Federation Asset Management Pty Ltd

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

provide financial product advice to wholesale clients only for the following classes of financial products:

deposit and payment products limited to:

basic deposit products;

deposit products other than basic deposit products;

derivatives;

foreign exchange contracts;

general insurance products;

interests in managed investment schemes excluding investor directed portfolio services;

securities;

Australian carbon credit units; and

eligible international emissions units;

provide general financial product advice to retail clients for the following classes of financial products:

interests in managed investment schemes excluding investor directed portfolio services;

deal in a financial product by:

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

derivatives;

foreign exchange contracts;

interests in managed investment schemes excluding investor directed portfolio services; and

securities; and

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

deposit and payment products limited to:

basic deposit products;

deposit products other than basic deposit products;

derivatives;

foreign exchange contracts;

general insurance products;

interests in managed investment schemes excluding investor directed portfolio services;

securities;

Australian carbon credit units; and

eligible international emissions units; and

provide the following custodial or depository services to wholesale clients only:

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