This licence authorises the licensee to carry on a financial services business to:
provide financial product advice to retail and wholesale clients for the following classes of financial products:
general insurance products;
provide general financial product advice to retail clients for the following classes of financial products:
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purpose of management or mitigation of the financial consequences of particular circumstances happening;
interests in managed investment schemes excluding investor directed portfolio services limited to mutual risk products; and
financial products limited to:
miscellaneous financial risk products limited to mutual risk products; and
miscellaneous financial risk products limited to business risk products; and
provide financial product advice to wholesale clients for the following classes of financial products:
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purpose of management or mitigation of the financial consequences of particular circumstances happening;
interests in managed investment schemes excluding investor directed portfolio services limited to mutual risk products; and
financial products limited to:
miscellaneous financial risk products limited to mutual risk products; and
miscellaneous financial risk products limited to business risk products;
deal in a financial product by:
issuing, applying for, acquiring, varying or disposing of a financial product to retail and wholesale clients in respect of the following classes of financial products:
general insurance products;
interests in managed investment schemes excluding investor directed portfolio services limited to mutual risk products; and
financial products limited to:
miscellaneous financial risk products limited to mutual risk products; and
miscellaneous financial risk products limited to business risk products; and
issuing, applying for, acquiring, varying or disposing of a financial product to wholesale clients in respect of the following classes of financial products:
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purposes of management or mitigation of the financial consequences of particular circumstances happening; and
applying for, acquiring, varying or disposing of a financial product on behalf of another person to retail and wholesale clients in respect of the following classes of products:
general insurance products;
interests in managed investment schemes excluding investor directed portfolio services limited to mutual risk products; and
financial products limited to:
miscellaneous financial risk products limited to mutual risk products; and
miscellaneous financial risk products limited to business risk products; and
applying for, acquiring, varying or disposing of a financial product on behalf of another person to wholesale clients in respect of the following classes of products:
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purposes of management or mitigation of the financial consequences of particular circumstances happening; and
provide the following custodial or depository services to retail and wholesale clients:
operate custodial or depository services other than investor directed portfolio services; and
provide a claims handling and settling service to retail and wholesale clients limited to:
the person assesses whether an insurer has a liability under an insurance product, or provides assistance in relation to such an assessment;
the person assists another person to make a claim under an insurance product;
the person makes a decision to accept or reject all or part of a claim under an insurance product;
the person makes a recommendation, or states an opinion, in the following circumstances:
the recommendation, or statement of opinion, is made in response to an inquiry by or on behalf of another person about an existing or a potential claim by the other person under an insurance product; and
the recommendation, or statement of opinion, could reasonably be expected to influence a decision whether to continue with the existing claim or to make the potential claim;
the person offers to settle all or part of a claim under an insurance product;
the person quantifies the extent of the insurer's liability to another person under an insurance product, or provides assistance in relation to the quantification of the extent of such a liability; and
the person satisfies a liability of the insurer under an insurance product in full or partial settlement of a claim under the insurance product.
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