Colonial First State Premier CMT · 2020. 7. 6. · Colonial First State Premier CMT 3 At a glance 1 This page summarises some important information about the Premier CMT. S e c t

Colonial First State

Premier CMT

Product Disclosure StatementThis is a combined Financial Services Guide and Product Disclosure Statement

Dated 10 April 2006Issued by: Colonial First State Investments LimitedABN 98 002 348 352 AFS Licence 232468

This is a combined Financial Services Guide (FSG) and Product Disclosure Statement (PDS) for the Colonial First State Premier CMTARSN 087 562 481, ABN 98 268 974 319

The name and address of the responsible entity are:

Colonial First State Investments LimitedLevel 29, 52 Martin PlaceSydney NSW 2000Telephone: 13 13 36Facsimile: (02) 9303 3200Email: [email protected]

Investments in the Colonial First State Premier CMT (referred to in this PDSas ‘the fund’) are offered by Colonial First State Investments LimitedABN 98 002 348 352 AFS Licence 232468. Colonial First State or itslicensed related entities to which it has delegated investment managementor administration functions in relation to this product are referred to inthis PDS as ‘Colonial First State’, ‘the responsible entity’, ‘we’, ‘our’ or ‘us’.

The responsible entity may change any of the terms and conditions in thePDS with, in the case of material changes, 30 days notice to investors.Colonial First State is a subsidiary of the Commonwealth Bank of AustraliaABN 48 123 123 124. The Commonwealth Bank of Australia and itssubsidiaries do not guarantee the performance of the fund, or the repaymentof capital by the fund. Investments in the fund are not deposits or otherliabilities of the Commonwealth Bank of Australia or its subsidiaries andinvestment-type products are subject to investment risk including lossof income and capital invested.

Colonial First State reserves the right to outsource any or all of itsinvestment management functions, including to related parties,without notice to investors.

The issue of this PDS is authorised solely by Colonial First State InvestmentsLimited. Apart from Colonial First State neither the Commonwealth Bankof Australia nor any of its subsidiaries are responsible for any statementor information contained in this PDS.

If you are printing an electronic copy of this PDS you must print all pagesincluding the application forms. If you make this PDS available to anotherperson, you must give them the entire electronic file or printout, includingthe application forms. A paper copy of this PDS (and any supplementarydocuments) can also be obtained free of charge on request by calling InvestorServices on 13 13 36 or by contacting your financial adviser.

Units in the fund cannot be issued unless you use the application formattached to either a paper or electronic copy of this PDS.

The offer made in this PDS is available only to persons receiving this PDSwithin Australia.

All monetary amounts referred to in this PDS are, unless specifically identifiedto the contrary, references to Australian dollars.

FirstNet and FirstLink are trademarks of Colonial First State Investments Limited.

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Colonial First State Premier CMT

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FSG

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Introduction 2This section outlines some important information about the fund, including the benefits, investment information and asummary of the product.

Fees and other costs 5Details and descriptions of the significant fees of the product, what is paid to your financial adviser and importantadditional information about the fees and costs of the product.

Account management 8Provides information on establishing and transacting on your account, how you can access information about yourinvestment and details on receiving income (distributions) from your investment.

Other information you need to know 11Additional information on the regulatory requirements and terms and conditions of the product.

Application form checklist and forms 17Includes all forms required by you to make an investment in the fund as well as some information to assist you in thecompletion of each form.

Financial Services Guide 31The services we can offer you and the types of products we offer are explained. Also, details of how we (and otherrelevant persons) are remunerated for these services are included.

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Risks 4Outlines the general risks associated with the product.

The Colonial First State Premier CMT offers investors an income stream overthe short-to-medium term.

2 Colonial First State Premier CMT

The Colonial First State Premier CMT

What is a cash management trust?The Colonial First State Premier CMT is a managed fundthat pools the money of many individual investors. This poolof money is invested in government and semi-governmentsecurities, bills of exchange, negotiable certificates of deposit,promissory notes, call deposits and other professional moneymarket investments.

Investment objectiveTo provide a regular income stream from investments in moneymarket securities with a very low risk of capital loss.

Investment strategyThe fund’s strategy is to invest in high quality money marketsecurities, with short-to-medium-term maturities, to achieve avery stable income stream. This is done by assessing the earningsthat each investment will generate, rather than attempting toforecast the short-term direction of the interest rate cycle.The fund does not purchase securities that give rise to materialcurrency risk and therefore no currency hedging is undertaken.

There is no minimum suggested investment timeframe forthe fund.

Why invest in the Premier CMT?Professional investment managementOur investment professionals are leaders in their field whofollow a disciplined investment process using a combinationof investment experience, expertise and sophisticated research.

Online accessThrough our website, FirstNet, you can check your accountbalance, make transactions and access performance andinterest rate information.

Award-winning serviceService is the heart of our business – we have made it simplefor you to keep track of your investments, however you liketo communicate – online, over the phone, in person or by mail.

And because we choose our customer service peoplecarefully, there will be someone friendly and informativewaiting to respond.

3Colonial First State Premier CMT

At a glance 1

This page summarises some important information about thePremier CMT.

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All fees disclosed include the net effect of GST except for the adviser service fee which is inclusive of GST. We can change fees at any time at our discretion.If the change is an increase in fees, we will give you 30 days prior written notice. Pages 5 to 7 outline all fees that apply to the fund. Please read thisinformation carefully before investing.

Minimum initial investment $20,000

Minimum account balance $20,000

Minimum additional investment No minimum

Minimum regular investment $500

plan (monthly)

Minimum withdrawal1 No minimum2

Minimum regular withdrawal $500

(monthly)1

Distributions Quarterly

Current contribution fee Nil

Current management cost 0.65% pa

Current withdrawal fee2 Nil

Adviser service fee Agreed between you and your financial adviser

Cooling-off A 14-day cooling-off period may apply to your investment (refer to page 12)

Complaints resolution We have a complaint handling process in place (refer to page 13)

Contact details

Internet: colonialfirststate.com.au

Phone: 13 13 36

Fax: (02) 9303 3267

Mail: Colonial First State, Reply Paid 27, Sydney NSW 2001

Email: [email protected]

Further information is

outlined in the section

‘Account management’

on pages 8 to 10

Further information is

outlined in the section

‘Fees and other costs’ on

pages 5 to 7

1 Subject to minimum account balance requirements, see page 9 for further information.2 Cheques drawn for less than $500 are subject to fees, please refer to page 6 for details.


Understanding investment risk

What is risk?Before you consider your investment strategy, it is importantthat you understand the risks that can affect your investment.All investments are subject to risk. This means that you canlose money on your investments or that they may not meetyour objectives.

What risks affect your investments?The main risks which affect the fund are:

Market riskInvestment returns are influenced by the performance of themarket as a whole. This means that your investments can beaffected by things like interest rates, investor sentiment andglobal events, depending on which markets or asset classesyou invest in.

Understanding cashW Cash generally refers to investments in bank bills and similar

securities which have a short investment timeframe. Cashinvestments generally provide a stable return, with lowpotential for capital loss.

Inflation riskOver the long term it is important that your investments performat a level equal to or greater than inflation. Otherwise, in realterms, the value of your investment is falling.

There is a higher risk of this occurring with cash investments dueto their typically low returns.

Credit riskGenerally associated with cash and bonds, this is the risk that theborrower will default on the repayment of the loan.

Interest rate riskAlso associated with cash and bond investments, this is the riskthat interest rates will rise, resulting in capital losses.

Are there any other risks you shouldbe aware of?When investing, there is the possibility that your investment goalswill not be met. This can happen because of the risks discussedpreviously. It can also happen if your investment strategy is notaligned to your objectives.

The risks involved in investing in the fund are relatively low asthe fund primarily invests in highly rated assets such as bank,corporate, or government backed securities, overnight deposits,mortgage-backed securities, loans to or secured by federal andstate governments and Australian or major overseas banks tradingin Australia.

Understanding investment risk is the key to successfully developing yourinvestment strategy.2

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Fees and other costsConsumer advisory warning

1 All figures disclosed include the net effect of GST.2 Service fees apply in certain circumstances. Please refer to the service fee section in the table above and page 6 for further details.

Did you know?Small differences in both investment performance and fees andcosts can have a substantial impact on your long-term returns.

For example, total annual fees and costs of 2% of your fund balancerather than 1% could reduce your final return by up to 20% over a30-year period (for example, reduce it from $100,000 to $80,000).

You should consider whether features such as superior investmentperformance or the provision of better member services justifyhigher fees and costs.

You may be able to negotiate to pay lower contribution fees andmanagement costs where applicable. Ask the fund or yourfinancial adviser.

To find out moreIf you would like to find out more, or see the impact of the feesbased on your own circumstances, the Australian Securities andInvestments Commission (ASIC) website (www.fido.asic.gov.au) hasa managed investment fee calculator to help you checkout different fee options.

This document shows fees and other costs that you may be charged. Thesefees and costs may be deducted from your money, from the returns on yourinvestment or from the fund assets as a whole.

