The information on this website has been prepared by Antipodes Partners Limited (ABN 29 602 042 035) (AFSL 481580) and its associates (Antipodes, we, or us).
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Unless otherwise expressly provided, the information contained on this website is not directed at any person in any jurisdiction where the publication or availability of the information is prohibited or restricted by law (such as retail clients within the meaning of section 761G of the Corporations Act 2001 (Cth) (Corporations Act)) and should only be accessed by wholesale clients or professional investors as described below. Persons in respect of which such prohibitions apply must not access the website or the information contained herein. Persons into whose possession this website may come are required to inform themselves about, and to comply with, any relevant regulatory restrictions. Nothing on this website constitutes an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorised or to any person to who it is unlawful to make such an offer or solicitation.
This website is not intended to be a complete description of all terms and conditions applicable to the products, services and/or funds described within. An investment may only be made based on the relevant fund’s offer document and supplement (if applicable) and will be subject to the terms and conditions contained therein.
The Corporations Act draws a distinction between “retail clients” and “wholesale clients” for the purposes of the financial services licensing and disclosure provisions in Chapter 7 of the Corporations Act. Section 761G(4) of the Corporations Act states that a financial product or a financial service is provided to, or acquired by, a person as a wholesale client if it is not provided to, or acquired by, the person as a retail client.
Section 761G (1) of the Corporations Act states that a financial product or service is provided to a person as a retail client unless sections 761G (5), (6), (7) or section 761GA provide otherwise.
In summary, an entity is a wholesale client if:
Companies or trusts will be wholesale clients if they are controlled by persons who are wholesale clients4.
For the purposes of the test in the second bullet point above, a “small business” is a business which has less than 20, or, if it is a manufacturing business, has less than 100, employees5.
For the purposes of the test in the sixth bullet point above, an investor will be a “professional investor” if that person falls into one of the following categories:
Professional investors are investors who possess sufficient experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur. We consider the following investors professional investors:
Individual and retail investors are generally not categorised as professional investors.
Warranties and disclaimers
This website is for general information only. Nothing contained in the website constitutes or shall be deemed to constitute a financial, legal, tax or other advice of any kind, a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. You should form your own assessment and take independent professional advice on the suitability and merits of any action on the basis of this website relevant to your particular circumstances and investment objectives and the legal, regulatory, tax and investment consequences and risks of doing so. Neither we, nor our affiliates or any person named on this website accept any responsibility to any person for the consequences of any person placing reliance on the information within this website for any purpose.
Past performance is not indicative of future performance. We do not guarantee or provide any assurance that our investment capabilities will achieve any target, objective or return on capital. The fact that a particular investment strategy, or shares in a particular company may be mentioned is not a recommendation to buy, sell or hold that financial product.
The Content and this website are provided “as is” and “as available”. Whilst we believe the information contained on this website is based on reliable information, no warranty is given as to its accuracy and persons relying on this information do so at their own risk. Any opinions or forecasts reflect our judgment and assumptions on the basis of information at the date of publication and may later change without notice. Any projections are estimates only and may not be realised in the future.
We do not warrant that this website or the server that operates it is free from viruses or other corrupted materials or occasional outages or disruption to service which prevent you from accessing this website or that use of this website will be compatible with the hardware and software you are using to access it. You assume the entire cost of all necessary servicing, repair, or correction. We do not warrant or make any representations regarding the use or the results of the use of the Content or this website in terms of their correctness, accuracy, reliability, or otherwise. Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusions may not apply to you.
We reserve the right to make any change to the Content without notice. We may also make improvements or changes in the products or programs described in the Content at any time without notice. For example, changes in circumstances after the date of publication may impact upon the accuracy of the Content.
The Content may contain general information about our products and services. Unless expressly stated otherwise, the Content does not:
The website may include information about stocks and their prices. The information made available on stock prices on the website does not reflect the current or “real time” price of the stock. Images and diagrams on this website are intended to be a visual aid only and do not necessarily accurately depict the object described.
Your use of this website including all Content, data or software distributed by, downloaded or accessed from or through this website is at your own risk. Before taking or refraining from any action in reliance on the Content or this website, you must make and rely on your own enquiries in relation to, and in evaluation of, the Content including any information, predictions, opinions and statements contained in this website.
Limitation of Liability
If a jurisdiction allows liability to be limited but not excluded, our total liability is limited to the maximum extent possible.
Termination and suspension
A reference to “$” or “dollars” throughout this website is a reference to Australian currency (unless otherwise specified) and any reference to law or laws are to the laws of Australia (unless otherwise stated).
1 Section 761G (7) (c) of the Corporations Act, as amended by regulation 7.6.02AF of the Corporations Regulations 2001 (the Regulations).
2 The net assets of a company or trust controlled by such a person may be included – section 761G (7) (c) (i) of the Corporations Act, as amended by regulation 7.6.02AC of the Regulations.
3 Sections 761G (7) and 761GA of the Corporations Act.
4 Section 761G (7) (ca) of the Corporations Act, inserted by regulation 7.6.02AB of the Regulations.
5 Section 761G (12) of the Corporations Act.
6 Paragraph (e) of the definition of professional investor in section 9 of the Corporations Act, as modified by regulation 7.6.02AE of the Regulations.
7 Section 9 of the Corporations Act.