about trading with us house rules - westpac
TRANSCRIPT
1 TermsandConditionsofOnlineAccess
6 TermsandConditionsofShareTradingAccount
14 TermsandConditionsofConditionalTrading
16 TermsandConditionsofParticipantSponsorshipAgreement
20 Appendix
Contents
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1.0 DefinitionsInthesetermsandconditions:(a) ACHmeansAustralianClearingHouse
Pty LimitedABN48001314503;
(b) ACH Clearing RulesmeanstherulesgoverningtheoperationoftheclearingfacilityoperatedbyACHasamendedfrom timetotime;
(c) AFSLmeansAustralianFinancialServicesLicence;
(d) AML/CTF LawsmeanstheAnti-Money Laundering and Counter-Terrorism Financing Act 2006(Cth)andsubordinateregulationsasamendedfromtimetotime,andincludesguidelinesandpublicationsproducedbytheAustralianTransactionReportsandAnalysisCentre(orsuccessororganisation)fromtimeto time;
(e) ASICmeanstheAustralianSecurities& InvestmentsCommission;
(f) ASIC Market Integrity RulesmeansthemarketintegrityrulesofASICasamendedfromtimetotime;
(g) ASTCmeanstheASXSettlementandTransferCorporationPtyLtdABN 49 008 504532asapprovedas theSecuritiesClearingHouseunder the CorporationsAct;
(h) ASTC Settlement Rulesmeanstherules issuedbyASTCfromtimetotime;
(i) ASXmeanstheAustralianSecuritiesExchangeLimitedGroupABN 98 008 624 691;
(j) ASX Market RulesmeansthemarketrulesoftheASXasamendedfromtimeto time;
(k) Business Days meansadayonwhichbanksareopenforbusinessinSydney,Australia,anddoesnotincludeSaturdays,Sundaysorpublicholidays;
(l) Cash AccountmeanstheWestpacIntegratedCashFacilityorYournominatedbankorfinancialinstitutionaccountusedforthesettlementofsecuritiesandpaymentforServiceswhereClearedFundsaretransferredto andfromYourAccount,andincludesanyformofmoneymarketaccountasapprovedbyWestpacSecuritiesandtheParticipantforthesepurposesfromtimetotime;
(m) CHESS Holdingmeansanuncertificatedholdingofsecuritiesonasubregisterforthatclassofsecuritiesmaintainedby ASTC;
(n) Cleared FundsmeansfundsavailableintheCashAccountorYourAccountintherequisitecurrencyforthepurposesoftradingandpaymentforservices;
(o) Conditional Order Instructionmeansaninstructionyougivetoustoplaceanorderforasecurityonthemarket:
(i) whentheTriggeroccurs;and (ii) atapriceinaccordancewiththeLimit;(p) Corporations Actmeansthe
Corporations Act 2001(Cth)andsubordinatelegislation,ineachcaseas amendedfromtimetotime;
(q) Derived InformationmeansanypartoftheInformationoranydataderivedinanywayfromthemanipulationoftheInformationoranypartoftheInformation;
(r) Individual Usernamehasthemeaninggiventoitinclause3.1below;
(s) Informationmeansinformationincluding(butnotlimitedto)stockmarketinformation,news,updates,analyses,dataandresearchmaterialsrelatingtosecuritiesasprovidedbyanInformationProviderfromtimetotime;
(t) Information ProvidersmeanstheParticipantanditsrelatedcorporations,andindependentprovidersofnews,researchandreportingservices;
(u) ITSreferstotheASX’sIntegratedTrading System;
(v) Limitmeanstheminimumpriceatwhichweareinstructedtosell,orthemaximumpriceatwhichweareinstructedtopurchase,asecurityunderyourConditionalOrderInstruction;
(w) Participant,we,usorourmeansAustralianInvestmentExchangeLimitedABN71076515930ofGroundFloor,Tower1,201SussexStreet,SydneyNSW2000,aparticipantoftheASXGroupandholderofAFSLNo241400;
(x) Prescribed Requirementmeansarequirementinanylaw,theASTCSettlementRules,theASXMarketRules or theACHClearingRules;
(y) Proscribed Personmeansapersonwho appearstotheParticipanteitherto:
(i) beaproscribedpersonorentityundertheCharteroftheUnited Nations Act 1945(Cth);
(ii) appearinalistofpersonswithwhomdealingsareproscribedbythegovernmentoraregulatoryauthorityofanyjurisdiction;
(iii) beinbreachofthelawsofanyjurisdictionrelatingtomoneylaunderingorcounter-terrorism;or
(iv) actonbehalfof,orforthebenefitof,apersonlistedinsubclauses(i)–(iii)ofthisdefinition;
(z) Referrermeansathirdparty,includingWestpacSecurities,whohasreferredYoutotheParticipantfortrading,settlement,clearingorotherservices;
(aa) Servicesmeansalloranyoftheonlineservices(orrelatedtelephoneservicesaccessedthroughthecallcentreofWestpacSecurities)providedbytheParticipantfromtimetotime;
SharetradingthroughWestpacSecuritiesisaserviceprovidedbyAustralianInvestmentExchangeLtd(‘TheParticipant’,‘we’,‘us’or‘our’)ABN71076515930AFSLNo.241400,aparticipantoftheASXGroup
T’s & C’sTerms and Conditions of Online Access (for information services and internet trading)
InconsiderationoftheParticipantprovidingaccesstotheTradingSiteanditsServicestoYou,Youagreetoabidebythefollowingtermsandconditions.
Things you’ll need to know about trading with us 2
(bb) STPmeansstraightthroughprocessing,whichreferstotheautomatedprocessingofsecuritiestradedthroughITS,withoutanymanualinterventionor duplicate processing;
(cc) Terms of IssuehasthesamemeaninggiventoitintheASXMarketRules;
(dd) Trading LimitmeansanallowableLimitapprovedbytheParticipantforthepurchasesofapprovedsecuritiesnominatedbytheParticipant;
(ee) Trading SitemeanstheinternetsiteaddressnotifiedtoYouthroughwhichaccessisgainedtosharemarkettrading functions;
(ff) Trading StatushasthesamemeaninggiventoitintheASXMarketRules;
(gg) Triggermeanscriteriathatareacceptabletous,whichyounominateforyourConditionalOrderInstruction,which,whensatisfied,causesustoplaceanorderforasecurityonthemarket;
(hh) Warranthasthesamemeaninggivento it intheASXMarketRules;
(ii) Warrant-IssuerhasthesamemeaninggiventoitintheASXMarketRules;
(jj) Westpac SecuritiesmeansWestpacSecuritiesLimitedABN 39 087 924 221,holderofAFSLNo233723;
(kk) YouandYour refertotheperson,personsorcompanytowhomtheParticipantprovidestheServicesthroughtheTradingSiteand,totheextentrelevant,includesYourauthorisedrepresentative.WhereYouaremorethanoneperson,theneach ofthosepeoplearereferredtojointly and severally;and
(ll) Your AccountmeansthesharetradingaccountopenedbyYouwiththeParticipant.
2.0 Limited right of access2.1 IfYouaremorethanoneperson,thenall
personsarejointlyandseverallyboundby thesetermsandconditions.
2.2 TheParticipantgrantstoYou,forYouruse only,alimited,non-transferable,non-exclusiverighttoaccesstheTradingSiteforthepurposeofusingtheServices.
2.3 YouacknowledgethattheParticipantreservestherighttorefuseanyapplicationtoprovideaccesstotheTradingSiteandtheServicesintheParticipant’sabsolutediscretion.
2.4 YouacknowledgethattheParticipantreservestherighttoterminateorsuspendYouraccesstotheTradingSiteandtheServicesatanytimewithoutpriornoticeif,forexample,wesuspectthat:
(a) YourAccounthasbeenaccessedfraudulently;
(b) YouareaProscribedPerson; (c) Youhaveattemptedmarket
manipulation;or (d) Youhavecommittedfraudulent,
illegalorunauthoriseddealingsonYourAccount.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemayterminateorsuspendYouraccesstotheTradingSiteandtheServicesforreasonsotherthantheonesmentionedabove.
2.5 YouraccesstotheTradingSiteanduseofServicesaresubjecttotheusualaccessandServicesguidelinesandpoliciesoftheParticipant.
2.6 TheParticipantcompliesatalltimeswithallAustralianlawapplyingtoanyofferofsecuritiesbytheParticipantandanyofferofsecuritiesismadeonlytoAustralianresidents.IfYouarenotanAustralianresident,thentheParticipantmakesnorepresentationwhatsoevertoYouastoanyforeignlawwhichmayapplytotheofferofsecuritiesbytheParticipant.IfYouareinanydoubtastoanyforeignlawapplyingtosecuritiestransactionsbyYouwiththeParticipant,thenYoushouldobtainYourownindependentforeignlawlegal advice.
3.0 Security identification3.1 Youwillnominateaconfidential
password,Username,orphoneidentificationpassword(collectively,‘IndividualUsername’)inorderthatYoumayidentifyYourselftoaccesstheTradingSiteoroverthephoneinorderto usetheServices.
3.2 YouandYourauthorisedrepresentative(s)aresolelyresponsiblefortheconfidentialityanduseofYourIndividual Username.
YouwillnotifytheParticipantimmediatelyifYoubecomeawareofanylossortheftorunauthoriseduseofyourIndividualUsernameoranypartthereof.Aftersuchnotification,theParticipantshallassoonasreasonablypossibledisableaccesstotheTradingSiteandServicesforsuchIndividualUsernameandshallissueareplacementIndividualUsernameaccordingly.
3.3 TheParticipantisentitledtoassumethatanyinstructionreceivedcontainingalloranypartoftheIndividualUsernameoriginatesfromYouortheauthorisedrepresentativetowhomtheIndividualUsernameisassignedandthatsuchinstructionisavalidinstructiontoaccesstheServices.TheParticipantisnotobligedtoinquireintothevalidityof any suchinstructionreceived.
3.4 TheParticipantdeemsthatthepersonusinganIndividualUsernameoranypartofittoaccesstheTradingSiteandtheServicesisthepersontowhomtheIndividualUsernameisassigned.
4.0 Your instructions4.1 TheParticipantreservestherightat
alltimestodeclinetoacceptYourinstructionswithoutgivinganyreasonorexplanationorpriornotice,if,forexample:
(a) weconsiderthatacceptingtheinstructionwouldnotbeconsistentwithafairandorderlymarket;
(b) itisnotpossibleforustoplaceanorderonthemarket;
(c) webelieveYourinstructionsareambiguous,incompleteorunclear;or
(d) thesecurityissubjecttoatradinghalt.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemaydeclinetoacceptYourinstructionsforreasonsotherthantheonesmentionedabove.
4.2 Withoutlimitationtoclause4.1,theParticipantreservestherighttodeclinetoactonYourbehalforacceptYourinstructionswhereYourinstructionsarebelievedbytheParticipanttobeunclear,ambiguousorincomplete.
4.2AYouacknowledgeandagree: (a) Thatifyouorasignatoryappears
tobeaProscribedPerson,thentheParticipantmayimmediatelyrefusetoprocessorcompleteanytransactionordealingofyours;suspendtheprovisionofaproductorservicetoyou;refusetoallowortofacilitateanyofyourassetsheldbyustobeusedordealtwith;refusetomakeanyassetavailabletoyouortoanyotherproscribedpersonorentity;orterminatethesearrangementswithyou.TheParticipantwillbeundernoliabilitytoyouiftheParticipantdoesanyorallofthesethings.TheParticipant’srightsunderthisclauseareinadditiontoallotherrightswhichthe Participantmayhave.
(b) ThatiftheParticipantexercisesits rightsundersub-clause4.2A(a),youmustpaytheParticipantanydamages,losses,costsorexpensesthattheParticipantincursinrelationtoanyactiontakenundersub-clause 4.2A(a),includingwithout limitationadministrativecostsand/orcostsofsaleorpurchaseofanytransactionordealputinplaceforthepurposesofmeetingtheParticipant’sobligationsunderthese termsand conditions.
4.3 YouauthorisetheParticipanttoacceptinstructionsonYourbehalffromYourauthorisedrepresentative(s)andYouconfirmthatYourauthorisedrepresentative(s)has/havethepowertodothefollowinginYournameandonYourbehalffromtimetotimeto:(a)giveinstructionstotheParticipantonYourbehalf;and(b)accesstheTradingSiteandusetheServices.
4.4 YouagreetoratifyandconfirmallactionscarriedoutbytheParticipantontheinstructionsofYourauthorisedrepresentative(s).
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4.5 WhenYouaremorethanoneperson,theParticipantmayacceptinstructionsfromoneormoreofYouonbehalfofallofYou.
4.6 Youareresponsibleforfraudulent,illegalorunauthoriseddealingsonYourAccountwhichareattributabletoYourconduct,andyoureleaseanddischargeusfromliabilityinthisregard.
4.7 TheParticipanthastherighttorequestwrittenconfirmationofinstructionsbeforeactingonanyinstructionsfromYouorYourauthorisedrepresentative(s).
4.8 TheParticipantmayassumetheauthenticityofanyinstructionsgivenorpurportedlygivenorally,inwritingorbyelectronicmeans(includinganyelectronicinstructionswhichincludealloranypartofYourIndividualUsername)byYouorYourauthorisedrepresentative(s),orthatanypersonclaimingtobeYourauthorisedrepresentativeisinfactthatperson.TheParticipantisnotobligedtoenquireintoanyofthemattersmentionedinthisconditionandYouauthorisetheParticipanttoactuponsuchinstructionsitreasonablybelievestobeauthentic.
4.9 TheParticipantwilluseitsbestendeavourstoexecuteYourinstructions,buttheParticipantwillnotguaranteethatYourinstructionswillbewhollyorpartiallyexecutedorwillbeexecutedbyacertaintime,because,forexample:
(a) Yourordermayneedtobemanuallyvetted;
(b) thesecuritymaybetoothinlytraded; (c) thepricefortheLimitmaybetoofar
fromthepriceatwhichthesecurityiscurrentlytraded;or
(d) thesecuritymaybesubjecttoatradinghalt.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemaynotexecuteyourinstructionswhollyorpartiallyorbyacertaintimeforreasonsotherthantheonesmentionedabove.
4.10YouauthoriseandappointtheParticipant,eachofitsdirectorsandeachofitsemployeesasYourattorneytoenterintoanycontractoragreementwithanotherpartyonYourbehalfuponreceivingYourinstructions(suchinstructionsmaybegivenbyYouelectronicallyandacceptedbytheParticipantinaccordancewithclause4.8)todoso.YouacknowledgethatallliabilityforsuchcontractsisYoursalone.YouwillindemnifytheParticipantagainstallloss,expenseoranyotherliabilityinrelationtosuchcontractsor agreements.
