Internet Website Providers
This internet website and information and services referred to in the Website (collectively, the “website”) are directed to and available to Australian residents only. The website has been prepared by the PhillipCapital Australia Group (“PhillipCapital”) as defined below.
Please read the following before making any investment decision about any financial product mentioned in this document.
Accuracy of Information
The information contained on this website is subject to change without notice. While PhillipCapital will attempt to provide information that is accurate and complete, it accepts no responsibility for the accuracy or completeness of the information.
This site may also contain links to third party websites which do not belong to PhillipCapital. PhillipCapital does not accept any responsibility for the contents or information contained in those websites and makes no representations as to the accuracy or completeness of the content or information provided by those websites.
It is recommended that you make your own enquiries in relation to third parties that are described or linked on this website and continually review the information provided on this website including the terms and conditions as outlined in this Disclaimer.
Financial Product General Advice Warning
Past Performance is not a reliable indicator of future performance. Any express or implied rating or advice presented on this website is limited to “General Advice” (as defined in the Corporations Act 2001(Cth)). It is based solely on consideration of the investment merits of the financial product(s) alone, without taking into account the investment objectives, financial situation and particular needs (‘financial circumstances’) of any particular person. It does not constitute a recommendation to purchase, redeem or sell the relevant financial product(s).
Before making an investment decision based on the recommendation(s) or advice, you must consider whether it is personally appropriate in light of your financial circumstances, or should seek financial advice on its appropriateness. If our advice relates to the acquisition or possible acquisition of particular financial product(s), you should obtain and consider the Product Disclosure Statement for each financial product before making any decision about whether to acquire a financial product.
US Persons
No member of PhillipCapital is registered as a broker-dealer or an investment adviser in the United States. PhillipCapital will not transact business with US persons, and therefore, information provided on this site is not intended for US persons or for investors located in the US. No PhillipCapital licensee will engage in securities-related activity with anyone it believes to be a US person.
Potential Disruption of Service
Access to the website may occasionally be unavailable, delayed, limited, or slowed due to various factors beyond our control, including but not limited to:
If access to our website is unavailable, delayed, limited, or slowed, you may be unable to access functionality that could hinder your ability to promptly execute instructions or retrieve information in a timely manner. Accordingly, you agree not to use this website to communicate any critical or time-sensitive instructions to PhillipCapital. You further acknowledge that PhillipCapital will not be required to act upon any such communications or instructions and will not be liable for any actions taken or omissions resulting from your use of the website.
Copyright
PhillipCapital is the owner of the copyright in the contents of this website. The contents of this website may not be reproduced, distributed or published in any way or by any means without the prior written consent of PhillipCapital, except as permitted by law.
PhillipCapital
PhillipCapital Australia Group comprises the following:
Details of the extent of our regulation by the Australian Securities and Investment Commission (ASIC) and the relevant exchanges are available from us on request.
Important Disclosures
We believe that it is important that our clients understand that Phillip Securities (AUS) Limited has certain corporate relationships which could potentially impair the objectivity of any advice which it may give directly to our clients in respect of certain investments.
PSAL receives commission from dealing in financial products, including the issuance of new financial products by the way of IPO, placement, rights issue and / or share purchase plan. PSAL’s client advisors typically share directly in this commission.
These activities are carried out in relation to companies, including those with which we have a corporate relationship, listed on the Australian Securities Exchange and other recognised exchanges.
You should know about the following relationships:
These Important Disclosures are subject to change.
Changes will be notified by posting updates to the website.
Dealing Policies
PSAL DEALING POLICIES – ORDER EXECUTION AND ALLOCATION
This document sets out the policies that Phillip Securities (Aus) Limited (“PSAL”) adopts, in the particular context of the type of services provided by it, with respect to the execution and allocation of orders placed by clients.
By signing a PSAL account application form and/or placing an order with PSAL, you agree to the application of these policies, as amended from time to time, to dealings conducted on your behalf by PSAL. Where these policies refer to you consenting to a particular practice being adopted by PSAL with respect to the execution and allocation of orders placed by you, by signing PSAL’s account opening form and/or placing an order with PSAL you consent to PSAL adopting that practice.
Where a word is shown as commencing with a capital letter (for example Principal), this means that this word is defined in the ASIC Market Integrity Rules (as amended from time to time).
1. Best Market Execution
Under ASIC Market Integrity Rule 3.1.1 (Competition in Exchange markets) 2011, PSAL is required to take reasonable steps to obtain the best outcome for its clients when handling and executing orders.
PSAL will deal with client orders promptly, fairly, in due turn and in accordance with the rules of the relevant trading platforms.
Where an order is executed through PSAL’s internal crossing system, it will be crossed on the basis of time and price parameters and will be executed at a price that is equal to or better than the available markets.
The PSAL Best Execution Policy provides information on how we will handle and execute orders in the Multi-Market environment.
A copy of our Best Execution Policy is available on our website at www.phillipsecurities.com.au or by obtaining a copy from your advisor.
All clients are advised to read the Policy carefully.
2. Dealing as Principal and Crossings
2.1
From time to time PSAL, dealing as Principal, may enter into a Market Transaction with you.
2.2
Dealing as Principal means that PSAL is trading on its own behalf or on behalf of any of the following persons:
2.3
Where PSAL enters into a Market Transaction with you, you authorise PSAL to charge you brokerage with respect to that transaction.
2.4
Where PSAL causes a crossing to be executed on your behalf (and whether or not PSAL is a party to that crossing) you authorise PSAL to charge you brokerage with respect to that transaction.
3. Orders placed on PSAL’s Own Account – Execution and Allocation
3.1
From time to time, PSAL will trade on its Own Account at the same time that it is trading on your behalf in the same Financial Product.
3.2
With respect to trading on its Own Account by PSAL, you consent to PSAL adopting the following practices with respect to the execution and allocation of orders placed by you:
4. Order Size Limits
4.1
PSAL may at its discretion set a minimum size of equity order which it will accept from our clients. We will not seek to impose a minimum trade size within each market.
Best Execution Policy
Click here to view our Best Execution Policy
This version of our Best Execution Policy is dated 1st March 2025.