CommSec

Financial
Services Guide
Issue Date: 24 May 2023
x2 | CommSec Financial Services Guide

This Financial Services Guide has been provided to you by Commonwealth Securities Limited ABN 60 067 259 399
AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN
48 123 123 124 AFSL 234945, and Share Direct Nominees Pty Limited ABN 56 006 437 065 (Share Direct) as
Authorised Representative (Ref: 274819) of CommSec.
CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear
Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

Contact Details: Locked Bag 22, Australia Square, Sydney NSW 1215.
Contents
1 Part One 8 Part Two
1 Important Information 8 Important information
1 Financial Services Guide 8 Financial Services Guide
1 Other documents you may receive from us 8 Trading in Australian listed shares
1 Who are we? and derivatives

2 What financial services and products 9 Trading in Australian listed shares

do we offer? and derivatives - ESUPERFUND

3 What is general advice? 10 Trading in ETFs using the

CommSec Pocket App
3 How do you obtain our services?
10 Other fees and charges
3 Research tools and market news
11 CommSecIRESS Platform and
3 How can you transact with us? additional service fees
3 If we previously provided you with 11 International listed shares, other
personal advice securities and derivatives
3 How do you pay for our services?
4 How are we remunerated for the services
we provide?
4 Initial commissions paid to CommSec
4 Ongoing commissions paid to CommSec
5 How are our representatives remunerated?
5 Associations with related product issuers
5 Referrals between CommSec and
CBA companies
6 Remuneration that may be received by
associated parties third party agreements
6 How is my customer information dealt with?
7 What should I do if I have a complaint?
7 Professional indemnity insurance
1 | CommSec Financial Services Guide

Part One
IMPORTANT INFORMATION
FINANCIAL SERVICES GUIDE
The purpose of this Financial Services Guide (“FSG”) is to provide you with information about our
financial products and services to help you decide whether to use Commonwealth Securities Limited
and Share Direct Nominees Pty Ltd (“CommSec”, “Share Direct”, “we”, “us” or “our”).
This FSG provides you with information about:
• Our name and contact details;
• The financial services we are authorised to provide and the financial products to which those
services relate;
• The cost of any services that we provide;
• Any commissions or other benefits that we, or any relevant person, may be paid in relation to the
financial services we offer;
• Any relationships we have with any other related companies or organisations affiliated with us which
might influence us in providing financial services to you;
• Our Privacy Statement; and
• Details of our internal and external complaints handling procedures and how you can access them.

The list of specific fees and charges is set out in Part Two of this FSG.

OTHER DOCUMENTS YOU MAY RECEIVE FROM US

Product Disclosure Statement
If we offer to issue or arrange for the issue of certain financial products to you we will provide you with
a Product Disclosure Statement (“PDS”). The purpose of the PDS is to set out information about the
particular product including, but not limited to: the features, benefits, fees and risks associated with
that product to assist you in making an informed decision. For example, you may receive a PDS if you
wish to deal in Exchange Traded Options. A PDS is not required for securities products (share trading).

WHO ARE WE?

CommSec ABN 60 067 259 399 AFSL 238814 is a wholly owned but non-guaranteed subsidiary
of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“CBA”) and a Market
Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty
Limited and a Settlement Participant of ASX Settlement Pty Limited.
Share Direct ABN 56 006 437 065 is a wholly owned but non-guaranteed subsidiary of CommSec and
is an Authorised Representative of CommSec (Ref: 274819).
Any financial services offered to you will be provided by CommSec, or by Share Direct as an authorised
representative of CommSec. Other CBA entities may also provide you with financial services and products.
 CommSec Financial Services Guide | 2

WHAT FINANCIAL SERVICES AND PRODUCTS DO WE OFFER?

CommSec offers financial services and products to retail and wholesale clients.
CommSec is authorised to:
• Provide general financial product advice for the following classes of financial products:
- Securities
- Derivatives
- Managed investment schemes including investor directed portfolio services
- Deposit and payment products
- Foreign exchange contracts
- Standard margin lending facilities.
• Deal in a financial product by issuing, applying for, acquiring, varying or disposing of derivatives
and securities.
• Deal in a financial product by applying for, acquiring, varying or disposing of a financial product on
behalf of another person in respect of:
– Securities
– Deposit and payment products
– Derivatives
– Interests in managed investment schemes including investor directed portfolio services
– Standard margin lending facilities
– Foreign exchange contracts
• Make a market for:
– Derivatives
• Provide custodial and depository services

CommSec’s product offering includes, but is not limited to:

– Share trading
– Options trading
– International trading
– CommSec Pocket

CommSec only offers general advice.

