This licence authorises the licensee to carry on a financial services business to:
provide general financial product advice only, for the following classes of financial products:
deposit and payment products limited to:
basic deposit products;
derivatives restricted to:
arrangements not entered into on a licensed market or financial market that is exempt under a declaration made under section 791C of the Corporations Act where a party to the arrangement must, or may be required to provide future consideration and where the amount of the consideration or the value of the arrangement is ultimately determined, derived from or varies by reference to (wholly or in part) the value of the amount of (in any nature whatsoever and whether or not deliverable) an interest rate; and
where the purpose of the licensee in entering the arrangement is to limit, minimise or manage the fluctuations in interest rates that may affect a managed investment scheme for which the licensee acts in the capacity of the trustee of unregistered managed investment schemes;
debentures, stocks or bonds issued or proposed to be issued by a government;
interests in managed investment schemes excluding investor directed portfolio services; and
securities;
deal in a financial product by:
issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:
interests in managed investment schemes limited to:
own managed investment scheme only; and
securities; and
applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:
deposit and payment products limited to:
basic deposit products;
derivatives restricted to:
arrangements not entered into on a licensed market or financial market that is exempt under a declaration made under section 791C of the Corporations Act where a party to the arrangement must, or may be required to provide future consideration and where the amount of the consideration or the value of the arrangement is ultimately determined, derived from or varies by reference to (wholly or in part) the value of the amount of (in any nature whatsoever and whether or not deliverable) an interest rate; and
where the purpose of the licensee in entering the arrangement is to limit, minimise or manage the fluctuations in interest rates that may affect a managed investment scheme for which the licensee acts in the capacity of the trustee of unregistered managed investment schemes;
debentures, stocks or bonds issued or proposed to be issued by a government; and
interests in managed investment schemes excluding investor directed portfolio services; and
provide the following custodial or depository services:
operate custodial or depository services other than investor directed portfolio services;
to wholesale clients.
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