NIB health funds (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in the NSW Hunter Region in 1952 to provide health insurance for workers at the BHP Steelworks, and has since grown into a national and international operation. The Commonwealth Private Health Insurance Ombudsman’s report: “2017 State of the Health Funds” stated that of the larger Australian funds (funds with more than 0.5% of market share), nib held an 8.3% market share.
A series of meetings of eligible policyholders and company members held in Newcastle on 19 July 2007 voted in favour of demutualisation of the health fund. The Federal Court of Australia then approved the vote the following week with the demutualisation completed on 5 November 2007.
Later the same day (5 November, 2007), nib became the first private health insurance fund to list on the Australian Securities Exchange (ASX). The share price opened at A$0.85.
Selling your NIB Health Funds (NHF) 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 NIB Health Funds (NHF) 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 NIB Health Funds (NHF) 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.