Margin Lending Facilities are available to clients and are provided by CBA and administered by CommSec.
For further details in relation to this offering, refer to CBA’s Margin Loan Product Disclosure Statement.
CommSec also promotes CBA cash facilities including the Commonwealth Direct Investment Account
(“CDIA”).
Share Direct is authorised by CommSec to provide custodial or depository services for financial
products offered or arranged by CommSec or in which CommSec is otherwise involved.
3 | CommSec Financial Services Guide

WHAT IS GENERAL ADVICE?

Any information you receive from CommSec or Share Direct will be factual or provided on a general
advice basis. This means any information you receive in relation to any of our products or services, will
not have any regard to your individual circumstances, objectives or needs.
If you require specific financial advice or support, you will need to seek and engage a Financial Adviser.

HOW DO YOU OBTAIN OUR SERVICES?

• Call CommSec on 13 15 19
• Visit: www.commsec.com.au
• By post at: Locked Bag 22, Australia Square NSW 1215

RESEARCH TOOLS AND MARKET NEWS

CommSec prepares and publishes market commentary via a range of mediums on a general advice
basis (that is, where it contains financial product advice, the advice is general advice). CommSec also
sources research, research/portfolio management tools and market news from a number of third party
providers. Any research material/research tool or other third party material made available to you via
CommSec’s website or other medium, is provided for information purposes only and is made available
on a general advice basis (that is, where it contains financial product advice, the advice is general advice).
Prior to making any investment decision you should consider all warnings, disclaimers and qualifications.

HOW CAN YOU TRANSACT WITH US?

You can give us instructions via multiple channels including phone, website, mobile app or other platforms.
If you have a CommSec Pocket account, you can also place orders or give instructions via the CommSec
Pocket app or the CommBank Mobile app.
Orders in relation to securities will be executed in accordance with our Best Execution Statement.
A copy of our Best Execution Statement is available at www.commsec.com.au.

IF WE PREVIOUSLY PROVIDED YOU WITH PERSONAL ADVICE

If we previously provided you with personal financial product advice, you may have been issued a
number of documents. We keep records of all documents and personal advice.
You may request a copy of the record of advice we keep. Any request must be made within 7 years of
the provision of such advice and identify the Financial Adviser who provided the personal advice.

HOW DO YOU PAY FOR OUR SERVICES?

Part Two of this FSG details the list of fees or charges you will pay for using our services.
This information is current at the date of publication.
Unless otherwise indicated, prices shown in this FSG are in Australian Dollars (A$) and include
applicable GST.
 CommSec Financial Services Guide | 4

HOW ARE WE REMUNERATED FOR THE SERVICES WE PROVIDE?

CommSec receives brokerage, commissions, fees and charges for the provision of its product and services
offering. With certain products, CommSec may also be remunerated by product providers, including
CBA and third party providers by way of commissions. Where permitted by law, CommSec may also
receive commissions where it refers you to other financial services providers or product issuers (and vice
versa), or receive fees or other incentives by making initial public offerings available to our customers.
Share Direct is not separately remunerated for the custodial services it provides. Share Direct will have a
right to be reimbursed for costs it incurs in selling any securities or financial products held in custody if
such a sale is permitted under the terms of the relevant financial product (such costs would primarily be
comprised of brokerage charged by third parties, which may include CommSec).

INITIAL COMMISSIONS PAID TO COMMSEC

Initial commissions may be a one off payment and are calculated as a percentage of the funds you have
invested. They may be deducted from the amount invested. Initial commissions may be calculated as follows:
• Investment products – between 0% and 6.5% of your investment amount.
• Insurance products – between 0% and 30% of the premium that you pay.

ONGOING COMMISSIONS PAID TO COMMSEC

Ongoing commissions (sometimes referred to as trailing commissions) may be paid for the length of
time you hold the product. They are usually paid directly to CommSec by the product provider out of the
revenue the product provider earns. In some cases, they may be deducted from your investment.
Ongoing commissions may be calculated as follows:
• Investment products – between 0% and 1.4% of the investment amount.

