Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly CHI-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Commonwealth Bank of Australia and its subsidiaries do not guarantee the obligations or performance of Commonwealth Securities Limited or the products or services it offers. CommSec’s registered office is Commonwealth Bank Place South, Level 1, 11 Harbour Street, Sydney, NSW 2000 and principal place of business is Commonwealth Bank Place South, Level 5, 11 Harbour Street, Sydney, NSW 2000.
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CommSec makes no representation or warranty as to the accuracy, completeness, timeliness or reliability of the contents of this website, and other than as required under consumer protection law. CommSec accepts no responsibility for errors or misstatements, negligent or otherwise and under no circumstances will CommSec be liable for any loss or damage whatsoever caused by a user's reliance on information obtained from this website, including from use of tools and calculators.
CommSec accepts no obligation to correct or update the information or opinions on this website. The information on this website may be based on assumptions or market conditions and may change without notice.
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Risks: All financial products involve risks and may not be suitable for all investors. The price of any financial product can and will fluctuate, and any individual financial product may experience upward or downward movements, and you may even lose the full value of your investment. Clients seeking to invest in financial products and services offered in other jurisdictions must take in to account additional risks inherent in international investments, such as currency fluctuations, changes in market and economic conditions impacting international stock markets / products which may adversely affect the value of the investment.
Suitability: Prior to acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) with regard to your objectives, financial situation or needs, and, if a current offer document is available, read the offer document before acquiring products named on this website. CommSec does not offer or provide personal financial advice to clients. You should seek independent financial, legal and taxation advice prior to acquiring any security or other financial, credit or lending product.
Exchange Traded Options (ETOs) and Warrants: Investing in ETOs and Warrant products carries significant risks and is not suitable for all investors. You must consider all mandatory disclosure documents including but not limited, CommSec Product Disclosure Statements(s), Market Operator published explanatory booklets, trading terms and conditions and any other relevant material. CommSec will not accept any orders in ETOs or Warrants from a client until all mandatory disclosures have been received and acknowledged by the respective client.
CommSec Margin Lending is a product of the Commonwealth Bank of Australia administered by CommSec.
Commonwealth Direct Investment Account (CDIA) is a product of the Commonwealth Bank of Australia marketed by CommSec.
The Commonwealth Bank is a signatory to the revised Banking Code of Practice. Information about the Banking Code of Practice is available from www.commbank.com.au.
Forecast, Projections and Predictive Statements: Past performance of any product described on this site is not a reliable indication of future performance. This website may contain forecasts, projections or other predictive statements that represent the views of the relevant analyst, based on assumptions and expectations available at time of publishing and may change without notice. No member of CommSec or CBA Group represents or warrants that such forward statements will be achieved or will prove to be correct. Actual future results and operations may be materially different to any forward-looking statements contained herein.
Published market commentary: CommSec publishes reports that contain general market-related commentary on macroeconomic themes that are not intended to be investment (securities specific) research reports or advice. We hereby certify that any views expressed in CommSec published reports are general in nature and accurately reflect information about the target subject at the time of publishing. Any reports published by CommSec do not take individual financial circumstances into consideration. The Analysts responsible for preparing a report may receive compensation from CBA Group based upon various factors including total revenues, a portion of which are generated by CommSec’s activities.
CommSec employees, including employees involved with the preparation of CommSec published reports, may have interaction with companies mentioned in the report. Additionally, CommSec does and seeks to do business with companies that may be referred to in a CommSec published report. There are robust information barriers in place to protect the independence of CommSec’s published market-related commentary.
Any reference to a specific company within a CommSec published report is not intended to be interpreted as a recommendation in any way. You should refer to the full research report available via CommSec’s website to review the company’s full Research report and important disclosures before making any investment decision.
CommSec’s officers and employees may have relevant interests in securities that may be mentioned within CommSec published reports or the CommSec website. No CommSec employee receives commissions or fees as part its remuneration structure.
Disclosure of Interests: CBA Group, CommSec and any of its employees may have interests in the securities and other financial, credit or lending products referred to in this website. This may include direct holdings; being, or appointing directors of their issuers or related companies; having acted, or may in the future act in various roles including the role of underwriter, dealer, broker, lender or financial adviser to their issuers. We may, where permitted by law, receive fees, brokerage or commission for acting in those capacities.
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Charting: Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices. Worked samples are for illustrative purposes only.
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