CashMasters Investments Pty Ltd
ABN 26 066 407 743

The purpose of this FSG is to provide you with key information about us
and the services we can provide to you. It is designed to assist you in
your decision on whether to use any of our services described here, including
purchasing general insurance from us. This FSG contains important information
about:

What other documents will we give you?

If we give you personal advice about a retail (ie personal) general insurance product it will be
confirmed in writing, and will show details about fees and commissions we receive.

AMPGID has an Australian Financial Services licence to provide advice and dealing
services in relation to general insurance products.

 AMPGID’s Relationship with GIO General Limited (“GIO”) (ABN 22 002 861 583)
(AFSL 229873)

AMPGID has an arrangement with GIO where:

·         AMPGID distributes general insurance products issued by GIO (the insurer)
     and branded AMP.  The products are distributed under AMPGID’s licence by AMPGID’s
     representatives.  AMPGID receives payments from GIO under this arrangement as
     set out in this document, as well as an annual marketing payment to promote GIO products.

·          AMPGID has no binding authority (underwriting authority) to arrange for its representatives
      to issue general insurance policies on behalf of NTI Limited or CGU Insurance Limited.

 AMPGID’s Relationship with NTI Limited (“NTI”)

AMPGID has an arrangement with NTI where:

AMPGID distributes NTI commercial motor vehicle insurance products only.  These products are
branded AMP. These products are distributed under AMPGID’s licence by AMPGID’s representatives.
AMPGID receives payments from NTI under this arrangement as set out in this document, which
includes a marketing fee of 2.5 % for business placed by us on an ongoing basis.  NTI Limited
(ABN 84 000 746 109)(AFSL 237246) is the manager for National Transport Insurance, an equal
partner joint venture of CGU Insurance Limited (ABN 27 004 478 371) and Vero Insurance Limited
(ABN 48 005 297 807).

AMPGID’s Relationship with CGU Insurance Limited (“CGU”) (ABN 27 004 478 371)(AFSL 238291)

AMPGID has entered into an arrangement with CGU where:

AMPGID distributes CGU farm Insurance products only.  These products are branded AMP.
These products are distributed under AMPGID’s licence by AMPGID’s representatives. AMPGID
receives payments from CGU under this arrangement as set out in this document, which includes a
distribution allowance of 2 % for business placed by us on an ongoing basis.

AMPGID has also entered into arrangements with other general insurance companies and underwriting
agencies to make available travel insurance and certain wholesale general insurance products which GIO
may not issue.  We will only make recommendations on, or deal in, products which are on the Approved
Product List issued by AMPGID when acting on behalf of AMPGID.   Currently, apart from travel insurance
and certain wholesale (i.e. commercial) general insurance products, the majority of products on AMPGID’s
Approved Product List are issued by GIO. Commercial motor products are issued by NTI and farm insurance
products are issued by CGU

AMPGID acts on your behalf when we provide services to  you as their authorised representative.

Authorised representative Keith Lello is also an authorised representative of AMP Financial
Planning Pty Limited.  If we provide financial services outside general insurance, then we will
provide details in a separate financial services guide.  When providing financial services outside
general insurance, we do not represent AMPGID.

AMPGID is covered by professional indemnity insurance satisfying the requirements under the
Corporations Act for compensation arrangements.

The insurance is subject to terms and exclusions.  However the insurance covers claims arising
from the actions of former employees or representatives of AMPGID even where subsequent to
these actions they have ceased to be employed by or act for AMPGID.

You do not have a direct right to claim under this insurance which is taken out to ensure sufficient
resources will be available to meet claims against AMPGID.

You need to provide us with specific details of your property and risks to be insured and
any other relevant information, so that we can give you the most appropriate advice possible.

You do not have to give us your personal information. However, if you do not, the advice that
you receive may not be appropriate to your particular objectives and needs.

We will keep a record of the personal information you provide to us. We will also keep records
of any recommendations we make to you.

If we have given you personal advice as a result of someone referring you to us and if we
pay them a fee or commission in relation to that referral, our Personal Advice Letter to you
will set out that fee or commission.  If you have been referred to us by Nigel Barling we will pay a
commission to Nigel of 50% of the first year commission calculated on the base premium (excluding
government charges) of any policy purchased by you.