Example
Assume that you invested $10,000 in an investment product and maintained that investment.
If CommSec charged an initial commission of 2% and received an ongoing commission of 0.5% from
the product provider, then:
• CommSec would receive $200 as an initial commission; and
• CommSec would receive $50 per annum as an ongoing commission.
In these cases, we will disclose any such remuneration arrangements when we arrange any investment
for you.

Specialist Service Providers

CommSec may receive referrals from other third party referrers. CommSec may pay a commission of up
to 50% of any revenue generated by such referrals.
5 | CommSec Financial Services Guide

HOW ARE OUR REPRESENTATIVES REMUNERATED?

Our employees are remunerated by salary that includes superannuation benefits from CommSec or the
CBA and do not directly receive any commissions or fees. They may be eligible for a discretionary bonus
payment relating to their overall performance during the year.
Bonus payments are based on employee performance and a formal assessment process that involves
the consideration of a range of factors and benchmarks including but not limited to:
• Business
• Customer
• People
• Productivity
• Risks
Our employees may also be eligible to:
• A share in incentives (both monetary and non-monetary) for outstanding service;
• Receive a payment as a result of managing / distributing a capital raising offer on behalf of an Issuer;
• Receive a free grant of CBA shares under the CBA’s Employee Share Acquisition Plan; and/or
• Receive indirect benefits including such things as business lunches, tickets to sporting and cultural
events (including overseas study tours), corporate promotional merchandise and other similar benefits.

ASSOCIATIONS WITH RELATED PRODUCT ISSUERS

As a wholly owned subsidiary of CBA, CommSec may deal in products provided by a CBA related entity
or we may refer you to a CBA related entity.
The custodial or depository services provided by Share Direct will involve offers arranged by CommSec
or in which CommSec is otherwise involved. Those offers may include offers of financial products by CBA.

Referrals between CommSec and CBA Companies

Should you take up a product as part of a referral to any CBA related entity, CommSec may receive a
commission of up to 100% of the revenue generated by any fees or premiums you pay to them.
Should you take up a product as part of a referral to CommSec from a CBA related entity, CommSec
may pay them a commission of up to 100% of any revenue generated by fees or premiums you pay to
CommSec.
 CommSec Financial Services Guide | 6

REMUNERATION THAT MAY BE RECEIVED BY ASSOCIATED PARTIES

THIRD PARTY AGREEMENTS
CommSec has agreements with a number of Australian Financial Services Licensees allowing them
to provide a broking service to their clients through CommSec. Under these third party agreements,
CommSec receives brokerage for the provision of these services. Refer to the table ‘Trading in Australian
listed shares and derivatives - ESUPERFUND’ in Part Two of this FSG. In addition, commission may be
paid to the Australian Financial Services Licensee. Refer to pages 8 to 12 for brokerage details.
Other third party referrers (not part of CommSec or CBA) may also receive benefits from CommSec for
referrals by them which results in product sales in respect of the following product (and vice versa):

Product Commission Range

CommSec Share Trading Account Up to $200

HOW IS MY CUSTOMER INFORMATION DEALT WITH?

At CommSec, the privacy of your personal information is important to us. We collect your personal
information to ensure we are able to provide you with the products and services outlined within this FSG.
Telephone conversations with CommSec may be recorded for quality control and educational purposes.
CommSec has adopted the principles set out in the Privacy Act 1998 (Cth) as part of our continuing
commitment to client service and maintenance of client confidentiality.
Further details are contained in the terms and conditions for each product.
Please also refer to our Privacy Statement at www.commsec.com.au or ask your CommSec
representative for a copy.
7 | CommSec Financial Services Guide

WHAT SHOULD I DO IF I HAVE A COMPLAINT?

We try to get things right the first time, but if we do not, we will do what we can to fix it. You can fix
most problems simply by talking to us. If you are not satisfied with the service or advice you receive from
us, you are entitled to complain. We have established procedures to ensure your complaint is handled
fairly.
To save yourself valuable time, please ensure you have gathered all relevant facts and documents supporting
your complaint, think about the questions you want answered and decide what you want us to do.
Next, contact the department that handled the matter and explain the problem. A quick call is all that
is required to resolve most issues. If you are unsure which department to contact, please call CommSec
on 13 15 19.
If your complaint is not satisfactorily resolved within 3 business days after you first notified us, please
put your complaint in writing addressed to CBA Group Client Relations:
Call: 1800 805 605 (or +61 2 9687 0756 from overseas)
Email: www.commbank.com.au/feedback
Mail: CBA Group Customer Relations
Reply Paid 41,
Sydney NSW 2001

