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Do have any relationships or associations with insurers who issue the insurance policies or any other material relationships?

Ausure Pty Ltd T/As Ausure Insurance Brokers (Ausure) is a shareholder of Steadfast Group Limited (Steadfast). Steadfast has exclusive arrangements with some insurers under which Steadfast will receive between 0.5 – 1% commissions for each product arranged by Ausure with those insurers. These payments are used to operate Steadfast.

Depending on the operating costs of Steadfast (including the costs of member services provided by Steadfast to Ausure and other Steadfast shareholders) and the amount of total business Ausure places with the participating insurers in any financial year, Ausure may receive a proportion of that commission at the end of each financial year.

As a shareholder of Steadfast Ausure has access to member services including model operating and compliance tools, procedures, manuals and training, legal, technical, banking and recruitment advice and assistance, group insurance arrangements, product comparison and placement support, claims support and group purchasing arrangements. These member services are either funded by Steadfast, subsidised by Steadfast or available exclusively to shareholders for a fee. Steadfast is also a shareholder of Miramar Underwriting Agency Pty Limited (Miramar). As a shareholder, Steadfast may receive dividends from Miramar. These amounts will indirectly contribute towards the benefits Ausure receives from Steadfast. Steadfast has a shareholding in Macquarie Premium Funding. If I/we arrange premium funding with Macquarie Premium funding for you, under its agreement with Macquarie Premium Funding, Steadfast will receive 0.5% of your insurance premium (including government fees or charges). As an equity shareholder of Macquarie Premium Funding, Steadfast may also receive dividends from profits of Macquarie Premium Funding. The amount of the steadfast dividend is based on the share of profit attributable to funding arranged by Steadfast shareholders. The payments (commission and dividends) that Steadfast receives from Macquarie Premium Funding are used to operate Steadfast. Depending on the operating costs of Steadfast and the amount of total business we place with Macquarie Premium Funding in any financial year, Ausure may receive a portion of those amounts at the end of each financial year.

If we arrange premium funding for you Ausure may be paid a commission by the premium funder. We may also charge you a fee (or both). The commission that Ausure are paid by the premium funder is usually calculated as a percentage of your insurance premium (including government fees or changes). If you instruct us to arrange or issue a product, this is when Ausure become entitled to the commission. Ausure’s commission rates for premium funding are in the range of 0% to 5% of funded premium. When we arrange premium funding for you, you can ask us what commission rates Ausure is paid for that funding arrangement compared to the other arrangements that were available to you. The amount of our commission and any fee that we charge will set out in the premium funding contract. You can obtain a copy of Steadfast’s FSG at www.steadfast.com.au