4.11YouauthorisetheParticipanttorecordanytelephonecommunicationsbetweenYourself,Yourauthorisedrepresentative(s)andtheParticipant,withorwithoutanaudibletone-warningdevice.YouacknowledgethatanyrecordingistheParticipant’spropertyandthattheParticipantreservestherighttochargeyouacostrecoveryfeefor
accesstoarecording.Youshallrecordallrelevantdetailsofanyconversationyouhavewithus,includingthenameoftheoperatorandthedateandtimeofthecall,andyouacknowledgethattheParticipantwillaskyouforthisinformationwhenyouseekaccesstoarecording.
4.12Incaseofdispute,theParticipant’srecordsofelectronicortelephonecommunicationsorfacsimiletransmissionshallbeconclusiveevidenceofthedetailsofthecommunicationsbyemail,internet,telephoneorfacsimile(asthecasemaybe)betweenYouandtheParticipant.
5.0 Acknowledgements and representations
5.1 IfYouareatrusteeoranagent,Youareboundbythesetermsandconditionsasatrusteeoranagent,andpersonally.IfYouareacorporation,thedirectorsarealsoboundbythesetermsandconditions.
5.2 YouwarrantthatYouhavethepowerand theauthoritytoagreetothesetermsandconditions,andtocarryoutYourobligationsunderthem.IfYouareacorporation,YouwarrantthatYouhold a validACN,ABNorARBN.
5.3 YouauthorisetheParticipanttoprovideinformationaboutYoutoanyofitsrelatedbodiescorporate(asdefinedintheCorporationsAct)andtheirrespectiveofficersandemployees(foraccountingandotherpurposes,includingmarketingfurtherservicestoyou).IfyouhavebeenreferredtotheParticipantbya‘Referrer’fortheParticipanttoprovideYouwithtrading,settlement,clearingorotherservices,YoualsoauthorisetheParticipanttosupplyinformationaboutYou(thattheParticipantmaycollectorholdfromtimetotime)totheReferreranditsrelatedbodiescorporate.Theinformationmayinclude,butisnotlimitedto,detailsofordersplacedandtradesenteredintobyYou,othertransactionsconductedbyYouthroughorinconnectionwiththeTradingSite,andotherinformationconcerningYouthattheParticipantmayreceivefromYouruseoftheTradingSiteoranyassociatedwebsite,butexcludingYoursecuritydetails.Youauthorisethe ReferreranditsrelatedbodiescorporatetouseYourinformationtocalculateanycommissionsduetoitfrom theParticipantbasedontradesand servicesenteredintobyYouandtouse Yourinformationinmarketingfurther servicestoYou.
6.0 Use of information6.1 Youmustnot,eitheraloneorin
conjunctionwithanyotherperson: (a) supplyormakeavailableorpermit
tobesuppliedormadeavailabletheInformationorDerivedInformationto anythirdperson;
(b) store,processordealwiththeInformationorDerivedInformationinanywayexceptforYourownpersonal use;
(c) allowanyunauthorisedpersontogainaccesstotheInformationorDerivedInformation;
(d) usetheInformationorDerivedInformationtoestablish,maintainorprovide(orassistinestablishing,maintainingorproviding)anunauthorisedmarketfortradingin securities;or
(e) reverseengineeranyprogramsorprotocolsusedinconnectionwiththe InformationorServices.
6.2 YouacknowledgethattheuseoraccessoftheTradingSitewillnotbefreefromanyfault,errorordefectsindesignor engineering.
6.3 Youacknowledgethatthetransmissionspeed,formatorcontentoftheInformationandDerivedInformationmaybechangedwithoutanypriornotice.
6.4 Youacknowledgethat: (a) theInformationandDerived
Informationhavebeenpreparedanddistributedforgeneralinformationonly,andarewithoutconsiderationtoYouroranyperson’sinvestmentobjectives,financialsituationorparticularneeds;
(b) theInformationandDerivedInformationarenotarecommendationthataparticularcourseofactionis suitableforYouor anyperson;
(c) theInformationandDerivedInformationmaynotbeappropriatetoYouandthatanydecisionmadebyYouisbasedonYourownjudgementoronindependentadvice,butinnocasereliesontheInformationorDerivedInformationoranypartofit; and
(d) theInformationmaybesubjecttoadditionalconditionsimposedbythirdpartydataownersandthirdpartydataproviders.
Things you’ll need to know about trading with us 4
7.0 Fees7.1 Youagreetopaysubscriptionfees,
royaltychargesandanyotherchargesasspecifiedbytheParticipantfromtime totime.Youalsoagreetoreimburse theParticipantforanyfees,taxes,consumptionorvalue-addedtaxoranyotherchargesleviedinrelationto YouruseoftheServices.TheParticipantreservestherighttovarysuchfeesandcharges,and themethodofchargingatanytime, withoutpriornotice.
7.2 Ifthegoodsandservicestax(‘GST’)has applicationtothesupplyofServicesbytheParticipant,theParticipantwill,inadditiontoanyamountorconsiderationpayableunderthesetermsandconditions,recoverfromYouanadditionalamountonaccountoftheapplicableGST.
7.3 YouagreethattheReferrerortheParticipantmayreceivecommissionsfromanyotherpartyarisingfromYouruseoftheServicesandtheParticipantisnotobligedtorebatethesecommissionstoYouandmaypassonanypartofcommissionsitreceivestotheReferrer.
7.4 YouagreethattheParticipantmaypaycommissionstotheReferreronbrokeragereceivedbytheParticipantfromYoubasedontradesenteredintobyYou.
7.5 YouirrevocablyauthorisetheParticipanttodeductfromanyCashAccountYouhaveestablished,ordirectdebitbankaccountauthorityprovidedbyYou,suchamountsowingbyYoutotheParticipantorarelatedentityoftheParticipant.
8.0 Release8.1 YoureleasetheParticipant,the
InformationProvidersandtheirrespective employeesandagentsfromanyobligationorliabilityofanykindtoorthroughYouwithrespecttothetransmission,provisionoruseoftheServices,theInformationorDerivedInformationoranypartthereofand,withoutlimitingthegeneralityoftheforegoing,anydelays,interruptions,errors oromissionshowsoeveroccasioned.
8.2 Tothemaximumextentpermittedbylaw,YouacknowledgethattheParticipant,theInformationProvider,andtheirrespectiveemployeesandagentswillnotbeliabletoYouoranyoneelseforanylossordamage,whetherdirectorindirect,special,incidentalorconsequentialor economic(includinglossofprofits),whetherornottheParticipantkneworcouldhaveknownofthepossibilityofsuchdamage,wherethatdamagearises from:
(a) delay,interruption,omission,failure,errororfaultintheexecutionofYourinstructions;
(b) delayintheexecutionofYourinstructionsarisingfromareviewofYourinstructionsbytheParticipant;
(c) anyerror,omissions,non-receiptorinvalidityinYourinstructions;
(d) anyfault,error,defectofengineeringoftheTradingSiteortheParticipant’scomputersystems,oranydelay,fault,failureinorlossofaccesstotheTradingSite;and
(e) anycausebeyondthereasonablecontroloftheParticipant,including,butnotlimitedto,failureofelectronicormechanicalequipmentorcommunicationlines,unauthorisedaccessorlabourproblems.
8.3 TheParticipant,theInformationProvidersandtheirrespectiveemployeesandagentsdonotgiveanyrepresentationsorwarrantiesastotheavailability,accuracy,completeness,currencyorreliabilityoftheInformationorDerivedInformation,ortheresultstobeobtainedfromtheInformationorDerivedInformation;andtheParticipantexpresslydisclaimsallandanyliabilitytoYouoranypersonforanydamageorloss(directorindirect,special,incidentalorconsequentialoreconomic)resultingfromtheuseoforrelianceontheInformationorDerivedInformationoranypartthereofbyYouor anyotherperson.
8.4 Nothinginsub-clauses8.1,8.2,8.3and8.5shallexcludeanyimpliedconditionorwarrantyforyourbenefittheexclusionofwhichwouldcontraveneanystatuteorcauseanypartofthesetermsandconditionstobevoidorinvalid.
8.5 Totheextentpermittedbylaw,anyliabilitytoYouforanyreasonislimitedtotherestorationoftheServicetoYou,butifthatisnotpossibleorappropriate,thentherefundofthefeespaidbyYouinrelationtothesupplyofInformationorDerivedInformationforthemonthinwhichthecauseofliabilityarises.
9.0 Intellectual property rights9.1 Youacknowledgethatallcopyrightand
otherintellectualpropertyrightsofwhatevernatureintheInformationandDerivedInformation,andtheelectronicmeansoftransmissionoftheInformationandDerivedInformation,areandwillremainvestedintheParticipantortheInformationProvidersoranyofthem.YouwillpromptlynotifytheParticipantofanyimproperorunlawfuluseoftheInformationorDerivedInformationorinfringementofanyofthecopyrightorotherintellectualpropertyrightsintheInformationorDerivedInformationthatcomestoYournotice.
10.0 Variation and termination10.1YoumayterminateYouraccesstothe
TradingSiteandServicesbygivingnotlessthanfiveBusinessDays’writtennoticetotheParticipant.Terminationwillnotaffectanyrightsorobligationsaccruedpriortotermination.
10.2TheParticipantmayterminateYouraccesstotheTradingSiteandServicesatanytimeandwithoutpriornotice,subjecttoalloutstandingobligationsbeingdulydischarged,if,forexample,wesuspectthat:
(a) YourAccounthasbeenaccessedfraudulently;
(b) YouareaProscribedPerson; (c) Youhaveattemptedmarket
manipulation;or (d) Youhavecommittedfraudulent,
illegalorunauthoriseddealingsonYourAccount.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemayterminateorsuspendYouraccesstotheTradingSiteandtheServicesforreasonsotherthantheonesmentionedabove.
10.3TheParticipantreservestherighttovarythesetermsandconditionsto:
(a) add,changeorremoveanyconcessionsorbenefits;
(b) adoptorimplementanylegalrequirement,decision,recommendation,regulatoryguidanceorstandardofanycourt,tribunal,orombudsmanserviceregulator;
(c) accommodatechangesintheneedsorrequirementsofourclients,suchasnewproductfeaturesorservices;
(d) correcterrors,inconsistencies,inadvertentomissions,inaccuraciesorambiguities;
(e) bringusintolinewithourcompetitors,industryormarketpracticeorbestpracticeinAustraliaoroverseas;or
(f) reflectchangesintechnologyorourprocessesincludingourcomputersystems.
Eachofthechangesinparagraphs(a)to(f)isaseparaterightandthisclauseistobereadasifsuchchangewasaseparatelyexpressedright.
Withoutlimitingourrightsunderparagraphs(a)to(f),wemayfromtimetotimechangeanyofthetermsandconditionsforreasonsotherthantheonesmentionedabove(e.g.duetounforeseenevents).
AnyvariationofthesetermsandconditionsshallapplytoalldealingsbetweenYouandtheParticipantonandfromthedayonwhichthevariationtakeseffect.
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IftheParticipantvariesthesetermsandconditions,theParticipantwillgivenotlessthanseven(7)daysnoticetoyouatthepostalorelectronicaddresslastnotifiedtotheParticipantbyyou,orattheParticipant’swebsite.
Also,theParticipantmayuseitsIVRfacilitytonotifyyouofamendment(s),andprovideinformationaboutwhereyoucanaccessfulldetailsoftheamendment(s).
10.4However,theParticipantdoesnotneedtogiveYouadvancenoticewhereanyvariationofthesetermsandconditionsisrequiredtocomplywithaprescribedrequirementorisnecessitatedbyanimmediateneedtorestoreormaintainthesecurityofthesystemorindividualaccounts.
11.0 Notice11.1Anynoticegiven,ordemandmadeby,the
Participantmaybemadebyfacsimile,bypostorbyemailtothelastnotifiedaddress,facsimilenumberoremailaddressasthecasemaybe.Suchnoticeordemandshallbedeemedtohavebeenreceived:
(a) ifgivenbypostwillbedeemedtohavebeenreceivedonthethirdBusinessDayfollowingposting;
(b) ifgivenbyfacsimile,willbedeemedtohavebeenreceiveduponproductionofatransmissionreportbythemachinefromwhichthefacsimilewassentwhichindicatesthatthefacsimilewassentinitsentiretytothefacsimilenumberoftherecipient;
(c) ifgiventoYouelectronically,willbedeemedtohavebeenreceivedonthe dayitwassent;and
(d) ifgiventouselectronically,willbedeemedtohavebeenreceivedupon beingopenedbyus.
12.0 Dispute resolution12.1AnydisputesbetweenYouandthe
ParticipantwillbereferredtotheFinancialOmbudsmanService(‘FOS’)ifthedisputeiswithinthejurisdictionofFOS.IfthedisputeisnotwithinthejurisdictionofFOS,orcannotbesettledthroughitsprocesses,thepartieswillappointamediatorandattendmediationinordertoresolvethedispute.
13.0 Applicable law13.1ThisAgreementshallbegovernedbythe
lawsoftheStateofNewSouthWales,andthepartiessubmittothejurisdictionofthatState,buttheParticipantmaycommenceproceedingsinanothercompetentjurisdiction.
14.0 Fair Go Policy14.1TheParticipantendeavourstoprovidea
qualityservicetoallourcustomersatalltimes.Thispolicyisdesignedtoensurethatnoclientisunfairlydisadvantagedbythebehaviourofotherclients.Allfreeaccesstoourwebsiteandotherservicesissubjecttoreasonableusage.Excessiveusageoftheseservicesmaybetothedetrimentofothercustomers.IfatanytimetheParticipantconsidersacustomer’susagetobeunreasonable,theParticipantmaysuspend orrefuseaccesstoourservices.
Examplesofunreasonableuseinclude: (a) someexternalquoteproductsrefresh
pricequoteseveryfivesecondsduringasix-hourtradingday–thistypeofusagemaybeconsideredtobeunreasonable;and
(b) clientscallingexcessivelyforextensivepricequoteinformationonlycancauselengthydelaysforothertelephonecustomers.
Themonitoringofusageensurestheavailabilityofourfreeservicestoallcustomers.
14.2YouacknowledgethatYouhavereadandunderstoodtheParticipant’sFairGoPolicyinclause14.1.YouagreethatYouwillaccessandusetheTradingSiteinaccordancewiththeFairGoPolicy(as amendedfromtimetotime).Inparticular,byaccessingtheTradingSite Youagreeandacknowledgethat:
(a) allfreeaccesstotheTradingSiteandotherservicesissubjecttoreasonableusage;and
(b) ifatanytimetheParticipantinitsdiscretionconsidersacustomer’susagetobeunreasonable,theParticipantmaysuspendorrefuseaccesstoitsservices,includingthe TradingSite.
