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ASIC strike a deal with Westpac (ASX:WBC)

September 4, 2018

Stock Westpac (ASX:WBC) $28.28 as at 4/09/2018 Event Westpac caved to ASIC today, accepting a $35 mil penalty for breaches to the Consumer Credit Protection act on 50,000 approved loans. The breach...
By Harry Watt

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Financial Services Guide

Version 2.1

Date prepared: Wednesday, 22 November 2017

Last update: Friday, 9th March 2018

About this Financial Services Guide (FSG)

This FSG provides you with key information about a range of subscription services offered by:

Marketmatters Pty Ltd (Market Matters) Australian Financial Services Licence No. 488798 ABN (20 137 462 536)

Contact details:

Level 29, Chifley Tower, 2 Chifely Square Sydney 2000

T: 1300 301 868

E: [email protected]

In this FSG, “we”, us” and “our” refer to Market Matters.

Market Matters holds Australian Financial Services Licence No. 488798 (AFSL) and is responsible for any financial services that we provide to you.

This AFSL was issued on 8th September 2016.

The purpose of this FSG is to provide you with information about:

the services we offer you
how we and our associates are paid
how we manage potential conflicts of interest
how we will deal with complaints, and
arrangements that are in place to compensate clients for losses.

Website Services

Market Matters operates a website, www.marketmatters.com.au (Website), where customers may, for the payment of a subscription fee, access certain financial information and general advice. In particular, the Website provides:

reports on ASX listed securities
commentary on the Australian and global financial markets
commentary on corporate and financial events and transactions in the Australian and global financial markets
model portfolios, and
commentary on investment products, strategies and issues (Website Services).

This FSG relates only to the Website Services.

What financial services we can offer in connection with the Website Services

As holder of AFSL number 488798, in connection with the Website Services we are authorised to provide general financial product advice to both retail and wholesale clients in relation to the following financial products:

Securities
Derivatives
Managed investment schemes

The Website Services are comprised of general advice only. That is, none of the advice given on the Website or by provision of the Website Services takes into account any of your objectives, financial situation or needs (Your Personal Circumstances). Before acting on any of the information, advice or Website Services, you must consider the appropriateness of this information in light of Your Personal Circumstances and, if necessary, consult a financial adviser before making any investment decision.

If you are seeking to acquire a specific financial product or security, you should obtain a copy of and consider the Product Disclosure Statement or Prospectus for that product before making any investment decision.

The Website does not provide a trading platform or access to a trading platform. There is no ability to purchase or sell financial products through the Website.

How do I access these services?

You can access these services by going to www.marketmatters.com.au and following the prompts and steps required to sign up for membership. Please read all terms and conditions carefully.

Fees and benefits payable to us and our associates

The Website is a subscription-based service. A monthly fixed subscription fee is payable to Market Matters when you subscribe to the Website which will vary depending on the type of subscription for which you subscribe. At the date of this FSG, the monthly subscription fees are as follows:

Platinum: $129

Current subscription fees from time to time are provided on the Website.

The Website does not currently feature third party advertising. Market Matters reserve the right to advertise at a future time for which they may receive remuneration. Any such advertising will be independent of any other content on the Website.

All representatives of Market Matters (Market Matters Staff) receive a salary paid by Market Matters. Market Matters Staff may also receive performance-based bonuses which are based on profitability, the number of subscribers and subscription renewal rates.

How do we manage potential conflicts of interest?

Market Matters have implemented policies and procedures to mitigate the risk of conflicts of interest. These include:

Market Matters Staff must disclose their interest in any financial products on which they comment in a Website publication
a requirement that all Market Matters Staff have their personal trading approved in advance by their delegate
monitoring trading by Market Matters Staff to ensure that trades are consistent with recommendations
visibility (for ‘Platinum subscribers’) to the positions held by certain Market Matters.

Market Matters Staff are encouraged to express independent views and opinions on the topics they write about. This is established through ongoing training, external audits and our conflict of interest and staff trading policies. Market Matters Staff are required to serve the best interests of the subscribers, without consideration of any commercial or personal interests.

How is my personal information dealt with?

The privacy of your personal information is important to us. Presently, telephone conversations with us are not recorded however, if this changes, you will be notified. For details of our Privacy Policy please ask us for a copy.

Complaints

If you have a complaint about our services, you should take the following steps:

Contact us and discuss the complaint directly. If you do not feel comfortable discussing the complaint with us or your complaint is not satisfactorily resolved within 2 business days, please telephone Market Matters, on 1300 301 868 and ask to speak with the Complaints Officer. We suggest you put your complaint in writing at this time so that the issues are fully documented and understood by the parties. Your complaint should be addressed to:

The Complaints Officer

Market Matters,

Level 29, Chifley Tower, 2 Chifely Square Sydney 2000

Market Matters will review your complaint within 45 days and attempt resolution. If you are still not satisfied with the outcome, you may take your complaint to an external dispute resolution scheme. Market Matters is a member of the scheme operated by the Financial Ombudsman Service. You should write to:

Financial Ombudsman Service (FOS)

GPO Box 3

Melbourne Vic 3001

Telephone (toll free) 1300 780 808.

