Statement of Advice

6th September 2021 Ms V XX and Mr D YY 21 SMITH CRESCENT ADELAIDE SA 5000 Dear Valerie and David, Statement of Advice Please find enclosed your Statement of Advice which contains our advice to help you achieve your objectives. This is just the first step towards helping you achieve your needs and objectives, and it is important that your financial strategy continues to be reviewed on a regular basis. Our advice is based on my understanding of your needs and on the information, you provided during our recent discussions. If you have any questions or believe that I have overlooked or misinterpreted any relevant information, please contact me before proceeding. Yours sincerely, Mr Adviser B.Com., LLB, Adv. Dip. FS (FP), CFP® Financial Planner ABC Financial Planning Pty Ltd 2 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Prepared by Mr Adviser ABC Financial Planning Pty Ltd 1 Finance Street, Adelaide SA 5000 T 08 8222 2000 E [email protected]

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Statement of Advice 06 September 2021 Presented to: Valerie XX and David YY 21 SMITH CRESCENT Adelaide SA 5000 3 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Table of contents Reasons for seeking advice…………………………………………………………………………………………………………………………4 Your goals, needs and objectives ……………………………………………………………………………………………………………….4 What our advice covers……………………………………………………………………………………………………………………………….5 Summary of our advice ……………………………………………………………………………………………………………………………….7 Where you are now……………………………………………………………………………………………………………………………………..9 Your risk profile………………………………………………………………………………………………………………………………………… 10 Strategy recommendations……………………………………………………………………………………………………………………… 13 Investment product recommendations ………………………………………………………………………………………………….. 24 Replacement of product ………………………………………………………………………………………………………………………….. 33 Your insurance needs ……………………………………………………………………………………………………………………………… 41 Insurance product recommendations ……………………………………………………………………………………………………. 43 Insurance replacement of product …………………………………………………………………………………………………………. 51 Our ongoing review service……………………………………………………………………………………………………………………… 53 Cost of our advice…………………………………………………………………………………………………………………………………….. 54 Product costs……………………………………………………………………………………………………………………………………………. 55 Next steps ………………………………………………………………………………………………………………………………………………… 60 Authority to proceed ……………………………………………………………………………………………………………………………….. 61 Supporting Calculations…………………………………………………………………………………………………………………………… 63 Important information Please read this Statement of Advice carefully. If any of the details we have recorded for you are incomplete or inaccurate, please let us know because the advice may not be appropriate for your circumstances. Please also let us know if you do not fully understand the advice we have provided. Our advice remains current for a period of 30 days from the date of this document. If you decide to implement our recommendations after this time (or if your circumstances change during this time), please contact us so we can confirm that the advice continues to be suitable for you. This document should be read in conjunction with its associated appendices and any other provided materials. 4 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Reasons for seeking advice

Valerie, you have inherited money from your Mum’s Estate and have plans to invest a portion of your inheritance into an investment portfolio, for the long-term. David, you have $100,000 in a savings account, which is not providing much of a return at the moment. You would like to review your existing superannuation and insurance and develop a joint financial plan leading towards retirement, in the next 10 years. Your goals, needs and objectives At our meeting we agreed to provide advice on your goals and aspirations which we identified as follows. Valerie’s goal Establish an investment portfolio Long Term | Estimated $250,000 You inherited money from your deceased Mother’s estate and would like to establish an investment portfolio, to help create and build your wealth.

David’s goal Establish an investment portfolio Long Term | Estimated $100,000 You would like to establish an investment portfolio to help create and build your wealth.

Valerie and David’s goal Assess your insurance needs Short Term You would like an assessment of your insurance needs to ensure you have the right insurance cover in place, to protect yourself and your family in the event of any unforeseen circumstances.

Valerie and David’s goal Review Superannuation Long Term | Estimated $328,000 You would both like to review your existing superannuation, to determine if the platform is competitive with other platforms and to ensure that you are invested in line with your risk profile.

5 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd What our advice covers

We agreed that our advice would cover the following: Investment SuperannuationInsurance

Our advice does not address any other financial planning need other than those listed above. After you have read our advice, if you feel that you would like advice in any areas not addressed, or if you would like to vary the advice in any way, please contact us and we will be happy to assist. What our advice doesn’t cover This Statement of Advice does not address the following: • Estate Planning – you both already have a Will and Power of Attorney, which are up to date. • Bank Accounts – you will continue to manage these yourself. • David’s Telstra shares – you are happy to retain. The following goals were excluded: • Private school funding for Suzie. • Buy a new house. Your decision to limit the scope of the advice has some important consequences for you to consider. Most importantly, by asking us to limit the advice as detailed above, we are not considering other products or strategies. While we are conscious of your preferences, I have a professional duty to act in your best interests may need to expand the scope of our advice if I identify relevant matters that you need to consider. In any event, your decision to limit the scope of my advice means that you have to personally consider any recommendations I make for appropriateness in light of your own knowledge of your needs and circumstances. You should not implement recommendations that you do not understand or without appreciating their likely consequences and implications. 6 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Appropriateness and suitability Although we have made our own enquiries before providing any recommendations to you, we have also relied on your confirmation that the information you supplied to us was accurate and complete. If you are concerned that the information on which we relied may be inaccurate or incomplete, you should contact us immediately to correct your information and ensure that our advice remains appropriate. Should you choose not to do so, there is a risk that our advice may not be suitable for you. In these circumstances, before implementing our recommendations, you must make your own assessment of the appropriateness of our advice in light of your objectives, financial situation and needs. 7 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Summary of our advice

