Release Dates

Test: Feb 5, 2019

Production: Feb 19, 2019

Major updates in this release

Improved shareholder information

This release sees a rework of the shareholder information displayed for companies. The way in which the information is presented has been improved, and additional details are now available.

For Australian businesses

The following information is now available for shareholdings on new verifications created via an ACN lookup:

• share class
• number of shares (new)
• % of class (now clearly labelled as such. Previously just a percentage was shown with no label)
• beneficially held
• % of total shares (new) - note: this is the % of total shares represented by the single shareholding only
• number of shares in the share class (new - available via a tooltip)
• number of shares in the business (new - available via a tooltip)
• a clearer indication that the shareholding is a joint shareholding

Please note that for pre-existing verifications the 'new' fields will not be available.

Note too, that the calculation of the "verification not required" status for each sub-business will continue to be calculated based on the percentage of share class, as it always has been.  This may be changed in the future after consulting further with customers on their expectations here.

The following screenshot is an example of the revised display for Australian businesses:

These screenshots show how tooltips are now used to provide even more complete information:

This screenshot shows how AU joint shareholders are now more clearly visible as such:

For New Zealand businesses

The following information is now available for shareholdings on new verifications created via an NZBN Register lookup:

• number of shares (new)
• % of total shares - note: this is the % of total shares represented by the single shareholding only
• number of shares in the business (new - available via a tooltip)
• a clearer indication that the shareholding is a joint shareholding

Please note that for pre-existing verifications the 'new' fields will not be available.

The following screenshot is an example of the revised display for NZ businesses:

This screenshot shows how tooltips are now used to provide even more complete information:

This screenshot shows how NZ joint shareholders are now more clearly visible as such:

Points to note

When manually adding a shareholder

When manually adding a shareholder, all the detail outlined above for each country can be captured, with the exception of these fields:

• Total number of shares in class (relevant to Australian businesses only)
• Total number of shares in the business

Here's a screenshot of the new fields on the manual shareholder data capture screen (click it to view full-size):

When editing a shareholder captured from an automatic lookup

If a shareholder captured from an automatic lookup is edited, then none of the data captured from the register can be changed.  However, any of the fields that were not automatically populated from the register can be completed.  This may be useful for business created before this change was made, as these fields will be available for completion.

Other features and updates

The following outlines the minor updates delivered in this release:

Constraints and Known Issues

The following constraint was introduced in this release.

Existing constraints and known issues can be found on the Constraints and Known Issues page