Taxes are set out in another part of this document.

You should read all the information about fees and costs because it isimportant to understand their impact on your investment.

Establishment FeeThe fee to open your investment.

Contribution Fee2

The fee on each amount contributed toyour investment.

Withdrawal Fee2

The fee on each amount you take out ofyour investment.

Termination Fee The fee charged to close your investment.

The fees and costs for managing yourinvestment.

Switching FeeThe fee charged when you switch betweenfunds.

Adviser Service FeePlease refer to page 7 for further details.

Other Service FeesSome other service fees apply if youundertake certain transactions.

Nil

Nil

Nil

Nil

0.65% pa

N/A

Up to 0.60% pa

Fees when your money moves in or out of the fund

Type of fee or cost Amount1 How and when paid

N/A

N/A

N/A

N/A

The management cost is expressed as a percentage of the totalaverage net assets of the fund.

The management costs are reflected in the daily earning rate andpayable monthly or as incurred by the fund.

N/A

Please refer to page 6 for further details.

Management Cost

Service Fees

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Fees and other costs

Additional explanation of fees and costsManagement costsThe terms ‘management costs’ and ‘management fees’ meandifferent things.

Management costs include management fees, estimatedperformance fees (if applicable), investment expenses andcustody fees. Management costs are deducted from theperformance of the fund (ie they are not charged directly to youraccount). They do not include contribution fees, transaction costsor additional service fees. The management cost for the fund iseither an estimate or based on current financial information. It isexpressed as a percentage of the fund’s net assets and it isoutlined on page 5.

Management fees are the fees payable under the Constitution forthe management of the fund. Management fees are calculatedfrom gross assets of the fund. For details of the maximummanagement fees allowed under the Constitution see below.

Example of annual fees and costs This table gives an example of how fees and costs in the fund canaffect your investment over a one-year period. You should usethis table to compare this product with other managedinvestment products.

Please note that this is just an example. In practice, the actualinvestment balance of an investor will vary daily and the actualfees and expenses we charge are based on the value of the fund,which also fluctuates daily.

Increases or alterations to the feesWe may vary the management fees used to calculate themanagement costs set out on page 5 at any time at ourabsolute discretion, without your consent, within the limitsprescribed in the fund’s Constitution. If the variation is anincrease in a fee or charge, we will give you 30 days advancewritten notice. The Constitution of the fund provides for thefollowing maximum fees:

W a maximum management fee of 0.90% pa

W a maximum custody fee of 0.05% pa (which we do notcurrently charge).

Please note: The maximums are provided for information andare not the current fees charged. The current fees are shown onpage 5. Additionally, you may choose to pay an adviser servicefee.

Transaction costsTransaction costs such as brokerage, government taxes/duties/levies, bank charges and account transaction charges are paidfrom the fund.

Other service feesThere are a number of other fees and charges that apply to yourinvestment when transacting on your account:

Abnormal costsAbnormal costs (such as costs of unitholder meetings, changesto the Constitution and defending or pursuing legal proceedings)are paid out of the fund. These costs are incurred fairlyinfrequently.

Other operating expensesThe Constitution for the fund allows for the ongoing operatingexpenses (such as registry, audit, taxation advice and offerdocuments) to be paid directly from the fund. Until furthernotice Colonial First State will pay such amounts from ourmanagement fees.

The Constitution does not place any limit on the amount of theongoing operating expenses that can be paid from the fund.

Description Amount1

Each month your account balance falls below $20,000 $10/monthEach time you draw a cheque for less than $500 $20Each time a cheque deposited to your account is dishonoured $30Each time a regular investment plan amount fails $30Each time a cheque drawn from your account is dishonoured $50For every cheque presented in excess of 10 in each quarter $5

Example – Balance of $50,000 with totalPremier CMT contributions of $5,000 during year

Contribution fees N/A N/APlus And, for every $50,000 you have in the Management costs 0.65% pa fund you will be charged $325 each year.Equals If you had an investment of $50,000 atCost of fund the beginning of the year and you put in

an additional $5,000 at the end of thatyear, you will be charged fees of:

$325

What it costs you will depend onthe fees you negotiate withyour fund or financial adviser.

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What is paid to your adviser?The adviser recommending this product may receive payment(‘remuneration’) for the sale. Your adviser’s remunerationis included in the charges shown previously (except anyremuneration that the adviser charges you directly as a feefor service).

Dealer groups, IDPS operators and other licensees may receiveremuneration from us for offering the fund on their investmentmenus or for the provision of services. This remuneration willgenerally be in the form of a Fund Manager Payment and maybe up to 0.20% of funds invested. These amounts may berebated or retained by the dealer group, IDPS operator orlicensee. If these amounts are paid, they are paid by us and arenot an extra amount paid from the fund nor are they an amountyou pay.

Any payments will be made in compliance with the IFSA IndustryCode of Practice on Alternative Forms of Remuneration. We keepa register of certain payments as required by the Code. Pleasecontact us if you would like to view this register. Details of theadviser’s remuneration will be in the Financial Services Guideand Statement of Advice which your adviser must give you.

Adviser service feeYou can agree with your financial adviser to have an adviserservice fee for advice paid directly from your investment. Theadviser service fee will be paid to your current adviser or anysubsequent adviser on your investment.

This fee can be charged as a percentage of your account valueup to a maximum of 0.60% pa.

This ongoing fee will be deducted from your fund on amonthly basis.

Colonial First State may at its discretion refuse to deduct anadviser service fee.

Negotiation of fees

Differential feesWe may issue units to certain investors such as sophisticated,professional, wholesale investors or Commonwealth Bank ofAustralia Group employees with reduced management costs.Such arrangements would be subject to individual negotiation,compliance with legal requirements and any applicable ASICclass orders.

TaxationPlease refer to page 11 for further details.

ExpensesWhere any expenses are tax deductible, the benefit of anydeduction will be reflected in the daily earning rate for the fund.

1 Amount includes the net effect of GST.


A minimum amount of $20,000 applies.

Applications received on a NSW business day priorto 3pm (Sydney time) will be processed and beginto earn income from that day.

No minimum amount applies.

You can also make additional investments of anyamount by electronic transfer from anotherinstitution (eg interest, dividend or distributionpayments). If you are transferring funds from anoverseas institution please contact us for instructionsprior to sending.

Note: Cash deposits are not accepted.

To make it easy for you to keep up-to-date and transact on your investment, we provide you with anumber of transaction options:

The quickest way to transact on your account is by using our secure internet service, FirstNet. Managingyour investments through FirstNet means your transaction is processed immediately. You can accessFirstNet by visiting our website.

The table below provides you with information on how to set up and transact on your account and theoptions available to you. For further information on how your transactions are processed, please refer topage 11. We recommend you contact your financial adviser to discuss your needs before any transaction.

To set up a new account using FirstNet, simplyfollow our instructions online.

Complete the application form on page 19 andsend to us.

Refer to your Australian financial institution forpayment of funds. You will need to quote:

Biller code: 747196Reference number:1 + 082154 + account no.

To use these options you will have previouslysupplied a direct debit authorisation to allow usto draw from your Australian financial institutionaccount.

Please provide an additional application form orletter, accompanied by a cheque made payableto ‘Colonial First State – Premier CMT,‘<Investor name>’ or the direct debit authorityon page 29.

Internetcolonialfirststate.com.au

[email protected]

BPAY®

Contact your Australian financial institution

Telephone13 13 36 (toll free)

Fax(02) 9303 3267

MailColonial First State, Reply Paid 27Sydney NSW 2001

Whether you prefer the internet, telephone, email or fax, managing yourinvestment is easy.

Set up an account?

Make additionalinvestments to myaccount?

How do I… Information I need to know1 Transaction options Things to be aware of

® Registered to BPAY Pty Ltd ABN 69 079 137 518.

Account management

Establishing and transacting on your account


1 A completed request, received in our office on a New South Wales (NSW) business day prior to 3pm (Sydney time) for applications and 12pm (Sydney time)for withdrawals (refer to page 11), will be processed for the date of receipt. Funds will be debited from your nominated account on the day we receiveyour application.

2 Regular investments are accepted in accordance with the PDS current at the time of the relevant investment. A copy of the current PDS is available free ofcharge on request. We may terminate this facility if the direct debit fails three times in any 12-month period. Please note that any changes to this facilitymust be received prior to the 19th of the month for the change to take effect for that month.

3 We will notify you in writing prior to the increase in August each year. If you opened your account between February and August, the first increase willhappen in August of the following year.

A minimum amount of $500 applies.

Funds are drawn from your bank account on the firstbusiness day after the 19th of each month.

You can choose to have your regular investmentautomatically increased by a percentage basedon the Consumer Price Index (or 3%, whicheveris the greater)3. Please nominate this on theapplication form.

You must maintain the minimum amountof $20,000.

Withdrawals can be paid to your previouslynominated bank account or by cheque. Withdrawalrequests received on a NSW business day priorto 12pm (Sydney time) will be processed that day.

