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Entity Account Holder Terms

Last updated: 23 March 2026

These Entity Account Holder Terms apply if you are opening a Company, Partnership, Trust, Sole Trader, or other entity account with Sharesies Limited (Sharesies/us/we). They are a supplement to, and must be read together with, the General Terms and Conditions (General Terms) and any other additional terms that apply if you use certain of our Services including our Invest Terms and Conditions (Invest Terms) which will apply to your use of our Invest Service. By accessing or using our Services you agree that the Entity Account Holder Terms apply between the Entity, the Account Holder (both the Entity and the Account Holder are considered to be 'you' for the purposes of the Entity Account Holder Terms, the General Terms and the Invest Terms) and Sharesies.

The meaning of capitalised words used in the Entity Account Holder Terms is set out in these terms, or are defined in the General Terms.

In the event of any conflict between these Entity Account Holder Terms and the General Terms (including any applicable additional terms) these Entity Account Holder Terms will apply.

By accepting these terms you agree to the following:

Account Holder and Entity relationship

1. The person named as the account holder (Account Holder) has been given authority by the named Entity (Entity) to sign up to Sharesies on behalf of the Entity.

2. The Account Holder will hold and operate an account on behalf of the Entity (Account) in accordance with these Entity Account Holder Terms.

3. In the case of a Trust, the Entity is the named Trustees acting together in their capacity as trustees of the Trust.

4. In the case of an Account Holder who is carrying on business in their own capacity and personally and fully liable for all associated obligations (Sole Trader), all provisions in these Terms relating to the obligations and responsibilities of an 'Entity' will apply fully and personally to the Sole Trader, except for those terms where specific reference is made to how the term will apply to a Sole Trader.

Opening an account

5. The Account Holder will provide Sharesies with a copy of the Governing Document of the Entity (where applicable) and agrees to notify Sharesies immediately if there are any changes to the Governing Document or any named persons involved in the ownership or governance of the Entity (Entity Members).

6. Sharesies may require any Entity Members to complete documentation and confirm or provide information relating to the Entity from time to time. 

7. The Account Holder agrees that Sharesies may require the Account Holder to confirm or provide further information relating to the Entity from time to time at Sharesies’ request, including without limitation such information as Sharesies requests to meet its obligations under the Anti-money Laundering and Countering Financing of Terrorism Act 2009 or any other regulatory requirements. 

Account Operation

8. The Account Holder and Entity agree and acknowledge: 

  • the Account will be operated in the name of the Entity; 

  • as between the Entity and Account Holder, the investments and money in the Account from time to time belong to the Entity and not the Account Holder. If you are a Sole Trader that is an Account Holder, the investments and money in the Account will belong to the Account Holder;

  • the Account Holder is a person authorised to act on behalf of the Entity in respect of the Account;

  • the Entity must advise Sharesies in the event there is required to be a change in the Account Holder, or if the Account Holder dies, and agrees to do all such acts necessary to effect the change in Account Holder. The Entity further agrees and acknowledges that:

    • Sharesies may require additional documentation and information to be provided to confirm and effect any such change; and 

    • A change in Account Holder (for any reason including the death of the Account Holder) may require Sharesies to close the Account - this may mean selling the Investments in the Account and returning the money to the Entity;

    • Sharesies may act in any other reasonable way in its discretion under the circumstances;

For Sole Traders, the above shall not apply and a change in Account Holder (for any reason including the death of the Account Holder) may require Sharesies to close the Account - this may mean selling the Investments in the Account and returning the money to the Account Holder or their estate. Sharesies may also act in any other reasonable way in its discretion under the circumstances;

  • any notifications relating to the Account (including updates to the General Terms) will be sent to the Account Holder only and Sharesies is not required to separately notify the Entity; and

  • the Entity and Account Holder agree to confirm or provide further information to Sharesies at Sharesies’ request, including without limitation such information as Sharesies requests to meet its obligations under the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 or any other regulatory requirements. 

Additional Terms where an Entity is a Trust

9. All Trustees must:

  • approve the Account being established;

  • authorise the Account Holder to act on behalf of the Trust; and

  • agree that Sharesies is entitled to act on the instructions provided by the Account Holder alone.

10. The Account Holder will provide the name of the settlor of the Trust (if any) and named beneficiaries of the Trust (if any).  The Account Holder will notify Sharesies if there are any changes to those persons and agrees to provide Sharesies further information relating to these persons if required.

