Terms & Conditions
These terms govern access to and use of the PAC Partners website and the material made available through it (Website). The Website is operated by PAC Partners Securities Pty Ltd (PAC Partners, PPS, we, us or our), a Corporate Authorised Representative of PAC Asset Management Pty Ltd (PAM), holder of Australian Financial Services Licence number 335374.
By using the Website, you agree to these terms. If you do not agree, you must stop using it. These terms govern Website use only. Separate client agreements, engagement letters and transaction documents govern the services and transactions to which they relate and prevail to the extent of any inconsistency about those services or transactions.
Intended audience and access
Our investment research and financial services are intended for wholesale clients within the meaning of the Corporations Act 2001 (Cth). General information about PAC Partners and its corporate advisory services may be viewed publicly. Public access to the Website does not make restricted research or investment opportunities available to retail clients.
We may require evidence of your wholesale client status before providing research, access to restricted material or financial services. A subscription, registration or acknowledgement alone does not establish that status. You must provide accurate information and tell us if your eligibility changes.
The Website is directed to persons in Australia. Overseas persons should contact us before seeking research or services. You must comply with applicable local laws and distribution restrictions; access does not mean that a product, service or publication is available or lawful in your jurisdiction.
General information and general advice
The Website contains information about our business and may contain general financial product advice, including investment research. Any such advice is general only and has been prepared without considering your objectives, financial situation or needs. It is not personal financial advice, legal advice or tax advice.
Before acting, consider whether the information or advice is appropriate for you and obtain independent professional advice. Where applicable, read the relevant prospectus, product disclosure statement or other offer document. Accessing the Website, subscribing or downloading material does not create a client or advisory relationship with PAC Partners.
Research disclaimer and wholesale restrictions
PAC Partners research is provided to wholesale clients only. It is not intended for retail clients or unauthorised third parties, who must not rely on it. Research must not be forwarded or otherwise made available to retail clients. If you receive it in error or are not an eligible recipient, stop using it and contact us.
Research may contain general securities advice. Read the complete report, including its recommendation criteria, risk ratings, analyst disclosures, corporate involvement and disclaimer. Opinions, forecasts and recommendations reflect the judgement and assumptions at publication and may change without notice. They are not promises of future performance.
Research is for the intended recipient and is not for public circulation. You must not reproduce, publish, upload or distribute it, in whole or in part, without our prior written consent. This Website summary supplements, and does not replace, the disclosures and restrictions in each report. Report-specific disclosures apply to that report.
Investment risks and forward looking statements
Investments involve risk, including loss of some or all capital. Small and emerging company securities may be speculative, volatile or illiquid. Unlisted and pre-IPO investments may have limited transfer or exit options, and a proposed listing may be delayed or may not proceed.
Past performance is not a reliable indicator of future performance. Forecasts, price targets, estimates and other forward-looking statements depend on assumptions and are subject to uncertainty. Actual outcomes may differ materially. Neither PAC Partners nor PAM guarantees investment returns, repayment of capital, liquidity, a listing or any transaction outcome.
Interests and conflicts
PAC Partners, its related entities, directors, employees and associates may hold or trade securities referred to on the Website or in research, and may act as principal or agent. We may provide, or seek to provide, corporate advisory, capital raising, underwriting, research or other services to companies mentioned, and may receive fees, brokerage, commissions, securities, options or other benefits.
These relationships and interests may create conflicts that could affect the objectivity of research or other material. Read the specific disclosures in each report and relevant transaction document. A disclosure about one company or report does not apply automatically to another company or report, or to a later publication.
Capital raisings and investment opportunities
Unless expressly stated in a legally compliant offer document, Website material is not an offer, invitation or solicitation to acquire, subscribe for, sell or underwrite securities or other financial products. Descriptions of completed transactions are historical credentials and do not indicate that an investment remains available.
Any investment opportunity is subject to its own offer documents, eligibility requirements, jurisdictional restrictions and application procedures. An enquiry or expression of interest does not constitute an application, guarantee an allocation or establish eligibility. We may require separate evidence that a particular offer exemption applies. Wholesale client status for financial services does not, by itself, establish eligibility for every offer of securities.