If, after giving CBA Group Client Relations the opportunity to resolve your complaint, you feel we have
not resolved it satisfactorily, you may also lodge a written complaint with the Australian Financial
Complaints Authority (“AFCA”). AFCA provides a fair and independent dispute resolution service which
is free for customers to access. It is important you raise your concerns with us first before going to
AFCA, as AFCA will generally encourage this before they will investigate:
For further information please contact AFCA at.
Online: www.afca.org.au
Email: info@afca.org.au
Phone: 1800 931 678 (free call)
Mail: Australian Financial Complaints Authority
GPO Box 3, Melbourne VIC 3001

PROFESSIONAL INDEMNITY INSURANCE

CommSec is required to maintain adequate Professional Indemnity (“PI”) insurance cover for the nature
and size of its business at all times. CommSec’s PI policy covers any eligible claim made in relation to
the provision of financial products and services to clients.
 CommSec Financial Services Guide | 8

Part Two
IMPORTANT INFORMATION
FINANCIAL SERVICES GUIDE
Part Two of this FSG details the current list of fees or charges that you will pay for using our services.

TRADING IN AUSTRALIAN LISTED SHARES AND DERIVATIVES1

Trade Execution Brokerage fee amount by transaction value2,3,4

Trade online (via website, mobile apps or other $10.00 (Up to and including $1,000)
platforms) and settle your trade to a CDIA5 $19.95 (Over $1,000 up to $10,000 (inclusive))
or CommSec Margin Loan5 $29.95 (Over $10,000 up to $25,000 (inclusive))
0.12% (Over $25,000)

Trade online (via website, mobile apps or other $29.95 (Up to and including $9,999.99)
platforms) and settle into a bank account 0.31% ($10,000 and above)
of your choice

Trade over the phone and deceased estates6 $59.95 (Up to and including $10,000)
0.52% (Over $10,000 up to $25,000 (inclusive))
0.49% (Over $25,000 up to $1,000,000 (inclusive))
0.11% (Over $1,000,000)

Trades requiring settlement through a third party6 $99.95 (Up to and including $15,000)
0.66% (Over $15,000)

Exchange Traded Options7 traded online8 (via website), $34.95 (Up to and including $10,000)
(also charged on the subsequent share transaction9 0.35% (Over $10,000)
upon exercise or assignment of the option)

Exchange Traded Options7 traded over the phone8, $54.60 (Up to and including $10,000)
(also charged on the subsequent share transaction9 0.54% (Over $10,000)
upon exercise or assignment of the option)

NOTES:
1 Different brokerage rates apply to CommSec Pocket trades executed through CommSec Pocket App or CommBank App.
2 Alternative brokerage rates may be agreed from time to time and (if agreed to) will be payable under clause 22 of
CommSec's Share Trading Terms and Conditions. If you are offered, and agree to a tiered brokerage rate, this may result in
brokerage charges that differ from rates expressly disclosed within this FSG.
3 Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction
value. For GST rounding reasons, the final brokerage fee may result in a slight variance from the stated or expected charge,
which may exceed two cents for large trades.
4 Brokerage charged (shares, warrants, listed managed investments and derivatives): Brokerage at these rates applies each
time you trade a stock, warrant, listed managed investment or derivative.
5 To be eligible, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either
a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan.
6 Includes CommSec Margin Lending and Geared Investments Lending Trades and where the Commonwealth Bank exercises
its rights under the loan terms and conditions.
7 ETO contract fees also apply. See page 10 for the “Other fees and charges” of this FSG.
8 For ETO multi-leg orders, brokerage is charged on each individual options leg. The execution of an equity leg (an Australian
listed share transaction), traded as part of an options multi-leg order will incur ‘Australian listed
shares’ fees and charges as disclosed in this FSG.
9 Listed equities transactions that result from an exercise or assignment of ETO contracts are
charged at the same rate of brokerage as the original ETO transaction. For this reason the
brokerage charged on the listed equities transaction arising from an exercise or assignment of
an ETO contract may differ from and overrides the default rates set out in this FSG.
9 | CommSec Financial Services Guide

TRADING IN AUSTRALIAN LISTED SHARES AND DERIVATIVES – ESUPERFUND

The fees and charges in the table below apply to ESUPERFUND customers only1.