At our initial meeting in July 2021, we agreed to provide advice on your goals and aspirations which we identified as follows. • Valerie, you inherited money from your deceased Mother’s estate and would like to establish an investment portfolio to help create and build your wealth. • David, you would like to establish an investment portfolio to help create and build your wealth. • Valerie and David, you would like an assessment of your insurance needs to ensure you have the right insurance cover in place to protect yourself and your family in the event of any unforeseen circumstances. • Valerie and David, you both would like to review your existing superannuation to determine if the platform is competitive with other platforms and to ensure that you are invested in line with your risk profile. At a follow up meeting in August 2021, we discussed a number of recommendations with you. These recommendations are now summarized in this Statement of Advice. Strategy recommendations Step Strategy1Valerie, retain your existing superannuation fund and attached insurances. Rebalance the investments to be in line with your Balanced risk profile.2David, apply for the following insurances with a new insurer: • Life cover of $150,000 (payable from superannuation) • Total Permanent Disability of $150,000 with any occupation and TPD Buy Back (payable from superannuation) • Trauma cover of $100,000 with Crisis Recovery buy-back and Crisis Recovery Reinstatement (payable from personal cashflow) • Income Protection cover of $2,146 per month with a 90 day wait and benefit to age 65 (payable from superannuation) Cancel your existing once your new policies are in place.3David, rollover your superannuation to a new provider (only once your new personal insurances are implemented). Invest your superannuation funds in line with your Conservative risk profile. Redirect your future Super Guarantee contributions to your new accounts. Review your beneficiary nomination.4Valerie, utilise a portion of your inheritance funds to commence an investment portfolio. Invest your funds in line with your Balanced risk profile. Select to pay income distributions to the cash account.5David, utilise available funds to commence an investment portfolio. Invest your funds in line with your Conservative risk profile. Select to pay income distributions to the cash account.6 Valerie, review your existing share portfolio.

8 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Product recommendations Investment productsValerie, VEST SuperDavid, FTP Super

Insurance productsValerie, VEST Super and WEALTHAB Invest (Choice)David, BKJ Priority Protection and WEALTHAB Invest (Choice)

How our advice leaves you in a better position

Your retirement funds will be cost effective which will assist with preserving capital and accelerating growth in the long term. Your superannuation and investment funds will be invested in line with your respective risk profiles consistent with your investment timeframe and tolerance for risk. Your available cash will be invested in income and growth assets, providing the potential for a higher return than the current cash rate. In the event of your death, total and permanent disablement, trauma, or accident/injury, and a successful claim is made, our recommended cover will help to ensure that your current needs will be met. You will have a comprehensive insurance package in place where the premiums will also be structured and funded in the most effective manner. Our financial modelling will take into consideration you both retiring when Valerie reaches age 65 and your required income of $60,000 per annum, providing you with an indication of longevity of funds. Costs to you and other information you should know For full details of any fees, benefits, interests, and associations relevant to this advice, please refer to the following sections: • Costs of our advice • Product costs 9 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Where you are now

Our advice is based on the information you provided to us, our enquiries and our understanding of your situation. A summary of this information is shown below, with further details contained in the Appendix. Please review this information carefully to ensure the details are accurate. Valerie DavidDate of birth 16/06/1968 (52) 05/10/1964 (56)Marital Status De Facto De FactoOccupation Marketing Consultant Customer Service OfficerEmployment Status Self-Employed Part-timeHealth Excellent ExcellentSmoker No NoWill Yes YesPower of Attorney Yes YesDependants Lily

Income and expenses Valerie David JointIncome $65,000 $35,000 $0Expenses $0 $0 $50,000Income Tax $15,000 $3,500 $0Net cashflow $50,000 $31,500 $-50,000Combined surplus $31,500

Assets and liabilities Valerie David JointPersonal assets $10,000 $257,000 $100,000Personal liabilities $16,000 $0 $0Investments $773,582 $181,359 $0Net worth $767,582 $438,359 $100,000Combined net worth $1,305,941

Risk protection cover Valerie DavidLife $407,500 $50,000TPD $71,500 $50,000Trauma $0 $0Income Protection (pa) $33,600 pa $24,000 pa

10 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Your risk profile

An important part of developing your investment strategy involves determining your attitude to risk and the level you are prepared to accept to achieve investment returns. Risk and return are closely related in investment. In general, the higher the degree of risk associated with an investment, the higher the rate of return an investor would expect to receive for taking on that level of risk. This is the risk/return trade-off, and is part of the process in selecting an appropriate asset allocation and specific investments for your portfolio. We have outlined your agreed risk profile and attitude towards risk below. This helps us recommend an asset allocation and investments that will be appropriate for tolerance to risk and meet your investment objectives. Please tell us immediately if you feel that this does not accurately describe your attitude to risk and investment. Risk ProfileValerie BalancedDavid Conservative

Balanced Investor: You are a Balanced investor, with sufficient income to invest funds for capital growth and prepared to accept higher volatility. Your primary concern is to accumulate assets over the medium to long-term. You require a balanced portfolio, but more aggressive investments may be considered and will have a minimum investment term of five years. Generally, an investment having a high security would be expected to have very low growth potential, and an investment having very high growth potential would have very low security of capital. Defensive allocation 40% Growth allocation 60%. Indicative return range over 3 years -0.9% – 13.4%, with a 2.5% chance of a negative 12 month return over a rolling 10-year period.Asset Name Weight (%)Alternative – Conservative 5%Alternative – Growth 11%Domestic Cash 5%Domestic Equity 19%Domestic Fixed Interest 15%Domestic Property 3%International Equity 19%International Fixed Interest 15%International Property 8%

11 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Conservative Investor: You are a Conservative investor looking for some capital growth and income over the medium to long term. You require an investment strategy which will cope with the erosion that tax and inflation can cause. Calculated risks would be acceptable to you in order to achieve good returns. Generally, an investment having a high security would be expected to have very low growth potential, and an investment having very high growth potential would have very low security of capital. Defensive allocation 60% Growth allocation 40%. Indicative return range over 3 years 1.2% – 11.2%, with a 0.8% chance of a negative 12 month return over a rolling 10-year period.Asset Name Weight (%)Alternative – Conservative 7%Alternative – Growth 5%Domestic Cash 10%Domestic Equity 13%Domestic Fixed Interest 22%Domestic Property 3%International Equity 14%International Fixed Interest 21%International Property 5%

As the various asset classes in your portfolio will grow at different rates and your attitude to risk may change over time, we recommend that we review your portfolio at least annually to ensure the actual asset allocation remains appropriate for your risk profile, goals, and objectives, going forward. This may require a re-assessment of your risk profile as your personal circumstances change and a re-balance of the portfolio. 12 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Strategy recommendations When preparing our recommendations, we considered your current situation and the goals, needs and objectives that you want to achieve. 13 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Strategy recommendations When preparing our recommendations, we considered your current situation and the goals, needs and objectives that you want to achieve. Valerie, retain your existing superannuation fund

This will help you achieveReview Superannuation You both would like to review your existing superannuation to determine if the platform is competitive with other platforms and to ensure that you are invested in line with your risk profile. Assess your insurance needs You would like an assessment of your insurance needs to ensure you have the right insurance cover in place to protect yourself and your family in the event of any unforeseen circumstances.Advice to help you achieve thisValerie, you hold a VEST Super with a balance of $253,174. You hold Life cover of $407,500, TPD cover of $71,500 and Income Protection of $2,800 per month (60 day wait, benefit to age 60) within your VEST Super. It is important to review your superannuation fund regularly to ensure that it continues to meet your goals. Following a review of your superannuation, we recommend you: • Retain your existing VEST Super and attached insurances. • Rebalance the investments to be in line with your Balanced risk profile.

