Terms of Sale
UNBROKER TERMS OF SALE
These terms and conditions (“Terms”) apply to the share sale facility offered by Fourth Point Pty Ltd (ABN 83 648 875 478) trading as Unbroker (“Unbroker”), accessible via www.unbroker.com.au (“Service”). Unbroker is an authorised representative (CAR 1316598) of Sharex Pty Ltd (AFSL 519872).
By using the Service, you agree to be bound by these Terms.
1. DEFINITIONS
1.1. In these Terms, unless the context otherwise requires:
(a)”Approved Customer” means a customer whose identification and shareholding details have been verified and accepted by Unbroker.
(b) “Approved Shares” means shares held by an Approved Customer that Unbroker has agreed to purchase.
(c) “Business Day” means a day on which banks are open for business in Sydney, Australia, and the ASX is trading.
(d) “Net Share Proceeds” means the total value received on sale of Approved Shares, less applicable fees.
(e) “Parcel” means a number of shares in one company registered under a single SRN and submitted as a single sale instruction.
(f) “Purchase Price” means the amount paid by Unbroker to the Approved Customer, equivalent to the Net Share Proceeds.
2. SHARE SALE PROCESS
2.1. You may submit a request to sell shares using the online form available at www.unbroker.com.au. This constitutes an offer for Unbroker to purchase the nominated shares.
2.2. Unbroker may, at its discretion, accept your offer to sell and will notify you of its acceptance only after being satisfied with your submitted documentation, including but not limited to: a valid identification, details of the shareholding, and any other information Unbroker may reasonably request.
2.3. If accepted:
(a) You agree to irrevocably transfer the shares to Unbroker. Unbroker will transfer those shares into an account associated with its own HIN.
(b) Within two Business Days of the transfer, Unbroker will use reasonable endeavours to sell the Approved Shares on market at a reasonable market value.
(c) Within two Business Days of receiving proceeds from the on-market sale, Unbroker will pay the Net Share Proceeds to your nominated bank account.
2.4. Payment of the Net Share Proceeds shall constitute full satisfaction of the Purchase Price for the Approved Shares.
2.5. A contract note will be issued for each Parcel sold and will be sent to your nominated email address following execution of the sale.
3. SAME DAY SHARE SALE SERVICE
3.1. If you select the Same Day Share Sale Service and provide all required documentation before 2:00pm (Sydney time) on a Trading Day, Unbroker will use its best endeavours to execute the sale of the Approved Shares on the same day.
3.2. Same-day execution is not guaranteed and may be impacted by external factors. If Unbroker is unable to complete the sale due to delays caused solely by Unbroker, the Same Day service fee will not be charged.
3.3. All other terms of these Terms apply equally to the Same Day Share Sale Service.
4. IDENTIFICATION & AML COMPLIANCE
4.1. Unbroker complies with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth).
4.2. You must provide sufficient identification documents to meet the minimum verification requirements. These typically involve 100 points of ID, and Unbroker may request further documentation as necessary.
4.3. You authorise Unbroker to conduct electronic verification and checks using third-party service providers.
5. FEES
5.1. Fees are deducted from the sale proceeds before payment is made to you.
5.2. A brokerage fee is charged per Parcel. The applicable fees are detailed in Unbroker’s Financial Services Guide (FSG), accessible on our website.
5.3. Additional fees may apply for the Same Day Share Sale Service.
6. WARRANTIES & ACKNOWLEDGEMENTS
6.1. You warrant that:
(a) You are the legal owner of the shares and have the right to sell them.
(b) All information and documents you submit are complete, accurate, and not misleading.
(c) You are not using the service for unlawful or fraudulent purposes.
(d) Where applicable, you have the authority to act on behalf of all registered holders, or that each joint holder has separately provided the necessary approvals or authorisations.
(e) You will not engage in any activity that would breach the ASIC Market Integrity Rules or the Corporations Act 2001 (Cth).
6.2. You acknowledge that:
(a) Unbroker operates on an execution-only basis and does not provide specific or personal advice.
(b) Instructions cannot be withdrawn once accepted.
(c) Execution and pricing are not guaranteed.
(d) Any proceeds held by Unbroker prior to payment will not accrue interest to your benefit.
(e) Unbroker is not liable for any market losses, system failures, or registry rejections.
(f) You have read and understood the Financial Services Guide (FSG) available on www.unbroker.com.au prior to submitting your sale request.
(g) If the Service is withdrawn or suspended, Unbroker will endeavour to complete accepted sale instructions where possible but will not be liable for incomplete transactions or delays caused by such withdrawal.
7. LIABILITY & INDEMNITY
7.1. To the maximum extent permitted by law, Unbroker excludes all liability for delays, system interruptions, registry rejections, or any losses except where caused by its own fraud or wilful misconduct.
7.2. You agree to indemnify and hold harmless Unbroker and its agents from any claims or losses arising out of:
(a)Your breach of these Terms
(b)Your misrepresentations
(c)Any unauthorised use of the Service
8. GENERAL
8.1. If any provision is found invalid or unenforceable, it will be read down or severed without affecting the remainder.
8.2. Unbroker may amend these Terms at any time by publishing the revised version on www.unbroker.com.au. Continued use of the Service after any such amendment constitutes your acceptance of the updated Terms.
8.3. These Terms are governed by the laws of New South Wales, Australia. Any disputes will be subject to the non-exclusive jurisdiction of its courts.
