How does IBKR Australia handle fractional entitlements?

This will depend on the terms and conditions set out in the offer documentation for the particular IPO. In some cases, you may be permitted to increase, decrease, or cancel your request, up until a specified deadline (for example, the close of the bookbuilding period). In other cases, often depending on when you have submitted your request, this may not be permitted and changes may no longer be possible…

IBKR Australia does not provide legal, tax or investment advice and determine your eligibility. By submitting your request through the online portal, you acknowledge that you have read and understood the prospectus or offer documents and that you are not ineligible to participate in the corporate action due to one or more of the restrictions set forth in the offering documents or prospectus, as applicable, including any restriction related residency. The registry, in its sole discretion, will determine your eligibility and whether to accept or reject your submission…

In the event your voluntary corporate action election request is being rejected, please review the below information which lists the most common issues clients come across:

1. Review the details of the offer in full to ensure you are submitting an accurate election. If the terms of the offer are "3 rights for 1 new share of stock", your election should be submitted in a quantity divisible by 3. Similarly, if there is a minimum election requirement you may be unable to participate if your holding does not meet this minimum…

IBKR Australia supports dividend reinvestment for ASX stocks, where available by the issuer. You will generally be notified via the Client Portal if you are eligible to submit an election via the Corporate  Action Election tool.  If you don't elect dividend reinvestment for a particular dividend (if offered), the default dividend payment method, which in most cases will be cash will apply…