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This is a brief description of the service ...For those who participate in this service you can view the past 1 year and 5 year performances of each of the PortfolioCare Services based on the latest strategic asset allocations from Van Eyk research.

It is the practice within our organisation when providing financial advice to clients on a fees basis that we ask our clients to sign an acknowledgment of the conditions on which we provide that advice.

Please read this letter carefully to ensure that you properly understand those conditions.

OUR RECOMMENDATIONS

Our analysis and recommendations will be based upon the data and brief provided by you. We will prepare written statements of our understanding of your objectives and attitude to risk and loss. The onus is on you to carefully read those statements and if any matter stated there is incorrect or inaccurate advise us accordingly. If your situation changes during the course of our relationship, it is important that you advise us immediately.

From time to time, it may be necessary for VicWide to liaise with your bank and other professional advisers. You are aware that VicWide is not required to verify any information received from you or your professional advisers. If you have any problems with VicWide discussing your financial affairs with your bank or other professional advisers, you will instruct us immediately. Of course all private information obtained in this manner will be kept confidential.

VicWide obtains information from a wide variety of publicly available sources. VicWide has no (and does not claim to have) sources of inside or private information. VicWide follows the practice of recommending investment funds which have been well researched and meet VicWide’s performance and consistency requirements over a reasonable period. However, of course, past performance is no guarantee of future performance and VicWide does not guarantee the performance of or the capital return from any product recommended.

You may, of course, accept or reject completely, or in part, any recommendation from VicWide and action will be taken by VicWide only after receiving express authority from you to proceed with a recommendation.

Fees shall be payable to VicWide directly for services provided by us. The fees payable are in accordance with our fee schedule attached to this letter.

If you agree to proceed with any investment or insurance in accordance with our recommendations, VicWide will be entitled to receive commission as disclosed by us at the time of making our recommendation. As we have agreed, we will rebate 100% of the initial commission payable to VicWide. Ongoing commissions payable to VicWide will continue to be paid by the Fund Manager or Insurer involved as per our disclosures.

We are not qualified to render any legal or accounting advice or prepare any legal or accounting documents. You acknowledge that the onus is on you to refer to your professional advisers any matter requiring legal, accounting or taxation advice which is outside the services we have agreed to provide to you. However if you wish, we will refer those matters to your professional adviser (or a professional adviser recommended by us) for specific advice. You will be liable for any costs incurred in relation to obtaining any such advice and VicWide will not be responsible for any advice they provide.

Payment of any costs involved in implementing investment recommendations, including (without limitation) acquisition costs, currency conversion costs, stamp duty, bank charges and any other government taxes or charges are your responsibility and if VicWide pays any such costs you agree to reimburse VicWide on demand. These costs are normally covered by the management expense fee, additional costs can apply to direct investments.

Unless you advise us otherwise, all investments purchased on your instructions will be registered in your individual or joint names as instructed. All contact notes and documents of title in respect of the investments which are received by VicWide will be forwarded to you within 30 days of receipt, (or stored within your personal investment register, and accessible to you immediately upon request) except where a number of documents relating to a series of transactions are involved in which case the documents may be retained by VicWide until the series is complete.

GOODS & SERVICES TAX (GST)

VicWide may recover from you an amount on account of GST, such amount to be in addition to any other consideration payable under this Agreement and to be calculated by multiplying the amount or consideration payable by you for the relevant supply by the prevailing GST rate. Any additional amount on account of GST recoverable from you under this clause shall be calculated without any deduction of any other amount and is payable by you upon demand by VicWide whether such demand is by means of an invoice or otherwise.

VicWide will use its best endeavours to determine reasonably the extent (if any) to which any amount payable by you to VicWide for any supply made under this Agreement may be reduced as a direct consequence of the abolition of or reduction in any taxes or statutory charges (as part of the imposition of a GST) paid or payable by VicWide which directly relate to the supply. The amount payable by you to VicWide shall be reduced only to the extent of the reduction (if any) so determined by VicWide.

If you have requested that we provide you with regular ongoing performance reviews of your investment portfolio, the following terms will also apply:-

Rebalance your portfolio regularly to take advantage of opportunities in the market and the economic outlook. We take advantage of our various research teams "Tactical Asset Allocation" strategies.

We will provide you with an annual written review of your investment portfolio at intervals requested by you.

(c) Within 1 month of the end of the review period, we will provide you with a report which may include the following information:-

- Opening and closing values of your investment portfolio

- Opening and closing value of individual investments

- Summary of interest, income and dividends

- Commentary on the performance of individual assets

- Commentary on the performance of the total portfolio

- Recommendations for changes in asset allocation or switches

- Portfolio Register Maintenance programme

(d) Any investments recommendations which are acted upon as a result of a regular review will be governed by the terms of this agreement.

(e) Fees for ongoing review will be payable by you in accordance with the fee schedule attached. The fees payable under the fee schedule may change from time to time and we will notify you at least 2 months prior to the date on which such change takes place. In consideration of you paying the ongoing review fee, initial brokerage payable to VicWide will be rebated to you (although ongoing brokerage will continue to be received by VicWide).

(f) If you wish to change the period of review or any other aspect of the ongoing performance review, you should advise us by notice in writing at least 1 month prior to the end of the review period.

Of course, this agreement can be terminated at the annual review date by notice from you to us (subject to payment of any outstanding fees payable to VicWide).

Nothing in this agreement excludes, restricts or otherwise affects VicWide’ or our liability in providing you with investment advice services under this agreement in accordance with the Corporations Law.

If you have to provide us with written notice, this can be done by sending the notice to our address.