Macquarie Bank Limited

This licence authorises the licensee to carry on a financial services business to:

provide financial product advice for the following classes of financial products:

deposit and payment products including:

basic deposit products;

deposit products other than basic deposit products; and

non-cash payment products;

derivatives;

foreign exchange contracts;

general insurance products;

debentures, stocks or bonds issued or proposed to be issued by a government;

life products including:

investment life insurance products as well as any products issued by a Registered Life Insurance Company that are backed by one or more of its statutory funds; and

life risk insurance products as well as any products issued by a Registered Life Insurance Company that are backed by one or more of its statutory funds;

interests in managed investment schemes including:

investor directed portfolio services;

interests in managed investment schemes limited to:

MDA services;

securities;

standard margin lending facility;

superannuation;

Australian carbon credit units;

eligible international emissions units; and

financial products limited to:

miscellaneous financial investment products;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:

deposit and payment products including:

basic deposit products;

deposit products other than basic deposit products; and

non-cash payment products;

derivatives;

foreign exchange contracts;

debentures, stocks or bonds issued or proposed to be issued by a government;

interests in managed investment schemes excluding investor directed portfolio services;

securities;

standard margin lending facility; and

financial products limited to:

miscellaneous financial investment products;

applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

deposit and payment products including:

basic deposit products;

deposit products other than basic deposit products; and

non-cash payment products;

derivatives;

foreign exchange contracts;

general insurance products;

debentures, stocks or bonds issued or proposed to be issued by a government;

life products including:

investment life insurance products as well as any products issued by a Registered Life Insurance Company that are backed by one or more of its statutory funds; and

life risk insurance products as well as any products issued by a Registered Life Insurance Company that are backed by one or more of its statutory funds;

interests in managed investment schemes including:

investor directed portfolio services;

interests in managed investment schemes limited to:

MDA services;

securities;

standard margin lending facility;

superannuation;

Australian carbon credit units;

eligible international emissions units; and

financial products limited to:

miscellaneous financial investment products; and

underwriting:

interests in managed investment schemes; and

an issue of securities;

make a market for the following financial products:

foreign exchange contracts;

derivatives;

debentures, stocks or bonds issued or proposed to be issued by a government and/or debentures issued by any other body;

Australian carbon credit units;

eligible international emissions units; and

limited to financial products other than:

derivatives;

foreign exchange contracts; and

debentures, stocks or bonds issued or proposed to be issued by a government and/or debentures issued by any other body; and

provide the following custodial or depository services:

operate custodial or depository services other than investor directed portfolio services;

to retail and wholesale clients.