You may also wish to consult ASIC in relation to your complaint. ASIC’s website contains information on complaining about companies and people and describes the types of complaints handled by ASIC. You can contact ASIC on its free call infoline:

Tel: 1300 300 630 or email [email protected]

Compensation Arrangements

We maintain professional indemnity insurance to cover our employees and Authorised Representatives (including us) for the financial services they provide, having regard to the following:

Market Matters maximum liability under the Financial Ombudsman Service of which it is a member
volume and nature of Market Matters business
number and kind of clients, and
the number of advisers it has.

If you require further information about these compensation arrangements please contact us.

Terms and Conditions

This website, www.marketmatters.com.au, is published by Marketmatters Pty Limited (ABN 20 137 462 536) (Market Matters) Australian Financial Services Licence 488798

Financial Services Guide

Market Matters Financial Services Guide (FSG) is located here, and contains important information about the financial services provided by Market Matters. You must read our FSG and consider it in the context of your Personal Circumstances before acting on any advice. By accepting the terms and conditions you are acknowledging that you have read the FSG.

Provision of the Reports

Reports and other documents published on the Market Matter’s website (‘Reports’) are authored by Market Matters. The Reports represent the views of Market Matters based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.

The Reports contain general, as opposed to personal advice. That means they are prepared for multiple distribution without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor.

The Reports are published by Market Matters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports.

If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.

Performance

Past performance is not a reliable indicator of future results. Brokerage costs have not been included in the calculation of performance. As financial products rise and fall in value, returns may be negative. Performance figures are not intended to be a forecast. Market Matters does not guarantee the performance of or returns on any investment.

Disclosure

Employees and/or associates of Market Matters may hold one or more of the stocks reviewed on this website.

Subscriptions and Subscription Prices

To access premium content available on the Market Matters website you must subscribe to one or more membership categories available on the website.

To subscribe to the Market Matters website you must go to the Memberships page of the website, provide the information marked as ‘Mandatory’ and select the payment option for the price quoted (at the time of your transaction). You will then receive a verification email from Market Matters indicating that your subscription and payment have been accepted and you will be able to access the premium content.

Prices published on the Market Matters website are quoted in Australian Dollars (AUD) and are inclusive of GST and/or all other duties and taxes. Market Matters has used reasonable endeavours to ensure that prices for subscription to its services are published accurately on the website but these prices are subject to change and Market Matters reserves the right to change these prices and will notify you of any increase by email (with the price increase to apply from the time the next payment is due).

Marketmatters Pty Ltd (ABN 20 137 462 536) will issue a tax invoice to paying subscribers in relation to any supply that is subject to GST in accordance with A New Tax System (Goods and Services Tax) Act 1999.

Cancellations

Any member is entitled to cancel their membership at any time. In the event a member does wish to cancel their subscription, cancellations must be notified in writing to:

Market Matters

Level 29, Chifley Tower, 2 Chifely Square Sydney 2000

or by email to: [email protected]

All cancellations of month-by-month subscriptions will be cancelled and not billed again the next month.

All cancellations of 12 month or 24 month subscriptions within 90 days of subscription commencement will be entitled to a refund equal to 50% of their initial subscription fee in the event of a 12 month subscription or 75% of their initial subscription fee in the event of a 24 month subscription.

All cancellations made after 90 days of subscription commencement will not be entitled to a refund unless in the event of extenuating circumstances, at the sole discretion of Marketmatters Pty Ltd.

Refunds do not apply to special-offer or discounted retail promotions run by Market Matters, including but not limited to, End of Financial Year, Christmas Offers, offer campaigns, unless otherwise discussed at the point of sale whereby the terms of refund amount is specified in writing.

Renewal

Subscriptions will automatically renew on the expiry date of current subscription. In these instances the subscription will be renewed at the current rate published on the Market Matters web site, using the same credit card that paid for the initial subscription, unless otherwise requested by the subscriber. A subscriber who wishes to cancel after being renewed in this way will have a “14 day cooling off period” in which they can request to discontinue and will receive a full refund for the renewal payment, this can be done in writing to:

Market Matters

Level 29, Chifley Tower, 2 Chifely Square Sydney 2000

or by email to: [email protected]

Miscellaneous

Market Matters has not reviewed any of the websites which link to this website or to which this website links. Market Matters is not responsible for the content of any other website or pages linked to or linking to its website. Following links to any other websites or pages shall be at the user’s own risk.

This Agreement is governed by and is to be construed in accordance with the laws of New South Wales, Australia. You agree to the non-exclusive jurisdiction of the courts of New South Wales, Australia in respect of any proceedings concerning this Agreement. This website is not available to US persons and by accepting these terms you confirm that you are not a US person.

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