Benefits• Your existing super fund continues to meet your retirement objectives. • Your existing super fund is cost-effective and has all the features that you require. • Your portfolio will be aligned to your investment risk profile. • You will be able to maintain your insurance which is cost-effective and appropriate for your needs. • Overall fees will reduce by $178 in the first year. A full analysis of replacement costs and a comparison of fund costs is provided later in this document.

14 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Things you should know• There will be transactions costs in selling down and purchasing investments. • The portfolio will have a high allocation to defensive assets such as cash and fixed interest, which means there will be less opportunity for capital growth and higher returns over the long term. • If you do not implement these recommendations, you run the risk of having your portfolio not aligned to your risk profile that may impact your wealth creation strategy. • Whilst extensive research has been conducted; there is no guarantee that the new investments will outperform the old ones. • Regular review of your super fund should be made to ensure it continues to meet your needs.

Alternative StrategiesTransferring the majority of your funds to another superannuation provider, leaving a small balance in VEST to keep insurances active. The investment options, services and features in place, and available to you, within your VEST Super are appropriate for your current needs. The ongoing account fees in your existing funds appropriately reflect the investment options, services and features that are currently in place

Implementation • Read the product disclosure statements (PDS). • Complete the switch form.More Information • Please read the ‘Superannuation’ strategy flyer attached for other important information. • Details of how we calculated the recommended levels of insurance are shown in the ‘Your insurance needs’ section. • Please read the ‘Personal risk insurance’ strategy flyer attached for other important information.

15 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd David, personal insurance review

This will help you achieveAssess your insurance needs You would like an assessment of your insurance needs to ensure you have the right insurance cover in place to protect yourself and your family in the event of any unforeseen circumstances.

Advice to help you achieve thisDavid, you hold Life & TPD cover of $50,000 and Income Protection of $2,000 per month (60 day wait, 2-year benefit period) within your Nationfirst Super. As your circumstances change, reviewing your insurance cover is paramount, as the right level of premium will be paid to reflect the level of cover required. Following a review of your personal insurances, we recommend you: • Apply to BKJ for the following insurances: o Life insurance benefit – $150,000; ➢ Policy owner – superannuation; and ➢ The premiums for this risk protection insurance will be sourced via rollover from your FTP Super. o TPD insurance benefit – $150,000 with a definition of any occupation and TPD buy-back; ➢ Policy owner – superannuation; and ➢ The premiums for this risk protection insurance will be sourced via rollover from your FTP Super. o Trauma insurance benefit – $100,000; ➢ Policy owner – David; ➢ The premiums for this risk protection insurance will be sourced from cash flow. o Income protection insurance benefit – $2,146 per month, with a 90-day waiting period and benefit period to age 65; ➢ Policy owner – superannuation; and ➢ The premiums for this risk protection insurance will be sourced via rollover from your FTP Super. • Apply for the BKJ Vitality membership. • Cancel your existing Life, TPD and Income Protection cover held within your Nationfirst Super once your new policies are in place.

16 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Benefits• Life insurance helps to protect you and your family by providing money in the event of death. • TPD insurance helps to protect you and your family by providing money if an unexpected total or partial disability prevents you from working. • Trauma insurance helps to protect you and your family by providing money if you are diagnosed with a specific illness or injury. You will receive a lump sum or instalment benefit if you suffer from a listed condition such as heart attack, cancer or stroke. • Income protection insurance replaces the income lost through your inability to work due to injury or sickness. In the event of illness or injury, you will have the ongoing income to help meet your financial commitments and medical costs. • We have recommended owning the Life and TPD insurance cover inside superannuation because your premiums can be paid tax-effectively using superannuation guarantee contributions (SGC) and it reduces the impact on your cash flow. • Paying premiums monthly will help you to smooth the impact on your cash flow. • Paying your insurance via annual rollover will give you a 15% discount on your premiums.

Things you should know• Under insurance law, the onus is on the insured to prove they did disclose relevant information at claim time for the first three years of the insurance policy. After three years, the onus moves to the insurance company to prove the insured did not disclose relevant information at the time of claim. • We have estimated the impact of certain health events on your financial position. The actual impact may be more than we have calculated and therefore you may be underinsured. Significant changes to your circumstances may also impact the appropriateness of the level of cover recommended. Please contact our office to arrange a review in the event of any significant changes to your lifestyle or needs. • Stepped premiums will increase each year in line with your age. • New life insurance policies generally have a 13-month suicide exclusion. • New trauma insurance policies generally have a 90-day waiting period on major medical events. • The recommended insurance premiums will reduce your cash flow available for other expenditure. • Paying the premiums through super will reduce your retirement savings. Please refer to our financial projections at the end of the advice document for further explanation. • Holding life and TPD insurance within superannuation may result in tax being paid on benefits. This will result in the net amount being less than the calculated need. We recommend that you seek specialist tax advice to confirm the possible outcomes. • Your insurance needs can change over time, so it is important to review your insurance cover regularly.

17 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Alternative StrategiesHold insurance outside of superannuation Paying the Income Protection premiums personally means the amounts can be deducted from taxable income. We have not recommended this as it will put pressure on your cashflow. Your income does not attract much tax and it therefore will not provide much of a tax benefit.Implementation • Read the product disclosure statements (PDS). • Complete the insurance application forms honestly. • Undertake underwriting assessment activities such as medical tests, as directed by the insurer. • Contact your insurer to advise them you wish to cancel your insurance cover.

