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Frequently Asked Questions

Your nib shares

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. Alternatively, nib shares are available for purchase through a registered stockbroker.

You can determine the number of nib shares you hold through Easy Update or by contacting our share registry provider, Computershare on 1300664316 or via email [email protected].

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 1300664316 or via email [email protected].

How many nib shares do I hold?

You can determine the number of nib shares you hold through Easy Update or by contacting our share registry provider, Computershare on 1300664316 or via email [email protected].

I can't locate my SRN / HIN. Can you provide this to me?

For security reasons we cannot give you your SRN/HIN over the phone or the internet. However, we can send you a replacement holding statement to your registered address. This statement will contain the number. Please contact Computershare on 1300664316 or via email [email protected], our share registry provider to discuss further.

How to I update my contact details such as email, mailing address, bank details or phone number?

Updating your contact details is easy, use Easy Update or contact our share registry provider, Computershare on 1300664316 or via email [email protected].

You will require your SRN/HIN and postcode to update your details.

Can I correct the spelling of my name?

To have the spelling of your name corrected you must complete a Name Correction Request and Indemnity Form and send it to our share registry provider, Computershare on 1300664316 or via email [email protected]. There can be no change of beneficial interest in making a correction in this manner. 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?

To enable your shares to be registered in your married name, you must write to our share registry provider, Computershare on 1300664316 or via email [email protected] requesting the change, quoting your SRN and enclosing a copy of your marriage certificate. If your holding is broker sponsored in CHESS 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?

If you wish 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 transfer of ownership form quoting your SRN. Download the Transfer of Ownership Form.

The shareholder has passed away. How do I advise you of this and what happens next?

To help assist you with finalising your deceased estate please contact our share registry provider, Computershare on 1300664316 or via email [email protected].

Click here to view more information, including printable forms, on the Computershare website.

Can I have a history of my holding and any transactions?

To access a history of your holding use Easy Update or contact our share registry provider, Computershare on 1300664316 or via email [email protected].

What happens if my SRN or holding statement has been stolen?

Please contact our share registry provider, Computershare immediately on 1300664316. A lock will be placed on the holding to prevent any unauthorised trading. 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 via

    Email: [email protected]

    Phone: 1300 664 316(within Australia)
    +61 3 9415 4651(outside Australia)

    Fax: +61 2 8235 8150

    Mail:

    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 our share registry provider, 1300664316 or via email [email protected], 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 not permitted to make changes to Broker Sponsored holdings.

Buying and selling nib shares

How to I sell my nib shares?

To sell your nib shares you will need to do so through a registered stockbroker. Our Buying and Selling nib Shares page has further information including a number of services to help you sell your shares.

How much are my nib shares worth today if I was to sell them?

nib's current share price is available on our homepage or by visiting the ASX.

You will need to speak with your stockbroker to determine the value of your shares at the time of sale and any associated fees with the sale of these shares.

I want to sell my nib shares, but my broker needs my SRN/HIN - where do I find this?

Your SRN/HIN is in the top right area of your nib holding statement.

Meetings, results and dividends

When is the next Annual General Meeting held?

Please visit our Events Calendar for more information about our Annual General Meetings.

What results has nib announced?

Please visit our Results page for more information about our financial results to date.

What dividends have been declared on nib shares?

Please visit our Dividends page for more information about dividends announced and paid to date.

How do I access past dividend statements?

You can access previous dividend statements by using Easy Update or contacting our share registry provider, Computershare on 1300664316 or via email [email protected].

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. Please see the DRP Rules Booklet for further information on eligibility.

Participation is optional and you can choose to reinvest all, part or none of your dividend in the DRP.

For more information on nib's DRP, including the DRP Rules and how to apply, visit our Dividend Information page.

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.

Unclaimed dividends transfer to nib foundation

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 instructions by:

  1. Visiting nib.com.au/easyupdate; or
  2. Calling 1300 664 316 (within Australia) or +61 3 9415 4651 (outside Australia).
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 nib foundation.

As such, shareholders who met this criteria as at 1 March 2018 and who did not provide their direct credit instructions by 31 August 2018 have had 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 notify shareholders at least six months prior to the payment of any unclaimed dividend being revoked.

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 health and wellbeing initiatives in communities across Australia.

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) (whichever is earlier).

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 the community. To do this, nib will transfer unclaimed dividends to nib foundation, a not-for-profit charitable trust, 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 charity thereby enabling these funds to directly fund charitable organisations to support 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 shareholders' nominated bank accounts to provide them with quicker access to their money, improved security of dividend payments and 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 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, alerts on their shareholdings and if they are a nib policyholder, reminding them when they contact us for a claim or query that they have outstanding dividends.

We will continue to notify shareholders at least six months prior to the payment of any unclaimed dividend being revoked.

Tax information

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.

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 continue to hold your nib shares after 21 July 2011, your cost base will be 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 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 you 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.

Do I need to provide my Tax File Number or Australian Business Number?

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. As such it is important that you provide nib with your details if you do not wish any tax to be withheld from future dividend payments.

Update your TFN in the Computershare on Investor Center of our share registry provider, Computershare.

General shares information

What type of securities does nib holdings limited (nib) have on issue?

Ordinary shares.

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 enables 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 number. Your security holder reference number (SRN) typically begins with the letter 'I' (which may look like the numeral '1' in some fonts).

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 an nib shareholder, and are dispatched within five business days of the end of any month in which transactions occur.

One of the important things to remember about Issuer Sponsorship is that your SRN should be treated like a bank account PIN and not be disclosed to third parties (except when authorised by you for a particular purpose - e.g. trading, etc.). Please quote your SRN in any correspondence with our share registry provider. This will enable us to correctly identify you and fulfil your requests.

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 extremely important that the confidentiality of your HIN is maintained.

Broker sponsored holdings are maintained on ASX's CHESS system. Your broker can explain this to you in more detail.

Another very important thing to know about Broker Sponsorship is that nearly all changes (changes of address, etc.) must be made through your sponsoring broker. This is to ensure that their records about you are completely correct.

Contact us

Please see our Contact Us page.