Brett Evans

And if they don't.

Well, actually no.

So there are platforms in Oz that do allow expats.

Yeah, yeah.

Exactly.

Yeah, they don't care.

They've got your money for the next 20 years so they're pretty chilled about it.

It's more the money-modeling side.

Yes.

So the Comsecs, the CMCs, there's a lot there when you go through and if you just chuck the PDS of those platforms into an LLM, you know, an AO model, you'll find all the verbiage saying non-resident, non-resident, not allowed.

So the ones we find who are sympathetic to expats are actually the advised platforms where you have to have an advisor on the platform.

Okay.

Hub G4s, Netwells, premiums and those things because the advisor has to go through that vetting process and AML process so they're more comfortable you being on there.

People think, okay, I know how to shortcut this.

I'll leave my Australian address on my ComSec account.

The problem with that is if there are dividends being paid, we have what's called non-resident withholding tax.

So whether you reside in a country that has a double taxation agreement or not,

will determine whether you have 15% or 30% automatically deducted from the dividend if there's no franking credits.

So let's say, for example, someone's moving to the United States.

That person moving to the United States, the US has a DTA with Australia.