More Information• Details of how we calculated the recommended levels of insurance are shown in the ‘Your insurance needs’ section. • Please read the ‘Personal risk insurance’ strategy flyer attached for other important information.

18 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd David, rollover your superannuation fund

This will help you achieveReview Superannuation You both would like to review your existing superannuation to determine if the platform is competitive with other platforms and to ensure that you are invested in line with your risk profile.

Advice to help you achieve thisDavid, you hold a Nationfirst Super with a balance of $81,359. By rolling over your superannuation, you will have access to features and benefits that align to, and help you meet, your goals. Following a review of your superannuation, we recommend you: • Establish a FTP Super account and rollover your Nationfirst Super into this new account (only once your new personal insurances are implemented). • Invest your superannuation funds in line with your Conservative risk profile. • Redirect your future Super Guarantee contributions to your new accounts. • Review your beneficiary nomination. FTP Super Proposed $81,359 Regular Contributions Super Guarantee Nationfirst Super Current $81,359 Proposed $0 Rollover $81,359Benefits• Overall fees will reduce by $132 in the first year. A full analysis of replacement costs and a comparison of fund costs is provided later in this document. • Your super account will be invested in line with your investment risk profile. • Making a binding nomination for an allowable dependant, or your estate, instructs the trustee of the fund to pay the proceeds according to your wishes. • As long as your nomination remains current, a non-lapsing nomination means that you do not need to update it every three years as it does not expire. • The proceeds of your retirement savings will be distributed according to your wishes on death. • The administration of your estate will be simplified.

19 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd • Careful planning can help to manage the tax implications of assets distributed. • Nominating beneficiaries reduces the potential for family disputes over the distribution of your assets. • Instructing the trustees of the fund can assist in more timely payment to your beneficiaries. • You can change your nominations at any time.

Things you should know• We cannot guarantee that the recommended super fund will provide you with greater returns than your existing fund. • There will be buy/sell costs payable on the rollover of funds. • The transfer balance cap for income streams means you can only transfer up to the cap at retirement. The remaining balance will need to stay in super. • The insurance cover in your existing Nationfirst Super will be lost on rollover to the recommended fund however we will be recommending putting in place cover with BKJ. It is important that you do not rollover your super benefits, until your new policies are in place. • You will need to update your nomination if your circumstances or preferences change. • You must nominate a dependant (as defined by superannuation law) or your legal personal representative for the nomination to be valid. • The taxable component of your super may be subject to tax if paid to a non dependant.

Alternative StrategiesRolling over to another provider FTP is cost-effective, offers a larger investment menu, with the potential to invest in direct shares and ETFs, which may be of inteVEST to you in future.

Implementation • Establish a new super account. • Complete rollover form to move your existing fund into the recommended fund.

More Information • Please read the ‘Superannuation’ strategy flyer attached for other important information.

20 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Investment portfolios

This will help you achieveEstablish an Investment portfolio Valerie, you inherited money from your deceased mother’s estate and would like to establish an investment portfolio to help create and build your wealth. David, you would like to establish an investment portfolio to help create and build your wealth.

Advice to help you achieve thisValerie, your inheritance funds of $489,000 in sitting in your bank account. David, you hold $100,000 in your savings account. Following a review of your options, we recommend you: Valerie • Establish a WEALTHAB Invest (Choice) and transfer available funds of $250,000 into this account. • Invest your funds in line with your Balanced risk profile. • Select to pay income distributions to the cash account. David • Establish a WEALTHAB Invest (Choice) and transfer available funds of $100,000 into this account. • Invest your funds in line with your Conservative risk profile. • Select to pay income distributions to the cash account. WEALTHAB Invest Proposed $250,000 Inheritance Funds Current $489,000 Proposed $239,000 Transfer/Invest $250,000 WEALTHAB Invest Proposed $100,000 Savings Account Current $100,000 Proposed $0 Transfer/Invest $100,000

21 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Benefits• Professional investment fund managers will assist in managing your investments. • Wrap platform accounts provide consolidated reporting and allow you to view and track your investments in one place. • The recommended investment portfolio is diversified across asset classes and market sectors according to your risk profile. • A blend of income and growth investments has been selected for your risk profile. • You can sell down your portfolio at any time. • Income from the investment portfolio can be paid to the platform cash account and accessed any time. • Wrap platform accounts give you access to lower wholesale investment fees not normally available to retail clients.

Things you should know• Income on the investment portfolio will be assessable for tax purposes. • Capital gains on the investment portfolio will be subject to tax on the sale of the underlying investment. Please seek tax advice before selling any portion of your portfolio. • There will be administration costs to manage the account. • Professional fund managers charge investment fees to manage your investments. • By making these lump sum investments, your funds are no longer capital guaranteed. • The investment portfolio will have high exposure to growth investments and be subject to greater market volatility. Market volatility means that your portfolio may rise and fall depending on prevailing market conditions. • The returns on the portfolio are not guaranteed. You may experience negative returns from time to time. Investing for the long term will assist in smoothing out volatility and negative returns.

Alternative StrategiesInvest by using an online share trading platform, instead of a wrap platform Using a share trading platform such as Ausie X and investing in a basket of ETFs, which would consist of various asset classes. This was not recommended as using a wrap platform allows the use of a much larger variety of investments (direct shares, ETFs, managed funds, SMAs) which are actively managed and provide more flexibility. One investment portfolio in joint names Although you are in a de facto relationship, you prefer to keep your finances separate.

Implementation • Read the product disclosure statements (PDS). • Complete the application forms.

More Information • Please read the ‘Investment’ strategy flyer attached for other important information.

22 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Valerie, review share portfolio

Advice to help you achieve thisValerie, you hold a share portfolio valued at $31,408. Following a review of your shareholdings, we recommend you: • Replace Whitefront Ltd (WHF) with Australian Fruitful Investment Co. Ltd (AFI).Benefits• The recommended stocks are considered appropriate investments, as outlined in our market research. • Making changes at each formal review allows you to take advantage of new market opportunities which may improve your returns and increase your wealth.