Accuracy and currency
We take reasonable care in preparing Website material and use sources we believe to be reliable. However, information may contain errors or omissions or become outdated. To the extent permitted by law, we do not warrant its accuracy, completeness, currency or suitability for any particular purpose.
Information, opinions and market data speak as at their stated date. We may correct, change or remove material, but do not undertake to update every publication or notify each user of changes, except where required by law. Archived material should not be treated as current advice.
Third party material and links
The Website may include third-party material and links to external websites or platforms. Unless expressly stated, a link or inclusion does not imply our endorsement or adoption of that material. Third-party services are subject to their own terms and privacy practices. To the extent permitted by law, we are not responsible for material or services outside our control.
Intellectual property and permitted use
Website content, research, branding, design and software are owned by or licensed to PAC Partners or their respective owners. Subject to any additional restrictions, you may view and download content for your lawful personal use or internal business evaluation, keeping all copyright notices, disclaimers and disclosures intact. Research remains subject to the wholesale and distribution restrictions above.
Except as permitted by law or with our prior written consent, you must not republish, sell, commercially exploit, modify or distribute Website content; frame it within another website; use our trade marks; or systematically scrape or extract content. You must not upload restricted research to public platforms or third-party systems that make it available to unauthorised users.
- failure by you to comply with the Terms and Conditions;
- reliance by you on any information provided on or through accessing the Website or any external website;
- your access to, or use of, the Website or any external website; or
- access to, use of, or reliance on, any information provided on or through accessing the Website or any external website by any person accessing that information through the Website or any external website.
Security and acceptable use
You must not interfere with the Website, introduce malicious code, bypass access controls or seek unauthorised access to systems, accounts or data. Keep any access credentials confidential and notify us promptly of suspected misuse. Do not submit unlawful, misleading or infringing material.
We do not guarantee uninterrupted, error-free or completely secure access. You should maintain appropriate security protections on your devices. We may suspend or restrict access where reasonably necessary for security, maintenance, legal compliance or a suspected breach of these terms.
Subscriptions and privacy
Subscription to a newsletter does not automatically entitle you to research or restricted opportunities. We may verify eligibility and decline or discontinue access where appropriate. You may unsubscribe from marketing communications using the unsubscribe facility or by contacting us.
We handle personal information in accordance with our Privacy Policy, available through the Website. It explains how we collect, use and disclose personal information, and how to request access or correction or raise a privacy complaint. Third-party platforms may apply separate privacy terms.
Liability and rights preserved by law
Nothing in these terms excludes, restricts or modifies a right, guarantee, remedy or liability that cannot lawfully be excluded, restricted or modified, including under applicable consumer and financial services laws.
Subject to that protection, and to the extent permitted by law, PAC Partners, PAM, their related entities and their respective directors, officers, employees and agents exclude liability for loss arising from use of, inability to use, or reliance on the Website or its content, including errors, omissions, interruption and third-party material, whether arising in negligence or otherwise. This exclusion does not apply to fraud, wilful misconduct or liability that cannot lawfully be excluded.
Misuse and third party claims
To the extent permitted by law, you indemnify PAC Partners against reasonable losses, costs and expenses arising from a third-party claim caused by your unlawful use of the Website or deliberate or reckless breach of these terms. Your responsibility is reduced to the extent that our negligence, fraud, wilful misconduct or breach of law contributed to the loss. You are not required to indemnify us merely because you lawfully access the Website or read its content.
Changes and governing law
We may update these terms by publishing a revised version and its effective date. Changes apply to use after that date and do not retrospectively remove accrued rights. Intellectual property, distribution restrictions and liability provisions continue to apply after access ends, to the extent relevant. Any provision that is unenforceable is severed to the extent necessary without affecting the remainder.
These terms are governed by the laws of Victoria, Australia. You and PAC Partners submit to the non-exclusive jurisdiction of the courts of Victoria and courts entitled to hear appeals from them. For questions about these terms or research access, use the contact details on our Website.
