(Note: The guidance below relates to Corporate Messenger accounts with Managing Transactions module activated. For accounts without the module activated see How can I update the Beneficial Owner's name, of Non-Beneficially held shares?)
Question
How can I update the Beneficial Owner's name, of Non-Beneficially held shares?
Answer
Navigate to Menu > Corporate Messenger > Companies > open the Company Profile.
1. Locate the relevant Shareholder's Information and select the pencil icon next to the Beneficial Status field.
2. Enter the Beneficial Owner's name and select the green tick to save changes.
3. Refresh your page to review the change has been successful.
4. Navigate to the Share Summary page to review the updated information. The Beneficial Owner's name will be displayed in the Member Holding Balances section.
Note:
- This editing function will not correct details held by ASIC. If you wish to update the Shareholder name with ASIC please ensure the appropriate 484 Change of Details form is lodged.
- Changes to the beneficial owner will only apply from the date of the edit, backdated documents (e.g. Dividend Statements) will reflect the prior name recorded, if backdated prior to the edit.