Gifting stocks in the Australian market can be a thoughtful way to help others build their investment portfolio.

However, it's important to understand the legal and financial implications of this process.

In Australia, you can indeed purchase shares on behalf of someone else.

This is known as a "nominee" or "trust" arrangement, where you hold the shares in your name but the beneficial ownership belongs to the recipient.

To initiate this, you would need to open a brokerage account and select the "gift" or "transfer" option when making the purchase.

Exploring the Process and Regulations of Gifting Shares in the Australian Market