and
- We must have a signed Straight
Through Processing (STP) Activation Agreement for your account
by no later than the end of the month.
To obtain a Straight Through
Processing (STP) Activation Agreement please proceed to the
STP Activation page
of our website.
Brokerage Rates
for Telephone Trades
| |
Base brokerage rate per trade* |
| CHESS eligible securities |
| Premium Service customers |
$43.95 or 0.11% |
| Professional Service customers |
$43.95 or 0.11% |
| Other types of trades |
| ASX Exchange Traded Options |
$43.95 or 0.55% |
| Margin Loan accounts |
$43.95 or 0.11% + $27.50 administration
fee |
| Issuer Sponsored Shares (SRN) |
$54.95 or 0.11% |
|
*Subject to
order size limit - see below.
|
Order Size Limit
Orders up to the value of $100,000 may be placed online or
over the phone. However, only orders up to the value of $50,000
will be placed direct to market using our Straight Through
Processing system. Orders with a value greater than $50,000
will be referred to a Designated Trading Representative (DTR)
for authorisation before being placed to market.
Other Costs
| Email of Contract Notes |
Free |
Stamp Duty for Securities
(when applicable) |
15
cents for every $100 traded
or part thereof* |
Off Market Stamp Duty for Securities
(when applicable) |
30
cents for every $100 traded
or part thereof* |
Options Clearing House fees
(for Exchange Traded Options) |
$1.12
per contract** |
| Order Amendments |
Free |
| Order Cancellations |
Free |
| Premium Service account |
Free |
| Professional Service account |
$75.90 per month |
| Off Market Transfers |
$55
per stock + applicable Stamp Duty |
Fail Fees
(Failure to settle sale trade within
the required time) |
$55
or 0.11% per day |
SRN (Issuer Sponsored Shares)
registry request |
$16.50 |
| Stop Payment on Cheques |
$16.50 |
| Dishonoured Cheques |
$16.50 |
|
*Stamp duty
is a charged imposed by the State Government that we
collect from you
based on the value of the transaction
and forward to the relevant State Government.
**An Exchange Traded Option contract is
a contract to buy or sell underlying securities
in a predetermined quantity, usually of
1000 units, at a predetermined price on,
or before, a predetermined date.
|
|