15.0 Severance15.1IfanypartofanyoftheseTermsand
Conditionsisfoundtobevoidorunenforceableforunfairnessoranyotherreason(forexample,ifacourtorothertribunalorauthoritydeclaresitso),theremainingpartsofthesetermsandconditionswillcontinuetoapplyasifthevoidorunenforceableparthadneverexisted.
Things you’ll need to know about trading with us 6
1.0 DefinitionsTermswhicharedefinedinclause1.0oftheTermsandConditionsofOnlineAccesshavethesamemeaninginthesetermsandconditions.
TermswhicharedefinedintheASTCSettlementRuleshavethesamemeaninginthesetermsandconditions.
2.0 General2.1 Thesetermsandconditionsapplytoall
dealingsbetweenYouandtheParticipantandaresubjecttotheCorporationsAct(includingtheASICMarketIntegrityRules),therules,procedures,customs,usagesandpracticesoftheASXandtheASTCasamendedfromtimetotimeandinternationalanddomesticanti-moneylaunderingandcounter-terrorismlaws.
2.2 YouacknowledgethattheASXhasthepowertocancel,amendorrequirethecancellationoramendmentofmarkettransactionsorcrossingsandaccordinglyYouwillbeboundbyanydecisionrelatingtothecancellationoramendmentofamarkettransactionorcrossing.
2.3 EachdealingisalsosubjecttothetermsoftherelevantconfirmationissuedbytheParticipant,subjecttocorrectionoferrorsandomissions,andtheusualtradingguidelinesandpoliciesoftheParticipant.TherelevantconfirmationissubjecttoanyapplicablePrescribedRequirement,includingtheASXMarketRules,theASICMarketIntegrityRulesandtheCorporationsAct.
2.4 EachdealingconductedattheTradingSiteisalsosubjecttotheParticipant’sTermsandConditionsofOnlineAccesssetoutattheTradingSiteatthetimeofdealing,asamendedfromtimetotime.
2.5 IfYouaremorethanoneperson,thenallpersonsarejointlyandseverallyboundby thesetermsandconditions.
2.5AYouacknowledgeandagree: (a) Thatifyouorasignatoryappears
tobeaProscribedPerson,thentheParticipantmayimmediatelyrefusetoprocessorcompleteanytransactionordealingofyours;suspendtheprovisionofaproductorservicetoyou;refusetoallowortofacilitateanyofyourassets
heldbyustobeusedordealtwith;refusetomakeanyassetavailabletoyouortoanyotherProscribedPersonorentity;orterminatethesearrangementswithyou.The ParticipantwillbeundernoliabilitytoyouiftheParticipantdoesanyorallofthesethings.TheParticipant’srightsunderthisclauseareinadditiontoallotherrightswhichthe Participantmayhave.
(b) ThatiftheParticipantexercisesits rightsundersub-clause2.5A(a),youmustpaytheParticipantanydamages,losses,costsorexpensesthattheParticipantincursinrelationtoanyactiontakenundersub-clause 2.5A(a),includingwithoutlimitationadministrativecostsand/orcostsofsaleorpurchaseofanytransactionordealputinplaceforthepurposesofmeetingtheParticipant’sobligationsunderthese TermsandConditions.
2.6 YouacknowledgethattheParticipantreservestherighttorefuseanyapplicationtoopenasharetradingaccountintheParticipant’sabsolutediscretion.
2.7 YouacknowledgethattheParticipantreservestherighttoterminateorsuspendYourAccountatanytimewithoutpriornotice,if,forexample,wesuspectthat:
(a) YourAccounthasbeenaccessedfraudulently;
(b) YouareaProscribedPerson; (c) Youhaveattemptedmarket
manipulation;or (d) Youhavecommittedfraudulent,
illegalorunauthoriseddealingsonYourAccount.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemayterminateorsuspendYouraccesstotheTradingSiteandtheServicesforreasonsotherthantheonesmentionedabove.
2.8 YouagreetoenterintoaCHESSorParticipantSponsorshipAgreementwith theParticipant.
2.9 YouagreetoopenandmaintainaCashAccount(whichincludesanyformof
moneymarketaccount)asapprovedbytheParticipantfromtimetotime.YouagreethattheParticipantisirrevocablyauthorisedbyYoutooperatethisaccount(includingwithdrawalofmonies)onYourbehalftomeetYourobligationsunderthesetermsandconditions.
YouacknowledgethatYourCashAccountissubjecttosuchfeesandchargeschargedbythebankorthefinancialinstitutionfromtimetotime.
2.9AYouagreeandacknowledgethatallproceedsofYour‘Sell’ordersaretobepaidintoYourCashAccountoranybankaccountnominatedandauthorisedbyYouinwritingfromtimetotime.YouirrevocablydirecttheParticipanttodeductfromYourCashAccountfromtimetotime,andtothemaximumextentpermittedbytheCorporationsAct,anyandallamountsowedbyYoutotheParticipantunderorinconnectionwiththesetermsandconditions,includingwithoutlimitationanyamountsduetotheParticipantinrespectofanycosts,fees,expenses,taxesorreimbursements.
2.10YouagreethattheParticipantmayatanytimeandinitsdiscretionrequireYoutotransfertoanewCashAccount(whichincludesanyformofmoneymarketaccount)nominatedorapprovedbytheParticipant.YouirrevocablyauthorisetheParticipanttodoeverythingnecessaryonYourbehalftoarrangeandeffectthetransfertoanynewCashAccount.YouagreethatuponrequestbytheParticipant,Youwilldoeverythingnecessarytoeffectanysuchtransfer.Youalsoagreethatthetermsofclause2.9andtherestofthisAgreementwillapplytoanynewCashAccountestablished.
2.11WedonotenterintotradeswithYouonourbehalf,butwemaytradewithYouonbehalfofoneofourrelatedbodiescorporate,ortocloseoutanerrorposition.
3.0 Security identification3.1 Youwillnominateaconfidential
password,Username,orphoneidentificationpassword(collectively,‘IndividualUsername’)inorderthat
T’s & C’sTerms and Conditions of Your Share Trading Account
ThesetermsandconditionsapplytoYoursharetradingaccountwiththeParticipantinrelationtotheprovisionofstockbrokingexecution,clearing,settlementandotherservicesasofferedbytheParticipantfromtimetotime.
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YoumayidentifyYourselftoaccesstheTradingSiteoroverthephoneinorderto usetheServices.
3.2 YouandYourauthorisedrepresentative(s)aresolelyresponsiblefortheconfidentialityanduseofYourIndividualUsername.
YouwillnotifytheParticipantimmediatelyifYoubecomeawareofanylossortheftorunauthoriseduseofYourIndividualUsernameoranypartthereof.Aftersuchnotification,theParticipantshallassoonasreasonablypossibledisableaccesstoYourAccountforsuchIndividualUsernameandshallissueareplacementIndividualUsernameaccordingly.
3.3 TheParticipantisentitledtoassumethatanyinstructionreceivedcontainingalloranypartoftheIndividualUsernameoriginatesfromYouortheauthorisedrepresentativetowhomtheIndividualUsernameisassignedandthatsuchinstructionisavalidinstruction.TheParticipantisnotobligedtoinquireintothe validityofanysuchinstructionreceived.
3.4 TheParticipantdeemsthatthepersonusinganIndividualUsernameoranypartof itwhengivinginstructionsisthepersontowhomtheIndividualUsernameisassigned.
3.5 YouundertakenottorevealtheIndividualUsername,andnottoallowanyunauthorisedpersontoissueinstructionsonYourAccount.Youwillabidebythefollowing:– DonottellanyoneyourIndividual
UsernameorletanyonefindoutyourIndividualUsername–notevenfamilyorfriends.
– DonotletanyonewatchyouenteryourIndividualUsername.
– IfUsernamesareadvisedbyletteroremail,theParticipantsuggeststhattheybememorisedassoonastheletterisreceived.Thelettershouldthenbedestroyed.Thisisthe safest policy.
– MakeareasonableattempttodisguisetheIndividualUsernamein anyrecord–thatis,scramblethe detailsinsuchawaythatothers willnotbeabletodecode.
TheParticipantisnotliabletoreimburseyouifanunauthorisedtransactionoccursonyouraccountandyouoranyotheruserhavenotmadeareasonableattempttodisguiseanIndividualUsernameortopreventunauthorisedaccesstotheIndividualUsernamerecord.Forexample,theParticipantwillnotconsiderthatareasonableattempthasbeenmadetodisguiseanIndividualUsernameifyouor anyuseronly:– recordedtheIndividualUsername
in reverseorder;– recordedtheIndividualUsername
asaphonenumberwherenootherphonenumbersarerecorded;
– recordedtheIndividualUsernameasanumber,prefixedbyatelephoneareacode;
– recordedtheIndividualUsernameasaseriesofnumbersorwordswithanyofthemearmarked,circledorinsomewayhighlightedtoindicatetheIndividualUsername;
– recordedtheIndividualUsernamedisguisedasadate(eg9/6/63)wherenootherdatesarerecorded;
– recordedtheIndividualUsernamein aneasilyunderstoodcodeeg A=1, B=2etc;and
– self-selectedanIndividualUsernamewhichisanobviouswordornumberoronethatcanbefoundinapurseorwalletorcaneasilybeguessedbysomeoneelse(suchasadateofbirth,middlename,familymember’snameordriver’slicencenumber).
4.0 Your representations and warranties4.1 Youwarrantthatallinformationprovided
byYouonYourapplicationtoopenasharetradingaccountwiththeParticipant,orsuchotherinformationprovidedbyYoufromtimetotime,isaccurateandcomplete,andthattheParticipantmayrelyontheinformationprovidedbyYou.YouwillnotifytheParticipantinwritingwithinfiveBusinessDaysofanychangeintheinformationprovidedby You.
TheParticipantshallupdatesuchinformationontheParticipant’srecordsassoonasreasonablypossible.
4.2 Youacknowledgethat: (a) TheParticipantprovidesan
execution,clearingandsettlementserviceonlyanddoesnotgiveanyadviceorrecommendationinrelationtoYourdealings.
(b) TheParticipantdoesnotactonadiscretionarybasisonYourbehalf.
(c) YourelyonYourownjudgement,assessmentorevaluationinviewofYourfinancialsituation,investmentobjectivesandparticularneedsbeforeplacinganyorderwiththeParticipanttobuyorsellanyfinancialproductorgivinganyotherinstruction.
4.3 IfYouareatrusteeoranagent,Youareboundbythesetermsandconditionsasatrusteeoranagent,andpersonally.Youmustactinaccordancewiththetrustdeed,ifoneexists.IfYouareacorporation,thedirectorsarealsoboundbythesetermsandconditions.
4.4 YouwarrantthatYouhavethepowerand theauthoritytoagreetothesetermsandconditions,andtocarryoutYourobligationsunderthem.IfYouareacorporation,YouwarrantthatYouhold a validACN,ABNorARBN.
4.5 YouwarrantthatYouareandatalltimeswillbeinapositiontomeetallthe
commitmentsandobligationsarisingfrom YourdealingswiththeParticipant.
5.0 Instructions5.1 Wewillactonlywithintheparametersof
yourinstructions.5.2 TheParticipantreservestherightto
declinetoactonYourbehalforacceptYourinstructions:
(a) unlessYouhavedepositedinadvancewiththeParticipantsufficientclearedfundsinAustraliancurrencytocoverthefullvalueandcostsofany‘Buy’ordersandwhensuchfundsarethroughaforeignfinancialinstitution,bywayoftelegraphictransferonly;
(b) wheretheoriginalinstructionismorethan21calendardaysold;
(c) forwarrantsanddayonlyorders,onandfromthefollowingBusinessDayfromthedaytheorderorinstructionwasplaced;
(d) wherethesecurityorotherinvestmentmediumhasbeensubjecttoatradinghaltandYouhavenotreconfirmedYourinstructionafterthehalthasbeenlifted;
(e) whereYourinstructionsarebelievedbytheParticipanttobeunclear,ambiguousorincomplete;
(f) whereintheopinionoftheParticipant,Yourinstructionsbreachormaybreachanylaworstatutoryorotherregulatoryrequirements,includingwithoutlimitationanyrulesorregulationsoftheASX;
(g) wherethebasisofthequotationforthesecurityhaschangedandtheorderhasnotbeenreconfirmed;
(h) wheretheASXhaspurgedtheorderfromtheITS;
(i) wheretheParticipantbelievesthetransactionwouldresultinnochangeofbeneficialownership;or
(j) wheretheParticipantbelievesthetransactionwouldhavetheeffect,orislikelytohavetheeffect,ofcreatingafalseormisleadingappearanceofactivetradinginanysecuritiesorwithrespecttothemarketfor,or the priceof,anysecurities.
5.2ASellordersmaynotbeacceptedif: (a) thereareinsufficientunitsavailable
forsettlementinyourParticipantSponsoredHoldingssponsoredby us;or
(b) thereareinsufficientunitsavailableforsettlementinanIssuerSponsoredHoldingquotedbyYou;or
(c) aninvalidShareholderReferenceNumber(‘SRN’)forIssuerSponsoredstockissupplied;or
(d) morethanonevalidSRNforIssuerSponsoredstockissupplied; or
Things you’ll need to know about trading with us 8
(e) ifstockisParticipantSponsoredbya brokerotherthanus.
5.3 YouauthorisetheParticipanttoacceptinstructionsonYourbehalffromYourauthorisedrepresentative(s)and YouconfirmthatYourauthorisedrepresentativehasthepowertodothe followinginYournameandonYour behalf fromtimetotime.
(a) togiveinstructionstotheParticipantrelatingtoYourAccount;
(b) toacquire,buy,dealwithanddisposeof anyfinancialproduct;
(c) topayorreceivepaymentforanyfinancialproducttransactionsandrelatedexpensesandtogivegoodreceiptanddischargeforthefinancialproduct,proceedsandother monies;
(d) toexecuteallnecessaryorpropercontractsandotherdocumentsforthecustody,dealingandtransferoffinancialproductandrelatedmatters; and
(e) toexerciseallrightsandprivilegesandperformalldutiesandobligationswhichmaynoworin futureapplytoYouasaholder of financialproduct.
5.4 YouagreetoratifyandconfirmallactionscarriedoutbytheParticipantontheinstructionsofYourauthorisedrepresentative(s).
5.5 WhenYouaremorethanoneperson,theParticipantmayacceptinstructionsfromoneormoreofYouonbehalfofallofYou.
5.6 Youareresponsibleforfraudulent,illegalorunauthoriseddealingsonYourAccountwhichareattributabletoYourconduct,andYoureleaseanddischargeusfromliabilityinthisregard.
5.7 TheParticipanthastherighttorequestwrittenconfirmationofinstructionsbeforeactingonanyinstructionsfromYouorYourauthorisedrepresentative(s).
5.8 TheParticipantmayassumetheauthenticityofanyinstructionsgivenorpurportedlygivenorally,inwritingorbyelectronicmeans(includinganyelectronicinstructionswhichincludealloranypartofYourUsername)byYouorYourauthorisedrepresentative(s),orthatanypersonclaimingtobeYourauthorisedrepresentativeisinfactthatperson.TheParticipantisnotobligedtoenquireintoanyofthemattersmentionedinthisconditionandYouauthorisetheParticipanttoactuponsuchinstructionsbelievedbytheParticipanttobeauthentic.
5.9 TheParticipantwilluseitsbestendeavourstoexecuteYourinstructionsorordersacceptedbytheParticipant,buttheParticipantwillnotguaranteethatYourinstructionswillbewhollyorpartiallyexecutedorwillbeexecutedby a certain time.
5.9ATheParticipantwillnotberesponsibleforanylossorliabilityincurredbyyou
wheretheParticipantdoesnotreceiveyourinstructionsorwhereanydealingorproposeddealingisinterrupted,unabletobecompletedorunabletotakeplaceduetothefailureofanytelephone,computer,otherelectronicortechnologicalserviceprovidedbyusorthirdparties.
5.9BTheParticipantwillnotberesponsibleforanylossorliabilityincurredbyyouwheretheParticipantisunabletoreceiveoractonyourinstructionsduetocircumstancesbeyondourreasonablecontrol,e.g.riotorcivildisturbance.
5.9CIfYoupurchaseon-marketaholdingofrightsforasecuritythatistradedseparatelytothesecurity,YouacknowledgethatwemayautomaticallyexercisethoserightsonYourbehalfunlessyoutellusnottoexercisethem.
5.9DIfyoupurchaserights,theconfirmationwesendyouwillrequestpaymentofthecostoftherightspurchasedtogetherwiththeapplicationmoney.Ifyoudon’tintendtoexerciseyourrights,youmusttellusbeforesettlementday.Ifyouelecttonotexerciseyourrightsandhavepaidustheapplicationmoney,youmusttellus atleastfiveBusinessDayspriortoexpiryandwe’llcredityouraccountwiththeexerciseamount.
Ifyoufailtoadviseus,wewillproceedtoexerciseyourrightsandyouwillbeissuedwiththerelevantshares.Wecanonlyexerciseyourrightswhereyouhaveprovideduswithsufficientclearedfunds.
5.10YouacknowledgethatYourordersmaybepurgedfromthemarketsubjecttotherules,procedures,customs,usagesandpracticesoftheASXwithoutnoticetoYou.YoufurtheracknowledgethattheParticipantisnotobligedtonotifyYouofanyorderswhicharepurgedfromthemarket,althoughtheParticipantwillmakeallreasonableendeavourstonotifyYouof such.TheParticipantisnotliableifYoudonotreceivenotificationinthisregard.AnorderthatiscancelledorpurgedbytheASXwillnotbereinstatedbytheParticipantwithoutinstructionsfromYou.
5.11YouauthoriseandappointtheParticipant,eachofitsdirectorsandeachofitsemployeesasYourattorneytoenterintoanycontractoragreementwithanotherpartyonYourbehalfuponreceivingYourinstructions(suchinstructionsmaybegivenbyYouelectronicallyandacceptedbytheParticipantinaccordancewithclause5.9)todoso.YouacknowledgethatallliabilityforsuchcontractsisYoursalone.YouwillindemnifytheParticipantagainstallloss,expenseoranyotherliabilityinrelationto suchcontractsor agreements.
5.12YouauthorisetheParticipanttorecordanytelephonecommunicationsbetweenYourself,YourauthorisedrepresentativesandtheParticipant,withorwithoutanaudibletone-warningdevice.Youacknowledgethatanyrecordingisthe
Participant’spropertyandthattheParticipantreservestherighttochargeyouacostrecoveryfeeforaccesstoarecording.Youshallrecordallrelevantdetailsofanyconversationyouhavewithus,includingthenameoftheoperatorandthedateandtimeofthecall,andyouacknowledgethattheParticipantwillaskyouforthisinformationwhenyouseekaccesstoarecording.
5.13Incaseofdispute,theParticipant’srecordsofelectronicortelephonecommunicationsorfacsimiletransmissionshallbeconclusiveevidenceofthedetailsofthecommunicationsbyemail,Internet,telephoneorfacsimile(asthecasemaybe)betweenYouandtheParticipant.
5.14IfYourequesttheParticipanttoprovideyouwithemailorSMSmessagealerts(‘Alerts’),YouagreetobeboundbytheTermsandConditionsforSubscriptions,PackagesandAlerts,whichcanbefoundontheonlineinvestingwebsite.
5.15YouacknowledgethatyouraccesstoAlertsdependsonfactorsoutsideourcontrol,includinganydisruption,failureor malfunctioninanypartoftheinternetorSMSnetwork.Accessmayalsobelimitedorunavailableduringperiodsofpeakdemand,systemsinterference,damageormaintenance,orforotherreasons.We acceptnoliabilityifanalertmessageis notsentornotreceivedforanyreason.
5.16ThefeesandchargesapplicabletoYouraccountcanbelocatedintheParticipant’sFinancialServicesGuideor ontheTradingSite.
5.17Whereyouhaveamarginlendingaccount,youacknowledgethatyouareliablefor:
(i) allsettlementobligationsirrespectiveofwhetheryourmarginlenderisabletodeliversufficientsecuritiesorfundstosatisfyyourobligations;
(ii) anyover-soldpositionsonyouraccount;and
(iii) paymentofmoniesowingonyouraccountirrespectiveofwhetherthemarginlenderwilladvanceyouthosemonies.
5.18YouacknowledgethattheParticipantisnotresponsibleformissedmarketopportunitiesduringthetimeittakestheParticipanttofollowitsinternalprocedures,e.g.openingaccounts,transferringParticipantSponsoredHoldings,confirmingyour identity.
5.19: (a) YouacknowledgethattheParticipant
willmakeallreasonableattemptstoenteryourinstructionstobuyorsellsecuritiesasquicklyaspossible.However,shoulddelaysbe experienced:
(i) inconnectionwiththenumberofParticipantsorpersonsattemptingto participateinthe marketatapointintime;
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(ii) duetoverificationorauthorisationprocesses;or
(iii) duetodelaysresultingfromcall waitingtimeoradherenceto internalprocedures,
theParticipantwillnotbeliableforanyclaimsforlostopportunity.
(b) YouacknowledgethattheParticipantwillmakeallreasonableattemptstoeffectanyinstructionstocanceloramendordersasquicklyaspossible.However,shouldanorderbefilledpriortoacancellationoramendmentinstructionbeingeffected,youwillbeobligedtoacceptthetransaction(s)ontheoriginalterms.Whileallreasonableattemptswillbemadetoinformyouwhentheorderisfilledpriortoanamendmentorcancellationinstructionbeingeffected,theParticipantisnotobligedtodoso.
(c) Youacknowledgeandacceptthattheremaybedelaysinprocessingbetweenthetimeanamendmentorcancellationinstructionisdealtwithbyusandthetimetheamendmentorcancellationiseffectedon-market.Intheeventanorderisfilledbetweenthetimeithasbeen‘approved’bytheParticipantandthetimetheParticipanteffectstheinstructionon-market,youwillbeobligedtoacceptthetransactionontheoriginal terms.
(d) Ifyouareuncertainastowhetheryourorderhasbeenreceived,youwillmakeallreasonableattemptsto verifywhethertheorderhasbeenreceived,approvedandeffectedpriortotakinganyfurtheraction.You agreetoissuespecificcancellationoramendmentinstructionswithrespecttoanexistingorderandnottoattempttoeffectsuchchangesbyplacingasecondorduplicateorder.Youwillbesolelyresponsibleandliableforanyduplicateinstructionthatyouplace.
(e) YouacknowledgethattheParticipantisnotliabletoyouforanylossyouincurunderasharepurchaseplanduetoasellerorbuyerortheirbrokerfailingtocompleteatransactioninaccordancewiththerulesorproceduresofthemarket,theclearingfacilityorthesettlementfacility.
(f) Ifyoupurchaseon-marketaholdingofrightsforasecuritythatistradedseparatelytothesecurity,youacknowledgethattheParticipantautomaticallyexercisesthoserightsonyourbehalfunlessyoutelltheParticipant nottoexercisethem.
(g) Inthecourseofprocessingasellorderforasecurity,theParticipantmayremoveyourholdingofthesecurityfromtheregisterbeforethe
duedateforsettlementundertheASXMarketRules.
(h) If,initsreasonableopinion,theParticipantbelievesthereisadisputebetweenyouandtheParticipantaboutanorderorinstructionyouhavegiventheParticipant,forexample,thenumberofsharesyouhaveaskedtheParticipanttobuy,orthebidpriceforshares,theParticipantmaytake,withoutpriornoticetoyou,anyactionwhichinitsreasonableopiniontheParticipantconsidersnecessarytocloseanyopenpositionthesubjectofthedispute,forexample,bysellingshares.
(i) Youacknowledgethat,duetomarketconditions,theParticipantmaycompleteyourorderbymultiplemarkettransactionsandyouauthorisetheParticipanttoaccumulatethosetransactionsona singleconfirmationandspecifythe volumeweightedaveragepriceforthosemarkettransactions.
5.20YouacknowledgeandagreethatweareentitledtocancelorreverseadealingororderwithoutfurtherreferencetoyouwheretheASXhasrecommendedorrequiredcancellationorreversalformarketintegrityreasons,orwherethemarketwasoperatingunderanerror,orwherethecancellationorreversalispermittedundertheASXMarketRules.
5.21Youacknowledgeandagreethatallordersmustbesubmittedeither‘AtMarket’or‘AtLimit’.‘AtMarket’orderscannotbeacceptedoutsideofmarkethoursorwhentradinginaparticularstockishalted/suspended.
5.22Youacknowledgeandagreethata‘market’orderisanorderplacedateitherthebestbidpricewhensellingsharesoratthebestaskpricewhenbuyingshares.Ifthereisinsufficientvolumetofillyourorderquantity,thentheremainingportionwillremainonthemarketatthispriceasalimitorder.Whenplacingmarketorders,youneedtobeawarethatsomestockscanbevolatile,andthecurrentquotethatyouseemaybedifferentfromthepriceatwhichyourordertransacts.
5.23Youacknowledgeandagreethatan‘AtLimit’orderwillnotbeaccepted,withoutanyadvicetoyou,ifweconsiderthelimitpricetobetoofarawayfromtheprevailingmarketpriceofthatstock.
5.24YouacknowledgeandagreethatallOrderscanbeamendedorcancelledprovidedtheorderhasnotalreadybeen executed.
6.0 Straight-through processing6.1 TheParticipanthasprovidedYouwith
accesstoSTP.6.2 Youacknowledgethefollowinginrelation
toYouraccesstoSTP:
(a) anyordersplacedbyYouusingSTPwillneedtomeetfilterssetbytheParticipantfromtimetotime.TheParticipantmayamenditsfiltersfromtimetotimewithoutnotification.TheParticipantisnotrequiredtoinformYouwhatthefiltersare;
(b) thatitispossibleforanorderplacedbyYoutobematchedwithanotherorderalsoplacedbytheParticipant.This‘crossing’maybewithanorderbyanotherclientoftheParticipant.TheParticipantmayasaresultreceivebrokeragefrombothclients;
(c) thatSTPisonlyavailableon‘limit’ordersforsecuritieswithanormalstatus(i.e.notsuspendedorinatradinghalt)andisoperatedbetweenthehoursof9.30amand4pm(Sydneytime);
(d) ‘AtMarket’orderscanonlybeacceptedduringmarkethours(10am–4pm(Sydneytime)),insecuritieswithanormalstatus(i.e.notsuspendedorinatradinghalt).STPisavailableonmarketorders;
(e) IfYourorderdoesnotpassthefilters,thenitwillbereferredtoaDesignatedTradingRepresentative(‘DTR’)forevaluation.InsomecasestheDTRhastheauthoritynottoplacetheorderon-marketuntilYoubecomecontactabletoconfirmtheorder.TheParticipantisnotliableforanydelaysinplacingYourorderasaresultorforYourordernotbeingplacedatall;andthattheITSoperatingscheduledefinesthevariousphasesofITSandatwhattimetheyhappen.
Youareawarethatanimportantpointistheopeningphase,inwhichthemarketopeningtimesarestaggereddependingonthestartingletteroftheASXcode.ITSwillnotallowinputofordersduringtheseopeningtimes.Thescheduleintheappendixapproximatelydescribesthesevariousphases.
6.3 YouacknowledgethattheParticipant,astradingParticipant,mustensuretheconductofanorderlymarketandpreventmanipulativetrading,includinginsidertrading,falsetrading,marketriggingandsuspecttransactions.Therefore,inutilisingSTPYoushouldrealisethatanordermaybescrutinisedbyboththefiltersandaDTR.
6.4 YouacknowledgethattheParticipantisrequiredtopreventabid,offerordealingifanyclientintendstocreate,or takingintoaccountthecircumstancesoftheorder,theParticipantreasonablysuspectsthattheclienthasplacedtheorderwiththeintentionofcreatingafalseormisleadingappearanceofactivetradinginanyfinancialproductorwith
Things you’ll need to know about trading with us 10
respecttothemarketfor,orthepriceof,anyfinancialproduct,ormarketriggingor manipulationorsuspecttransactions.
YouacknowledgeandagreethattheParticipantreservestherighttodeclinetoactonYourbehalforacceptYourinstructionsorprocessanyordersplacedthroughSTPwhere,intheopinionoftheParticipant,Yourinstructionsbreachormaybreachanylaworstatutoryorotherregulatoryrequirements(includingwithout limitationanyrulesorregulationsoftheASX).
6.5 TheParticipantreservestherighttoterminateYouraccesstoSTPatanytimeintheParticipant’sabsolutediscretion.If,forexample,YourAccounthashadfrequentfailedsettlements,orwesuspectthat:
(a) YourAccounthasbeenaccessedfraudulently;
(b) YouareaProscribedPerson;
(c) Youhaveattemptedmarketmanipulation;or
(d) Youhavecommittedfraudulent,illegalorunauthoriseddealingsonYourAccount.
Withoutlimitingourrightsunderparagraphs(a)to(d),wemayterminateorsuspendYouraccesstotheTradingSiteandtheServicesforreasonsotherthantheonesmentionedabove.
