© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (CBA Group).  CommSec is a Market Participant of ASX Limited and CHI-X Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Commonwealth Bank of Australia and its subsidiaries do not guarantee the obligations or performance of Commonwealth Securities Limited or the products or services it offers. CommSec’s registered office is Ground Floor, 201 Sussex Street, Sydney NSW 2000 and principal place of business is 1 Harbour Street, Sydney NSW 2000.

You should read CommSec’s Financial Services Guide (FSG) which provides you with information about us and services we can provide prior to utilising our services.

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CommSec makes no representation or warranty as to the accuracy, completeness, timeliness or reliability of the contents of this website, and other than as required under consumer protection law. CommSec accepts no responsibility for errors or misstatements, negligent or otherwise and under no circumstances will CommSec be liable for any loss or damage whatsoever caused by a user's reliance on information obtained from this website, including from use of tools and calculators.

CommSec accepts no obligation to correct or update the information or opinions on this website. The information on this website may be based on assumptions or market conditions and may change without notice.

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Suitability: Prior to acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your objectives, financial situation or needs and, if a current offer document is available, read the offer document before acquiring products named on this website. CommSec does not offer or provide personal financial advice to clients.  You should seek independent financial, legal and taxation advice prior to acquiring any security or other financial, credit or lending product.

Derivative Products: Investing in derivative products carries significant risks and is not suitable for all investors. You must consider the relevant CommSec Product Disclosure Statement and terms and conditions before trading in these products.

CommSec Margin Lending is a product of the Commonwealth Bank of Australia administered by CommSec. 

Commonwealth Direct Investment Account (CDIA) is a product of the Commonwealth Bank of Australia marketed by CommSec. 

The Commonwealth Bank is a signatory to the revised Banking Code of Practice. Information about the Banking Code of Practice is available from www.commbank.com.au.

Forecast, Projections and Predictive Statements: Past performance of any product described on this site is not a reliable indication of future performance. This website may contain forecasts, projections or other predictive statements that represent the views of the relevant analyst based on assumptions and expectations available at time of publishing and may change without notice. No member of CommSec or CBA Group represents or warrants that such forward statements will be achieved or will prove to be correct. Actual future results and operations may be materially different to any forward-looking statements contained herein. 

Published market commentary: CommSec publishes reports that contain general market-related commentary on macroeconomic themes that are not intended to be investment (securities specific) research reports. We hereby certify that any views expressed in a CommSec published reports accurately reflect our personal views about the target subject at the time of publishing. The Analysts responsible for preparing a report may receive compensation from CBA Group based upon various factors including total revenues, a portion of which are generated by CommSec’s activities.

Australia: In Australia, CommSec published reports are issued and distributed by CommSec. CommSec employees, including employees involved with the preparation of CommSec published reports, may have interaction with companies mentioned in the report. Additionally, CommSec does and seeks to do business with companies that may be referred to in a CommSec published report. There are robust information barriers in place to protect the independence of CommSec’s published market-related commentary. 

Any reference to a specific company within a CommSec published report is not intended to be interpreted as a recommendation in any way.   You should refer to the full research report available via CommSec’s website to review the company’s full Research report and important disclosures before making any investment decision.

CommSec’s officers and employees may have relevant interests in securities that may be mentioned within CommSec published reports or the CommSec website. No CommSec employee receives commissions or fees as part its remuneration structure.  

Disclosure of Interests: CBA Group, CommSec and any of its employees may have interests in the securities and other financial, credit or lending products referred to in this website.  This may include direct holdings; being, or appointing directors of their issuers or related companies; having acted, or may in the future act in various roles including the role of underwriter, dealer, broker, lender or financial adviser to their issuers.  We may, where permitted by law, receive fees, brokerage or commission for acting in those capacities. Further, CommSec or the CBA Group may act as a market maker or buy or sell those securities and other products as principal or agent.

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Charting: Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices. Worked samples are for illustrative purposes only. 

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Governing Law: The terms of this website and all products and Services offered and provided by CommSec are governed by the Laws of New South Wales, Australia.

 

Disclaimer

This site is directed and available to and for the benefit of Australian residents only. © Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 and both entities are incorporated in Australia with limited liability.

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