Trade Execution Brokerage fee amount by transaction value2,3

Trade online (via website, mobile apps or other $10.00 (Up to and including $1,000)
platforms) and settle your trade to an ACA or CDIA $19.95 (Over $1,000 up to $10,000 (inclusive))
$29.95 (Over $10,000 up to $25,000 (inclusive))
0.12% (Over $25,000)

Trade online (via website, mobile apps or other $29.95 (Up to and including $25,000)
platforms) and settle into a bank account 0.12% (Over $25,000)
of your choice

Trade over the phone and deceased estates $59.95 (Up to and including $10,000)
0.52% (Over $10,000 up to $25,000 (inclusive))
0.49% (Over $25,000 up to $1,000,000 (inclusive))
0.11% (Over $1,000,000)

Trades requiring settlement through a third party $99.95 (Up to and including $15,000)
0.66% (Over $15,000)

Exchange Traded Options4 traded online5 (via website), $34.95 (Up to and including $10,000)
(also charged on the subsequent share transaction6 0.35% (Over $10,000)
upon exercise or assignment of the option)

Exchange Traded Options4 traded over the phone5, $54.60 (Up to and including $10,000)
(also charged on the subsequent share transaction6 0.54% (Over $10,000)
upon exercise or assignment of the option)

NOTES:
1 Brokerage fees applicable to ESUPERFUND customers only. If you no longer use the services of ESUPERFUND and become
a CommSec customer, the brokerage fees as disclosed in the table ‘Trading in Australian listed shares and derivatives’ will
apply, including where an ACA is used for trade settlement.
2 Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction
value. For GST rounding reasons, the final brokerage fee may result in a slight variance from the stated or expected charge,
which may exceed two cents for large trades.
3 Brokerage charged (shares, warrants, listed managed investments and derivatives): Brokerage at these rates applies each
time you trade a stock, warrant, listed managed investment or derivative.
4 ETO contract fees also apply. See page 10 for the “Other fees and charges” of this FSG.
5 For ETO multi-leg orders, brokerage is charged on each individual options leg. The execution of an equity leg (an Australian
listed share transaction), traded as part of an options multi-leg order will incur ‘Australian listed shares’ fees and charges as
disclosed in this FSG.
6 Listed equities transactions that result from an exercise or assignment of ETO contracts are charged at the same rate of
brokerage as the original ETO transaction. For this reason the brokerage charged on the listed equities transaction arising
from an exercise or assignment of an ETO contract may differ from and overrides the default rates set out in this FSG.
 CommSec Financial Services Guide | 10

TRADING IN EXCHANGE TRADED FUNDS (ETFs) USING COMMSEC POCKET

The following fees relate to trades placed through the CommSec Pocket App or the CommBank Mobile
App using a CommSec Pocket account.

Trade Execution Brokerage fee amount by transaction value1,2

Trade through Pocket App or CommBank App $2.00 (Up to and including $1,000)
0.20% (Over $1,000)

Late settlement fee $10.00

NOTES:
1 If additional services are required through the CommSec website or over the phone then fees will be as outlined in other
sections of this FSG.
2 Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction
value. For GST rounding reasons, the final brokerage fee may result in a slight variance from the stated or expected charge,
which may exceed two cents for large trades.

OTHER FEES AND CHARGES

CommSec tries to keep all fees and charges to an absolute minimum. However sometimes we need to cover
one-off costs to make sure that our everyday charges remain low. These fees apply in addition to brokerage.

SRN query or rebooking fee $25.00

Off market transfer fee $54.00 per security transfer

Late settlement fee – Buy or short sell $100.00

Third party registration fee, third party trade fee $104.00

Reprinting and postage of CHESS statement $16.50 per stock

Printing and postage of trade confirmation $1.95

contract note

ETO rebooking fee $25.00

ETO contract fees (per contract) $0.13 (GST exclusive) equity option contract
(open/close)
$0.05 (GST exclusive) equity option contract
(exercise/assignment)
$0.45 (GST exclusive) index option contract
(open/close)
$0.35 (GST exclusive) index option contract
(exercise/assignment)

Domestic and Foreign Tax Fees: CommSec reserves the right to charge to your account any fees, charges or other costs we or you
incur in relation to domestic or foreign tax. You will be notified of any of the aforementioned charges prior to their implementation.
11 | CommSec Financial Services Guide

Premium Research

Morningstar Subscription Fee1 $29.95 per month

Morningstar Premium
Morningstar Premium Research offers in depth analysis, recommendations and access to a range of
sophisticated tools and features. Features include buy/sell/hold/reduce/accumulate recommendations
and analysis across the ASX 200. Detailed information can be found through the CommSec website.
Access to Morningstar Premium Research is charged in arrears for the previous calendar month.