Please note: You cannot withdraw the full balanceor close your account using your Premier CMTcheque book. Please refer to page 16 for theconditions of use of the cheque book.

A minimum withdrawal of $500 applies whilemaintaining a minimum account balanceof $20,000.

Funds are drawn from your investment on the lastbusiness day prior to the 21st of each month andpaid to your nominated bank account.

Please provide us with a written request on or beforethe day of the receipt of the original request by thecut-off times shown on page 11.

Please contact us and advise your change.

To use any of these options you will havepreviously provided a direct debit authorisationto allow us to draw from your Australian financialinstitution account.

Please obtain a regular investment form fromour website or call us on 13 13 36.

To use any of these options you will havepreviously supplied (through an original writtenrequest) your Australian financial institutionaccount details to us for payments made directlyto your account.

Please provide us with a written request or acompleted withdrawal form from our websiteor by calling 13 13 36.

You can authorise another financial institutionto make withdrawals from your investment tocover items such as credit card and mortgagepayments. In order to use this option you willneed to provide a direct debit authority tothe other institution with your BSB (082154)and Premier CMT account number.

To use any of these options you will havepreviously supplied (through an original writtenrequest) your Australian financial institutionaccount details to us to pay withdrawals.

Please obtain a regular withdrawal form fromour website or by calling 13 13 36.

Please note that a written request will also berequired subsequent to your telephone advice.

Certain types of changes may require a writtenrequest, accompanied by certifieddocumentation.

Make regularcontributions frommy bank account?2

Make awithdrawal?

Make regularwithdrawals?

Cancel a request?

Change mypersonal details?

How do I… Information I need to know1 Transaction options Things to be aware of

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Account management

Accessing information on your accountUp-to-date information on your investmentis easily accessibleAfter you invest, we will ensure that you are kept informed aboutyour investment by sending you:

Where can I obtain the latest informationabout the fund?It is important that you keep up-to-date with the latestinformation on the fund. Information that is not materiallyadverse is updated from time to time. This includes informationon the fund and its performance.

To obtain this information, you can:

W visit our internet site at colonialfirststate.com.au

W phone Investor Services on 13 13 36 for the cost of a localcall within Australia.

A paper copy of the most recent information will be sent to youfree of charge on request.

How do I access information on my investment?To find out current information and/or manage your investment,you can:

W Access your investment easily – online atcolonialfirststate.com.au

When you become an investor with Colonial First State, wegive you the power to monitor your investment online.Colonial First State’s online service, FirstNet, allows you tohave access to up-to-date information about your investment24 hours a day, seven days a week.

W Use FirstLink, our automated telephone service

To access your information by phone, 24 hours a day, sevendays a week.

W Call Investor Services on 13 13 36

You can speak to an Investor Services representative Mondayto Friday, 8am to 7pm (Sydney time).

InvestorFirstNet1 FirstLink Services

General enquiriesProduct information 3 7 3

Performance figures 3 3 3

Unit prices 3 3 3

Annual financial reports 3 7 3

Account enquiriesPortfolio information 3 3 3

Details of account facilities 3 7 3

Transaction history 3 3 3

(including recent transactionsand statements)

Receiving incomeIncome is accrued daily and distributed on 30 June and thelast day of each subsequent quarter (September, Decemberand March) and is normally received within 14 days. In somecircumstances, we may vary the distribution timing andfrequency without notice to investors.

You can choose to have your distributions:

W reinvested in the fund, or

W paid to your Australian financial institution account.

Please nominate your choice on your application form. If you donot make a choice, then your distributions will be automaticallyreinvested.

Periodically

W Educational material may be sent from time to timewhich provides you with information on general investing,superannuation and our products (you can elect not toreceive this material by writing to us).

Yearly

W Annual Financial Report detailing the financial positionand the performance of the fund over the last financialyear (you can elect not to receive this on theapplication form).

Quarterly

W A statement showing your transactions and the valueof your investment at the end of each quarter.

When you invest or withdraw

W A confirmation for your initial investment or when youmake a full withdrawal.

W An Online Identity Number (OIN) and PersonalIdentification Number (PIN) for access to FirstNet shortlyafter your investment is received (you can elect not toreceive this on the application form).

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1313

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1313

36

1 To enquire and transact you will need to be registered and log in using your OIN and PIN. Transaction access is automatically given to investors (unlessyou elect not to receive this on the application form). You will be required to provide us with an Australian financial institution account for certaintransaction facilities.

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Other information you need to know

TransactionsApplicationsTo ensure your applications are processed efficiently it isimportant that you complete all sections of the applicationform (refer to the application form checklist on page 17).

If all information is not completed we may not be able toproceed with your request until the required information isreceived. In these situations we may:

W Attempt to contact you and/or your adviser (if applicable).

W Hold your application monies in a non-interest bearingaccount until we receive the required information.

Funds are held for a maximum period of 30 days (in a non-interest bearing account) commencing on the day we receivethe funds. After this period your funds will be returned to thesource of payment.

If we receive your completed application in a Colonial First Stateoffice by 3pm (Sydney time) on a New South Wales (NSW)business day, you start to earn income from that day. Funds aredebited from your nominated bank account and cheques arepresented on the day we receive your application. Please ensurecleared funds are available.

In extraordinary circumstances we may suspend applicationsand we may also reject applications at our discretion.

WithdrawalsIf we receive your request in a Colonial First State office by 12pm(Sydney time) on a NSW business day, we process it that day. Wenormally pay the proceeds of withdrawals within seven days ofreceiving your request. In extraordinary circumstances, we maysuspend withdrawals.

Transaction cut-off timesIf your valid transaction request is received in our office beforethe relevant cut-off time as shown in the table below, it will beprocessed that day.

If your valid transaction request is received after the cut-off timesshown above your transaction will be processed the followingNSW business day.

InvestmentsAre labour standards or environmental, socialor ethical considerations taken into account?We do not specifically take into account labour standards orenvironmental, social or ethical considerations when makinginvestment decisions.

What investments can the fund hold?The Constitution of the fund allows Colonial First State a greatdeal of discretion about what investments are held. Thisdocument outlines the investments intended to be held.If we decide to change, we will advise you beforehand.

Taxation and regulatoryHow is my investment taxed?Because the Australian taxation system is complex anddifferent investors have different circumstances, youshould consider seeking professional taxation advicebefore investing in the fund.

Distributions from the fund will take the form of interest incomeand should be taxable to investors as ordinary assessable income.Non-resident investors will be subject to withholding tax on suchincome. Any such withholding tax will be deducted by us beforecrediting the balance to your account. The rate of withholdingtax applicable to interest is currently 10%.

The tax information is current at 10 April 2006.

Do I have to quote a Tax File Number (TFN) or anAustralian Business Number (ABN)?

(Australian residents only)You choose whether to quote your TFN on your application form.Without your TFN or appropriate exemption information, we arerequired to withhold tax at the highest marginal tax rate (plusMedicare levy) from income distributions made to you.

Transaction Cut-off time

Initial investments 3pm (Sydney time) on a NSW business dayAdditional investments 3pm (Sydney time) on a NSW business dayWithdrawals 12pm (Sydney time) on a NSW business day

Additional informationThis section provides additional information you need to know with regardsto the following areas of your investment in the fund:

Transactions Page 11Investments Page 11Taxation and regulatory Page 11Terms and conditions Page 13

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What is the Constitution?The fund is governed by a Constitution. Together with theCorporations Act and some other laws, the Constitution sets outthe conditions under which the fund operates and the rights,responsibilities and duties of the responsible entity and investors.The Constitution deals with a number of issues including:

W your rights as a holder of units

W fund termination, and

W our broad powers to invest, borrow, receive fees and otherpayments and generally manage the fund.

The Constitution states that your liability is limited to the amountyou paid for your units, but the courts are yet to determine theeffectiveness of provisions of this kind.

You can inspect a copy of the Constitution at our head office orwe will provide you with a copy free of charge. We may alter theConstitution if we, as the responsible entity, reasonably considerthe amendments will not adversely affect investors’ rights.Otherwise we must obtain investors’ approval at a meetingof investors.

We may retire or be required to retire as responsible entityif investors vote for our removal).

Your rights to requisition, attend and vote at meetings aremainly contained in the Corporations Act.

How is my personal information dealt with?The privacy of your personal information is important to us. Wecollect personal information so that we may provide you with theproducts and services you request as well as information on otherproducts and services offered by us. The law may also require usto collect personal information.

We may disclose personal information to other parties(confidentiality arrangements apply) for certain purposes thatwe outsource, including bulk mailing, market research andinformation technology support. We also seek expert helpfrom time to time to help us improve our systems, productsand services. Your personal information may be disclosed tothese third parties in such circumstances. Your personalinformation will not be shared with other third parties (exceptwith our related bodies for prudential and risk managementpurposes or as otherwise set out in this statement).

Your personal information may also be used by us to administer,monitor and evaluate products and services, gather, aggregateand report statistical information, assist you with any queries andtake measures to detect and prevent fraud and other illegalactivity. We may also be allowed or obliged to discloseinformation by law and to report on prudential or riskmanagement matters.

If you notify us that you have a personal financial adviser, thendetails of your investment will be provided to them.

We aim to ensure that the personal information we retain aboutyou is accurate, complete and up-to-date. If you provide us withincomplete or inaccurate information, we may not be able toprovide you with the products or services you are seeking.

If you have concerns about the completeness or accuracy of theinformation we have about you or would like to access or amendyour information, simply call us on 13 13 36 or send an emailto [email protected]. If you would like acopy of our Privacy Policy Statement, visit our website atcolonialfirststate.com.au or call the above number.

You will be taken to agree to the collection, use anddisclosure of your personal information as set out abovewhen you apply to make an investment in the fund.

Is there a cooling-off period?A 14-day ‘cooling-off period’ will apply to your initial investmentin the fund in certain circumstances. If, during the 14-daycooling-off period, you decide that the investment does notmeet your needs, then simply advise us in writing.

The 14 days start when your transaction confirmation is receivedby you or five days after your units are issued, whichever is earlier.We will return your investment, reduced or increased for marketmovements. We will also deduct any tax or duty incurred anda reasonable amount for transaction and administration costs.As a result the amount returned to you may be less than youroriginal investment.

Please note that the cooling-off period will lapse if you transacton your account within the 14 days. Under normal circumstanceswe will return your investment within seven working days of younotifying us. For more information please call Investor Serviceson 13 13 36.

Can I appoint an Agent?As an investor you are entitled to appoint an Agent to act onyour behalf. This person could be your financial adviser, solicitor,or someone else that you trust to act on your behalf. A form forappointing an Agent can be obtained from our website or bycalling 13 13 36.

Please note that by appointing an Agent to act on your behalf,you are giving that person full authority over your account.Additionally, if you have a cheque book facility on your account,the appointed Agent(s) must also complete the s.21 form onpage 25. Refer to page 15 for further details.


Would you like to give us feedback, or do youhave a question or complaint?If you have an enquiry, a problem we can help you with, or wouldsimply like to give us feedback then you can contact us by:

Calling us on 13 13 36, Monday to Friday, 8am to 7pm,Sydney time

Emailing us at [email protected] to us at Colonial First State

Reply Paid 27Sydney NSW 2001

We value your comments and work hard to address any problemswe become aware of, but if we are unable to resolve a problemto your satisfaction you can take it further by contacting theComplaints Resolution Officer using the above contact details.We ensure that any complaint is properly considered andresponded to swiftly, in most cases this will be within 14 days.If you would like more information on our complaints procedureplease contact us.

We hope that you are satisfied with how we address yourcomplaint, but if our response is not adequate, or if you havenot received a response after 45 days, you can have yourcomplaint reviewed by the Financial Industry Complaints Service(FICS). You can phone FICS toll free on 1300 780 808.

What are our reporting requirements?As a disclosing entity under the Corporations Act, the fund issubject to regular reporting and continuous disclosure obligations.Copies of documents we lodge with ASIC to fulfil these obligationsmay be obtained from, or inspected at an ASIC office.

You also have a right to request a copy of certain documentsfrom us when they become available, and we must send you acopy (free of charge) as soon as practicable and in any eventwithin five days. Your request will be fulfilled in the way youchoose – by email, fax or post, or you can collect it from ouroffices. The documents are:

W the annual financial report for the fund most recently lodgedwith ASIC, and

W any half-year financial report lodged with ASIC and anycontinuous disclosure notice given for the fund after thelodgement of the annual financial report for the fund andbefore the date of this document.

Are there any other benefits toColonial First State?In consideration of stockbroking fees paid for the purchase andsale of the fund’s assets, certain stockbrokers may pay for someof our third party research and financial markets data, or otheralternative research and execution services set out in the relevantIFSA Guidance Note. Such payments are monitored by us toensure that any such arrangement is appropriate and in the bestinterests of investors. A copy of our policy is available on request.

The fund receives banking and treasury-related services fromthe Commonwealth Bank Group in the normal course of businessand pays normal commercial fees for them. Colonial First Statemay derive monetary or administrative benefits from theCommonwealth Bank Group as a consequence of maintaining thefund’s bank accounts with the Commonwealth Bank of Australia.

Terms and conditionsThese terms and conditions apply when you open an accountwith us and instruct us by phone or fax, or access FirstNet orFirstLink. It is important that you read them carefully before youprovide us with instructions so that you know what will apply toyour transactions.

Limitation of liabilityW All other representations and warranties relating to these

services are excluded except for any term which is impliedby law, which is taken to be included in these terms andconditions. But our liability for breach of that term is limitedto resupplying the service or paying the cost of providing theservice again.

W Subject to the paragraph above, we are not liable in anyway (including in negligence) for any losses that you suffer(however caused) through using or supplying informationby phone, fax, email, FirstNet or FirstLink.

W You agree to use these services only in accordance with theseterms and conditions and your other legal obligations. We arenot liable for, and you release and indemnify us against anyliabilities, claims, losses or costs arising from our acting inaccordance with any communication that we receive byphone, fax or email about your account or investmentswith us or arising from the use of FirstNet or FirstLink byyou or any person using your OIN and PIN.

Use of telephone and fax

Security of phone and fax requestsW We have procedures in place to reduce the risk of fraud, but

we cannot guarantee that someone trying to impersonateyou will not contact us about your account and change yourdetails or make a withdrawal. We may dispute liability for anylosses which happen because we have acted on phone or faxinstructions that you have not authorised but which appearto be authorised by you.

W All our customers are automatically given access tocommunicate with us by phone and fax. You need to tell usif you do not want us to accept any future instructions overthe phone or by fax by sending us an original signed request.

W We will block access to your account for phone and faxinstructions by the second business day after we receive thatrequest. Until this happens, these terms and conditions forphone and fax will still apply to your account.

5

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Terms and conditions (continued)


W If you are a joint account holder, any of the joint accountholders may give us instructions by phone about the account.

W If the account holder is a company, any director of thecompany may give us instructions by phone aboutthe account.

Information received by phone or faxW If the details that we receive in a fax or over the phone do

not match the details that we have previously received forthe account, then we will not proceed with the request.

W We also will not process a request if the instructions wereceive are incomplete or appear to contain errors. This is toensure that the transaction we perform is exactly what youwere requesting.

W Fax machines may be convenient, but they are not alwaysreliable. If a query arises over what information we receivedby fax, we will not accept a fax transmission report fromyour machine as evidence that we received the fax. This isbecause, although your fax machine may have confirmed thatthe fax was sent, we may not have received the complete faxat our end.

W We can change or cancel these terms for phone and fax atany time as long as we give you 14 days written notice.

W Apart from these terms and conditions we may have otherrequirements for receiving instructions from time to time.You will be notified if this affects you or your request.

Use of FirstNet and FirstLink

Online Identity Number and PINW You must keep your Online Identity Number (OIN) and PIN

secret. You should not disclose them to anyone or recordthem in a way which could affect their confidentiality.

W If you give someone else permission to use your OIN and PIN,you are responsible for any transactions they perform orchanges they make to your account information, or anythingthat happens because you gave them that permission.

W Anyone can access FirstNet or FirstLink if they have a valid OINand PIN. This means that if someone else has your OIN andPIN, they can access your account information and maketransactions, even if you have not authorised them to useyour OIN and PIN. We are not responsible to you and will notpay for any losses that may happen because we acted on anyinstructions received through FirstNet or FirstLink which usedyour OIN and PIN, whether or not these instructions wereauthorised by you.

W You must tell us immediately if you think that someone hasaccessed your account without your permission or if you thinkthat someone else may know your OIN and PIN. We will stopaccess to the account and issue a new PIN.

Access to FirstNet and FirstLinkW You can tell us if you want to permanently stop using

FirstNet and FirstLink by sending us an original signed request.We will block FirstNet and FirstLink access to your account onthe second business day after we receive that request. Untilthis happens, these terms and conditions will still apply toyour account.

W We can stop or restrict your access at any time and forany reason.

W We do not guarantee or warrant that the use of FirstNet orFirstLink will be uninterrupted or error free. We also do notwarrant that it is suitable for any particular purpose or hasany performance, functionality or security features, exceptwhat we are legally obliged to provide.

W We will take all reasonable steps to make sure that theinformation that you access through FirstNet or FirstLink isup-to-date and correct.

W When you are joint account holders, and one of you registersfor FirstNet transaction access, both of you are taken to haveagreed to any transactions on your account through FirstNet.

Transacting on FirstNet and FirstLinkW ‘Transaction access’ means the ability to review, modify or

update your contact details and accounts online, apply for,withdraw and switch units between funds or options and setup automatic facilities or features.

W You agree to use this service in accordance with these termsand conditions.

W We will only act on transaction requests that are complete,received in full and do not appear to contain any error.

W For FirstNet, a transaction reference onscreen is evidence thatthe communication has been completed.

