Exchange your Australian Government Securities for AGBs
The Australian Government through the Australian Office of Financial Management (“AOFM”) enables investors the opportunity to voluntarily exchange their Australian Government Securities holdings residing on the Commonwealth Registry of Inscribed Stock into exchange-traded Treasury Bonds and exchange-traded Treasury Indexed Bonds ("the Offer").
Exchange-traded Treasury Bond and Indexed Bond investors enjoy a number of service‑related benefits including:
- An ability to sell your bond holding on ASX;
- Quick, easy and transparent processing of buy and sell orders as low as $100 (original face value);
- Greater choice and convenience in managing your investments; and
- Access to the full range of bond lines issued by the Australian Government.
If you participate in the Offer you will not have to pay any fees, commissions or other costs in order to exchange your holdings. Subject to meeting eligibility conditions, you can rely on a class ruling made by the Australian Taxation Office, which indicates that a tax event will not be triggered by participation in the Offer.
What do I need to do?
To participate in the Offer you will need a Clearing House Electronic Sub register System (CHESS) Holder Identification Number (HIN). If you currently do not have a CHESS HIN and you wish to participate in the Offer, you will need to open an account with an ASX broker by completing the online form below and nominate your preferred ASX Broker. The nominated ASX broker will then make contact with you to finalise opening your account.
Please be aware that in order for your Treasury Bonds and Indexed Bonds to be exchanged, the registered details of the CHESS HIN account must be the same registered details as is recorded on the Inscribed Stock Register. In particular, your name and address details must be identical.
If you wish to update your registered details on the Inscribed Stock Register, please contact Computershare on 1800 674 996 (inside Australia) or +61 3 9415 4390 (outside Australia).
Further information regarding the Offer can be found on the AOFM's website:
Further information regarding exchange-traded Treasury Bonds and Indexed Bonds can be found at the following websites:
For market information, go to: