When you invest in the ASX 200 Shares option, you will need to specify the company, its ASX code and the number of shares you want to buy or sell.
Investing online
- Ensure you are eligible to participate in the ASX 200 Shares option
- Log on to MemberOnline
- Select Investment and shares from the side navigation
- Click on ASX 200 at the bottom of the page
- Click on Buy/Sell and then make your selection of stocks to buy or sell.
In writing
- Ensure you are eligible to participate in the ASX 200 Shares option
- Download, complete and return the Investment Choice form to AustralianSuper.
Quick tip: If you are sure about the stock you wish to invest in, log on to
MemberOnline and submit your buy request. The system will automatically work out if you meet the eligibility criteria.
When your instructions will be processed
Instructions to buy or sell stocks in the ASX 200 Shares option that are received by AustralianSuper by 1pm Friday, or by Sunday midnight if submitted via MemberOnline, will be implemented on the first trading day of the following week.
Find out more about when instructions to buy and sell stocks will be transacted with our
Investment switching policy.
You can switch out of the ASX 200 Shares option and into another investment option once a week – except if you have received a Franked dividend, where you need to hold your stock for 47 days.
Before you invest
Before taking any action, AustralianSuper recommends you consider your personal financial position, objectives and requirements and read our Investment Choice Guide.
Please ensure you read the Investment Switching and ASX 200 acknowledgements and conditions in the guide before making an investment switch or ASX 200 trade.
Macquarie Equities Limited and AustralianSuper will not provide you with specific investment advice. It is recommended that you consult an independent financial adviser, licensed to provide personal financial product advice, who will be able to take into account your investment objectives, financial situation and particular needs, before taking any action.
Suspended trading
If suspension of trading occurs on any of the ASX 200 stocks, the buy/sell order will be processed only if trading resumes by close of trading the following day. If trading does not resume within two business days, the order will be cancelled unless you elect to carry over your buy/sell order until the next AustralianSuper trading day at the time you submitted your application.
If the buy/sell order for a particular stock which is suspended from trading is partially completed, the completed trades will be allocated on a pro-rata basis across all applications.
There may be some restrictions to selling shares during the period dividends are paid.
Calculating capital gains tax (CGT)
If you sell shares through the ASX 200 Shares option (in whole or part), CGT will be calculated on each of your transactions at the time of selling. This could result in a debit or credit to your account. In the case of a capital gain on shares that have been held for less than 12 months the gain will be taxed at 15%.
Example:
Capital gain: $20
Tax at 15%: ($3)
Post-tax: $17
Any capital gain resulting from the sale of shares held for more than 12 months will be taxed at a rate of 10%. While the tax rate of the Fund is actually 15%, AustralianSuper passes on a 33.33% Capital Gains Tax discount which effectively gives you an overall tax rate of 10%.
Example:
Capital gain: $20
Capital gains discount: $6.66
Discounted capital gain: $13.34
Tax at 15%: ($2)
Post-tax: $18
Sales of shares that result in a capital loss will attract a tax credit of 10% irrespective of the length of time they have been held.