W We are not liable for any losses or delays that occur becausewe did not receive an instruction.

W If there are any government fees and charges incurred by usin relation to your use of FirstNet or FirstLink, we can debitthese from your account.

W You must only use FirstNet to obtain information that you areproperly authorised to access and to use this information onlyfor lawful purposes.

W We can change these terms and conditions at any time byplacing the changes on our website. We may ask you to readand accept any amended terms and conditions so you cankeep using FirstNet or FirstLink. But, unless otherwise requiredby law, once we have placed them on the website they arebinding on you, even if you have not read them.

We recommend that you check these terms and conditionson a regular basis. These terms and conditions include anyinstructions for using these services provided to you orplaced on our website from time to time.

Direct debit customer service agreement

Our commitment to youW We will send you regular transaction statements in addition

to the initial confirmation of your drawings.

W Where the due date for a drawing falls on a non-business day,we will draw the amount on the next business day.

W We will provide written notice of any proposed changesto your drawing arrangement, providing no less than14 days notice.

W We may terminate your direct debit arrangement if drawingsare returned unpaid, or if debit is unsuccessful three times inany 12-month period.

W We will keep all information provided by you, and details ofyour nominated account at the financial institution, privateand confidential.

W We will investigate and deal promptly with any queries, claimsor complaints regarding debits, providing a response within20 business days.

Your commitment to usW It is your responsibility to check with your financial institution

prior to completing the direct debit request, that directdebiting is available on that account.

W It is your responsibility to ensure that the authorisationon the direct debit request is identical to the accountsigning instruction held by the financial institution of thenominated account.

W It is your responsibility to ensure at all times that sufficientfunds are available in the nominated account to meet adrawing on the due date for payment.

W It is your responsibility to advise us if the account nominatedby you to receive the drawings is altered, transferred orclosed.

W It is your responsibility to arrange with us a suitable alternatepayment method if the drawing arrangements are stoppedeither by you or the nominated financial institution.

W It is your responsibility to meet any charges resulting from theuse of the direct debit system. This may include fees chargedby us as a result of drawings returned unpaid.

Your rightsW You may request to defer or alter the agreed drawing

schedule, by giving written notice to us. Such notice shouldbe received by us at least five business days prior to the duedate for the next drawing.

W You may cancel the direct debit arrangement at any time bygiving written notice to us. Such notice should be received byus at least five business days prior to the due date for thenext drawing. Your nominated financial institution may alsoaccept a request to cancel your direct debit arrangementwith us.

W All transaction disputes, queries, and claims should be raiseddirectly with us. We will provide a verbal or written responsewithin 20 business days from the date of the notice. If theclaim/dispute is successful, we will reimburse you by way ofcheque or electronic credit to your nominated account.

Please phone Colonial First State Investor Services on13 13 36 with any enquiries or send an email [email protected].

Special instructions for ordering a cheque bookUnder the Financial Transaction Reports Act 1988 (FTR Act) weare required to implement identification checks for all signatorieson accounts which have a cheque book issued. The followingidentification procedures must be followed:

W each signatory to the account must complete the AcceptableReferee (s.21) form included in this PDS

W the form must be signed by an Acceptable Referee(see reverse of form for details).

Please note: If the signatory has appointed an Agent or Powerof Attorney on your account they will also need to be identifiedseparately following the instructions above.

If you are a companyEach signatory to a company’s account can be identifiedseparately following the instructions above. Alternatively, acompany can appoint signatories as follows:

W appoint a Verifying Officer by completing the Nominationof Verifying Officer form included in this PDS

W list each signatory under the Certificate of Identity sectionof this form

W complete the Acceptable Referee form included in this PDSfor the Verifying Officer.

Signatories to the company’s account do not need to beindividually identified provided they are appointed by theVerifying Officer.

We cannot issue the cheque book to you until theseidentification requirements have been met. Withdrawals,however, can still be made via direct credit or a chequesent to you (refer to page 9).


5

Sect

ion


Cheque facility terms and conditionsW Cheque books will only be issued to unitholders who have

satisfied the Financial Transaction Reports Act 1988identification requirements (‘the Identity Requirements’).

W Additional signatories for cheque books will only be permitteduse of the cheque book by satisfying the IdentityRequirements (refer to page 26).

W Cheque book access for a signatory will be withdrawn if anystatement contained in the Identity Requirements is found tobe false or misleading. Access will also be withdrawn at therequest of the Australian Transaction Reports and AnalysisCentre (AUSTRAC).

W Any requests to stop payment of a cheque should be madein writing prior to presentation of the cheque. We take noresponsibility for presentation of cheques made where astop payment is not advised in sufficient time to effect thatstop payment.

W You will indemnify and keep indemnified Colonial First Stateand the Commonwealth Bank of Australia from all claims,actions and demands in respect of any losses for liabilitiesarising out of unauthorised or fraudulent use of thecheque facility, or any other losses incurred by use ofthe cheque facility.

By using the cheque facility you signify your acceptanceof these conditions.



6

Se

cti

on

Application form checklist and forms

Application form (refer to page 19)

To ensure that we are able to process your application quickly and efficiently, please check that you have completed the

following steps:

Send your completed application form and cheque (if required) to:Colonial First State, Reply Paid 27, Sydney NSW 2001

Step 1 Your personal details – Complete sections 1-3

Provide your contact detailsContact details

Provide your full name and Tax File Number (TFN) or exemption (refer below):

E Exemption – please write the full name of the benefit that you receive (eg ‘Age Pension’)

N Non-resident – please write the full name of your country of residence

O Not for profit organisations – who are not required to lodge a TFN

D No TFN or do not wish to quote a TFN – please refer to page 11 for further information

Investor details

Nominate to open a new account or invest additional funds in an existing accountInvestment details

Step 2 Your investment details – Complete sections 4-7

Complete the dollar amount to be attributed to the fundInvestment allocation

Nominate your distribution payment instructionsIncome distribution

Provide your bank account details (if applicable)Bank account details

Indicate your method of payment. If investing by direct debit please complete your bank details in section 5.

If investing via cheque please cross your cheque ‘Not Negotiable’ and make payable to:

‘Colonial First State – Premier CMT, <Investor name>’

Payment details

Step 3 Managing your investment – Complete sections 8-12

Sign the declaration. If you are signing under a Power of Attorney, please comply with the following:

W Attach a certified copy of the Power of Attorney document

W Each page of the Power of Attorney document must be certified by a Justice of the Peace, Notary Public or Solicitor

W Should the Power of Attorney document NOT contain a sample of the Attorney’s signature, please also supply a

certified copy of the identification documents for the Attorney, containing a sample of their signature, eg Driver’s

Licence, Passport, etc

Declaration and signature

You only need to complete this section if you have agreed with your financial adviser to have an ongoing adviser

service fee deducted from your investment

Adviser service fee

Cross the box if you do not wish to receive the annual reportAnnual financial report

Do not cross the box if you want online accessOnline services

Complete this section if you would like to receive a cheque book and/or deposit formsCheque book instructions

Additional information on setting up alternative account types

Accounts on behalf of a minor

We do not accept any investments in the name of a minor (under 18 years of age), however, the investment may be held ‘as designation’

for the minor. In order to set up an account as designation for a minor, please insert the minor’s name in the ‘Account designation’ field

under section 2. It is important that you also complete Investor 1 and/or Investor 2 as owners of the account.

Superannuation fund or trust

Please insert the entity’s name under ‘Superannuation fund/trust’. We will also require information of the trustees. To supply this trustee

information, please complete Investor 1 and/or Investor 2 if trustees are individuals. If the trustee is a company please complete the

‘Company name’ field.

This page has been left blank intentionally.

18

19PLEASE DO NOT STAPLE

Colonial First State – Premier CMTApplication Form

Units in the fund will only be issued on receipt of this completed application form, issued together with the PDS dated 10 April 2006. You must have

read the PDS before applying. Refer to page 17 for instructions on how to complete this form.

Please phone Colonial First State Investor Services on 13 13 36 with any enquiries.

10 April 2006

Please complete this form using BLACK INK and print well

within the boxes in CAPITAL LETTERS. Mark appropriate answer

boxes with a cross like the following . Start at the left of each

answer space and leave a gap between words.

X OFFICE USE ONLY

Do you have an existing Colonial First State account?

Yes ■x Existing account name ■■■■■■■■■■■■■■■■■■■■■■■■Existing account number ■■■■■■■■■Go to section 4 and only complete the applicable sections.(Please note any information provided will override any previous information provided.)

No ■x Go to section 2 and complete all details.