Things you should know• WHF is not rated as well as AFI and has not performed as well. WHF is mid sized and has limited liquidity, which may lead to it trading away from its net tangible assets. • There will be transactions costs in selling down and purchasing investments. • If you do not implement these recommendations, you run the risk of having underperforming investments that may impact your wealth creation strategy. • Capital gains tax may apply to the sale of your investments; however, we do not have enough information to calculate it. We recommend that you seek specialist tax advice to confirm your capital gains tax payments. • Taxable capital gains impact your tax payable and may impact your eligibility for tax offsets and concessions. • While extensive research has been conducted, there is no guarantee that the new investments will outperform the old ones. We will review the allocation at your agreed ongoing review to adjust investments as required.

Implementation • Complete the necessary sell and buy as per the investment transactions table in this advice document.

More Information • Please read the ‘Investment’ strategy flyer attached for other important information.

23 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Investment recommendations We use a dedicated research team and independent industry software to consider the suitability and appropriateness of products and strategies for your personal circumstances. Our research includes an analysis of a fund’s asset allocation, strength and resources of underlying investment managers. Any investments that are market linked may rise and fall in line with market movements. 24 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Investment product recommendationsValerie VEST Super

Overview VEST Super is a leading industry fund, all profits go back to members, not shareholders. Their low-cost superannuation products are designed to keep pace with your changing life.Advice• Valerie, we recommend the use of VEST Super to meet your superannuation needs. • Invest your superannuation funds in the Balanced option in line with your risk profile.Benefits• Competitive long-term returns. • Low fees • Diverse investment options. • Low-cost insurance. • Flexibility to view and update your account via the VEST app and Member Access.Things you should know• Cash and term deposit investments are generally stable; however, they do not provide any opportunity for long-term capital growth. The value of cash investments erodes over time due to the effect of inflation. • Investing provides the potential for long-term capital growth; however, it can also create volatility, which could result in losses. The performance of your investments is not guaranteed, and it is important to understand that your expectations for investment return may not be met. • The performance of your investments is not guaranteed, and it is important to understand that your expectations for investment return may not be met.

Alternative ProductsAn alternative, Nationfirst Super was considered and was discounted because it is approximately $742 pa more expensive than the recommended VEST Super with no significant or relevant features and benefits which are more favourable than recommended VEST Super. WEALTHAB Super and Macquarie Super Manager were also considered and are approximately $578 and 112 pa more expensive than the recommended VEST Super, with no significant or relevant features and benefits which are more favourable than recommended VEST Super.

25 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd David FTP Super

Overview FTP Super is a leading Industry SuperFund, offering low fees, award-winning insurance and strong investment returns to those from all walks of life.Advice• David, we recommend the use of FTP Super to meet your superannuation needs. • Invest your superannuation funds in the FTP Balanced option in line with your risk profile.Benefits• Run only to benefit members. • Low fees – no entry fee and no commissions to financial planners. • A variety of investment options. • Flexibility to view and update your account via Member Online.Things you should know• Cash and term deposit investments are generally stable; however, they do not provide any opportunity for long-term capital growth. The value of cash investments erodes over time due to the effect of inflation. • Investing provides the potential for long-term capital growth; however, it can also create volatility, which could result in losses. The performance of your investments is not guaranteed, and it is important to understand that your expectations for investment return may not be met. • The performance of your investments is not guaranteed, and it is important to understand that your expectations for investment return may not be met.Alternative ProductsYour existing product Nationfirst Super was considered but has been discounted as an option because it is approximately $132 pa more expensive and does not provide any significant or relevant features and benefits which are more favourable than recommended FTP Super. An alternative, Macquarie Super Manager II was considered and was discounted because it is approximately $313 pa more expensive than the recommended FTP Super with no significant or relevant features and benefits which are more favourable than recommended FTP Super. VEST Super was also considered and is approximately $283 pa less expensive than the recommended FTP Super however we have recommended FTP Super as the investment menu is much broader and provide the option of investing in direct shares and ETFS.

26 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Valerie and David WEALTHAB Invest

Overview WEALTHAB Invest is a next-generation portfolio administration service that helps you manage your investments simply and efficiently. WEALTHAB has a comprehensive portfolio solution that helps to tailor your investment strategy from a broad range of investment options.

Advice• Valerie & David, we recommend the use of WEALTHAB Invest to meet your wealth accuulation needs. • Invest your funds in line with your respective risk profiles.Benefits• Investment choices, depending on the investment menu selected, Core or Choice, are: o Managed portfolios (Core); o Managed funds (Choice); o Australian Securities Exchange (ASX) listed securities (including direct shares, exchange-traded funds (ETF’s), listed investment companies (LIC’s) and hybrid securities (Choice)); o Fixed interest securities including term deposits (Core and Choice); and o Cash (Core and Choice). • WEALTHAB Invest will provide the following: o Tax optimisation tools; o Consolidated portfolio and tax reporting; and o Online access to your account. • WEALTHAB Investor Hub provides secure online access to your account information and reporting. You can view your investments at any time and access a range of reports, including performance, valuation, tax and transaction reports. You can also access details of your account through the WEALTHAB mobile app. • WEALTHAB Advisor HUB provides us with secure online access to your account information and an efficient tool to communicate with WEALTHAB about your investments.

Things you should know• Cash and term deposit investments are generally stable; however, they do not provide any opportunity for long-term capital growth. The value of cash investments erodes over time due to the effect of inflation. • Investing provides the potential for long-term capital growth; however, it can also create volatility, which could result in losses. The performance of your investments is not guaranteed, and it is important to understand that your expectations for investment return may not be met. • 5 % of your account balance must be held in your cash account at all times. This may be a lower amount at the discretion of WEALTHAB. • When the balance of your cash account exceeds your nominated target, the excess cash will be invested in accordance with your investment instructions. The amount of excess cash must meet the trade minimum for the sweep to occur.

27 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd • Indemnification of sub-custodian – the securities in your account are held in the name of the sub-custodian. This means in circumstances where the sub custodian is to be indemnified for losses suffered on your assets; the sub custodian may be entitled to be indemnified out of the assets of your account. The sub-custodian also holds a lien over assets in your account, in respect of all sums payable and due to the sub-custodian. This may delay the return of your account assets.Alternative ProductsAn alternative, BT Panorama was considered and was discounted because it is approximately $79 (Valerie) and $344 (David) pa more expensive than the recommended WEALTHAB with no significant or relevant features and benefits which are more favourable than recommended WEALTHAB. Macquarie Manager II was also considered and is approximately $203 (Valerie) and $60 (David) pa more expensive than the recommended WEALTHAB with no significant or relevant features and benefits which are more favourable than recommended WEALTHAB.