COMMSECIRESS PLATFORM AND ADDITIONAL SERVICE FEES

Service Inclusion Cost per calendar month

CommSecIRESS subscription1,2 Access to CommSecIRESS charged $82.50

in arrears for the previous month

Standard international markets1 Live data feed of closing prices for Additional $11.003
International Market indices

Premium international markets1 Standard International Markets Additional $95.703

plus additional real-time indices
and AAP Financial News

Domestic markets1 Dow Jones Australian News Additional $55.003

NOTES:
1 Fee is charged in arrears for the previous calendar month.
2 No fee is charged if 8 or more contract notes are generated for the month or a client pays more than $220 in brokerage for
the month on a CommSec Share Trading account and/or a CommSec Exchange Traded Options Trading account.
Trades on International Securities Trading accounts and CommSec Pocket accounts do not contribute to this total.
3 These fees are in addition to the CommSecIRESS subscription fee.

INTERNATIONAL LISTED SHARES, OTHER SECURITIES AND DERIVATIVES

1. Brokerage Charges – US Markets
Trade Execution Brokerage fee amount by transaction value1

Listed equities, ETFs, OTC equities and managed USD $19.95 for trades up to USD $5,000
funds2,3,4 USD $29.95 for trades up to USD $10,000
0.31% for trades above USD $10,000

US exchange traded options2,3,4 USD $65.00 or 0.75% of the option premium

whichever is greater plus US$1.10 per contract
 CommSec Financial Services Guide | 12

2. Brokerage Charges – Non US Markets5

Trade Execution Brokerage fee amount by transaction value1

Listed Equities2,4,6,7 USD$39.95 or 0.40% whichever is greater

NOTES:
1 Alternative brokerage rates may be agreed from time to time and (if agreed to) will be payable under clause 23 of
CommSec's International Securities Trading Terms and Conditions
2 For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for
the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result
in variances in the USD equivalent brokerage being applied. Unless otherwise indicated, where a fee is expressed as a
percentage, it refers to a percentage of the transaction value.
3 Brokerage is charged on an aggregated (averaged out) basis for trades in the same stock, on the same account, on the same
day and in the same direction (buy/sell). That is, brokerage is charged as if a single trade took place combining and averaging
out each of these trades. Each such aggregation/combination will attract a separate brokerage charge.
4 Taxes and fees are put through at cost.
5 For full list of non-US markets CommSec offers, please contact the International Desk on 1300 361 170.
6 Brokerage is applied individually for each trade regardless of whether multiple trades in the same stock occur.
7 Where an amendment is made to a partially executed order, the amended order is treated as a new order and normal
brokerage will be charged upon execution.

3. Other Fees
Miscellaneous Fees and Charges

Custody Fee for inactive accounts1 USD $25.00 per year

NOTES:
1 Custody fees are assessed to accounts defined as inactive, that is, accounts holding a security position for a calendar year
(1 January to 31 December) without generating a trade, or margin interest of USD $100 or more. Systematic reinvestment
activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However, dividend
reinvestment activity is not considered as a trade.

4. Debit Interest
Interest on Overdue Balances:

Interest will be charged on overdue/unpaid accounts. This will be charged directly to your account with Pershing at
the Pershing Base Lending Rate (PBLR) plus 150 basis points.

NOTES:
CommSec reserves the right to pass through to your account any additional charges, or changes to existing charges, that CommSec
may incur as a result of changes in industry practices or through the course of normal business operations. This may include costs
incurred from negative interest rates. You will be notified of any of the aforementioned changes prior to their implementation.

5. FX Rate
FX Fee1

FX fee on deposit and withdrawal 0.60%

FX fee per trade NIL

NOTES:
1 For trades in currencies to which certain restrictions apply, currency must
first be transferred from USD and will incur a small additional spread.
 CommSec Financial Services Guide | 13

13 15 19
commsec.com.au

CSC-89 PFS073 (05/23)