7.0 Payments and indemnity7.1 YouwillpaytheParticipantbrokerage
feesandchargesasspecifiedbytheParticipantfromtimetotime;andreimbursetheParticipantforanyfees,taxes,consumptionorvalue-addedtax,stampdutyoranyotherchargesleviedinrelationtoeachtransaction.TheParticipantreservestherighttovarysuchfeesandcharges,andmethodofcharging,atanytimeandwithoutprior notice.
7.1AIfyousubscribetoaserviceforwhichwechargefeesinarrears,wewillchargethefeeonamonthlybasis.Wewilldebityouraccountattheendofeachcalendarmonth.Thefirstmonthwillbetheperiodfromthedatewhenyousubscribetotheendofthecalendarmonth.
7.2 Ifthegoodsandservicestax(‘GST’)hasapplicationtoanysupplymadebytheParticipantunderorinconnectionwithYourAccountwiththeParticipantunderthesetermsandconditions,theParticipantwill,inadditiontoanyamountorconsiderationpayableunderthesetermsandconditions,recoverfromYouanadditionalamountonaccountoftheapplicableGST.
7.3 YouagreethattheParticipantmayreceivecommissionsfromtheissuersoffinancialproductsorfromanyotherpartyarisingfromYouruseofYourAccount
andtheParticipantisnotobligedtorebatethesecommissionstoYou.IfyouhavebeenreferredtotheParticipantbyaReferrerfortheParticipanttoprovideYouwithtrading,settlement,clearingorotherservices,theParticipantmaypassupto100%ofthosecommissionstothe Referrer.
7.4 YouagreethattheParticipantmaypaycommissionsonbrokerage,andotherfeesandchargesreceivedbytheParticipantfromYoubasedontradesenteredintobyYou.
7.5 YouacknowledgethatYourordermaybematchedwithanorderorordersofanotherclientoftheParticipant.Ifthisoccurs,YouagreethattheParticipantmay receivebrokeragefrombothpartiestothetrade.
7.6 YouirrevocablyauthorisetheParticipanttoappropriateanypayments,remittancesorreceiptsfromYouorforYourAccountinsuchmannerandorderofpriorityastheParticipantdeemsfitagainstanyamountsowingbyYoutotheParticipantorarelatedentityoftheParticipant.
7.7 YouwillindemnifytheParticipant,itsdirectorsanditsemployeesagainstallactions,claims,demandsandproceedings,expensesandlosses(includinglegalcostsonasolicitorandclientbasis)reasonablyincurred,directlyorindirectlybytheParticipantasaresultofundertakingorexecutingYourinstructionsorordersoranyfailurebyYoutocomplywiththisAgreement,theCorporationsAct,theASICMarketIntegrityRules,theASXMarketRules,theASTCSettlementRules,andthecustoms,procedures,usagesorpracticesoftheASX,orYouruseofYourAccountwiththeParticipant.
7.8 Anyexpenses,costsordisbursementsreasonablyincurredbytheParticipantinrecoveringanyoutstandingmoniesfromYou,includingdebtcollectionagencyfeesandsolicitorscosts,shallbepaidbyYou.YouindemnifytheParticipantinrespectofallsuchexpenses,costsordisbursements.
7.9 TheParticipantisentitledtoretainanyfinancialproductoramountsduetoYoupendingpaymentofanyamountsduetotheParticipantandtosetoffamountsduetotheParticipantagainstamountsthattheParticipantholdsforYouinanyaccount.IfYoufailtomakepaymenttotheParticipant,theParticipanthasagenerallienoverandpowertosellorrealiseanyfinancialproducttheParticipantholdsforYou.
7.10IftheParticipantapprovesaTradingLimittobeappliedtoYouorYourAccount,YoumustensureYouhavesufficientclearedfundsinYourCashAccountatthetimeofthetransactiontosettleyourobligationstotheParticipantorarelatedpartyofthe Participant.
8.0 Failure to settle 8.1 IfyouhaveauthorisedtheParticipant
todirectdebitYourCashAccount,thetransferofclearedfundswilloccuronthedayofsettlementofthetransaction.Ifthedirectdebitfailsforanyreason,Youwillberequiredtoremitclearedfundsvia BPAY®.
8.2 IfYouhavenotauthorisedtheParticipanttodirectdebitYourCashAccount,Youwillberequiredtohaveclearedfundsavailablepriortoatransactionbeingallowedtoproceed.
8.3 IfYoufailtosettlebysettlementdateforanytransactionarisingfromYourinstructions,YouagreetopaytotheParticipantondemandinterestonanyoutstandingamountarisingfromthefailureatarateequalto5%abovetheWestpacBankingCorporationOverdraftIndexratecalculateddailyfromtheduedatetothedateofpayment.
Youalsoagreetopayanyfailfeesarisingfromthefailuretosettle.
8.4 If,bythesettlementdate,YouhavenotmadefullpaymentsforYourpurchasesorgooddeliveryforYoursales,andademandforpaymenthasbeenmade,thenYouauthorisetheParticipanttosellorbuybackonYourbehalfatYourriskandexpense(includingwithoutlimitation,brokerage,stampdutyandothercosts)anyfinancialproductthatisthesubjectoftheconfirmationoranyfinancialproductoutstandinginYourAccountoranyofYourfinancialproductsintheParticipant’scontrolorpossession(except,ineachcase,sharesintheCommonwealthBankofAustralia)andapplytheproceedsinreductionofYourliabilitytotheParticipantandYouirrevocablyauthorisetheParticipant,eachofitsdirectorsandeachofitsemployeesasYourattorneyto giveinstructionsaccordingly.
8.5 TheParticipantreservestherighttoreduceorremoveanyTradingLimitifsuchTradingLimitappliestoYouorYour Account.
8.6 IfYoufailtosettleanytransactionsbythe settlementdate,anyTradingLimitthatmayapplytoYouorYourAccountmaybedowngradedorremovedatthediscretionoftheParticipant.
9.0 Other authorities and acknowledgements
9.1 YouauthorisetheParticipanttoprovideinformationaboutYoutoanyofitsrelatedbodiescorporate(asdefinedintheCorporationsAct)andtheirrespectiveofficersandemployees(foraccountingandotherpurposes,includingmarketingfurtherservicestoyou).IfyouhavebeenreferredtotheParticipantbyaReferrerfortheParticipanttoprovideYouwithtrading,settlement,clearingorotherservices,YoualsoauthorisetheParticipanttosupplyinformationaboutYou(thatthe
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Participantmaycollectorholdfromtimetotime)totheReferreranditsrelatedbodiescorporate.Theinformationmayinclude,butisnotlimitedto,detailsofordersplacedandtradesenteredintobyYou,othertransactionsconductedbyYouthroughor inconnectionwiththeTradingSite,and otherinformationconcerningYouthattheParticipantmayreceivefromYouruseoftheTradingSiteoranyassociatedwebsite,butexcludingsecuritydetails.YouauthorisetheReferreranditsrelatedbodiescorporatetouseYourinformationtocalculateanycommissionsduetoitfromtheParticipantbasedontradesandservicesenteredintobyYouandtouseYourinformationinmarketingfurtherservicestoYou.
9.2 YouauthorisetheParticipantorReferrertoprovideinformationaboutYouandYourtransactionstoASX,ASTC,ASICand otherregulatorsasrequiredbyanyof themfromtimetotime.
9.3 YouauthorisetheParticipanttoproviderelevantinformationaboutYoutoacredit-reportingagencyinrelationtothe establishmentofYourAccountandinrelationtotherecoveryofanyoverdue payments.
9.4 Youconfirmeither: (a) youhavereadyaccesstothe
internet,andconsenttoreceivingtheParticipant’sandWestpacSecurities’FinancialServicesGuidesthroughtheTradingSiteorbyemail;or
(b) youhaveotherwisereceivedtheseFinancialServicesGuidesinpersonorbypost,faxoremail.
Ineithercase,YoufurtheracknowledgethatYouwillhavereadandunderstoodthoseFinancialServicesGuidescontainedontheTradingSitepriortoreceivinganyfinancialservicefromtheReferrerandParticipantandpriortomakinganydecisiontoinvest.YoumaycontactusatanytimetorequestacopyofthoseFinancialServicesGuidesbesenttoyoubypost,faxoremail.
9.5 YouacknowledgethatYouhavereadandunderstoodtheParticipant’sprivacypolicyandtheWestpacSecuritiesprivacypolicycontainedontheTradingSite.ByconductingatradethroughtheTradingSite,YouagreeandacknowledgethattheParticipantandWestpacSecuritiesmayexchangeanddealwithYourinformationinaccordancewiththeirrespectiveprivacypolicy(as amended fromtimetotime).
9.6 YouacknowledgethatYouhavereadandunderstoodtheParticipant’s‘FairGoPolicy’inclause14.0oftheOnlineAccessTermsandConditions.YouagreethatYouwillaccessandusetheTradingSiteinaccordancewiththeFairGoPolicy(asamendedfromtimetotime).In particular,byaccessingtheTrading
Site Youagreeandacknowledgethat: (a) allfreeaccesstotheTradingSite
andotherservicesissubjecttoreasonableusage;and
(b) ifatanytimetheParticipantinitsdiscretionconsidersacustomer’susagetobeunreasonable,theParticipantmaysuspendorrefuseaccesstoitsservices,includingthe TradingSite.
9.7 IfYouwishtodealinWarrants,Youagree that:
(a) YouhavereceivedandreadacopyoftheexplanatorybookletissuedbytheAustralianSecuritiesExchangeLimited(theASX)inrespectofWarrants.
(b) YouareawarethataWarranthasalimitedlifeandcannotbetradedafteritsexpirydate.
(c) YouareawarethatWarrantsdonothavestandardisedTermsofIssueandacknowledgethatitisYourresponsibilitytobecomeawareoftheTermsofIssueofanyWarrantin whichYouchoosetoinvest.
(d) YouareawarethatWarrantsmaybe subjecttoadjustmentsaftertheirinitialissue.YouacknowledgethatitisYourresponsibilitytobecomeawareofanyadjustmentswhichmayhavebeenmadetoanyWarrantinwhichYouchoosetoinvest.
(e) YouareawarethatadmissiontoTradingStatusofaWarrantdoesnotimplythattheASXortheSecuritiesExchangesGuaranteeCorporationsLimitedgivesanyguaranteeorwarrantyastotheviabilityoftheWarrant-IssuerorGuarantor;YouacknowledgethatfailureoftheWarrant-IssuerortheGuarantor(if applicable)tofulfiltheirobligationsdoesnotgiverisetoclaimagainstASX,handlingMarketParticipantsortheSecuritiesExchangesGuaranteeCorporationsLimited.
(f) YouacknowledgethataWarrantAgreementFormisrequiredtobecompletedandsignedasaprerequisitetotradinginWarrants.
10.0 Liability10.1Youacknowledgethatthesystemsused
inthemarketorattheParticipantarevulnerabletodisruptionsorfailure,whichmayresultinYourordernotbeingexecutedordelayedaccordingtoYourinstructions.YoureleasetheParticipantfromanyloss,damageorliabilitythatYoumaysufferorincurbyreasonoforinconnectionwithany suchdisruptionor failure.
10.2Tothemaximumextentpermittedbylaw,YouacknowledgethattheParticipantwillnotbeliabletoYouoranyoneelseforanylossordamage,whetherdirectorindirect,special,incidentalorconsequentialoreconomic(includinglossofprofits),
whetherornottheParticipantkneworcouldhaveknownofthepossibilityofsuchdamage,wherethatdamagearises from:
(a) delay,interruption,omission,failure,errororfaultintheexecutionofYourinstructions;
(b) delayintheexecutionofYourinstructionsarisingfromareviewofYourinstructionsbytheParticipant;
(c) anyerror,omissions,non-receiptorinvalidityinYourinstructions;
(d) anyfault,error,defectorengineeringoftheTradingSiteortheParticipant’scomputersystems,oranydelay,fault,failureinorlossofaccesstotheTradingSite;and
(e) anycausebeyondthereasonablecontroloftheParticipant,including,butnotlimitedto,failureofelectronicormechanicalequipmentorcommunicationlines,unauthorisedaccessorlabourproblems.
10.3Nothinginsub-clauses10.1,10.2and10.4shallexcludeanyimpliedconditionorwarrantyforyourbenefittheexclusionofwhichwouldcontraveneanystatuteorcauseanypartofthesetermsandconditionstobevoidorinvalid.
10.4Tothemaximumextentthatliabilitycanbelimited,YouagreethattheParticipant’sliabilityislimitedtothecost ofresupplyingitsservices.
11.0 Variation and termination11.1YoumayterminateYourAccountby
givingnotlessthanfiveBusinessDayswrittennoticetotheParticipant,subjecttoalloutstandingobligationsbeingdulydischarged.
11.2IfyouuseaWestpacCashInvestmentAccountforsettlementofsecuritiesandpaymentforservicesandyouchosetoterminateYourAccountinaccordancewithclause11.1,youagreetocloseyourWestpacCashInvestmentAccountpriortoterminatingYourAccount.
11.3YouacknowledgethatifyouceasetouseeitherWestpacCashInvestmentAccountoraWestpacDIYSuperWorkingAccountfor thesettlementofsecuritiesorpaymentforServices,thediscountedbrokeragerateasspecifiedbytheParticipantfromtimetotimewillnolongerapplytoYourAccount.
11.4TheParticipantmayterminateYourAccountatanytimeandwithoutpriornotice,subjecttoalloutstandingobligationsbeingfullydischarged.
11.5TheParticipantreservestherighttovarythesetermsandconditionsandtheservicestowhichtheyrelateto:
(a) add,changeorremoveanyconcessionsorbenefits;
Things you’ll need to know about trading with us 12
(b) adoptorimplementanylegalrequirement,decision,recommendation,regulatoryguidanceorstandardofanycourt,tribunal,orombudsmanserviceregulator;
(c) accommodatechangesintheneedsorrequirementsofourclients,suchasnewproductfeaturesorservices;
(d) correcterrors,inconsistencies,inadvertentomissions,inaccuraciesor ambiguities;
(e) bringusintolinewithourcompetitors,industryormarketpracticeorbestpracticeinAustraliaoroverseas;or
(f) reflectchangesintechnologyorourprocessesincludingourcomputersystems.
Eachofthechangesinparagraphs(a)to(f)isaseparaterightandthisclauseistobereadasifsuchchangewasaseparatelyexpressedright.
Withoutlimitingourrightsunderparagraphs(a)to(f),wemayfromtimetotimechangeanyofthetermsandconditionsforreasonsotherthantheonesmentionedabove(e.g.duetounforeseenevents).
AnysuchvariationshallapplytoalldealingsbetweenYouandtheParticipantonandfromthedayonwhichthevariationtakeseffect.
