Frequently Asked Questions
Do I own shares in nib?
nib shares were allocated to nib policyholders at 20 March 2007 who remained a policyholder until 19 July 2007. nib shares are also available for purchase through a registered stockbroker.
Please note, eligible policyholders must have verified their details by Friday 1 October 2010 or they were no longer eligible for nib shares. This was required to verify that your name and address details were correct. If you have any questions regarding the verification process please contact our share registry provider, Computershare on 1300 664 316 or via email [email protected].
How many nib shares do I hold?
I can't locate my SRN / HIN. Can you provide this to me?
If you are unable to locate your SRN/HIN, please contact our share registry provider, Computershare, on 1300 664 316 or email [email protected] and they will be able to mail you a replacement holding statement to your registered address which will contain your SRN/HIN.
For privacy reasons we cannot provide your SRN/HIN over the phone or by email.
How do I update my contact details such as email, mailing address, bank details or phone number?
Can I correct the spelling of my name?
If your holding is broker sponsored in CHESS you must ask your broker to make the correction for you.
Can I have my nib shareholding changed to my married name?
Yes. To register your shares in your married name, simply complete a Change of Name Request Form and send it to our share registry provider, Computershare, via email [email protected] or by mail to the address noted on the form. Please send the form along with your SRN/HIN and enclose a copy of your marriage certificate.
If you purchased your shares through a broker, you must ask your broker to make the change for you.
How can I transfer my nib shares to a family member or other person?
To transfer your nib shares to another person, and not through selling your shares on the stock exchange (i.e. in an off-market transfer), you will need to complete a Standard Transfer Form.
If you purchased your shares through a broker, you must ask your broker to make the change for you.
The shareholder has passed away. How do I advise you of this and what happens next?
Can I have a history of my holding and any transactions?
What happens if my SRN or holding statement has been stolen?
If you believe your SRN/HIN or shareholding statement has been stolen, please contact our share registry provider, Computershare, immediately on 1300 664 316. A lock will be placed on the holding to prevent any unauthorised trading and a new statement will then be issued advising you of your new SRN/HIN.
How do I amalgamate several holdings of nib shares?
For Issuer Sponsored shareholders
If the names, addresses and banking instructions are identical, and they are Issuer Sponsored, the nib shareholdings can be amalgamated. Simply contact our share registry provider, Computershare below:
Email: [email protected]
Fax: +61 2 8235 8150
nib share registry
Computershare Investor Services Pty Ltd
GPO Box 2975
Melbourne VIC 3001
Where the names, addresses or banking instructions are not identical, please contact Computershare using the above details for specific instructions.
For Broker Sponsored shareholders
If one or more of your nib shareholdings is Broker Sponsored, you will need to contact your broker to arrange the amalgamation. We are unable to make changes to Broker Sponsored holdings.
How do I sell my nib shares?
To sell your nib shares you will need to do so through a registered stockbroker. Check out our Buying and Selling nib Shares page for more information, including details on a number of services to help you sell your shares.
How much are my nib shares worth today if I was to sell them?
I want to sell my nib shares, but my broker needs my SRN/HIN - where do I find this?
When is the next Annual General Meeting held?
Take a look at our Shareholder Calendar for more information about our Annual General Meetings.
What results has nib announced?
Take a look at our Financial Results page for more information about our financial results to date.
What dividends have been declared on nib shares?
Please visit our Dividend Information page for more information about dividends announced and paid to date.
How do I access past dividend statements?
Does nib have a Dividend Reinvestment Plan (DRP) where I can use my dividends to purchase more shares?
Yes. Our nib DRP allows you to reinvest your dividends received back into nib in exchange for nib shares. This provides an easy and convenient way of increasing your nib shareholding.
nib ordinary shareholders who have a registered address in Australia or New Zealand are eligible to participate in the DRP unless they hold shares on behalf of another person who resides outside Australia or New Zealand.
Participation is optional and you can choose to reinvest all, part or none of your dividend in the DRP.
If you do not want to participate in the DRP but still wish to invest in nib shares, there are a number of trading services that make trading nib shares easy. Further information is available on our Buying and Selling nib Shares page.
What is the Capital Return?
At a General Meeting held on Tuesday, 5 July 2011 nib shareholders approved a Capital Return of approximately $75 million (approximately $0.1607 per ordinary share).
