Independent Research Disclosure

General advice warning

In accordance with section 949A of the Corporations Act 2001, any recipient of the information contained on this website should note that the information is general advice in respect of a financial product and not personal advice. Accordingly, the recipient should note that:

• the advice has been prepared without taking into account the recipient's objectives, financial situation or needs; and
• because of that, the recipient should, before acting on the advice, consider the appropriateness of the advice having regard to their objectives, financial situation and needs.

Accuracy and liability

Although Lodge Partners Pty Ltd ("Lodge") considers the advice and information contained on this website to be accurate and reliable, Lodge has not independently verified information contained on the website which is derived from publicly available sources. Lodge assumes no responsibility for updating any advice or recommendation contained on this website, or for correcting any error or omission which may become apparent after the website has been issued.

Lodge does not give any warranty as to the accuracy, reliability or completeness of advice or information contained on this website. Except in so far as liability under any statute cannot be excluded, Lodge, its employees and consultants do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission on this website, or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this website or any other person.

Disclosure of interests

Lodge Partners receives commission from dealing in securities, and its authorised representatives or introducers of business may directly share in this commission. Lodge Partners and its associates can hold shares in the companies recommended.

Lodge Partners can receive a handling fee or underwriting fee from an issuer in relation to subscriptions for shares in new issues. Lodge Partners receives a trailing commission payable on the Lodge Partners Cash Management Account. Other arrangements made by your Adviser with regard to investment products, trusts or accounts may result in a fee being paid to Lodge Partners by the issuing institution.

Disclosure under RG 264

In accordance with RG 264, Lodge Partners and its associates will disclose all relevant interests when recommending any financial product, as stipulated under the scope of their Financial Services Guide. This includes:

• any material interest Lodge Partners and its employees have in financial products that are the subject of the research;
• any benefits (including reimbursed expenses and entertainment) Lodge Partners and its employees are likely to receive from the company that is the subject of the research;
• the relationship (if any) to the company that is the subject of the research, including any other services Lodge Partners provides to that company; and
• any assistance provided by the company that is the subject of the research in preparing the research.

See also our Financial Services Guide and the transaction archive.