Demerger or scheme scrip received: does it change the number of shares?
On the passbook, a demerger or scheme scrip received line reads: holding changed: report or confirm
Shares received in a demerger or a scheme
New shares arrive under a new code without a buy. The official pages read do not name this event: the number of shares held changed, so report the new holding, and confirm with Services Australia.
Worked example
A demerger from EXD delivered 240 new EXN shares to a holding of 0, on Mon 10 Aug 2026. Day 14 is Mon 24 Aug 2026, a working day, so the report-by date is Mon 24 Aug 2026 (national holidays only; set your state and its public holidays move it too). EXN is a new code on the form; whether the EXD holding also moved depends on the notice, so both lines are checked before the totals count.
The rules behind it
For a demerger or scheme scrip received line: Splits, consolidations, demergers and schemes · The total number of shares · The 14 days. Sources: Services Australia, change of circumstances; Services Australia, managing your Age Pension payment; Services Australia, online account help for updating shares; Guide to Social Security Law 3.10.4.10.
The rule. Report a change in shares within 14 days. Named in the sources: a buy, a sale, bonus shares. Any other change to the total number of shares the form asks for: report or confirm. A price movement is not on the list; listed shares are revalued on 20 March and 20 September. Every rule and its source.
What it takes. Trade lines only: date, code, buy or sell, quantity. Recognised account and holder numbers are removed; nothing leaves your browser until you save.
Who publishes it. The Art of Service, not affiliated with Services Australia; not financial advice. Check a history.