New HIN accounts
When you open an account with a new HIN (not a HIN transfer), dividend payments default to your client's
Selfwealth ANZ cash account.
If your client doesn't want dividends paid into their Selfwealth ANZ cash account, submit a 'Change of
Dividend Income Direction' form to adviserservices@selfwealth.com.au. We'll update the share registries on
your client's behalf with their preferred option:
• Pay dividends into the client's external nominated bank account registered with Selfwealth
• Self-managed: the client updates their dividend direction directly with the share registries
HIN transfers
During the application process, you'll be presented with two options:
• Elect to have dividends paid into the Selfwealth ANZ cash account. Selfwealth will automatically update
the share registries, overwriting any previous dividend payment instructions.
• Do not elect to have dividends paid into the Selfwealth ANZ cash account. Your client's existing dividend
payment instructions remain in effect. Update dividend details directly with the relevant share registries at any
time or submit a 'Change of Dividend Income Direction' form to adviserservices@selfwealth.com.au.
Finding the correct share registry
Visit www.asx.com.au, search for the stock code, and find the share registry contact details at the bottom of
the stock's page.
Updating bank details directly with the share registry
If you update details via the share registry portal, the change applies only at the share registry level. The
registry will notify your client by email or post, and Selfwealth won't be aware of the change. Always notify
Selfwealth when you make updates at the share registry to keep your client's account details aligned.
Dividends for new stock purchases after a registry update
If you originally nominated the Selfwealth ANZ cash account, dividends for new stock purchases will still
default to that account. Let Selfwealth know about any registry updates to ensure consistent dividend
payment instructions across all holdings.
If you selected 'No' during a HIN transfer, Selfwealth has no dividend payment details on record and won't
provide bank details to share registries for new stock purchases. To direct dividend payments correctly:
• Update your client's dividend payment details directly with the relevant share registries, or
• Submit a 'Change of Dividend Income Direction' form to adviserservices@selfwealth.com.au and we'll update
the registries on your behalf.
Updating dividend details
Dividend payment details can be updated at any time via the share registry portals or by contacting the share
registries directly. Your client will receive a notification from the share registry confirming when an update has
been completed.
Existing Dividend Reinvestment Plan (DRP) elections are not affected by updates to dividend payment
instructions.