Terms & Conditions

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The information in this website is prepared for eligible investors in the managed investment schemes for which Legg Mason Asset Management Australia Limited (ABN 76 004 835 849; AFSL 240827) ("Legg Mason Australia") acts as Responsible Entity and the pooled superannuation trusts for which Legg Mason Australia acts as Trustee. Any reference to “Legg Mason Australia” or “Martin Currie Australia” is a reference to Legg Mason Asset Management Australia Limited. “Martin Currie Australia” is a division within Legg Mason Asset Management Australia Limited. You should not rely on any of the information contained in this website as it is for informational purposes only. This website is designed for Australian investors and only concerns financial products that are registered for sale in the Commonwealth of Australia. Persons resident in territories other than Australia should not access this site. This website only includes information on financial products that are registered for sale in the Commonwealth of Australia. A copy of the Product Disclosure Statement ("PDS") for the relevant product should be consulted and independent financial or legal advice should be obtained prior to making any investment decisions.

Use of this website is subject to the general terms and conditions set out below and the Privacy Policy contained in this website.

Introduction

1.0 A brief introduction about this website

The following information is important and is for your protection. This website is for information purposes only and may be referenced on or through this website.

1.1 Who is the operator of this website

This website is owned and operated by Legg Mason Australia, a wholly owned subsidiary of Legg Mason, Inc., a U.S. based financial services holding company that is listed and traded on the New York Stock Exchange, Inc. All of the information on this site is approved for publication by Legg Mason Australia, whose registered office is located at Level 47, 120 Collins Street, Melbourne VIC 3000.

General terms and conditions of using this website?

2.0 What do I need to know about the accuracy of information contained within this website?

The information provided in this website is given in good faith and is believed to be reliable as at the date the document containing the information was last updated. In addition, all information contained on this website is based on our general understanding of relevant legislation, rules and guidelines applicable as at that date. However it is not intended to be a complete description of the matters contained. Any opinions expressed in this website are subject to change without notice. Except in respect of any liability which cannot be excluded under any statute, none of Legg Mason Australia, its related companies, nor their directors or employees give any representation or warranty as to the accuracy of the information in this website, and Legg Mason Australia and its related companies do not accept any responsibility for updating any information or correcting any error or omission which may become apparent.

Any unit prices, distribution information or performance data is for historical information purposes only and do not represent the present or future position of the investment products and should not be relied upon as such. Past performance is not indicative of future performance. Nothing on this website constitutes an invitation or inducement to engage in investment activity or acquire any financial product.

2.1 Does this website offer financial advice or inducement?

Nothing on this website constitutes financial advice or financial product advice and all information is of a general nature only and does not take into account the investment objectives, financial objectives or particular needs of any investor or potential investor. Investors should consider the PDS available for each financial product on this website prior to making any investment decision and should consider consulting independent financial or legal advisors. Nothing on this website constitutes an invitation or inducement to engage in investment activity or acquire any financial product.

2.2 What are the general risk factors I should be aware of before accessing information on this website?

  • Past performance is no guide to future returns.
  • The value of your investment and any income from it can fall as well as rise and you may not get back the amount you have invested. None of the products offered by Legg Mason Australia are capital guaranteed nor does Legg Mason Australia or any of its affiliated companies make any guarantees of performance of those products including in relation to the return of any capital or income. Income receivable may vary from the amount of income projected at the time of acquiring the financial product.
  • Exchange rate fluctuations may affect the value of a financial product and any income derived from it.
  • If you exercise any cooling-off right, if applicable, you may not get back the amount initially invested if the price of the financial product has fallen since you invested.
  • Deductions for charges and expenses mean that you may not get back the amount invested.
  • There can be no guarantee that the tax position or proposed tax position prevailing at the time of a financial product will not change.
  • Dividends and capital gains on the financial products issued by Legg Mason Australia may be subject to withholding taxes imposed by the countries in which the particular financial product invests.

The particular risks relevant to your product may vary you must read the PDS for each financial product for all the relevant risk factors pertaining to that financial product. Investors should print and retain a copy of the latest PDS.

2.3 Are the range of funds on this website available to "U.S. persons"?

No. Neither Legg Mason Australia nor any of its financial products are registered as investment companies in the United States under the U.S. Investment Company Act of 1940, as amended nor are the units in any such financial products registered under the U.S. Securities Act of 1933, as amended ("Securities Act"). Units of the financial products are not available for purchase by "U.S. Persons" as that term is defined under Regulation S of the Securities Act. The information provided on this website is not intended for distribution to, or use by, any person or entity in the United States, or in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject any of the financial products described herein, Legg Mason Australia (including its affiliates) or any of their products or services to any registration, licensing or other authorisation requirement within such jurisdiction or country. Nothing on this website shall be considered a solicitation to buy or sell a security, product or service (including advisory service) to any person.

