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Dematerialization Form Template for Australia

A Dematerialization Form is a formal document used in Australian financial markets for converting physical security certificates into electronic form within the CHESS (Clearing House Electronic Subregister System) or other approved electronic registration systems. This document facilitates the transition from paper-based to electronic securities ownership records, ensuring compliance with Australian securities regulations and the Corporations Act 2001. The form captures essential details about the security holder, the securities to be converted, and the necessary authorizations, while maintaining a clear audit trail of the conversion process.

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What is a Dematerialization Form?

The Dematerialization Form serves as a crucial instrument in Australia's modern financial infrastructure, enabling the conversion of physical security certificates into electronic format. This document is essential when security holders wish to convert their paper-based securities into electronic holdings, aligning with Australia's push towards digitalization in financial markets. The form must comply with requirements set forth by the Corporations Act 2001, ASX Settlement Operating Rules, and relevant electronic transactions legislation. It captures vital information including security holder details, certificate information, depository participant details, and required authorizations. The Dematerialization Form is particularly relevant in contexts where organizations or individuals need to modernize their security holdings or participate in electronic trading platforms.

What sections should be included in a Dematerialization Form?

1. Security Holder Information: Details of the registered holder(s) including full name, address, and contact information

2. Securities Details: Information about the physical securities to be dematerialized including certificate numbers, company name, number of securities

3. Depository Participant Details: Information about the DP through whom dematerialization is requested

4. Account Details: Beneficiary account number and details where securities will be credited

5. Declaration: Statement confirming the truth of information provided and agreement to terms of dematerialization

6. Authorization: Formal authorization to proceed with dematerialization, including signatures and date

What sections are optional to include in a Dematerialization Form?

1. Joint Holder Details: Additional section for cases where securities are held jointly by multiple parties

2. Witness Details: Section for witness information when required for high-value securities or institutional holders

3. Corporate Authorization: Additional authorization section for corporate security holders, including board resolution references

4. Power of Attorney Details: Section required when form is being submitted through a Power of Attorney holder

What schedules should be included in a Dematerialization Form?

1. Schedule A - Document Checklist: List of required supporting documents to be submitted with the form

2. Schedule B - Terms and Conditions: Detailed terms and conditions of the dematerialization process

3. Appendix 1 - Security Certificate Details: Detailed listing of all security certificates being submitted for dematerialization

4. Appendix 2 - Fee Schedule: Schedule of applicable fees and charges for the dematerialization process

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Australia

Publisher

tiktok˰

Document Type

Stock Transfer Form

Sector

Cost

Free to use

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