2. INVESTOR DETAILS

COMPANY/PARTNERSHIP/SUPERANNUATION FUND

Name of company or partnership

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Name of superannuation fund/trust

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ABN or ARBN Tax File Number

■■■■■■■■■■■■■■■■■■ ■■■ ■■■ ■■■ACCOUNT DESIGNATION

Only use to indicate a minor’s name for an account designation (refer to page 17)

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

INVESTOR 2 (Joint accounts)

Title

Mr ■ Mrs ■ Miss ■ Ms ■ Other ■■■■■■■Given name(s)

■■■■■■■■■■■■■■■■■■Surname

■■■■■■■■■■■■■■■■■■Date of birth

■■ / ■■ / ■■■■ Male ■ Female ■Tax File Number or reason for exemption (refer to page 17)

■■■ ■■■ ■■■ or Code ■■■■■■■■■■■■■■■■■■■If a foreign resident for tax purposes, specify country of residence

■■■■■■■■■■■■■■■■■■

INVESTOR 1 (Individual accounts)

Title


■■■■■■■■■■■■■■■■■■Surname

■■■■■■■■■■■■■■■■■■Date of birth

■■ / ■■ / ■■■■ Male ■ Female ■Tax File Number or reason for exemption (refer to page 17)

■■■ ■■■ ■■■ or Code ■■■■■■■■■■■■■■■■■■■If a foreign resident for tax purposes, specify country of residence

■■■■■■■■■■■■■■■■■■

451280

1. INVESTMENT DETAILS

20

3. CONTACT DETAILS

Postal address

■■■■ ■■■■ ■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

Work phone number Home phone number Fax number Mobile phone number

■■ ■■■■■■■■ ■■ ■■■■■■■■ ■■ ■■■■■■■■ ■■ ■■■■■■■■Email address

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■By providing your email address, you agree that we may use this address to provide you with information about your investment (such

as transaction confirmations, statements, reports and other material).

How will this investment be made? NOTE: Cash is not accepted.

Cheque ■ Direct Debit ■Please ensure cheques are made payable to ‘Colonial First State – Premier CMT, <Investor name>’. If paying by direct debit please ensure youcomplete your bank account details in section 5.

How would you like your income distributions to be paid?

Reinvested in the fund ■Credit to my/our bank account ■x Make sure you also complete your bank account details above in section 5

6. INCOME DISTRIBUTION

A nomination in this section overrides any previous nominations. Distributions will be reinvested unless otherwise stated. Cross (X) one box only.

BANK ACCOUNT 2

Only complete your account details in this section if you would like

your regular investment plan debited from a different bank account.

Name of Australian financial institution

■■■■■■■■■■■■■■■■■■Branch name

■■■■■■■■■■■■■■■■■■Branch number (BSB) Account number

■■■ – ■■■ ■■■■■■■■■■Account name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

BANK ACCOUNT 1

Please provide your account details in this section if you have

requested us to debit or credit your bank account.


■■■■■■■■■■■■■■■■■■Branch name

■■■■■■■■■■■■■■■■■■Branch number (BSB) Account number

■■■ – ■■■ ■■■■■■■■■■Account name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

5. BANK ACCOUNT DETAILS

You can only nominate a bank account that is held in your name(s). If you wish to nominate a bank account that is held in differentname(s) you will have to complete the separate Direct Debit Authority form (included in this PDS). By providing your bank account details inthis section you authorise Colonial First State to use these details for all future transaction requests that you nominate.

4. PAYMENT DETAILS

Country

PostcodeStateSuburb

StreetnameP.O. BoxStreet

numberUnitnumber

21

If you would like to receive a cheque book and/or deposit forms please cross (X) one:

■ 30 cheques and 10 deposit forms

■ 30 deposit forms

Please cross (X) this box if you do not wish to have online access to your investment. x ■

Please cross (X) this box if you do not wish to be mailed a copy of the fund’s report each year. x ■

10. ANNUAL FINANCIAL REPORT

We are required by law to provide a copy of the fund’s annual report to each investor unless you indicate otherwise. For investors who do not wish toreceive a paper copy of the report in the mail, an electronic copy is available from colonialfirststate.com.au.

9. ONLINE SERVICES

Please note that you will be automatically granted access to manage your investment over the internet through FirstNet and by telephonethrough FirstLink. Online access is provided under the terms and conditions provided on page 13. We are committed to keeping secure thepersonal information you provide to us. We take all reasonable precautions to protect the personal information we hold about you frommisuse and loss from unauthorised access, modification or disclosure. Please refer to our website colonialfirststate.com.au for furtherinformation on our online security policy.

8. CHEQUE BOOK INSTRUCTIONS

Please read the information on page 15 about cheque book access carefully. If you are ordering a cheque book you will need to completethe Acceptable Reference (s.21) form on page 25. If you are a company (with more than one signatory) you may also need to complete theNomination of Verifying Officer form on page 27.

Cross (X) this box if you would like to increase your regular investment plan amount in line with inflation (CPI) each year. x■■

7. INVESTMENT ALLOCATION

Please specify the amount you wish to invest in the fund. Please refer to page 3 for minimums.

■,■■■,■■■ ■■ ■■■,■■■ ■■.$.$

Initial or additional investments Regular investment plan

22

11. ADVISER SERVICE FEE

Adviser service fee including GST

• ■■ % per annum (maximum of 0.60% pa inclusive of GST)

12. DECLARATION AND SIGNATURE

I/We declare and agree that:

W I/we have read this PDS to which this application applies and have received and accepted the offer in it in Australia;

W my/our application is true and correct;

W I/we am/are bound by any terms and conditions contained in this PDS and the provisions of the Constitution of the fund that I/we am/are

invested in as amended from time to time;

W I/we have legal power to invest;

W my/our adviser will receive the payments detailed in the PDS and this application form including via redemption from my/our investment;

W if I/we have received this PDS from the internet or other electronic means that I/we received it personally or a printout of it, accompanied

by or attached to this application form;

W if this is a joint application, each of us agrees, unless otherwise indicated on this application, our investment is as joint tenants. Each of us is

able to operate the account and bind the other(s) to any transaction including investments, switches or withdrawals by any available method;

W this application is not because of an unsolicited meeting with or telephone call from another person;

W if investing as trustee, on behalf of a superannuation fund or trust I/we confirm that I/we am/are acting in accordance with my/our designated

powers and authority under the trust deed. In the case of superannuation funds, I/we also confirm that it is a complying fund under the

Superannuation Industry (Supervision) Act.

I/We acknowledge that:

W investments in the fund are not investments, deposits or other liabilities of the Commonwealth Bank of Australia or its subsidiaries and are

subject to investment and other risks, including possible delays in repayment and the loss of income and principal invested;

W neither Colonial First State nor the Commonwealth Bank of Australia or its subsidiaries guarantee the repayment of capital or the performance

of the fund or any particular rate of return from the fund.

Prior to its completion and signing, this application must not be handed to any person unless accompanied by the PDS. Colonial First State

Premier CMT is offered by Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468.

Joint applicants must both sign.

Signature of investor 1 or company officer Signature of investor 2 or company officer

Print name Print name

■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■Date Date

■■ / ■■ / ■■■■ ■■ / ■■ / ■■■■W If this application is signed under Power of Attorney, the Attorney declares that he/she has not received notice of revocation of that power

(a certified copy of the Power of Attorney should be submitted with this application unless we have already sighted it).

W Sole signatories signing on behalf of a company confirm that they are signing as sole director and sole secretary of the company.

Please send the completed form to:


Reply Paid 27, Sydney NSW 2001

✘✘

0

ONGOING FEE

Complete this section only if you have agreed with your financial adviser to have an ongoing adviser service fee deducted. Refer to page 7for details.

0 0

23

ADVISER USE ONLY

By providing your (adviser) details you certify that you are appropriately authorised to provide financial services in relation to this product.

Additional comments/instructions

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

COLONIAL FIRST STATE USE ONLY

Campaign code

■■■■■■■■■■■

Dealer/Adviser stamp (please use black ink only)Adviser name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Phone number Fax number

■■ ■■■■■■■■ ■■ ■■■■■■■■Mobile phone number

■■■■■■■■■■Dealer ID Adviser ID

■■■■■■■■■ILCN ILAN

■■■■■■■■■■■■■■■■■ILGN

■■■■■■■

9 9 8 9 9 2

0 0 4 3 0 8 8 7

Financial Wisdom Limited

J O S S E L G I N S B U R G

24


25

1. Name of signatory

2. Account name/title (name(s) the account is to be held in)

3. Account number (if unknown leave blank)

4. Signature (to be signed in the presence of the referee)

5. Primary identification document – birth certificate, citizenship

certificate, or international travel document (eg passport)

* For a travel document, show country of issue.

6. Secondary identification document

Please note: If only a secondary identification document is relied

upon, the cash dealer must notify the Director of AUSTRAC, pursuant

to section 22 of the Financial Transaction Reports Act 1988.

