How are any commissions, fees or other benefits calculated for providing the financial services?
Generally the payment we receive will be based on the amount you pay. It may vary from one Financial Product issuer to another. Details of the payment we receive are contained in the Product Disclosure Statements for most Financial Product issuers available from us. If you receive personal advice from us, we will tell you about any commissions, fees and any other benefits, where possible in actual dollar amounts, in the Statement of Advice. We will give you this Statement of Advice, before we proceed to act on your instructions. Commission The commission is a percentage of the insurer’s base premium (ie premium excluding stamp duty, fire services levy, GST or any other government charges, taxes, fees or levies). The rate ranges between 0% and 20%. The commission reimburses us for administrative and other expenses we incur in providing our services. It also covers the cost of performing the distribution functions of the insurer such as data entry, marketing, annual review and underwriti
