Mandatory Direct Credit (MDC)

 

All employees who are paid their salary in Australian dollars, US dollars or UK Sterling are required to provide their bank details to Solium in order to receive their Shareplus dividends.

What do I need to do?

Once you have registered your bank account details in your dividend election banking details, your future dividends will be delivered to your nominated bank account if you have an Australian, US or UK bank account. You will need to transfer your unpaid dividends by clicking the ‘Share Purchase and Holdings Tab’ and selecting ‘Manage Transactions’.

What will happen if I don’t provide my direct credit instructions?

If your bank account details are not registered, Shareworks will hold your dividend and it will not be paid until your bank account details are received. The dividend will not accrue interest while it is being held.

Once you have registered your bank account details your future dividends will be delivered to your nominated bank account if you have an Australian/US or UK bank account. You will need to transfer your unpaid dividends by clicking the ‘Share Purchase and Holdings Tab’ and selecting ‘Manage Transactions’

If you require any further information, please email BHPBShareplus@solium.com