In the course of providing services to you, we may from time to time make recommendations or express opinions that touch upon financial products, where those recommendations are made solely by reference to the taxation consequences of a particular course of action. Such recommendations form part of our taxation advisory services and do not constitute holistic financial planning advice. In accordance with our obligations under the Corporations Regulations 2001 (Cth), we are required to make the following written statement to you, and by signing this engagement letter you acknowledge having received and read it:

We are not licensed to provide financial product advice under the Corporations Act 2001 (Cth). Any recommendation we make in relation to a financial product is made purely by reference to its taxation implications and is not a comprehensive assessment of that product’s suitability for you. Taxation is only one of the matters that must be considered when making a decision on a financial product. Before making any decision in relation to a financial product referred to in our advice, you should consider obtaining advice from the holder of an Australian Financial Services Licence who can assess your personal financial circumstances in their entirety.

This disclosure applies to all taxation advice provided under our engagement that may also constitute financial product advice, and it should be read in conjunction with the scope of services set out in our engagement letter.