Authorised Representative Keith Lello is the sole director and shareholder of
CashMasters Investments Pty Ltd, a corporate authorised representative of
AMP Financial Planning Pty Ltd.  If we provide you with any AMP Financial Planning
products or services no referral fees are transferred from one AR entity to the other.

AMPGID is a member of this independent dispute resolution service.

If you have any questions in relation to the above information or require any further
information please don’t hesitate to contact us or AMPGID.

We are authorised to provide general insurance advisory and dealing services on behalf of AMPGID.

We can assist with the following AMP branded general insurance products which are issued by GIO

• AMP Home & Contents Insurance
• AMP Motor Vehicle Insurance
• AMP Boat Insurance
• AMP Caravan & Trailer Insurance
• AMP Top Strata Residential Insurance
• AMP Commercial Vehicle
• AMP Farm Insurance
• AMP Business Insurance

   Issued by NTI:

• AMP Commercial Motor Vehicle

  Issued by CGU:  

• AMP Countrypak Insurance
• AMP Farm Motor Insurance

We can also assist with Cover-More Travel Insurance, issued by Great Lakes Reinsurance (UK) Pic trading
as Great Lakes Australia (100% subsidiary of Munich Re) as well as wholesale (i.e. commercial)
general insurance products.

For GIO issued products AMPGID is paid a commission and distribution allowance if you
purchase or renew general insurance products we arrange for you. We will receive a
percentage of this amount from AMPGID.  No commission is paid if you do not buy
the recommended product. The commissions are calculated as a percentage of the
base insurance premium of the relevant general insurance product (excluding any
government taxes and charges).  It is not an extra charge to you.

The commission and distribution allowance that AMPGID receives depends on the
type of insurance product that is sold and the amount of the premium.  If we provide
you with personal advice on a retail (i.e. personal) insurance product we will disclose
to you the distribution allowance amount paid to AMPGID and the amount of the
commission paid by AMPGID to us.  We will do this at the time we give you advice
or as soon as practicable after. If you don’t receive personal advice on a retail product,
we can tell you how much distribution allowance AMPGID receives if you ask.

For NTI and CGU issued policies we receive a percentage of the payment paid to
AMPGID by NTI and CGU.

Adviser Administration Fee

In addition to the premium payable on the insurance product, we may charge an Adviser Administration Fee.
The fee charged may vary depending on your circumstances.  If a fee is charged it will be applied when you
purchase an insurance product we recommend.  We will tell you the actual amount of the fee before you
purchase an insurance product.
The fee may also be charged if we provide additional services to you or when you renew the insurance
product.  If the fee is charged when you renew your insurance, the amount payable (which may change) will
be set out in the renewal notice.

Depending on the circumstances, we may:

• reduce our commission (which may be to nil) and charge the fee; or

• charge the fee in addition to receiving commission.

For AMP branded GIO products, GIO collects the fee on our behalf and passes the fee on to us.
Alternatively we may invoice you directly for the fee. The fee is in addition to the premium payable
on the insurance product.

If we charge a fee for AMP branded NTI and CGU products, we will invoice you directly

If you cancel the insurance product, we may refund a portion of the fee, depending on the circumstances.
For AMP branded GIO insurance products, GIO is not responsible for refunding the fee despite GIO
collecting the fee on our behalf..

Payments to Advisers

Individual authorised representatives engaged by CashMasters Investments Pty Ltd are
employees and receive a salary only.

In addition to the remuneration described above, we may receive other benefits
which could be considered to influence our recommendations to you.  These
may include non-monetary rewards or benefits eg tickets to sporting events,
attendance at golf days and competition prizes, which can include items such
as gift vouchers, wine or dinners.  We may also receive other benefits from
AMPGID or GIO such as financial or marketing assistance. 

 GIO will make incentive payments to AMPGID if AMPGID meets or exceeds agreed
targets based on growth in written premium and insurance trading results.

 

                                                        END Financial Services Guide