What you should know
Financial Services Guide
This FSG is provided to you to the extent (if any) that our activities in relation to our website or services involve the provision of financial services as defined in the Corporations Act 2001 (Cth).
This Financial Services Guide (FSG) describes our services to assist you to decide whether to use them. It describes how we are remunerated, our professional indemnity insurance and how we handle any complaints you may have.
We do not provide personal advice. If you require personal financial product advice we will refer you to, or recommend you contact, a AFS Licensee who is authorised to provide personal financial product advice.
Sharequity Pty Ltd is an authorised representative (No.1259224) of Australian Financial Services (AFS) licensee, Big Start Pty Ltd, AFSL No. 474592 and is authorised to provide the following financial services under their licence:
General financial product advice on basic deposit products, interests in managed investment schemes including investor directed portfolio services, securities and superannuation (incl. SMSFs);
Deal in financial product by arranging for another person to issue interests in managed investment schemes (excluding investor directed portfolio services) and securities; and
Deal in financial product by arranging for, acquiring, varying or disposing of a financial product on behalf of another person in respect of basic deposit products, interests in managed investment schemes including investor directed portfolio services, securities and superannuation (incl. SMSFs) to both retail and wholesale clients.
We host an online business introduction service that introduces Companies looking to raise capital for their next project or initiative via their issuance of securities or scheme interests to investors.
How can you deal with us?
You can only make an enquiry or investment in a hosted opportunity by completing our application form on our web page. Once your details are verified in accordance with our procedures you will then have full access to the website and be able to view full details of all current offers which have not yet closed, been suspended or withdrawn.
For any offers that you wish to invest in, we will forward you a copy of the offer document either directly to your personal email or the offer document will be made available on the website for review. Once you have reviewed your document you are able to send it directly to the company issuing shares.
If you are an investor you can interact with us, and companies hosted on our web page, via completing an online profile and application form. Once completed you can email the companies you have an interest or wish to invest in.
If you are a company you can list on our web page your proposal and associated offer disclosure documents for our investors to view and then they contact you directly if they decide to proceed with making an investment in your opportunity or company.
How we are paid
If you are a Company raising funds we will charge you a percentage fee of between 4.4% to 6.6% (inclusive of GST) based on any amount raised by you, your related bodies corporate or associates from any person or company introduced to you through the use of our website or services.
In addition, we may, by agreement, agree to a different remuneration structure in relation to general handling, consulting and / or service fees or additional products and services provided by us to the Company and for payment of the costs for any third party involved in the preparation of offer or due diligence documents for the Company. The amount of fee will be specified in the agreement between the Company and us when you engage us to provide services to you.
In certain circumstances, we may receive a portion of our raising fees in Company shares.
If you are an investor we do not charge you in relation to any offer introduced to you or brought to your attention through the use of the website or services.
If you require any clarification as to these arrangements please do not hesitate to ask us.
We do not hold or acquire an investment in companies seeking to raise money from investors through the use of our website or services. However, in certain circumstances and with the approval of the Company we may receive a portion of our raising fee in Company shares.
Who we pay?
Our Directors, employees and contractors are renumerated in the following ways;
Salaries – we will pay our Directors, employees and contractors an annual salary based on hours worked; and
Bonuses – we may pay a discretionary bonus to our Directors, employees and contractors based on their individual performance or the overall performance of Sharequity.
If business is referred to us by another entity or person, we may pay the referrer a one-off transaction based fee of up to 55% (incl. GST) of the fees or commission we receive from the Company raising funds or to whom we are providing services to. Sharequity pays these fees from fees it charges to Company’s raising funds or from fees it receives for corporate advisory services.
These referral fees do not represent an additional cost to you.
One of our Directors / shareholder is also a Director / shareholder of our Licensee. They may receive a distribution of our profits.
Professional indemnity insurance
Our AFS licensee has professional indemnity insurance in place. This insurance meets the requirements of Section 912B of the Corporations Act and covers the services provided by us and our representatives after they cease working with us provided we notify the insurer of the claim when it arises and this is done within the relevant policy period.
What to do if you have a complaint?
If you wish to complain about our services, contact our Complaints Manager by emailing firstname.lastname@example.org or by post to the below address. We will acknowledge receipt of your complaint immediately, and attempt to resolve it within 45 days.
Our Licensee is member of the Credit and Investments Ombudsman (CIO) an external dispute resolution scheme. If you are not satisfied with the manner in which your complaint is handled, you are entitled to take your complaint to them. Their contact details are on their website at www.cio.org.au You can access this scheme for free and any decision they make is binding on us, but not on you.
What should I do with this FSG?
This FSG is an important document. You should save an electronic copy of this FSG and/or print a copy for safekeeping.
If you have consented to receiving this FSG electronically, then unless you tell us otherwise, any changes or updates to this FSG will also be notified to you by providing you with a hyperlink via email.
If at any time you wish to receive a hard copy of this FSG or consent to receiving our disclosures electronically, you can do so by sending an email to us at admin@Sharequity.com.au
How we protect your privacy?
We are committed to protecting your privacy. We use the information you provide to assist with the use of our services. We provide your information to financial service providers or other companies with whom you choose to deal (and their representatives) and our related entities. We do not trade, rent or sell your information.
We may store your information in the ‘cloud’ for the purposes of data storage, file backups and or attending to your affairs. These ‘cloud’ service providers may be in countries not regulated by laws, which protect your information in the way that is similar to the Privacy Act.
If a recipient is not regulated by laws which protect your information in a way that is similar to the Privacy Act, we will seek your consent before disclosing your information to them.
How you can contact us
Our AFS licensee
Big Start Pty Ltd
ABN: 87 162 024 866
AFS Licence No: 474592
Address: 11 Swallow Court, Churchlands, WA 6018
Sharequity Pty Ltd
ABN: 43 620 359 588
Corporate Authorised Representative No. 1259224
Ph: (08) 61 020 007
Authorised Representative No. 1259285
Ph: (08) 61 020 007
This FSG was prepared on 23 October 2017, Sharequity Pty Ltd version 1.0, and has been authorised for distribution by Big Start Pty Ltd.