The Capital Return was paid to nib shareholders on 21 July 2011. These funds were sourced from nib's existing cash reserves with the number of shares on issue not changing as a result.
nib applied to the Australian Taxation Office (ATO) for a class ruling in relation to the tax treatment of the Capital Return for certain shareholders (Class Ruling). The ATO published the Class Ruling on 14 June 2011. The Class Ruling is consistent with the information contained in Part 7 of the nib notice of meeting which was lodged with the ASX on 30 May 2011. The Class Ruling is available on the ATO website.
The tax consequences for a shareholder with respect to the Capital Return may vary depending upon a shareholder's individual circumstances. You should consult your own tax adviser as to the potential tax consequences for you with respect to the Capital Return.
In accordance with nib's Constitution and at the nib Board's discretion, if dividends remain unclaimed for five years, nib is able to transfer these unclaimed dividends to nib foundation.
Why do shareholders have unclaimed dividends?
Unclaimed dividends are dividends belonging to shareholders who have not provided our share registry with their current bank details. Unfortunately, without these direct credit details, we are unable to make their dividend payments to them.
We attempt to contact shareholders with unclaimed dividends on a regular basis; however, despite our best efforts we still have thousands of shareholders who are yet to provide this information to enable payment.
What do I need to do to receive my unclaimed dividends?
Please provide your direct credit details to our share registry provider, Computershare:
- Visit Investor Centre; or
- Call 1300 664 316 (within Australia) or +61 3 9415 4651 (outside Australia); or
- Email Computershare on [email protected] to request a Direct Credit Form.
Following receipt of your correct direct credit instructions, your unclaimed dividends will be paid into your account within two weeks.
Why is the payment of unclaimed dividends being revoked?
Unfortunately, we have been unable to pay these dividends to shareholders as we don't have their current direct credit details.
In accordance with nib's Constitution and at the nib Board's discretion, if dividends remain unclaimed for five years, nib is able to transfer these unclaimed dividends to our charitable organisation, nib foundation.
Shareholders who meet this criteria will have their unclaimed dividends revoked and a payment equivalent to the amount of these unclaimed dividends will be made to nib foundation.
We will continue to proactively try to get in touch with our shareholders at least six months prior to the payment of any unclaimed dividend being revoked and transferred to nib foundation.
What will happen if I don't provide my direct credit instructions?
Your unclaimed dividends may be revoked and a payment equivalent to the amount of these unclaimed dividends may be transferred to nib foundation to support charitable organisations to deliver innovative programs that make positive and lasting improvements to community health and wellbeing.
How long will it take for my unclaimed dividends to be paid?
Once you have provided your correct direct credit details, your unclaimed dividend payments will be transferred into your nominated bank account within two weeks.
Why did nib implement the change to re-allocate its unclaimed dividends to nib foundation?
Previously unclaimed dividends were retained by nib until the time at which they were claimed or were required to be transferred to the Office of State Revenue (OSR).
Following shareholder approval at the 2017 nib Annual General Meeting, nib's Constitution was amended to allow Directors to revoke entitlements to unclaimed dividends if the dividends were unclaimed for five years.
The purpose of this change is to ensure that nib is able to utilise unclaimed dividends for the benefit of community health. To do this, nib will transfer unclaimed dividends to our charitable organisation, nib foundation, prior to when nib would normally be required to transfer these amounts to the OSR.
nib believes that unclaimed dividends are better utilised by donating those amounts to charitable organisations dedicated to supporting innovative community-focused health and wellbeing initiatives.
Why does nib pay dividends via direct credit only, why can't shareholders receive a cheque?
We pay dividends by direct credit to our shareholders' nominated bank accounts to provide them with quicker access to their money, improved security of dividend payments and to generate savings that benefit all shareholders.
What has nib done to try and connect shareholders with their unclaimed dividends?
We've undertaken a range of proactive communications activities since 2011 to reconnect nib shareholders, who have not provided their direct credit details, with their unpaid dividends.
This includes direct mailings, advertising in national newspapers, social media campaigns as well as alerts on their shareholdings and member details (if they are a nib policyholder), that reminds them that they have outstanding dividends when they contact us for a claim or query.
We will continue to proactively try to get in touch with our notify shareholders at least six months prior to the payment of any unclaimed dividend being revoked and transferred to nib foundation.
What is the cost base of nib shares for Australian Capital Gains Tax (CGT) purposes?
The Australian Taxation Office (ATO) has advised that the cost base of nib shares acquired by nib policyholders through the demutualisation is $0.85 per share. If you acquired your nib shares in another way (i.e. by purchasing them on-market), your cost base should broadly be equal to what you paid for your shares.