Date of issue

Date of expiry

Type of document

Document number

Issued by

Address

State Postcode

Name on document

Date of birth

Date of birth

Date of issue

Office of issue*

Type of document

Name on document

PART B: DOCUMENTS EXAMINED BY REFEREE

Surname

Given names

PART A: DETAILS OF SIGNATORY

7. Name of acceptable referee

8. Occupation

9. Address

10. Category of referee (see list overleaf)

11. I have known the signatory for a

period of (minimum 12 months):

12. The signatory has been commonly

known to me by the name shown

in Part A for a period of:

13. I have examined the identification documents whose details

are shown in Part B, consisting of (tick one):

A primary document in the name shown in Part A

A secondary document in the name shown inPart A, plus a primary document in a former name

Only a secondary document in the nameshown in Part A

14. Where the name on the primary identification document

differs from the name used by the signatory in relation to

the account, the explanation given by the signatory is:

15. Where only a secondary identification document is

examined, the explanation given by the signatory as to why

a primary identification document was not produced is:

16. The signatory signed the identification reference in my presence.

17. Signature of the Acceptable Referee

Date

■■ / ■■ / ■■■■

PART D: STATEMENT BY ACCEPTABLE REFEREE

State Postcode

Surname

Given names

PART C: DETAILS OF ACCEPTABLE REFEREE

s.21Financial Transaction Reports Act 1988 (FTR Act)

Reference from an Acceptable Referee (s.21)Identification Record for a Signatory to an Account

This form must be signed by an ‘Acceptable Referee’.Additional signatories to an account musteach complete separate ‘Acceptable Referee’ (s.21) forms.See overleaf for guidance notes before completing the form.

The AUSTRAC Help Desk can be contactedon 1800 021 037 if you require general

assistance to complete this form.

26

An Identification Reference must be signed in the presence of an AcceptableReferee.

An Identification Reference is to be provided for each signatory to an accountand compromises a written and signed reference by a person within a specifiedclass of Acceptable Referees, declared by the Minister by Notice in the Gazetteon 6 November 2002 in GN 44 (see list below).

The reference must set out the name used by the signatory in relation to theaccount and must state that:

W the referee has known the signatory for the period specified in thereference (being a period of at least 12 months)

W during the whole of that period, or for so much of that period as is specifiedin the reference, the signatory has been commonly known by that name, and

W the referee has examined:– a specified primary identification document for the signatory in that

name, or– a specified secondary identification document for the signatory in that

name and a specified primary identification document for the signatoryin a former name of the person, or

– only a specified secondary identification document for the signatoryin that name.

Primary identification documents are:

W birth certificateW citizenship certificateW international travel document:

– current passport– expired passport which has not been cancelled and was current within

the preceding two years– other document of identity having the same characteristics as a passport

(eg this may include some diplomatic documents and some documentsissued to refugees).

Secondary identification documents are documents (other than a primaryidentification document) which establish the identity of the signatory,eg Australian driver’s licence.

Warning: It is an offence under section 21 of the Financial Transaction ReportsAct 1988 to make a false or misleading statement.

1. A member of:(a) the Institute of Chartered Accountants in Australia, or(b) the Australian Society of Certified Practising Accountants, or(c) the National Institute of Accountants.

2. A member of a municipal, city, town, district or shire council of a Stateor Territory.

3. An employee of a financial institution who is authorised by the financialinstitution to open accounts with the institution.

4. An agent of a financial institution who is authorised by the financialinstitution to open accounts with the institution.

5. A full-time employee of:(a) a financial institution (other than an employee mentioned in item 3), or(b) a corporation that is a registered corporation within the meaning of the

Financial Corporations Act 1974who has been employed continuously for at least five years by one or morefinancial bodies.

6. An employee of a bank carrying on business outside Australia:(a) that does not have an authority under section 9 of the Banking Act

1959, and(b) that is engaged in a transaction with a cash dealer, who is authorised by

the bank to open accounts with the bank.

7. A full-time employee of a company carrying on insurance business who hasbeen employed continuously for at least five years by one or morecompanies of that type.

8. A legal practitioner (however described) of a Federal, State or Territory court.

9. A registrar, clerk, sheriff or bailiff of a Federal, State or Territory court.

10. An officer within the meaning of the Defence Act 1903.

11. An individual registered or licensed as:(a) a dentist, or(b) a medical practitioner, or(c) a pharmacist, or(d) a veterinary surgeonunder a law of a State or Territory providing for that registration or licensing.

12. An individual who holds the position of nursing sister and is registered as anurse under a law of a State or Territory providing for that registration.

13. A diplomatic or consular officer of an Australian Embassy, High Commissionor Consulate, in Australia or overseas.

14. A holder of an office established by a law of the Commonwealth, a State orTerritory in respect of which annual salary is payable, other than an officementioned in item 15.

15. A judge or master of a Federal, State or Territory court.

16. A stipendiary magistrate of the Commonwealth or of a State or Territory.

17. A justice of the peace of a State or Territory.

18. A member of the Parliament or a State Parliament.

19. A member of the Legislative Assembly of the Australian Capital Territory,the Northern Territory or Norfolk Island.

20. A minister of religion within the meaning of the Marriage Act 1961 who isregistered under Division 1 of Part IV of that Act.

21. A notary public.

22. A member of the Australian Federal Police, or of the police force of a Stateor Territory, who, in the normal course of his or her duties, is in charge of apolice station.

23. A member of the Australian Federal Police, or of the police force of a Stateor Territory, of or above the rank of sergeant.

24. A manager of a post office.

25. An individual employed as an officer or employee by one or more of thefollowing:(a) The Commonwealth, a State or Territory, or(b) an authority of the Commonwealth, a State or Territory, or(c) a local government body of a State or Territorywho has been so employed continuously for a period of at least five years,whether or not the individual was employed for part of that period as anofficer and for part as an employee.

26. An individual employed as a full-time teacher or as a principal at one ormore of the following educational institutions:(a) a primary or secondary school forming part of the education system in

a State or Territory, or(b) an institution listed in section 4 or paragraphs 34(4)(b)-(j) (inclusive) of

the Higher Education Funding Act 1988who has been so employed continuously for a period of at least five years.

27. An individual who, in relation to an Aboriginal community:(a) is recognised by the members of the community to be a community

elder, or(b) if there is an elected Aboriginal council that represents the community

– is an elected member of the council.

28. An individual who is an agent of a totalisator agency board if:(a) the individual conducts an agency of the totalisator agency board at

particular premises, and(b) that agency is not ancillary to any other business conducted at those

premises.

29. A commissioner for oaths of a State or Territory.

30. An individual who is registered as a tax agent under part VIIA of the IncomeTax Assessment Act 1936.

31. A member of the Chartered Institute of Company Secretaries in AustraliaLimited.

32. A member or fellow of the Association of Taxation and ManagementAccountants.

33. A member of the Institution of Engineers, Australia, other than a memberwith the grade of student.

34. A fellow member of the National Tax and Accountants’ Association Limited.

35. The holder, or an authorised representative/proper authority holder of,a licence under sections 780, 781 or 913B of the Corporations Act 2001who has known another person for at least 12 months is an acceptablereferee in respect of the other person for the purposes of the definition of‘acceptable referee’ in subsection 3(1) of the FTR Act.

36. The holder of, or an authorised representative/proper authority holder of,a licence under sections 780, 781 or 913B of the Corporations Act 2001,who has complied with the requirements of section 912A of that Act andASIC Policy Statement 122 in relation to another person is an acceptablereferee in respect of that other person for the purposes of the definitionof ‘acceptable referee’ in subsection 3(1) of the FTR Act.(In this situation there is no requirement for an existing 12-monthrelationship).

Notes of Guidance for Acceptable Referees

Categories of Acceptable Referees

27

Nomination of Verifying Officer Form (as per FTR Regulation 5)

Company name

I , Principal Executive Officer/person responsible for the

administration of the account, nominate the person named to be a Verifying Officer in respect of the account(s) listed.

(This person must be identified by the s.21 form)

Account number(s)

Verifying Officer’s name Principal Executive Officer’s name

(This person must be identified by the s.21 form)

Home address of Verifying Officer Signature of Principal Executive Officer

Signature of Verifying Officer Date

Certificate of Identity to Appoint SignatoriesPerson authorised by the company to sign on the account(s) listed above.

1 2

3 4

5 6

If you have more than six signatories please attach a separate piece of paper listing the signatories’ names, signatures andthe Verifying Officer’s signature.

Certification by Verifying OfficerI am satisfied that the person(s) listed above is/are authorised to be a signatory to the account(s) listed above.

I understand that the law requires Verifying Officers to state all the names by which they are commonly known and prohibits theuse of false names. I declare that my particulars (including identification details) as shown on this form are complete and correct.

Verifying Officer’s signature

If nomination of the Verifying Officer or the signatories is revoked or person ceases to be employed notification mustbe received in writing.

Name

Signature

Name

Signature

Name

Signature

Name

Signature

Name

Signature

Name

Signature

/ /

28


29PLEASE DO NOT STAPLE

Colonial First State – Premier CMTDirect Debit Authority Form

Please phone Colonial First State Investor Services on 13 13 36 with any enquiries.

Please complete this form using BLACK INK and print well

within the boxes in CAPITAL LETTERS. Mark appropriate answer

boxes with a cross like the following . Start at the left of each

answer space and leave a gap between words.