IftheParticipantvariestheseterms,conditionsand/orservices,theParticipantwillgivenotlessthanseven(7)daysnoticetoyouatthepostalorelectronicaddresslastnotifiedtotheParticipantbyyou,orattheParticipant’swebsite.
Also,theParticipantmayuseourIVRfacilitytonotifyyouofamendment(s),andprovideinformationaboutwhereyoucanaccessfulldetailsoftheamendment(s).
11.6However,theParticipantdoesnotneedtogiveYouadvancenoticewhereanyvariationofthesetermsandconditionsisrequiredtocomplywithaprescribedrequirementorisnecessitatedbyanimmediateneedtorestoreormaintainthesecurityofthesystemor individual accounts.
11.7YoumaybynoticerequestthatwenovatetheseConditions,includinganyconditionsforotherserviceswhichweprovidetoyou(‘theseConditions’)toanotherServiceProvider(‘NewCompany’)andtheseConditionswillbetakentohavebeennovatedtotheNewCompanyandwillbebindingonallpartiesasif,onthedatespecifiedinthenotice:
(a) theNewCompanyisapartytotheseConditionsinsubstitutionforus;
(b) anyofourrightsaretransferredtotheNewCompany;and
(c) youreleaseusfromanyobligationsarisingonorafterthedatespecifiedinthenotice.
11.8Wewillactinrelationtoanylawfuldirectiongivenbyyoutoustotransferto theNewCompany(orsuchotherplaceyoudirect)anymoneyorpropertyweholdonyourbehalf.
12.0 Notice12.1Anynoticegiven,ordemandmade,by
theParticipantmaybemadebyfacsimile,bypostorbyemailtothelastnotifiedaddress,facsimilenumberoremailaddressasthecasemaybe.Suchnoticeordemandshallbedeemedtohavebeenreceived:
(a) ifgivenbypost,willbedeemedtohavebeenreceivedonthethirdBusinessDayfollowingposting;
(b) ifgivenbyfacsimile,willbedeemedtohavebeenreceiveduponproductionofatransmissionreportbythemachinefromwhichthefacsimilewassentwhichindicatesthatthefacsimilewassentinitsentiretytothefacsimilenumberof therecipient;
(c) whensentbyemail,onehouraftertheParticipantsendsit;and
(d) ifgiventousbyemail,willbedeemedtohavebeenreceiveduponbeingopenedby us.
12.2TheParticipantatitsdiscretionmaysendanyconfirmationinrelationtoany transactiononYourbehalfby:
(i) pre-paidposttoYourlastnotifiedaddress.SuchconfirmationshallbedeemedtohavebeenreceivedontheBusinessDayfollowingposting;or
(ii) email,facsimiletransmissionorelectronicdatainterchange(includingovertheWorldWideWeb)toYourlastnotifiedemailaddressorfacsimilenumberwhensuchaddressornumberisprovidedbyYou.YouacknowledgethatYouconsenttoreceivingYourconfirmationsbysuch electroniccommunication.
YoufurtheracknowledgethattheconditionssetoutinASXMarketRules8.9applytosuchconfirmations.AnyconfirmationsenttoYoubysuchelectroniccommunicationshallbedeemedtobereceivedonthedayit was sent.
13.0 Dispute resolution13.1AnydisputesbetweenYouandthe
ParticipantwillbereferredtotheFinancialOmbudsmanService(‘FOS’)ifthedisputeiswithinthejurisdictionofFOS.IfthedisputeisnotwithinthejurisdictionofFOS,orcannotbesettledthroughitsprocesses,thepartieswillappointamediatorandattendmediationinordertoresolvethedispute.
14.0 Applicable law14.1ThisAgreementissubjecttothelaws
oftheStateofNewSouthWales,andthepartiesagreetosubmittothenon-exclusivejurisdictionofthecourtsofNewSouthWales,buttheParticipantmaycommenceproceedingsinanothercompetentjurisdiction.
15.0 Guarantee and indemnity15.1Ifyouareabodycorporate,you
acknowledgethatwereservetherighttorequestaguaranteefromalloranyoneofyourdirectorsinsuchformaswemayreasonablyrequirerelatingtoyourobligationsunderthesearrangements.
16.0 Anti-Money Laundering and Counter-Terrorism Financing Act 2006
16.1TheParticipantandtheReferrer(inthisclause16.0,‘we’,‘us’or‘our’)areboundbylawsrelatingtothepreventionofmoneylaunderingandthefinancingofterrorism,includingtheAnti-Money Laundering and Counter-Terrorism Financing Act 2006andtheAnti-MoneyLaunderingandCounter-TerrorismFinancingRulesInstruments(AML/CTFlaws)andhaveadoptedanAML/CTFprograminaccordancewiththerequirementsoftheAML/CTFlawsandthevariousguidelinesandpublicationsproducedbytheAustralianTransactionReportsandAnalysisCentre(theAML/CTF Programs).
16.2YoucannotopenasharetradingaccountunlessYouhaveprovidedsufficientidentificationandthatidentificationhasbeenverifiedinaccordancewiththeAML/CTFProgramandAML/CTFlaws.
16.3Byopeningandusingasharetradingaccount,Youagreethat:
(a) YoudonotacquiretheServiceunderanassumedname;
(b) anyproductsorservicesprovided,subjecttothesetermsandconditions,willnotbeusedinrelationtoanycriminalactivitiesoranyactivitieswhichbreachlawsorsanctions;
(c) ifweask,YouwillprovideuswithadditionalinformationwereasonablyrequireforthepurposesofAML/CTFlaws;
(d) wemayobtaininformationaboutyoufromthirdpartiesifwebelievethisisnecessarytocomplywithAML/CTFlaws;
(e) wemaydiscloseinformationwhichtheyholdaboutYouorYourconducttoourrelatedbodiescorporate;
(f) inordertocomplywithAML/CTFlaws,wemayberequiredtotakeaction,including:
(i) delayingorrefusingarequestforproductsorservices;or
(ii) monitoringYourconductinrelationtotheprovisionoftheproductorservices;or
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(g) wemaydiscloseinformationthatweholdaboutYouorYourconducttoourserviceproviders,relevantregulatorsofAML/CTFlaws,orotherparties(whetherinoroutsideofAustralia),includingusandourrelatedbodiescorporate,andifwedosowemaybeobligedunderAML/CTFlawsnottoinformYouofthis;and
(h) wearenotliableforanyloss,claim,liabilityorexpenseYousufferorincur(includingconsequentialloss)asaresultofustakinganyactionreferredtoaboveandYouindemnifyusforanyloss,claim,liabilityorexpensewemaysufferorincur(includingconsequentialloss)fromexercisinganyrightunderthisclauseorfromanybreachbyYouofyouragreementinthisclause.
17.0 Complaints(a) Ifyouarenotsatisfiedwiththeservice
oradviceyoureceivefromus,youareentitledtocomplain.Wehaveestablishedprocedurestoensurethatallenquiriesandcomplaintsareproperlyconsideredanddealtwith.
Tosaveyourselfvaluabletime,gatherallthefactsanddocumentsaboutthecomplaint,thinkaboutthequestionsyou wantansweredanddecidewhatyou wantustodo.
(b) Youcancontactusinanyofthefollowing ways:
Mail WestpacSecuritiesReplyPaid85157AustraliaSquareNSW1214
Telephone13 13 31MondaytoFriday,between7amand7pm(Sydneytime)
Facsimile 1300130493
(c) YoucanobtainacopyofourComplaintsHandlingPolicybycontactingusasdetailedabove.Aresponsewillbepreparedtoensureallmattersyouraiseareinvestigatedandrespondedtofully.
(d) Unlessthereareexceptionalcircumstances,wewillcompleteourinvestigationwithin45daysofreceiptofyourcomplaint.Ifweareunabletoresolveacomplaintwithin45days,we will:
(i) informyouofthereasonsforthedelay; (ii) provideyouwithmonthlyupdates
on progresswiththedispute;and (iii) specifyadatewhenadecision
can reasonablybeexpected, unlesswearewaitingforaresponsefrom
youwhichwehavetoldyouwerequire.(e) Ifyouarenotsatisfiedwithourresponse
andwishtoproceedfurther,youmayreferthemattertoanindependentcomplainthandlingbody.
TheParticipantisamemberoftheFinancialOmbudsmanServiceLimited(‘FOS’),abodyrecognisedbyASIC.
(f) Forfurtherinformation,pleasecontactFOSat:
MailGPOBox3MelbourneVIC3001
Telephone1300780808
Facsimile(03)96136399
Internetwww.fos.org.au
18.0 Severance18.1IfanypartofanyoftheseTermsand
Conditionsisfoundtobevoidorunenforceableforunfairnessoranyotherreason(forexample,ifacourtorothertribunalorauthoritydeclaresitso),theremainingpartsofthesetermsandconditionswillcontinuetoapplyasifthevoidorunenforceableparthadneverexisted.
Things you’ll need to know about trading with us 14
1. Weaccept,administerandimplementaConditionalOrderInstruction,oravariationorcancellationofaConditionalOrderInstruction,inaccordancewiththesetermsandconditions.
2. Youagreetobeboundbythesetermsand conditions.
Definitions3. Termswhicharedefinedinclause1.0
oftheTermsandConditionsofOnlineAccesshavethesamemeaninginthesetermsandconditions.
TermswhicharedefinedintheASTCSettlementRuleshavethesamemeaninginthesetermsandconditions.
Placing a Conditional Order Instruction 4. Wearenotobligedtoaccepta
ConditionalOrderInstruction,forexample,ifthereismarketvolatility,thesecurityistoothinlytraded,orthepricefortheLimitistoofarfromthepriceatwhichthesecurityiscurrentlytraded.
5. YoumustnominateapricefortheLimit.6. Wedonotaccept‘atmarket’asaprice
fortheLimit.7. WeacceptaTriggeronlyifitrelates
specificallytothesamesecurityforwhichtheConditionalOrderInstructionisbeingplaced.WedonotacceptthepriceofanotherstockasaTriggeroraLimit.
8. YoumustnotplaceaConditionalOrderInstructionforthepurposesofmanipulatingorinfluencingthepriceofa security,marketrigging,insidertrading,disruptionofthemarket,threateningtheintegrityofthemarket,misleadingordeceptiveconductconcerningdealingsinthesecurity,orwhereyoudonothaveproperauthorityto placeaConditionalOrderInstruction.
9. TherangebetweenthepriceintheTriggerandthepriceintheLimitmustbe acceptabletous.
10. WeacceptasellingConditionalOrderInstructiononlyforaParticipantSponsoredHoldingthatissponsoredby us.YoumustnominatetheParticipantSponsoredHoldingtowhichtheConditionalOrderInstructionapplies.We applytheConditionalOrderInstructiononlytothatholding.
11. AConditionalOrderInstructionisnotvaliduntilwehavetoldyouthatwehaveacceptedit.
Maintaining your Conditional Order Instruction12. Youmustensurethatyouhavesufficient
securitiesandfundsinyourCashAccounttosatisfyanorder.
13. WeapplytheConditionalOrderInstructionforaholdingonlytosecuritieswhichareinthatholding.Wedonotsatisfyanorderbytakingsecuritiesfromanotherholding.
14. AConditionalOrderInstructionisvalidfor12monthsunlessitisvariedorcancelled.
15. AConditionalOrderInstructionremainsvalidintheeventofatradinghalt,unlesstheASXpurgesordersforthesecurityfromthemarket.
Variation or cancellation of a Conditional Order Instruction16. ConditionalOrderInstructionsaretaken
ona‘bestendeavours’basisandintheeventofsystemfailure,wemaycancelConditionalOrderInstructions.
17. WemaycancelaConditionalOrderInstructionifordersforthesecurityarepurgedfromthemarketbytheASX,forexampleintheeventof:
(a) thesecuritygoingex-dividend; (b) thesecuritybeingsubjecttoa
reconstructionofcapitalsuchasa sharesplitorconsolidation;or
(c) arightsissue.18. YoumayvaryorcancelaConditionalOrder
Instruction.Whenyoudo,wemayacceptorrejectitand,indoingso,weareentitledtorelyonthesetermsandconditionsasifthevariationorcancellationisanewConditionalOrderInstruction.
19. Wereservetherighttochargeafeefora cancellationorvariation.
20. YoumustapplytoustoreinstateaConditionalOrderInstructionafterithasbeencancelled.Whenyouapply,wewillapplyourrulesandpoliciesforacceptinganeworvariedConditionalOrderInstruction.Wemaychargeafeeforthereinstatement.
Implementing a Conditional Order Instruction21. AConditionalOrderInstructionis
triggeredwhentheTriggerforthesecurity occurs.
22. WhentheConditionalOrderInstructionistriggered,weplaceanorderforthesecurityonthemarketatapricenotbelowtheLimit,inthecaseofasaleorder,andatapricenotgreaterthanthe Limitinthecaseofapurchaseorder.
23. Iftheorderistriggeredbyeventsasaresultoftheclosingpriceauction,theordermaybeplacedonthe marketthefollowingday,duringthe pre-open.
24. AConditionalOrderInstructionwillnotbetriggeredbynotionalvaluesorindicative prices.
25. WeplaceaConditionalOrderInstructionaccordingtothetimeprecedenceoftheConditionalOrderInstruction,butwecannotguaranteetheorderinwhichitis placedontothemarket.
26. Intheeventofsystemfailureormalfunction,wemaynothaveplacedordersinaccordancewiththeConditionalOrderInstruction.Uponresumptionfromanoutage,thesystemwillnotactoneventsthatoccurredduringthesystemfailureormalfunction.
27. Theplacementofanorderonthemarketdoesnotguaranteethattheorderwillbe filled.
28. Theorderremainsonthemarketinaccordancewiththetermsandconditions ofourShareTradingAccount.
29. WeuseourbestendeavourstoplaceanorderonthemarketfollowingaConditionalOrderInstructionbeingtriggered.However,wereservetherighttoreviewanorderthatresultsfromatriggeredConditionalOrderInstructionandtorefusetoplacethatorderonthemarket,forexampleifweconsiderthatplacingtheorderwouldnotbeconsistentwithafairandorderlymarket.Also,itmightnotbepossibleforustoplaceanorderonthemarket,forexample:
(a) wherethebasisforquotationforthesecurityhaschangedandyouhavenotvariedyourConditionalOrderInstruction;
T’s & C’sTerms and Conditions of Conditional Trading
ThesetermsandconditionsapplytoyoursharetradingaccountwiththeParticipantin relationtotheprovisionoftheConditionalOrdersfacility.
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(b) wherethesecurityhasbeensubjecttoatradinghaltandyouhavenotvariedyourConditionalOrderInstruction;
(c) ifwebelievethatyourinstructionsareambiguous,incompleteorunclear;
(d) wherewebelievethattheinstructioncontravenesthesetermsorconditionsorthetermsandconditionsofourShareTradingAccount;or
(e) whereactingontheorderisinconsistentwithourlegalobligationsinrespectofthemaintenanceofanorderlymarket.
