Licensee Disclosure

Hillross Financial Services is the holder of an Australian Financial Services Licence (AFSL). Both Hillross as licensee and Hillross advisers, both employed advisers and authorised representatives of the licensee, must meet various obligations imposed under the AFSL, under various laws including the Corporations Act and regulations, as well as pursuant to various professional and industry body directives, codes and other guidance.

The National Consumer Credit Protection Act (NCCPA)is a licensing regime for those operating in the consumer credit market, including lenders, mortgage brokers, aggregators, and in some instances, financial planners. Consumer credit includes loans provided for personal, domestic or household purposes. All persons who engage in credit activities must hold an Australian Credit Licence (ACL) or be a representative (either an employee representative or an authorised credit representative) of an ACL holder. Hillross has an Australian Credit Licence (ACL) and has appointed its authorised representatives, including corporate representatives, as Credit Representatives (ACRs).

Further detail, including the definitions of credit activity and credit assistance and an outline of the credit assistance authorities provided by Hillross to its advisers, is set out on Portal under Services > Advice > Advice areas > Credit advice.

Note: In this section of the manual we have used the term authorised representative as a general term to cover both authorised representatives under the Hillross AFSL as well as authorised credit representatives under the Hillross ACL.

The Tax Agent Services Act (TASA) 2009 requires that financial advisers providing advice on tax matters (either incidental or otherwise to the subject matter of the advice) to be registered (or supervised by a registered individual) with the Tax Practitioners Board (TPB) from 1 July 2014 as tax (financial) advisers. Under their TPB registration, advisers must meet the personal and professional standard requirements for registered tax (financial) advisers in accordance with the TPB Code of Conduct. The obligations imposed by the Code of Conduct can be found in the Tax Agent Services Act 2009.

Wilson Pateras Financial Planning Pty Ltd (ABN 85 301 035 961), trading as Wilson Pateras Financial Planning is an authorised representative and credit representative of Hillross Financial Services Limited (Hillross), Australian Financial Services Licensee and Australian Credit Licensee.