28 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Recommended portfolio for Valerie The following table outlines our recommendations for your investment portfolio. Investments Current ($) Change ($) Proposed ($)Inheritance FundsCash at Bank 489,000 -250,000 239,000Sub Total $489,000 $-250,000 $239,000WEALTHAB Invest (Choice)AB Global Equities Fund 0 20,000 20,000AB Managed Volatility Equities Fund – MVE Class 0 25,000 25,000Allan Gray Australia Equity Fund – Class A 0 25,000 25,000Ardea Real Outcome Fund 0 15,000 15,000BlackRock Global Multi Asset Income Fund (Aust) (Class D Units) 0 15,000 15,000Cash Holding – WEALTHAB 0 7,500 7,500Magellan Infrastructure Fund 0 12,500 12,500Ophir Global High Conviction Fund 0 20,000 20,000PIMCO Income Fund – Wholesale Class 0 15,000 15,000Pendal Fixed Interest Fund 0 17,500 17,500Realm Short Term Income Fund – Ordinary Units 0 15,000 15,000Resolution Capital Global Property Securities Fund 0 7,500 7,500Schroder Real Return Fund – Wholesale Class 0 15,000 15,000VanEck MSCI International Quality ETF (QUAL) 0 20,000 20,000Vanguard MSCI Australian Small Companies Index ETF (VSO) (VSO) 0 12,500 12,500Zurich Investments – Australian Property Securities Fund 0 7,500 7,500Sub Total $0 $250,000 $250,000Share PortfolioBHP Group Limited (BHP) 9,164 0 9,164National Aust. Bank (NAB) 6,772 0 6,772Westpac Banking Corp (WBC) 6,498 0 6,498Whitefront Ltd (WHF) 8,975 -8,975 0Australian Fruitful Investment Co. Ltd (AFI) 0 8,975 8,975Sub Total $31,408 $0 $31,408VEST SuperCore Strategy (MySuper) 253,174 -253,174 0Balanced 0 253,174 253,174Sub Total $253,174 $0 $253,174

29 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Proposed asset allocation The following chart provides an illustration of your asset allocation after the recommended changes to your portfolio are implemented. Asset Class Current Weight Target WeightProposed Weight VarianceDefensive AssetsDomestic Cash 64.52% 5.00% 36.31% 31.31%International Cash 0.00% 0.00% 0.05% 0.05%Domestic Fixed Interest 5.24% 15.00% 14.05% -0.95%International Fixed Interest 0.00% 15.00% 4.35% -10.65%Alternative – Conservative 0.00% 5.00% 0.00% -5.00%Total Defensive 69.76% 40.00% 54.76% 14.76%Growth AssetsDomestic Equity 11.91% 19.00% 17.55% -1.45%International Equity 7.85% 19.00% 16.26% -2.74%Domestic Property 6.55% 3.00% 6.18% 3.18%International Property 0.00% 8.00% 0.92% -7.08%Alternative – Growth 3.93% 11.00% 4.32% -6.68%Total Growth 30.24% 60.00% 45.24% -14.76%

30 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Asset allocation commentary After the changes, your asset allocation will be: • Overweight in Domestic Cash due to keeping the remaining inheritance funds of $239,000 in your bank account. • Underweight in International Fixed Interest. • Overweight in overall defensive assets due to the higher cash holding. The increased defensive asset exposure within your portfolio will generally mean that your portfolio will be less affected by market volatility than it would have if you were invested in line with your targeted asset allocation, which is beneficial when the investment markets are performing poorly. However, if the investment market performs well, your portfolio is likely to experience a lower rate of growth than it would have, which may increase the time required to achieve your goals. 31 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Recommended portfolio for David The following table outlines our recommendations for your investment portfolio. Investments Current ($) Change ($) Proposed ($)Savings AccountCash at Bank 100,000 -100,000 0Sub Total $100,000 $-100,000 $0Nationfirst SuperMySuper 81,359 -81,359 0Sub Total $81,359 $-81,359 $0WEALTHAB Invest (Choice)Advance Moderate Multi-Blend Fund – Wholesale Units 0 32,000 32,000Cash Holding – WEALTHAB 0 2,000 2,000Perpetual Wholesale Conservative Growth Fund 0 34,000 34,000Russell Investment Conservative Fund Class C 0 32,000 32,000Sub Total $0 $100,000 $100,000FTP SuperBalanced 0 81,359 81,359Sub Total $0 $81,359 $81,359

32 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Proposed asset allocation The following chart provides an illustration of your asset allocation after the recommended changes to your portfolio are implemented. Asset Class Current Weight Target WeightProposed Weight VarianceDefensive AssetsDomestic Cash 57.83% 10.00% 22.12% 12.12%International Cash 0.00% 0.00% 0.25% 0.25%Domestic Fixed Interest 2.24% 22.00% 20.49% -1.51%International Fixed Interest 4.04% 21.00% 8.93% -12.07%Alternative – Conservative 0.00% 7.00% 0.00% -7.00%Total Defensive 64.11% 60.00% 51.80% -8.20%Growth AssetsDomestic Equity 14.80% 13.00% 14.48% 1.48%International Equity 10.32% 14.00% 17.40% 3.40%Domestic Property 8.97% 3.00% 11.17% 8.17%International Property 0.00% 5.00% 1.55% -3.45%Alternative – Growth 1.79% 5.00% 3.61% -1.39%Total Growth 35.89% 40.00% 48.20% 8.20%

Asset allocation commentary After the changes, your asset allocation will be: • Overweight in Domestic Cash and underweight in International Fixed Interest when compared to the target allocation for a Conservative risk profile however your overall growth vs defensive allocation is in line with your risk profile. • 33 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Replacement of product We have recommended replacing your existing product. The tables below show the costs of your current products and what costs will apply in our recommended products, based on our research.