11. Joint and Several Liability 

  • The Trustee/s accept that they are jointly and severally liable for any instructions provided in relation to the Account held by the Account Holder on behalf of the Trust and that Sharesies is entitled to act on the instructions provided by the Account Holder alone. 

  • Each Trustee warrants and represents on a continuing basis that the named Trustee/s are the only trustees of the Trust, that the Account Holder has been authorised to act on behalf of the Trustees in accordance with the Trust Deed, and that the Account Holder is entitled to recover their costs and any liability from the Trust assets.

12. Independent Corporate Trustee: In the event a named Trustee is an Independent Corporate Trustee, Sharesies acknowledges that the Trustee is acting in its capacity as Trustee of the Trust. The liability of the Independent Corporate Trustee will, at all times and for all purposes, be construed solely as a liability limited to the assets of the Trust from time to time.

Tax 

13. The tax treatment of the Entity may differ from individuals or other entities. The Entity and Account Holder acknowledge that the Entity is responsible for all the Entity’s tax obligations related to the Account. Sharesies does not accept any responsibility for any taxation obligations or liabilities that the Entity may incur. In the event Sharesies withholds tax on the Entity’s behalf, it is the Entity’s responsibility to ensure that the tax rate notified to Sharesies is correct. If we need to recover additional tax from the Entity for any reason, including where we have withheld tax, the Entity agrees that is money the Entity owes Sharesies.

14. For Sole Traders, clause 12 of these Entity Account Holder Terms shall not apply and the Account Holder acknowledges that it is responsible for all the tax obligations related to the Account. Sharesies does not accept any responsibility for any taxation obligations or liabilities that the Account Holder may incur. In the event Sharesies withholds tax on the Account Holder’s behalf, it is the Account Holder’s responsibility to ensure that the tax rate notified to Sharesies is correct. If we need to recover additional tax from the Account Holder for any reason, including where we have withheld tax, the Account Holder agrees that is money the Account Holder owes Sharesies.

Responsibility and Indemnity 

15. For clarity, clause 5 of the General Terms applies to both the Entity and the Account Holder, and both have responsibility to Sharesies under that clause. 

16. You agree that for the purposes of clause 5(3) of the General Terms:

  • Sharesies is only responsible to the Entity, and

  • if Sharesies is responsible to the Entity, our total responsibility, whether for breach of contract, tort, misrepresentation, or other cause, is capped for any event or series of related events to an amount equal to the total of any applicable fees that you have paid to us for your Account in the last 12 months. 

Fees

17. Sharesies will be entitled to charge a custody fee equivalent to 0.1% p.a. of the total investments and crypto balance. It does not include your Wallet, Spend accounts, Save accounts or PIE Save investments, KiwiSaver Balance, private company holdings, or shares that are not in Sharesies’ custody (for example, Fonterra Co-operative Group (FCG) and Livestock Improvement Corporation (LIC) shares). This amount will be calculated daily and a monthly equivalent will be deducted from the Sharesies Wallet each month.

18. As set out in the General Terms, Sharesies may change the Entity Account Holder Terms, our Services, or increase our fees from time to time, by giving the Account Holder reasonable notice (generally 14 days’ notice) of material changes. If the Entity does not want to accept any change, the Account Holder must stop using the relevant Services and close the Entity Account before the changes come into effect. If the Account Holder continues to access or use the relevant Services after the effective date of any change (including any increase to the fees), the Entity will be considered as having accepted the change.

Express direction to deduct fees

19. The Entity and Account Holder agree that by agreeing to these Entity Account Holder Terms that they provide express direction to Sharesies to deduct the custody fees and any other fees that may apply when using the Platform as set out in the General Terms.

Business Use

20. If the Entity is using the Platform for the purposes of a business, the Entity and Account Holder and Sharesies each acknowledge and agree that:

  • they are "in trade" and that any services being provided by Sharesies to the Entity and Account Holder are being provided and acquired in trade; and

  • in respect of all matters covered by these Entity Account Holder Terms, pursuant to section 5D of the Fair Trading Act 1986 (FTA) and section 43 of the Consumer Guarantees Act 1993 (CGA) the parties are contracting out of the provisions of the CGA and sections 9, 12A, 13, and 14(1) of the FTA to the fullest extent permitted by law.