X

All Premier CMT account holders must complete sections 1 and

2. If a third party is authorising the Premier CMT account holder(s)

(shown in section 1) to debit their bank account, the third party

must complete section 2 and sign below.

Please provide your name(s) and/or account number below:

Account number ■■■■■■■■■

COMPANY/PARTNERSHIP

Name of company or partnership

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■2. ACCOUNT HOLDER(S) OR THIRD PARTY

I/We authorise Colonial First State Investments Limited (011802), until further notice in writing to arrange for funds to be debited from my/our

account, at the financial institution identified as described in the schedule below, any amounts which Colonial First State may debit or charge

me/us through the Direct Debit System.

THE SCHEDULE (ACCOUNT TO BE DEBITED)


■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Branch name or address

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■Branch number (BSB) Account number

■■■ – ■■■ ■■■■■■■■■■Account name

■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■

INVESTOR 2 (Joint accounts)

Title


■■■■■■■■■■■■■■■■■■Surname

■■■■■■■■■■■■■■■■■■Contact phone number

■■ ■■■■■■■■■

INVESTOR 1 (Individual accounts)

Title


■■■■■■■■■■■■■■■■■■Surname

■■■■■■■■■■■■■■■■■■Contact phone number

■■ ■■■■■■■■■

451280

1. PREMIER CMT ACCOUNT HOLDER(S)

30

DIRECT DEBIT REQUEST AUTHORISATION

W I/We have read the ‘Direct Debit Customer Service Agreement’ provided in the PDS and agree with its terms and conditions;

W I/we request this arrangement to remain in force in accordance with details set out in the schedule and in compliance with the ‘Direct DebitCustomer Service Agreement’.

Signature of bank account holder or company officer Signature of bank account holder

Print name Print name

■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■Date Date

■■ / ■■ / ■■■■ ■■ / ■■ / ■■■■Please send the completed form to:


Reply Paid 27, Sydney NSW 2001

✘✘

31

FSG

Financial Services GuideDated 10 April 2006

Who are we?

Colonial First State is one of Australia’s leading wealth

management providers and a part of the Commonwealth Bank

Group. Any financial services offered will be provided by a

representative of Colonial First State. Colonial First State is licensed

under the Corporations Act to provide these services to you.

Our Australian Financial Services Licence Number is 232468.

We do not act as a representative of any other licensee in relation

to the services we provide you.

To contact us you can:

W call us on 13 13 36

W visit our website at colonialfirststate.com.au

W write to us at Level 29, 52 Martin Place, Sydney NSW 2000

W email us at [email protected].

What financial services and productsdo we offer?

Colonial First State is authorised to offer a range of financial

services, including:

W dealing in financial products

W giving advice on financial products

W operating registered managed investment schemes.

We also offer a range of managed investment, superannuation

and retirement products. Some of our superannuation products

offer life insurance benefits. We can help you to apply for these

products and can also give you financial advice in relation to

our products, or products offered by other financial institutions,

including other members of the Commonwealth Bank Group.

We do not provide financial planning services and only give

personal financial product advice in limited situations. Personal

financial product advice is not provided through our website

or Investor Services.

How can you transact with us?

You can give us instructions by telephone, mail, fax or via our

website. Any dealings with us by telephone or fax will be governed

by our standard ‘telephone and fax terms and conditions’. These

terms and conditions are contained in the PDS for each product

and are also available on the website at colonialfirststate.com.au.

There are also terms and conditions of use for our website and

FirstNet, our secure internet service. These terms and conditions

can be obtained on the website.

How are we remunerated for the serviceswe provide?

If you invest in a product we offer, Colonial First State will receive

remuneration in relation to your investment in that product.

Where we advise you about products offered by another company

in the Commonwealth Bank Group and you acquire that product,

then that company will receive remuneration. This remuneration

may include contribution fees and management costs (which

include transaction, ongoing and, if applicable, any borrowing

costs). In some situations withdrawal fees, account fees and

transaction fees may apply. The remuneration we will receive for

the products we offer is set out in the offer document for the

particular product. The remuneration we will receive for this

product is set out in the ‘Fees and other costs’ section on pages

5 to 7 of this combined document. Colonial First State does not

receive any fees, nor do we charge you additional fees for

providing financial product advice.

What commissions, fees or other benefitsare received?

Employees of Colonial First State who give you advice do not

receive specific payments or commissions for giving that advice.

These employees and our directors receive salaries, bonuses

and other benefits from us. Bonus payments and other

benefits are discretionary, and based on achievement of

pre-determined objectives.

You may receive advice in relation to the products we offer

from financial advisers that do not work for Colonial First State.

These advisers may receive remuneration from us. The adviser’s

remuneration is included in the fees you pay when investing

in our products.

This Financial Services Guide (FSG) is an important document

which we are required to give to you under the requirements

of our Australian Financial Services Licence. It provides you

with information about Colonial First State Investments Limited

(‘Colonial First State’, ‘we’, ‘our’ or ‘us’) to help you decide

whether to use the financial services we provide. This FSG

outlines the types of services and products we can offer to

you. It also explains how we (and other relevant persons) are

remunerated for these services and includes details of our

internal and external complaints handling procedures and how

you can access them.

To invest in any of our financial products you must complete

the application form attached to the relevant offer document.

The offer document contains information about the particular

product and will assist you in making an informed decision

about that product. The offer document for this product,

dated 10 April 2006, is contained on pages 1 to 30 of this

combined document.

If we provide you with personal financial product advice rather

than general financial product advice we will give you a

Statement of Advice (SOA). Personal financial product advice is

advice that takes into account one or more of your objectives,

financial situation and needs. The SOA will contain the advice,

the basis on which it is given and information about fees,

commissions and any associations which may have influenced

the advice.

32

The amount of this remuneration is set out in the offer document

for the particular product. The remuneration we pay advisers in

relation to this product is set out in the ‘Fees and other costs’

section on pages 5 to 7 of this combined document. Your adviser

is also required to set out the remuneration and commissions they

receive in the SOA which they must give to you. Some of these

advisers may be representatives of other licensees in the

Commonwealth Bank Group.

We do not pay commissions or provide other benefits to third

parties for referring customers to us.

How is your personal information dealt with?

Please refer to page 12 of this combined document

(dated 10 April 2006) for details on how your personal

information is dealt with.

What should you do if you have a complaint?

Please refer to page 13 of this combined document

(dated 10 April 2006) for details about our complaints

handling procedures.

Financial Services Guide (continued)

Interests of the directors of the responsible entityDirectors may receive a salary as employees of the Commonwealth Bank Group and from time to time may hold interests in sharesin the Commonwealth Bank of Australia or investments in the fund. This PDS has been authorised by our directors.

Contact usPlease mail completed forms to:Colonial First StateReply Paid 27Sydney NSW 2001

EnquiriesInvestor Services: 13 13 36Website: colonialfirststate.com.auEmail: [email protected]

© Colonial First State 2006

Colonial First State Investments Limited ABN 98 002 348 352AFS Licence 232468

Colonial First State offices:

Sydney(Head Office)Level 2952 Martin PlaceSydney NSW 2000Telephone: (02) 9303 3000Facsimile: (02) 9303 3200

MelbourneLevel 1385 Bourke StreetMelbourne VIC 3000Telephone: (03) 8628 5600Facsimile: (03) 8628 5608

BrisbaneLevel 5240 Queen StreetBrisbane QLD 4000Telephone: (07) 3328 5800Facsimile: (07) 3328 5858

PerthLevel 455 St Georges TerracePerth WA 6000Telephone: (08) 6210 5750Facsimile: (08) 9325 5723

AdelaideLevel 177 Grenfell StreetAdelaide SA 5000Telephone: (08) 8418 5700Facsimile: (08) 8232 4574

6690/FS053/0306

About Colonial First StateColonial First State has been helping Australians with their investment needssince 1988; in that time, we’ve become one of Australia’s leading wealthmanagement providers. The Colonial First State Group currently managesor administers more than $100 billion globally.

Our productsColonial First State provides investment, superannuation and retirement products toindividuals, corporate and superannuation fund investors. Our investment managementexpertise spans Australian and global shares, property, fixed interest, credit, hedge funds,infrastructure and private equity.

Our serviceService is the heart of our business – we’ve made it simple for you to keep track of yourinvestments, however you like to communicate – online, over the phone, in person or bymail. And because we choose our customer service people carefully, there will be someonefriendly and informative waiting to respond.

Our peopleAt Colonial First State, we never lose sight of the fact that we are responsible for otherpeople’s money. We make it our priority to deliver the kind of investment experiencewe would like ourselves. It is a big part of the reason many of the people who work forColonial First State are also investors.

Our awardsColonial First State’s consistent, disciplined approach to investing has been recognised bymany awards within the investment management industry. But it isn’t our style to rest onour laurels – every day across our business our focus is on delivering quality performance,great service and industry-leading products.

Documents

Colonial First State Premier CMT · 2020. 7. 6. · Colonial First State Premier CMT 3 At a glance 1 This page summarises some important information about the Premier CMT. S e c t