Query
A company has shares held by a joint member (2 or more individuals holding shares jointly). One of those individuals has now passed away. How do I advise ASIC of this change?
Solution
You will only need to advise ASIC of the change in shareholding.
This is done by processing a Share Transfer.
Example
John and Mary hold shares as a joint member. John passes away. A share transfer will need to be prepared to transfer the shares from 'John and Mary' (joint shareholder) to Mary (individual shareholder).