Fees30. Youagreetopayusthefeethatwe
chargeyouforaConditionalOrderInstruction.
31. YouauthoriseustodebitthefeeonT+3fromyourCashAccount.
General32. YoumustopenandmaintainaCash
AccounttowhichwewilldebitfeesthatwechargeyouforaConditionalOrderInstruction.Youmustgiveusadirectdebitauthorityforthataccount.
33. Wemayvarythesetermsandconditionsandtheservicestowhichtheyrelateto:
(a) add,changeorremoveanyconcessionsorbenefits;
(b) adoptorimplementanylegalrequirement,decision,recommendation,regulatoryguidanceorstandardofanycourt,tribunal,orombudsmanserviceregulator;
(c) accommodatechangesintheneedsorrequirementsofourclients,suchasnewproductfeaturesorservices;
(d) correcterrors,inconsistencies,inadvertentomissions,inaccuraciesorambiguities;
(e) bringusintolinewithourcompetitors,industryormarketpracticeorbestpracticeinAustraliaoroverseas;or
(f) reflectchangesintechnologyorourprocessesincludingourcomputersystems.
Eachofthechangesinparagraphs(a)to(f)isaseparaterightandthisclauseistobereadasifsuchchangewasaseparatelyexpressedright.
Withoutlimitingourrightsunderparagraphs(a)to(f),wemayfromtimetotimechangeanyofthetermsandconditionsforreasonsotherthantheonesmentionedabove(e.g.duetounforeseenevents).
Anyvariationshallapplytoalldealingsbetweenyouandusonandfromthedayonwhichthevariationtakeseffect.Ifwevarytheseterms,conditionsand/orservicesweshallgivenotlessthanseven(7)daysnoticetoyouatthepostalorelectronicaddresslastnotifiedtousbyyou,oratourwebsite.
Also,wemayuseourIVRfacilitytonotifyyouofamendment(s),andprovideinformationaboutwhereyoucanaccessfulldetailsoftheamendment(s).
However,wemaymakeavariationwithoutpriornoticewheresuchvariationisnecessarytorestoreormaintainthesecurityofoursystemsoranyaccounts.
34. Youacceptthesetermsandconditions,oranyvariationofthem,thefirsttimeyouplaceaConditionalOrderInstructionafterreceivingthesetermsandconditions,oranoticeofvariationofthesetermsandconditions.
35. Yourobligationstousunderthisagreementareinadditiontoyourobligationstousunder:
(a) ourTermsandConditionsofOnlineAccess;
(b) rulesofCHESSsponsorship;and (c) theTermsandConditionsofour
ShareTradingAccount. Anorderthatisplacedpursuanttoa
ConditionalOrderInstructionissubjectto: (a) ourTermsandConditionsof
Online Access; (b) theTermsandConditionsofour
ShareTradingAccount;and (c) rulesofCHESSsponsorship.36. YouagreetouseConditionalOrder
Instructionsonlyinconnectionwithyourpersonalinvestmentactivities,andnotuseConditionalOrderInstructionsinconnectionwithanybusinessactivitiesortoholdormonitorsecuritytradingforanotherperson.
37. Youindemnifyusandreleaseusfromanyliabilityforlossordamage(includingconsequentialloss,lossofprofitandeconomicloss):
(a) thatweincurasaresultofyouruseoftheConditionalOrderInstructioninbreachofthesetermsandconditions,orinamanner,orforapurpose,notreasonablycontemplatedbyus;
(b) yousufferasaresultofdelaysinexecutingordersfollowingatriggeredConditionalOrderInstruction;
(c) yousufferasaresultofsystemfailure;and
(d) yousufferasaresultofatriggeredConditionalOrderInstructionnotbeingexecuteduponsubmissionto themarket.
38. Thesetermsandconditionsaresubjectto thelawsofNewSouthWales.
39. Ifthereismorethanoneaccountholder,orthereismorethanoneownerofaholding,yourepresenttousthatallaccountholdersandownersoftheholdinghaveread,andunderstood,andthattheyaccept:
(a) theseTermsandConditionsofConditionalTrading;and
(b) anyRiskDisclosureStatementfortheparticularConditionalOrderInstructionfacility,
andthateachaccountholderandowneroftheholdingagreestoactinaccordancewiththeseTermsandConditionsofConditionalTrading.
Severance40. IfanypartofanyoftheseTermsand
Conditionsisfoundtobevoidorunenforceableforunfairnessoranyotherreason(forexample,ifacourtorothertribunalorauthoritydeclaresitso),theremainingpartsofthesetermsandconditionswillcontinuetoapplyasifthevoidorunenforceableparthadneverexisted.
Things you’ll need to know about trading with us 16
NOTICEBeforeyousign,pleasecontactaTradingRepresentativeoftheParticipantifyourequireanexplanationoftheeffectofthisSponsorshipAgreement.
RECITALSA. ASTCinitscapacityastheapproved
ClearingandSettlementFacilityundertheCorporationsAct,operatestheClearingHouseElectronicSubregisterSystem(‘CHESS’).
B. CHESSallowsclientstoholdfinancialproductsinanuncertificatedforminholdingssponsoredbytheParticipant.
C. Theclient(‘theParticipantSponsoredHolder’)agreestobesponsoredbythe Participant.
AGREEMENT
1.0 Definitions InthisAgreement: ‘ACH’meansAustralianClearingHouse
PtyLtdanditssuccessors. ‘ASTC’meanstheASXSettlement
andTransferCorporationPtyLimitedABN 49008504532asapprovedastheClearingandSettlementFacilityunderthe CorporationsActtooperateCHESS.
‘CHESS Holding’meansanuncertificatedholdingoffinancialproductsonasub-registerforthatclassoffinancialproductsmaintainedbyASTC.
‘HIN’meansHolderIdentificationNumber. ‘Rules’meanstheASTCSettlementRules. ‘Participant’meanstheSponsoring
Participant,AustralianInvestmentExchangeLtdABN71076515930,AFSLNo.241400ofGroundFloor,Tower1,201SussexStreet,SydneyNSW2000.
‘Sponsored Holding’meansaCHESSHoldingoftheParticipantSponsoredHolderwhichisidentifiedbyaHINwhichis,attherequestoftheParticipantSponsoredHolder,notifiedinwritingbytheParticipanttotheParticipantSponsoredHolderafterthisAgreementcommences.
‘Withdrawal Instructions’meansinstructionsforwithdrawaloffinancialproductsfromaSponsoredHolding.
1.1 AnytermusedinthisAgreementwhichisdefinedintheASTCSettlementRuleshasthesamemeaninggiventoitintheASTCSettlementRules.
1.2 Wordsexpressedinonegenderincludeallgenders;andwordsexpressedinthesingularincludethepluralandviceversa.
1.3 ThisAgreementisintendedtocomplywiththeASTCSettlementRulesandshallbereadandconstruedaccordingly.(A copyofanyfurtherdefinitionsmaybeobtainedfromtheParticipantbyrequest.)
2.0 Appointment2.1 TheParticipantSponsoredHolder
appointstheParticipanttoprovide,andtheParticipantagreestoprovide,transferandsettlementservicesasagentfortheParticipantSponsoredHolderinrelationtoSponsoredHoldingsonthetermsandconditionscontainedinthisAgreement.
3.0 Participant Rights3.1 WheretheParticipantSponsoredHolder
authorisestheParticipanttobuyfinancialproducts,theParticipantSponsoredHolderwillpayforthosefinancialproductswithinthreeBusinessDaysofthedateofpurchase.TheParticipantmayrequirepaymentoradepositbeforeitexecutestheParticipantSponsoredHolder’sinstructionstobuyfinancialproducts.
3.2 Subjecttoclause3.3,theParticipantisnotobligedtotransferfinancialproductsintotheParticipantSponsoredHolding,wherepaymentforthosefinancialproductshasnotbeenreceived,untilpaymentisreceived.
3.3 Whereacontractforthepurchaseoffinancialproductsremainsunpaid,aftertheParticipanthasmadeademandoftheParticipantSponsoredHoldertopayforthefinancialproducts,theParticipantmaysellthosefinancialproductsthatarethesubjectofthatcontractattheParticipantSponsoredHolder’sriskandexpenseandthatexpenseshallincludebrokerage,andstampdutyandanyothercostsincurredbytheParticipant.
3.4 WheretheParticipantclaimsthatanamountlawfullyowedtoithasnotbeenpaidbytheParticipantSponsoredHolder,theParticipanthastherighttorefusetocomplywiththeParticipantSponsoredHolder’sWithdrawalInstructions,butonlytotheextentnecessarytoretainfinancialproductsoftheminimumvalueheldinaParticipantSponsoredHolding(wheretheminimumvalueisequalto120%ofthecurrentmarketvalueoftheamount claimed).
4.0 Participant Sponsored Holder’s Rights4.1 SubjecttoClauses3.3and3.4
andRules 7.2.2(e)and7.2.2(f),theParticipantwillinitiateanytransfer,conversionorotheractionnecessarytogiveeffecttoWithdrawalInstructionswithintwoBusinessDaysofthedateofthereceiptoftheWithdrawalInstructions.
4.2 TheParticipantwillnotinitiateanytransferorconversionintooroutoftheParticipantSponsoredHoldingwithouttheexpressauthorityoftheParticipantSponsoredHolder.
4.3 TheParticipantisanAustralianFinancialServicesLicenseeandthereforeregulatedbytheAustralianSecurities&InvestmentsCommission(‘ASIC’)andsubjecttotheregulationsimposedbyASIC.Inaddition,asaParticipantoftheASXGroup,theParticipantisboundbytheASXMarketRules,ASTCSettlementRules,ACHClearingRulesandassociatedprocedures.TheParticipantSponsoredHoldercanobtainfurtherinformationastothestatusoftheParticipantfromeitherASIC,ASX,ASTCorACH.
4.4 TheParticipantSponsoredHoldermaylodgeacomplaintagainsttheParticipantwitheithertheASX,ASTC,ACHorFinancialOmbudsmanServiceasaresultofanycontraventionofthisagreement.AnyclaimforcompensationcanbelodgedwiththeNationalGuaranteeFundwhichoperatesasacompensationarrangementforinvestorswhomaysufferlossinthecircumstancesspecifiedunderPart7.5,Division4oftheCorporationsRegulationsinrelationtoequitiesandwarrantsandexchangetradedoptions.
T’s & C’sTerms and Conditions of Participant Sponsorship Agreement
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5.0 Supply of Information5.1 TheParticipantSponsoredHoldershall
supplyallinformationandsupportingdocumentationthatisreasonablyrequiredtopermittheParticipanttocomplywiththeregistrationrequirements,asareinforcefromtimetotime,undertheASTCSettlementRules.
6.0 Exchange Traded Options, Pledging and Sub-positions
6.1 WheretheParticipantSponsoredHolderarrangeswithACHtolodgefinancialproductsinaParticipantSponsoredHoldingascoverforwrittenpositionsintheAustralianOptionsMarket,andinformstheParticipantofthearrangement,theParticipantSponsoredHolderauthorisestheParticipanttotakewhateveractionisreasonablyrequiredbyACHinaccordancewiththeRulestogiveeffecttothatarrangement.
6.2 WheretheParticipantSponsoredHolderarrangeswithanypersontogiveachargeoranyotherinterestinthefinancialproductsinaParticipantSponsoredHolding,theParticipantSponsoredHolderauthorisestheParticipanttotakewhateveractionisreasonablyrequiredbythepersoninaccordancewiththeRulestogiveeffecttothatarrangement.
6.3 TheParticipantSponsoredHolderacknowledgesthatwhere,inaccordancewiththisAgreementand/ortheParticipantSponsoredHolder’sinstructions,theParticipantinitiatesanyactionwhichhastheeffectofcreatingasub-positionoverfinancialproductsintheParticipantSponsoredHolding,therightoftheParticipantSponsoredHoldertotransfer,convertorotherwisedealwiththosefinancialproductsisrestrictedinaccordancewith thetermsoftheRulesrelatingtosub-positions.
6.4 NothinginthisAgreementoperatestooverrideanyinterestofACHinthefinancialproducts.
7.0 Fees7.1 TheParticipantSponsoredHoldershall
payallBrokeragefeesandassociatedtransactionalcostswithintheperiodprescribedbytheParticipant.TheapplicablefeesandchargescanbelocatedintheParticipant’sFinancialServicesGuide.
8.0 Notifications and Acknowledgements8.1 TheParticipantSponsoredHolder
acknowledgesthatiftheParticipantisnotaMarketParticipantofASX,thatneitherASX,noraRelatedPartyofASX,hasanyresponsibilityforsupervisingorregulatingtherelationshipbetweentheParticipantSponsoredHolderandtheParticipant,otherthaninrelationtotheRulesrelatingtoSponsorshipAgreements.
8.2 TheParticipantSponsoredHolderacknowledgesthatifatransferistakentobeeffectedbytheParticipantunderSection9oftheASTCSettlementRulesandtheSourceHoldingforthetransferisaParticipantSponsoredHoldingundertheSponsorshipAgreement,then:
(a) theParticipantSponsoredHoldermaynotassertorclaimagainstASTCortherelevantIssuerthatthetransferwasnotaffectedbytheSponsoringParticipantorthattheSponsoringParticipantwasnotauthorisedbytheParticipantSponsoredHolderto effectthetransfer;and
(b) unlessthetransferisalsotakentohavebeeneffectedbyaMarketParticipantofASXoraClearingParticipantofACH,theParticipantSponsoredHolderhasnoclaimarisingoutofthetransferagainstthe NationalGuaranteeFundunderPart7.5,Division4oftheCorporationsRegulations.
8.3 IntheeventthattheParticipantbreachesanyoftheprovisionsofthisAgreement,theParticipantSponsoredHoldermayreferthatbreachtoanyregulatoryauthority,includingASTC.
8.4 IntheeventthattheParticipantissuspendedfromtheSettlementFacility,subjecttotheassertionofaninterestinfinancialproductscontrolledbytheParticipantwheretheassertionismade,by eitheraliquidator,receiver,administratorortrusteeofthatParticipant:
(a) theParticipantSponsoredHolderhastheright,within20BusinessDaysofASTCgivingnoticeofsuspension,togivenoticetoASTCrequestingthatanyParticipantSponsoredHoldingsberemovedeither:
(i) fromtheCHESSSubregister;or (ii) fromthecontrolofthe
suspendedParticipanttothecontrolofanotherParticipantwithwhomtheyhaveenteredintoavalidSponsorshipAgreementpursuanttoRule 12.19.10;or
(b) wheretheParticipantSponsoredHolderdoesnotgivenoticeunderclause8.4(a),ASTCmayeffectachangeofControllingParticipantunderRule12.19.11andtheParticipantSponsoredHolderwillbedeemedtohaveenteredintoanewSponsorshipAgreementwiththesubstituteParticipantonthesametermsastheexistingSponsorshipAgreement.WhereaParticipantSponsoredHolderisdeemedtohaveenteredintoaSponsorshipAgreement,theParticipantmustenterintoaSponsorshipAgreementwiththeParticipantSponsoredHolderwithintenBusinessDaysofthechangeofControllingParticipant.