2.4 Does this website include content from third party providers other than Legg Mason Australia?

Yes. Through this website, you may have access to market data such as news reports, third-party analyst reports, research, last sale transaction data, securities price quotations or other information relating to securities and the securities markets ("Market Data"). Legg Mason Australia may obtain this Market Data from third parties or associates who are independent of Legg Mason Australia. Even though the sources of the Market Data provided on this website are believed to be reliable, Legg Mason Australia is not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the Market Data.

The Market Data is provided "as is" and on an "as available" basis. Legg Mason Australia will not be responsible for lost profits, trading losses, or any other damages resulting from inaccurate, defective, or unavailable Market Data or other information. Legg Mason Australia is not obligated to update or to continue to offer Market Data or other information accessible through this website.

2.5 Important information about liability

Limitations of liability — except for any liability which cannot be excluded under statute, none of Legg Mason Australia, its related companies, nor their directors or employees give any representation or warranty as to the accuracy of the information in this website, and Legg Mason Australia and its related companies do not accept any responsibility for updating any information or correcting any error or omission which may become apparent, including in relation to unit price, distributions and historical performance. Further, Legg Mason Australia makes no warranty or representation that the website can be accessed at all times. The website may, without notice, be temporarily unavailable or restricted for administrative or other reasons.

You will indemnify Legg Mason Australia (including its affiliated or associated companies) and their officers, directors, employees and agents in respect of any third-party claim for any injury, loss, damage or expense occasioned by or arising directly or indirectly from the operation, use or supply of information to a third party provided in breach of any of your obligations under these Terms and Conditions.

If you transmit any communication through this website to Legg Mason Australia directly or through any third-party internet or other service provider, you shall be responsible and liable for any omissions or failures that may be made while transmitting or receiving communications using this website. This website is not designed for the transmission of time sensitive instructions - this means that if you use this website to transmit time sensitive instructions, you will be responsible and liable for any loss that may arise, and you transmit such time sensitive information at your own risk.

2.6 Intellectual property

Unless otherwise indicated, Legg Mason Australia owns the copyright and any other intellectual property rights subsisting anywhere in the world to the information on this website. You may not copy, reproduce, duplicate, modify, adopt or lend, sell, disseminate or otherwise transfer, in whole or in part, any of the information, contained in this website, except for the purpose of accessing the site and producing print-outs for your own personal use.

We do not recommend or endorse and accept no responsibility for the content of any website not operated by Legg Mason Australia which you may visit by following a link from this website. No other website, without the prior written permission of Legg Mason Australia, is authorised to link to any part of this website.

Please note that if you telephone Legg Mason Australia, calls may be monitored or recorded to maintain and improve services.

Other information

3.0 Changes to content within the website

We reserve the right, in our sole discretion, to change, modify, add or remove portions of these Terms & Conditions at any time without notice to website users. Similarly, we reserve the right, in our sole discretion, to change, modify, add or remove the content of this website. You must check these Terms & Conditions periodically for changes. Any changes, modifications, or additions to, or deletions from these Terms & Conditions shall be effective upon posting on or removal from this website. If you access this website after we post changes to the Terms & Conditions, you accept the Terms & Conditions as changed.

3.1 Privacy policy

The Terms & Conditions are subject to the Legg Mason Australia Privacy Policy which can be accessed through this website. Please refer to this document for information on how your privacy is protected and for details of Legg Mason Australia's compliance with its obligations under the Privacy Act 1988 (Cth).

3.2 Cookies

Legg Mason Australia's websites use cookies for collecting user information from certain pages of the websites. A cookie is a file that is stored on the hard disk of a computer by the web browser on that computer. It contains information sent by the website that a user has visited. A cookie identifies users and can store information about them and their use of a site. Legg Mason Australia uses cookies to keep track of user activity and allows Legg Mason Australia to identify which areas of the website are more interesting so that improvements can be made to the website.

3.3 Website links

This website may contain links to other websites operated by entities other than Legg Mason Australia. Legg Mason Australia has no control over the information or any products or services contained on these websites. Accordingly, Legg Mason Australia makes no representations regarding the accuracy or suitability of the information, services or products described there in. You should make your own enquiries in relation to parties described or linked to this website.