The 60-second version
Cocos (Keeling) Islands has no listed exchange — expats close bank custody or mainland ASX folios, wire AUD to NRE, and disclose in Schedule FA.
No local exchange — West Island custody at Westpac Cocos Islands or mainland ASX broker
Cocos (Keeling) Islands does not operate a listed exchange — investment accounts are bank custody or mainland ASX/CDP folios.
Redeem ASX holdings and obtain custody termination before closing linked AUD bank account.
Bank lane: Cocos (Keeling) Islands bank guide after custody zero.
Cocos (Keeling) Islands custody wind-down
| Account | Currency | Step |
|---|---|---|
| Westpac Cocos Islands | AUD | Redeem + close |
| ASX broker | AUD | Sell units |
| CDP / HIN | AUD | Transfer out |
| NRE | INR/USD | SWIFT receipt |
Closure
Inventory
List ASX holdings.
Redeem
Sell funds/shares.
CGT stmt
Broker summary.
AUD wire
SWIFT to NRE.
Schedule FA
Last FY asset.
Flow
Cocos (Keeling) Islands custody kit
- Holding stmt.
- Redemption confirms.
- Closure letter.
- SWIFT.
- CGT summary.
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Mainland ASX parallel
Many West Island contracts hold ASX ETFs via Sydney broker — close Australian brokerage guide separately if HIN sits on mainland.
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Local exchange?
No — ASX holdings via mainland broker or bank custody.
Schedule FA?
Declare foreign financial asset in last FY held.
FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
vs bank?
Close bank after custody zero — see Cocos (Keeling) Islands bank guide.
CGT?
Australia CGT on ASX disposal — Form 67 if India overlap year.
Neighbour?
Australia return guide for residency exit.
Your NRE account redesignation has a deadline.
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