Comparison costs for Valerie Plan Costs Existing Share PortfolioProposed Share PortfolioAccount Balance $31,408 $31,408Investment Fees and Costs $0 0.00%$13 0.04%Net Ongoing Costs (per annum)$0 0.00%$13 0.04%Difference in ongoing costs (Additional $13)

Transaction costs The following table shows the transaction costs that may apply to replace your existing products with the recommended products. Plan Costs Existing Share PortfolioProposed Share PortfolioExit / Withdrawal Fees $0 $0Other Transaction Costs* $0 $0Buy / Sell Spread* $0 $0

34 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Plan Costs Existing Bank AccountProposed Bank AccountProposed WEALTHAB Invest (Choice)Account Balance $489,000 $239,000 $250,000Administration Fees $0 0.00%$0 0.00%$699 0.28%Expense Recovery Fee $0 0.00%$0 0.00%$25 0.01%Investment Fees and Costs$0 0.00%$0 0.00%$1,946 0.78%Membership Fee $0 0.00%$0 0.00%$180 0.07%Performance Fees $0 0.00%$0 0.00%$310 0.12%Net Ongoing Costs (per annum)$0 0.00%$0 0.00%$3,160 1.26%Difference in ongoing costs (Additional $3,160)

Transaction costs The following table shows the transaction costs that may apply to replace your existing products with the recommended products. Plan Costs Existing Bank AccountProposed Bank AccountProposed WEALTHAB Invest (Choice)Exit / Withdrawal Fees $0 $0 $0Other Transaction Costs* $0 $0 $0Buy / Sell Spread* $0 $0 $330Brokerage Fee $0 $0 $44

35 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Plan Costs Existing VEST SuperProposed VEST SuperAccount Balance $253,174 $253,174Administration Fees $300 0.12%$300 0.12%Investment Fees and Costs $1,468 0.58%$1,290 0.51%Membership Fee $78 0.03%$78 0.03%Performance Fees $76 0.03%$76 0.03%Insurance Premium $1,563 0.62%$1,563 0.62%Net Ongoing Costs (per annum)$1,922 0.76%$1,744 0.69%Difference in ongoing costs (Less $178)

Transaction costs The following table shows the transaction costs that may apply to replace your existing products with the recommended products. Plan Costs Existing VEST SuperProposed VEST SuperExit / Withdrawal Fees $0 $0Other Transaction Costs* $0 $0Buy / Sell Spread* $0 $203

* Please note that this figure consists of transaction costs incurred by your existing product, as well as your recommended product. For simplicity we have combined the two as a single proposed cost to replace your existing product. 36 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Comparison benefits and features for Valerie Every product has different features and benefits. The table below outlines some of the differences between your existing fund(s) and the proposed fund(s). Please let us know if the loss of any of these causes you concern. Features and Benefits Existing Bank AccountProposed WEALTHAB Invest (Choice)Number of investment options 1 1250Free Investment switches ✓ ✓ UnlimitedAdministration to direct shares  ✓Online switching  ✓Auto rebalancing  ✓Inspecie transfer of assets  ✓Binding Nominations  Annual Report  ✓Half annual statements  ✓Online account access  ✓Regular newsletters  ✓Invitations to seminars  Administration fee aggregation  Family accounts discount  ✓Employer contributions  Bpay contributions  ✓Payroll contributions  Spouse contributions  Contribution splitting  

37 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Comparison costs for David Plan Costs Existing Bank AccountExisting Nationfirst SuperProposed WEALTHAB Invest (Choice)Proposed FTP SuperAccount Balance $100,000 $81,359 $100,000 $81,359Administration Fees $0 0.00%$89 0.11%$350 0.35%$81 0.10%Expense Recovery Fee $0 0.00%$0 0.00%$10 0.01%$0 0.00%Investment Fees and Costs$0 0.00%$553 0.68%$875 0.87%$407 0.50%Membership Fee $0 0.00%$91 0.11%$180 0.18%$65 0.08%Performance Fees $0 0.00%$0 0.00%$3 0.00%$49 0.06%Insurance Premium $0 0.00%$615 0.76%$0 0.00%$0 0.00%Net Ongoing Costs (per annum)$0 0.00%$734 0.90%$1,418 1.42%$602 0.74%Difference in ongoing costs (Additional $1,286)

Transaction costs The following table shows the transaction costs that may apply to replace your existing products with the recommended products. Plan Costs Existing Bank AccountExisting Nationfirst SuperProposed WEALTHAB Invest (Choice)Proposed FTP SuperExit / Withdrawal Fees $0 $250 $0 $0Other Transaction Costs* $0 $0 $0 $0Buy / Sell Spread* $0 $0 $178 $0

* Please note that this figure consists of transaction costs incurred by your existing product, as well as your recommended product. For simplicity we have combined the two as a single proposed cost to replace your existing product. 38 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Comparison benefits and features for David Every product has different features and benefits. The table below outlines some of the differences between your existing fund(s) and the proposed fund(s). Please let us know if the loss of any of these causes you concern. Features and Benefits Existing Bank AccountExisting Nationfirst SuperProposed WEALTHAB Invest (Choice)Proposed FTP SuperNumber of investment options 1 10 1250 13Free Investment switches✓ ✓ One per year✓ Unlimited✓ Unlimited, except for Self Managed Investment option, where there is one free switch per yearAdministration to direct shares   ✓ ✓Online switching  ✓ ✓ ✓Auto rebalancing   ✓ Inspecie transfer of assets  ✓ ✓Binding Nominations  ✓  ✓Annual Report  ✓ ✓ ✓Half annual statements   ✓ ✓Online account access  ✓ ✓ ✓Regular newsletters   ✓ ✓Invitations to seminars  ✓  ✓Administration fee aggregation    Family accounts discount   ✓ Employer contributions  ✓  ✓Bpay contributions  ✓ ✓ ✓Payroll contributions  ✓  ✓Spouse contributions  ✓  ✓Contribution splitting  ✓  ✓

39 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Extended comparison information Replacing Nationfirst Super with FTP Super will result in the following benefits lost:•You will have access to less Multi-manager investment options. That is, investments that diversify over not only just asset classes but also fund managers (1 fewer Multi-Manager options)Replacing Nationfirst Super with FTP Super will result in the following benefits gained:•You will gain access to more investment options (3 more investment options)• You will gain access to more Diversified investment options (1 more Diversified options)• You will gain access to additional specialised sector investment options. These are investments that generally only invest in one asset class (2 more Sector options)• You will gain the ability to invest in Direct Shares

40 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Insurance recommendations When choosing an insurance product to suit your needs, we use the latest industry research to evaluate the costs and features of various products. In preparing your advice our research focuses on the features and benefits that you indicated as being important to your situation. 41 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Your insurance needs Our insurance recommendations are based on the following analysis of your lifestyle and financial situation. The table illustrates the shortfalls and surpluses in your existing insurance cover.

