SIM VSE | Broker Fees

Annual Fees

Application and Annual Fees	$	GST	Total
Application Fee	-	-	-
Annual Fee	2,500	250	2,750

Whilst the above fees and charges are correct at the date hereof, NSX reserves the right to alter the above fees and charges from time to time.
Waived fees are reviewed each financial year. The NSX reserves the right to activate these fees as the NSX deems appropriate.
For fees to list securities please see the Listing Fees Practice Note.
All annual fees are payable in advance.
Annual fees are calculated on a pro-rata basis. Annual fees are renewable in July of each year.
Fees are not refundable.
In order to maintain orderly settlement on a T+3 basis, settlement fail fees are applicable to trading. The fee is levied if there is a shortfall in the quantity of securities in a broker participant's settlement account. The current formula for calculation of fail fees is as follows.
- The minimum fail fee is $50 per broker participant's settlement account per trade
- A fail fee is levied on each business day that a shortfall persists
- GST is applicable to fail fees
Money contributed to the NSX Fidelity Fund is not refundable.
NSX Participants can appoint NSX as a settlement agent. An agreement must be signed and relevant fees paid for this service.

	$	GST	Total
Trade fee per buy or sell based on $ value of the trade**	0.10 BP	0.01 BP	0.11 BP
Minimum fee per buy or sell	$0.25	$0.025	$0.275
Maximum fee per buy or sell	$30.00	$3.00	$33.00
Settlement Fee (applicable to agents only)	$1.00	$0.10	$1.10

BP means basis point (a percentage of the value of the trade) ** Settlement fail fees are applicable; see notes below.
Whilst the above fees and charges are correct at the date hereof, NSX reserves the right to alter the above fees and charges from time to time.
Waived fees are reviewed each financial year. The NSX reserves the right to activate these fees as the NSX deems appropriate.
For fees to list securities please see the Listing Fees Practice Note.
All annual fees are payable in advance.
Annual fees are calculated on a pro-rata basis. Annual fees are renewable in July of each year.
Fees are not refundable.
In order to maintain orderly settlement on a T+3 basis, settlement fail fees are applicable to trading. The fee is levied if there is a shortfall in the quantity of securities in a broker participant's settlement account. The current formula for calculation of fail fees is as follows.
- The minimum fail fee is $50 per broker participant's settlement account per trade
- A fail fee is levied on each business day that a shortfall persists
- GST is applicable to fail fees
Money contributed to the NSX Fidelity Fund is not refundable.
NSX Participants can appoint NSX as a settlement agent. An agreement must be signed and relevant fees paid for this service.