A 'share registry' is an organisation which, on behalf of a company, manages the registry of shareholders for that company. The registry has the following responsibilities:
- Recording changes in share ownership
- Issuing shareholding statements
- Manages dividend payments, bonuses and rights issues.
You will need to visit the website of the share registry and make an account, in order to instruct them on what you want to be done with dividends, as well as other corporate actions. Brokers, such as SelfWealth, do not manage this for you.
There are three main share registry companies in Australia, Computershare, BoardRoom Limited and Link Market Services.
To find the share registry for a particular company go to:
www.asx.com.au > Prices and research > Company information > Enter the ticket code > Click on the 'details' tab.