How to change share class (Form 211 & Form 2205)

How to change share class (Form 211 & Form 2205)

To change the class of shares within a company from, for example A to ORD, you will need to lodge a Form 211.
Info
Use form 211 to tell ASIC when shares are divided, converted or changed by a combination of division and conversion into different classes of shares, but the total number of shares remains the same.

Division of class (s246F(1)(a))
Shares in a single class are divided into different existing share classes (e.g. 200 ‘A’ class shares are divided into 100 ‘B’ class and 100 ‘C’ class shares)

Conversion of class (s246F(1)(b))
Shares in a single class are converted into another class (e.g. 500 ‘A class’ shares become 500 ‘B class’ shares)

Under s254G(3) of the Act, a share that is not a redeemable preference share when issued cannot afterwards be converted into a redeemable preference share.

Alert
If the changes to the share classes result in a smaller or larger number of total shares (e.g. 100 ordinary shares are converted to 1000 B class shares), you will have to lodge a Form 2205 to notify ASIC of the resolution to convert shares into a larger or smaller number as well as the Form 211 to tell them about the division or conversion.

Warning
If the company has changed its shares into a smaller or larger number (eg 100 ordinary shares are converted to 1000 ordinary shares) but not changed the share class then lodge a Form 2205 only to notify ASIC, not the Form 211.

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Currently these forms are not available in Waive, as online lodgement is not permitted for these types of forms via EDGE, therefore they need to be prepared and lodged directly with ASIC.

Idea
Click here to open the link to ASIC's website and download the ASIC 211 form as a PDF file.
Click here to open the link to ASIC's website to download the ASIC 2205 form as a PDF file.
Otherwise scroll to the bottom of this page to simply download one/both forms.

Once the relevant form is completed, you need to lodge it with ASIC using one of the methods below:

Option 1 - Via email:

Send a copy of the signed form via email to shares.lodgements@asic.gov.au.

Alert
Email lodging details:
  1. The email must include the form number, company name and ACN in the subject line.
  2. Submit the form in PDF format.
  3. Each form and accompanying attachment should be submitted in a single PDF.
  4. Do not send general enquiries and any other forms to the above email address. 

Option 2 - Via AusPost: 

Please print the form and post it with tracking to:

Australian Securities and Investments Commission
PO Box 4000
Gippsland Mail Centre, VIC 3841

Warning
You may have to pay a late fee if ASIC do not receive the form within the lodging period of 14 days.