Your cost base will be relevant in determining any capital gains tax (CGT) implications that arise with respect to your nib shares. The tax consequences for a shareholder with respect to CGT may vary depending upon a shareholder's individual circumstances. You should consult your own tax adviser as to the potential tax consequences for you with respect to CGT.
Has nib engaged in any transaction since the time of demutualisation which may have affected the cost base of your nib shares?
nib returned $0.1607 of capital per nib share to its shareholders on 21 July 2011 (Capital Return). If you continued to hold your nib shares after 21 July 2011, your cost base was reduced by the amount of capital which was returned to you per share. For example, if you acquired your nib shares through the demutualisation and received the $0.1607 of capital per nib share under the Capital Return, your cost base from 21 July 2011 will be $0.6893 per share.
The ATO has issued Class Ruling 2011/56 which outlines the tax implications for certain nib shareholders with respect to the Capital Return (including the effect on the cost base of nib shares) and may be relied upon by the class of nib shareholders to whom the Class Ruling applies. You should consult with your tax adviser as to the implications which will arise to you with respect to Capital Return and the affect it may have on your cost base in your nib shares.
Am I liable to pay CGT on my nib shares?
If you were a nib eligible policyholder who received nib shares and sold them in the sale facility prior to the listing of nib, you would not have made a capital gain or capital loss on your nib shares.
If you were a nib eligible policyholder who received nib shares and did not sell them in the sale facility prior to the listing of nib, you would not have made a capital gain or capital loss at the time your nib shares were issued to you. However, if you dispose of your nib shares, this will constitute a CGT event and you may generate a capital gain or capital loss in connection with that event. You will make a capital gain if the capital proceeds you receive on the disposal of your shares is greater than your cost base as at the time of the CGT event. You will make a capital loss if your capital proceeds are less than your reduced cost base.
If you make a capital gain on disposal of your nib shares and are an individual, trust or complying superannuation fund, you may be eligible for a discount on your capital gain if you held your nib shares for at least 12 months before the time of the CGT event.
The tax consequences for a shareholder with respect to CGT may vary depending upon a shareholder's individual circumstances. You should consult your own tax adviser as to the potential tax consequences for you with respect to CGT.
Do I need to provide my Tax File Number or Australian Business Number?
It is important that you provide us with your details if you do not wish any tax to be withheld from future dividend payments.
Under Australian taxation laws, if you are an Australian resident security holder or subject to Australia's taxation laws, and you do not provide nib with your TFN, ABN or Exemption code details, tax may be deducted from payments of unfranked dividends at the highest marginal rate plus the Medicare Levy.
Updating your TFN is easy, simply login to Investor Centre and update your details. Alternatively, please contact our share registry provider, Computershare, on 1300 664 316 or via email [email protected].
What type of securities does nib holdings limited (nib) have on issue?
What stock exchange is nib listed on?
We are listed on the Australian Securities Exchange (ASX), trading under the code 'NHF'.
What is Issuer Sponsorship?
Issuer Sponsorship allows shareholders to hold their securities in 'paperless' form (like the Clearing House Electronic Subregister System (CHESS) of the ASX), but without being tied to a particular broker. However, unlike CHESS, shareholders cannot hold securities in different companies under the one identifying holder identification number (HIN).
For your Issuer Sponsorship holding, you will be given a Security Holder Reference Number (SRN) which typically begins with the letter 'I'.
Instead of receiving share certificates, you will receive holding statements (like CHESS) which show all details and movements such as purchases and sales. Statements are issued when you first become a nib shareholder and are dispatched within five business days of the end of any month in which transactions occur.
Your SRN should be kept private, just like your bank account PIN and should not be disclosed to third parties (except when authorised by you for a particular purpose - e.g. trading.).
Make sure you have your SRN on you when contacting our share registry provider, Computershare. This will allow them to correctly identify you and ensure your requests are fulfilled.
What is Broker Sponsorship?
Broker Sponsorship enables shareholders who are regular traders with a particular broker to have all of their holdings in different companies recorded under one Holder Identification Number (HIN).
Your HIN begins with the letter 'X'. It is important that your HIN is kept private, just like your bank account PIN.
Broker sponsored holdings are maintained on ASX's CHESS system. Your broker can explain this to you in more detail.
If you want to make any changes to your Borker Sponsorship holding (i.e. address, bank details etc.) they must be made through your sponsoring broker. This is to ensure that their records about you and your shareholding are completely correct.