Transfer out: does it change the number of shares?
On the passbook, a transfer out line reads: holding changed: report or confirm
Shares transferred out for no price
A transfer out changes the total. If nothing, or less than the shares were worth, came back, it is a gift under the gifting rules, and the Guide lists gifting more than $2,000 worth of assets in an income year as an event to notify.
Worked example
An off-market transfer moved 500 EXH shares out, from 500 to 0, with no price recorded, on Fri 11 Dec 2026. Day 14 is Fri 25 Dec 2026, which falls on Christmas Day, so the period ends on the next working day, Mon 28 Dec 2026 (national holidays only; set your state and its public holidays move it too). Christmas is why the date moves so far. With no price, finding 6 asks whether anything came back: the notification item and the gifting free area are two different rules.
The rules behind it
For a transfer out line: Transfers in and out · The total number of shares · The 14 days. Sources: Services Australia, change of circumstances; Services Australia, gifting; Services Australia, managing your Age Pension payment; Services Australia, online account help for updating shares; Guide to Social Security Law 3.10.4.10; Guide to Social Security Law 3.4.1.50.
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.