How are my shares held by Superhero?


Superhero Team

May 25th 2021 3 minute read

Under our Terms and Conditions your shares are held in custody by Superhero Securities Limited (Superhero Securities) on your behalf.

Superhero Securities’ purpose is to act as custodian for customers pursuant to our Terms and Conditions and it does not acquire a beneficial or proprietary interest in your investments, or the income and rights attached to your investments. Superhero Securities holds an institutional HIN on the ASX CHESS system and is a regulated entity charged with holding assets.

For clarity, beneficial ownership means that you, the owner of the shares, get the direct benefit from the shares. 

The shares purchased within your Superhero account are yours and cannot be accessed by others, including claims from any creditors of Superhero. 

For more information on the custody of your shares and Superhero Securities, please refer to our Terms and Conditions, including the Nominee Terms at Schedule 1.