Shareholders

https://help.myob.com/wiki/x/iZE6Ag

Close

How satisfied are you with our online help?*

Just these help pages, not phone support or the product itself

0

1

2

3

4

5

Very dissatisfied

Very satisfied

Why did you give this rating?

It's hard to find information

Instructions are hard to follow

Content isn't detailed enough

It doesn't fix my software problems

Anything else you want to tell us about the help?

Shareholders or "members" own the company. They can be individuals or corporate bodies.

All companies must have a least one shareholder.

Share classes

A company can issue shares of different "classes". Classes are used to identify the type of security and the rights the securities carry for the stockholder. For example, A-class shares may give the shareholder more voting rights than a shareholder who owns B-class only. A shareholder can own multiple classes of shares. The rights of the shareholder is limited to the number of shares they own in each class.

This page lists all shareholders and the share class, total shares, total amount paid for all shares, total unpaid, if they're beneficially held by the shareholder and if not, who is the beneficial owner.
When you visit this page after lodging an RA72 to retrieve asic data, you need to update the total paid, unpaid and beneficial owner (if applicable).

Field	Description
Share class	The class of share. For example, Ordinary, A, B, C, etc.
Total shares	The total amount of shares in the company the shareholder owners.
Total paid	The total amount paid for all shares held by the shareholder.
Total unpaid	This is the total paid for all the shares (fully paid) The total amount that was not paid for the shares. (For example, 50 shares at $1 where issued, of that $25 was paid. The total unpaid amount is $25.) This is at face value (issue value/book value)
Beneficially held	Indicates whether the share holder receives the direct benefit from shares (including dividend payments). "Yes" indicates that the shareholder receives the benefit from the shares. "No" indicates that the shareholder is holding shares on behalf of another person, organisation or trust. The shareholder doesn't receive any benefits of the shares.
Beneficial owner	The person receiving the benefits (instead of the shareholder). The shareholder's name is recorded, but the owner receives the benefits. For example, if the shares are held by a company, but the owner of the company is receiving the dividends, the owner of the company is the beneficial owner.

Why do I need to edit share details?

Change amounts paid for share (e.g. unpaid amount was called and paid).
add new
remove/transfer shares
record of major decision makers.

Beneficial ownership:

Investment company > owns all these shares but passes the benefit on to the fund members.

I buy shares in a manged fund > managed fund then buy shares in Colgate. They're listed as the shareholder but i am the beneficial owner.

To edit shareholder details

Click Edit details. The fields become editable.
Enter the total paid and total unpaid.

You must enter the total amount allocated.
An RA72 will tell you the total share capital - the total paid and unpaid for all shareholders and if they are beneficially held by the shareholders. However an RA72 won't give you the breakdown of the amount paid or unpaid for each shareholder or the name of the beneficial owner.
See Download company data (RA72) for more information.
If there's a beneficial owner enter the name of the owner.
Click Update details to save.

Related topics

PS Help: Getting Started Home

Page tree

Share classes

Was this information helpful?

Why not?

How would you improve this page?

Thanks! Anything you'd like to add?

Get started

Clients

Client files

Tasks

Documents

Tax