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Transferring iTG shares
iTG shareholders are currently able to transfer shares to another party by private agreement only. iTG officers are not permitted by law to assist in locating a buyer or negotiating a sale agreement or price.
Qld stamp duty is payable on transfers of shares at the rate of $4.00, plus $0.60 for each hundred dollars or part thereof, based on the sale price or the Stamp Duty Officer's estimate of current value, whichever is the greater. Duty is payable on shares tranferred at no cost, special exemptions may apply. Please click here to request information about possible exemptions or concessions. Be sure to detail your circumstances clearly.
Shareholders selling shares must submit appropriate forms to the Company Secretary, properly completed and signed by both seller and buyer, together with a cheque for the amount of Stamp Duty made payable to iTG Limited. Completed forms and payment should be mailed to The Share Registry Manager, iTG Limited, 2/15 Anthony St., West End QLD 4101, with a stamped self-addressed return envelope enclosed. Your form and payment must be received at iTG's offices within 14 days of the transfer date.
Penalties and additional charges applied by the Stamp Duties Office will be passed on to share sellers, and must be paid within 14 days of advice. Share transfers will not be recorded unless proper documents are lodged and all due payments made in full.
iTG does not charge for assisting with share transfers, but may impose handling costs where sellers impose additional work by not observing requirements in regard to procedures and time frames.
Please click here to download the transfer forms. |