Hi, Paul.

PE> PE> that's another problem.  Xiayi got sent a cheque instead of a DRP, and
PE> also

PE> FM> Some companies have withdrawn their DRP recently. I don't know if this
PE> FM> was one. If not, and you'd sent in the paperwork, you could demand that
PE> FM> they issue shares ilo the cheque. Of course they'd probably claim
PE> they'd
PE> FM> never got it and you'd be up shit creek.

PE> PE> it said she hadn't declared her TFN, which she had.  Any ideas (I do
PE> PE> remember they sent out a bunch of papers a few months ago, which I

PE> FM> Sound like they never got the originals for both DRP &
TFN or, just as
PE> FM> likely, lost it internally.

PE> Ok, I rang them up (Ernst + Young, Melbourne, 008-807-691, and they said sh
PE> was given a new investor number on 14/6/96, as requested by my broker.  Of
PE> course they had no record of who my broker was and under what authority etc
PE> She went and asked someone else, and came back with a "It's because you
PE> changed chess sponsor".  She wouldn't copy the TFN etc details
from the old
PE> number to the new ("can't be done over the phone" - I
didn't want it done
PE> over the phone, I wanted it done from their computer to their computer!),
PE> but she's sending out forms again.  She says that you have to fill in the
PE> forms again ANY time you swap chess sponsors for ANY company.  I almost
PE> managed to quote Email at her, but she said (correctly) that that was the
PE> Sydney office.

Bureaucracy  efficiency.

PE> What sort of cockup is this?  Xiayi's old client code is C0001119184 and he
PE> new one is X0008496919.  Just because I changed sponsor?!  The second thing
PE> is that they didn't take withholding tax out.  She said that was because
PE> they were fully franked, which is true.  The thing is, they are only fully
PE> franked at 36%.  Failure to declare TFN normally means withholding tax of
PE> ~50%.  BFN.  Paul.

Hmmm, you're quite right of course. Interesting.

Regards, fIM.

 * * I want to use a sector editor on reality.
@EOT:

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