A CommSec account owned by a trust is an account opened with CommSec using a trust deed (a legal document setting out rules for establishing and operating the trust), such as a self-managed super fund, retirement fund or family trust account. A CommSec account owned by a trust may have a title like: John Smith and Anna Smith <Smith SMSF>.

Once we receive notification that one of the account holders or in this case, a ‘trustee’, has passed away, we will ‘lock’ the account until all relevant documentation has been received.

When this step is complete, shares are ready to be transferred to a new account set up to reflect the new trust structure. Here they can be sold if the ‘new’ account owner/s chooses.

To transfer shares to a new account, please complete a ‘CommSec bulk internal off market transfer’ form. Please email the documentation to commsecestatesmanagement@cba.com.au or post to CommSec Estates Management, Locked bag 22, Australia Square, NSW 1215.

Once received, we will action your request within 14 days, however if this is not possible for any reason we will let you know.

We’re here to help

If you have any questions, please contact us on 13 15 19 or +61 2 9115 1417 if calling from outside Australia, 8am to 7pm (Sydney time). Alternatively, you can email commsecestatesmanagement@cba.com.au

For more information on CommSec Estate Management, please click here.