The company began business as an Australian government-owned private health insurer, established by the Whitlam Government in 1975 through the Health Insurance Commission (now known as Medicare Australia). It is a leading Australian health insurance provider with 3.8 million members, providing cover under two brands (Medibank and ahm).
Medibank was set up to provide competition to private “for-profit” health funds. Although government owned, the fund has operated as a government business enterprise since 2009, operating as a fully commercialised business paying tax and dividends under the same regulatory regime as do all other registered private health funds. Previously an Australian government business enterprise, it was privatised in 2014 by the Abbott Government and now operates as a publicly listed company on the ASX.
Selling your Medibank (MPL) shares in 4 easy steps
We have perfected one-off share sales so you can sell your shares hassle-free. Aussie Share Sales allows you to sell your shares simply and effectively with funds transferred directly to your nominated bank account.
We specialise in the one off sale of issuer sponsored shares acquired through IPO, employee shares schemes, company floats, or inherited from deceased estates. We are also able to assist in the sale of shares in your maiden or spouse’s name.
Complete the online form
No lengthy or complex forms. Submit your application online in a few simple steps.
Verify your ID
Confirm your identity in seconds with online verification.
We sell your shares
Shares are sold quickly and securely within 1-2 business days at the best available market price. No hidden fees.
You get paid
Your sale settles in two business days. Funds are transferred via direct deposit to your bank account.
$79 + 0.79% per holding
Percentage fee is based on the value of the parcel sold. Prices are exclusive of GST.
When will you receive the money from selling your Medibank (MPL) shares?
Once you click submit on our online form you can be assured that you will receive the proceeds of your sale without delay. All share sales on the Australian Securities Exchange (ASX) have a settlement period of 2 business days (T + 2). Once settled, the funds are transferred to your nominated bank account. Generally you will received your money within 3 business days, though transfer times may occur depending on your financial institution.
Is there Capital Gains Tax (CGT) when I sell my Medibank (MPL) shares?
When you sell shares there is a tax effect. We recommend you speak to an accountant or other expert in Australian tax law in relation to the sale of your shares and CGT.