8.5 TheParticipantSponsoredHolderacknowledgesthatbeforetheParticipantSponsoredHolderexecutedtheAgreement,theParticipantprovidedtheParticipantSponsoredHolderwithanexplanationoftheeffectoftheSponsorshipAgreementto theParticipantSponsoredHolderandthe ParticipantSponsoredHolderunderstandstheeffect oftheAgreement.
8.6 TheParticipantSponsoredHolderacknowledgesthatintheeventofthedeathorbankruptcyoftheParticipantSponsoredHolder,aHolderRecordLockwillbeappliedtoallParticipantSponsoredHoldingsinaccordancewithRules 8.15.8to8.15.11,unlesstheParticipantSponsoredHolder’slegallyappointedrepresentativeortrusteeelectstoremovetheParticipantSponsoredHoldingsfromtheCHESSSub-register.
8.7 TheParticipantSponsoredHolderacknowledgesthatintheeventofthedeathoftheParticipantSponsoredHolder,thisSponsorshipAgreementisdeemedtoremaininoperation,inrespectofthelegallyappointedrepresentativeauthorisedtoadministertheParticipantSponsoredHolder’sestate,foraperiodofuptothreecalendarmonthssubsequenttotheremovaloftheHolderRecordLockpursuanttoclause 8.16.3,unlesstheParticipantSponsoredHolder’slegallyappointedrepresentativeelectstoremovetheParticipantSponsoredHoldingsfromthe CHESSSubregister.
8.8 (Joint Holdings Only) TheParticipantSponsoredHolder
acknowledgesthatintheeventofthedeathofajointParticipantSponsoredHolder,allHoldingsunderthejointHolderRecordmustbetransferredintonewHoldingsunderanewHolderRecordinthenameofthesurvivingParticipantSponsoredHolder,andtheSponsorshipAgreementremainsvalidforthenewHoldingsunderthenewHolderRecord.
8.9 (Joint Holdings Only) TheParticipantSponsoredHolder
acknowledgeswheretheSponsorshipAgreementisinrespectofajointParticipantSponsoredHolding,intheeventoftheBankruptcyofoneoftheHolders,theControllingParticipantwill:
(a) unlessthelegallyappointedrepresentativeofthebankruptParticipantSponsoredHolderelectstoremovetheHoldingsfromtheCHESSSubregister,establishanewHolderRecordinthenameofthebankruptParticipantSponsoredHolder,transfertheinterestofthebankruptParticipantSponsoredHolderintonewHoldingsunderthenewHolderRecordandrequestthatASTCapplyaHolderRecordLocktoallHoldingsunderthat HolderRecord;and
Things you’ll need to know about trading with us 18
(b) establishanewHolderRecordinthename(s)oftheremainingParticipantSponsoredHolder(s)andtransfertheinterestoftheremainingParticipantSponsoredHolder(s)intonewHoldingsunderthenewHolder Record.
9.0 Change Of Controlling Participant9.1 IftheParticipantSponsoredHolder
receivesaParticipantChangeNoticefromtheControllingParticipantoftheParticipantSponsoredHoldingandtheParticipantChangeNoticewasreceivedatleast20BusinessDayspriortothedateproposedintheParticipantChangeNoticeforthechangeofControllingParticipant,theParticipantSponsoredHolderisundernoobligationtoagreetothechangeofControllingParticipant,andmaychoosetodoanyofthethingssetoutinclauses9.2or9.3.
9.2 TheParticipantSponsoredHoldermaychoosetoterminatetheAgreementbygivingWithdrawalInstructionsundertheASTCSettlementRulestotheControllingParticipant,indicatingwhethertheParticipantSponsoredHolderwishesto:
(a) transferitsParticipantSponsoredHoldingtoanotherControllingParticipant;or
(b) transferitsParticipantSponsoredHoldingtooneormoreIssuerSponsoredHoldings.
9.3 IftheParticipantSponsoredHolderdoesnottakeanyactiontoterminatetheagreementinaccordancewithclause 9.2above,anddoesnotgiveanyotherinstructionstotheControllingParticipantwhichwouldindicatethattheParticipantSponsoredHolderdoesnotagreetothechangeofControllingParticipantthen,ontheEffectiveDate,theAgreementwillhavebeentakentobenovatedtotheNewControllingParticipantandwillbebindingonallpartiesasif,ontheEffectiveDate:
(a) theNewControllingParticipantisapartytotheAgreementinsubstitutionfortheExistingControllingParticipant;
(b) anyrightsoftheExistingControllingParticipantaretransferredtothenew ControllingParticipant;and
(c) theExistingControllingParticipantisreleasedbytheParticipantSponsoredHolderfromanyobligationsarisingonorafterthe EffectiveDate.
9.4 Thenovationinclause9.3willnottakeeffectuntiltheParticipantSponsoredHolderhasreceivedanoticefromtheNewControllingParticipantconfirmingthattheNewControllingParticipantconsentstoactingastheControllingParticipantfortheParticipantSponsoredHolder.TheEffectiveDatemayasaresultbelaterthanthedatesetoutin the ParticipantChangeNotice.
9.5 TheParticipantSponsoredHolderwillbetakentohaveconsentedtotheeventsreferredtoinclause9.4bythedoingofanyactwhichisconsistentwiththenovationoftheAgreementtotheNewControllingParticipant(forexample,bygivinganinstructiontotheNewControllingParticipant),onoraftertheEffectiveDate,andsuchconsentwillbetakentobegivenasoftheEffectiveDate.
9.6 TheAgreementcontinuesforthebenefitoftheExistingControllingParticipantinrespectofanyrightsandobligationsaccruingbeforetheEffectiveDateand,totheextentthatanylaworprovisionofanyagreementmakesthenovationinclause9.3notbindingoreffectiveontheEffectiveDate,thentheAgreementwillcontinueforthebenefitoftheExistingControllingParticipantuntilsuchtimeasthenovationiseffective,andtheExistingControllingParticipantwillholdthebenefitoftheAgreementontrustfortheNewControllingParticipant.
9.7 Nothinginthisclause9.0willpreventthecompletionofCHESStransactionsbytheExistingControllingParticipantwheretheobligationtocompletethosetransactionsarisesbeforetheEffectiveDateandtheAgreementwillcontinuetoapplytothecompletionofthosetransactions,notwithstandingthenovationoftheAgreementtotheNewControllingParticipantunderthisclause9.0.
9.8 YoumaybynoticerequestthatwenovatethisAgreement,includinganyconditionsforotherserviceswhichweprovidetoyou(‘thisAgreement’)toanewControllingParticipant(‘NewControllingParticipant’)andthisAgreementwillbetakentohavebeennovatedtotheNewControllingParticipantandwillbebindingonallpartiesasif,onthedatespecifiedinthe notice:
(a) theNewControllingParticipantisapartytothisAgreementinsubstitutionforus;
(b) anyofourrightsaretransferredtotheNewControllingParticipant;and
(c) youreleaseusfromanyobligationsarisingonorafterthedatespecifiedinthenotice.
9.9 WewillactinrelationtoanylawfuldirectiongivenbyyoutoustotransfertotheNewControllingParticipant(orsuchotherplaceyoudirect)anymoneyorpropertyweholdonyourbehalf.
10.0 Claims For Compensation10.1AsaParticipantoftheASXGroupany
claimforcompensationcanbelodgedwiththeNationalGuaranteeFundwhichoperatesasacompensationarrangementforinvestorswhomaysufferlossduetothedefalcationbyParticipantsinrelationtoequitiesandwarrantsandexchangetradedoptions.
10.2IftheParticipantbreachesaprovisionofthisAgreementandtheParticipantSponsoredHoldermakesaclaimforcompensationpursuanttothatbreach,theabilityoftheParticipanttosatisfythatclaimwilldependonthefinancialcircumstancesoftheParticipant.
10.3IfabreachbyaParticipantofaprovisionofthisAgreementfallswithinthecircumstancesspecifiedunderPart 7.5,Division4oftheCorporationsRegulations,aParticipantSponsoredHoldermaymakeaclaimontheNationalGuaranteeFundforcompensation.(FormoreinformationonthecircumstancesinwhichaParticipantSponsoredHoldermaymakeaclaimontheNationalGuaranteeFundorforinformationontheNationalGuaranteeFundgenerally,contacttheSecuritiesExchangeGuaranteeCorporationLimited.)
10.4TheParticipantSponsoredHolderacknowledgesthattheParticipantshallnotberequiredtoprovideanexecutedcopyofthisAgreementtotheParticipantSponsoredHolderunlessrequestedbytheParticipantSponsoredHolder.
11.0 Termination11.1SubjecttotheASTCSettlementRules,
thisAgreementwillbeterminatedupontheoccurrenceofanyofthefollowingevents:
(a) bynoticeinwritingfromeithertheParticipantSponsoredHolderortheParticipanttotheotherpartytothisAgreement;
(b) upontheParticipantbecominginsolvent;
(c) upontheterminationorsuspensionoftheParticipant;or
(d) uponthegivingofWithdrawalInstructionsbyaParticipantSponsoredHoldertoaControllingParticipantinaccordancewithRule 7.1.10(c).
11.2TerminationunderClause11.1(a)willbeeffectiveuponreceiptofnoticebytheotherpartytotheAgreement.
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12.0 Variation12.1Shouldanyoftheprovisionsinthis
AgreementbeinconsistentwiththeprovisionsintheASTCSettlementRules,theParticipantshall,bygivingtheParticipantSponsoredHoldernotlessthansevenBusinessDayswrittenNotice,varytheAgreementtotheextenttowhich,intheParticipant’sreasonableopinion,itisnecessarytoremoveanyinconsistency.
Direct Debit and Direct Credit Request Service Agreement ThisagreementandtheDirectDebit/DirectCreditRequestformsetoutdetailsofthetermsonwhichyouhaveauthorisedtheParticipanttoarrangeforamountsowingtoustobemadebydeductionfromyouraccountatyourfinancialinstitutionorforamountstobecreditedtoyouraccount.
1. TheParticipantwilladviseyou,inwritingorelectronically,intheformofaconfirmation,thedrawingdetailsthatincludesthesettlementamountdueandthesettlementdate.
2. Wherethesettlementdatefallsonanon-BusinessDay,theParticipantwilldrawtheamountonthefollowingBusinessDay.Pleasecontactyourfinancialinstitutiondirectifyouareuncertainwhenadebitwillbeprocessedtoyouraccount.
3. TheParticipantreservestherighttochargeadishonourfeeifanydebititemalreadydebitedfromyournominatedaccountisreturnedasunpaidbythefinancialinstitution.
4. TheParticipantwillkeepyourinformationaboutyournominatedaccountatthefinancialinstitutionprivateandconfidentialunlessthisinformationisrequiredbyyourFinancialInstitutiontoinvestigateaclaimmadeonitrelatingto anallegedincorrectorwrongfuldebt, orasotherwiserequiredbylaw.
5. Intheeventofadebitreturnedunpaid,theParticipantmayattemptaredrawon yournominatedaccount.
6. TheParticipantwilladviseyou14daysinadvanceofanychangestotheDirectDebit/Creditarrangements.
7. Ifyouprovideanincorrectbankaccountnumber,youmayincurafeeiftheParticipanthasprocessedatransactiontothataccount.
Your rights8. YoumayterminatetheDirectDebit/
Creditarrangementofyourtradeswithus;however,thisterminationmustbein writing.
9. Whereyouconsiderthedebit/creditisincorrectineithertheduedateoramountorboth,youshouldraisethematterwithus.
10. PleasecontacttheParticipantduringbusinesshoursforallmattersrelatingtotheDirectDebitandDirectCreditarrangements,includingtorequestadefermentorstoppingofdebits,questionsregardingtheamountsordatesofcreditsordebitsoralteringorstoppingthearrangement.YoucanalsocontactyournominatedfinancialinstitutiontorequestastoporcancellationoftheDirectDebitarrangementortodisputeadebittoyournominatedaccount.Wehaveadisputeresolutionprocessavailableifyouhaveacomplaintwhichwedonotresolve.FurtherinformationonthatprocessisintheFinancialServicesGuidewhichisavailableonlineorbycallingtheParticipant.
Your responsibilities11. Itisyourresponsibility:
– tocheckwiththeFinancialInstitutionwhereyouraccountisheldbeforecompletingtheDirectDebit/CreditRequest(‘DDCR’)asDirectDebiting/CreditingthroughBulkElectronicClearingSystem(‘BECS’)isnotallowedonthefullrangeofaccounts.Youshouldalsocompleteyouraccountdetails,includingBankStateBranch(‘BSB’)number,directlyoffarecentaccountstatementfromyourFinancialInstitution;
– toensuresufficientclearedfundsareavailableinthenominatedaccounttomeetthedebitontheduesettlementdateofyourtransactionsexecutedbytheParticipant;
– toensurethattheauthorisationtodebit/creditthenominatedaccountisinthesamenameastheaccountsigningtheinstructionheldbythefinancialinstitutionwheretheaccountisheld;
– toadviseusiftheaccountyouhavenominatedtodebit/creditistransferredorclosed;and
– toensurethatsuitablearrangementsaremadeiftheDirectDebit/Creditarrangementiscancelled:
– byyourself; – byyournominatedFinancial
Institution;or – foranyotherreason.
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Appendix
ITS trading session times
Equities Markets 1–5 Trading SessionsThetradingsessionsforthefiveEquitymarketsare:
Time (Sydney time) Session
7:00am–10:00am PreOpen
10:00am–4:00pm* Open
–EquityMarket1 AB:10:00:00
–EquityMarket2 CF:10:02:15
–EquityMarket3 GM:10:04:30
–EquityMarket4 NR:10:06:45
–EquityMarket5 SZ:10:09:00
4:00pm–4:10pm PreCSPA
4:10pm–4:12pm** CSPA
4:12pm–5:00pm Adjust
5:00pm–6:50pm AdjustON
6:50pm–6:59pm PurgeOrders
6:59pm–7:00pm SystemMaintenance
Maintenance
7:00pm–7:30pm Close
7:30pm–2:25am SystemUnavailable
Unavailable
2:25am–7:00am Close
*Random+/–15secs**Random+60secs