ASIC Guidance

Investor guidance: Protecting your shareholdings from fraud

ASIC recently issued a media release warning of increased cases of stolen shares due to identity theft: Investor alert: Reports of stolen shares due to identity theft on the rise | ASIC.

While our share registry operator, Computershare, plays a role in safeguarding your shareholdings, fraud prevention requires vigilance across all points of contact. To protect your investments, we encourage you to stay alert and follow the key tips below:

Tips to safeguard your shares

• Monitor your portfolio regularly
  Check your shareholdings often to detect any unauthorized activity early.
• Enable two-factor authentication (2FA)
  Add an extra layer of security to your accounts to reduce fraud risks.
• Secure your mail
  Use a PO Box or lock your letterbox to prevent mail theft.
• Update your contact details
  Make sure your stockbroker, share registries, and financial services providers have your latest information.
• Stay alert to unexpected communications
  If you receive unexpected notifications—like a new bank card or changes to your shares—act immediately, as it could signal fraudulent activity.

ASIC also provide further tips in their investor alert. Please contact our team with any questions or concerns.