Valerie Life TPD Trauma Income ProtectionCapital RequirementsFuture Expenditure 359,0221 0 0Future Education Expenses (PV) 50,0002 0 0Medical Costs / Recovery Income 0 250,0003 200,0004Final Expenses 20,000 0 0Total Capital Required $429,022 $300,000 $200,000 $48,750Capital ProvisionsDisposable Assets 251,0005 250,0006 200,000Total Capital Available 251,000 250,000 200,000Insurance NeedsTotal Cover Required $178,022 $50,000 $0 $48,750Existing Cover to be retained 407,500 71,500 0 $33,600Surplus / Shortfall $229,478 $21,500 $0 $-15,150Recommended Level of Cover $407,500 $71,500 $0 $33,600

Valerie, as you have been self-employed for less than 12 months, you will be unable to increase your existing Income Protection, nor will you be able to obtain new cover from an insurance provider. 1 Make provision for $35,000 p.a. to support your family until Suzie reaches age 22. 2 Provision for Suzie’s senior school fees in a private school (3yrs x $16,667) 3 Lumpsum required for lifestyle modifications (out of hospital costs), medical costs, nursing 4 Cost of medium-high care and out of hospital costs 5 Realise superannuation 6 Realise investment portfolio 42 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd David Life TPD Trauma Income ProtectionCapital RequirementsFuture Expenditure 205,1557 0 0Medical Costs / Recovery Income 0 250,0008 200,0009Final Expenses 20,000 0 0Total Capital Required $225,155 $250,000 $200,000 $25,752Capital ProvisionsDisposable Assets 80,00010 100,00011 100,000Total Capital Available 80,000 100,000 100,000Insurance NeedsTotal Cover Required $145,155 $150,000 $100,000 $25,752Existing Cover to be retained 0 0 0 0Surplus / Shortfall $-145,155 $-150,000 $-100,000 $-25,752Recommended Level of Cover $150,000 $150,000 $100,000 $25,752

7 Make provision for $20,000 p.a. to support your family until Suzie reaches age 22. 8 Lumpsum required for lifestyle modifications (out of hospital costs), medical costs, nursing 9 Cost of medium-high care and out of hospital costs 10 Realise superannuation 11 Realise investment portfolio 43 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Insurance product recommendationsValerie VEST SuperOverview VEST Super offers straightforward, quality, affordable insurance for members who’d like insurance as part of their super, whether you’re working full time, part time or as a casual.Advice• Valerie, we recommend you retain your existing insurances.Benefits We believe the following features will help you meet your needs: • Stepped premiums – the initial cost is lower compared to level premiums. The cost of stepped premiums will increase over time in line with your age. • Linked Life & TPD – assists in the reduction of cost in the total policy Please note, any claim payment received may offset the other cover types and therefore, the total cover reduces with rider policies. Additional TPD cover features: • Any occupation TPD definition – insures you in the event you cannot work in any occupation suited to your education, training and experience. Choosing this definition helps reduce the cost of your premiums but also limits your ability to claim. Additional income protection features: • Waiting period – our analysis shows your available leave and cash reserves are enough to cover an income protection waiting period of up to 60 days. • An indemnity policy is appropriate for you because your income is stable with no anticipated downward changes. The amount the insurer pays will be the lower of 75% of your income at the time of claim and the insured monthly benefit. • Benefit period – the maximum benefit period offered is 60 years.

44 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Things you should know• In the event of a claim under ‘any’ occupation, you will be assessed on your ability to work in any occupation that you are reasonably suited to by education, training and experience. This means the insurer may not make a full or partial TPD payment if a suitable post-disability employment position is available. • If a TPD benefit is paid from a super owned policy, the super fund trustee will decide whether to release the benefit. This means you may not be able to access the benefits until you meet a condition of release such as retirement. • Your premiums will be paid from your super balance, and unless you make contributions to offset this, your retirement savings will be eroded. Super policies also do not offer as many features and benefits as those outside super, due to the restrictive trust law that must be adhered.Alternative ProductsWe did not compare alternative products as the existing Life & TPD cover is cost effective and provides you the level of cover you require. As you have been self-employed for less than 12 months, you will be unable to obtain Income Protection vover from an insurance provider

45 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd David BKJ Priority Protection

Overview BKJ Australia provides insurance products to Australians looking for adaptable and comprehensive cover that can be tailored to meet your needs.

Advice• David, we recommend you apply to BKJ to meet your wealth protection needs.Benefits We believe the following features will help you meet your needs: • Stepped premiums – the initial cost is lower compared to level premiums. The cost of stepped premiums will increase over time in line with your age. • Rider TPD and Crisis Recovery Cover – assists in the reduction of cost in the total policy of life/TPD/crisis recovery. Please note, any claim payment received may offset the other cover types and therefore, the total cover reduces with rider policies. Additional TPD cover features: • Any occupation TPD definition – insures you in the event you cannot work in any occupation suited to your education, training and experience. Choosing this definition helps reduce the cost of your premiums but also limits your ability to claim. • TPD buyback – lets you re-purchase your life cover within 30 days after the 12-month anniversary from the date your claim was paid. Additional crisis recovery cover features: • Crisis recovery buyback – lets you re-purchase your life cover within 30 days after the 12-month anniversary from the date your claim was paid. • Crisis reinstatement – lets you re-purchase the amount of the crisis recovery sum insured that was reduced due to payment of a full crisis recovery claim. Must be exercised within 30 days after the 12-month anniversary from the date your claim was paid. Additional income protection features: • Waiting period – our analysis shows your available leave and cash reserves are enough to cover an income protection waiting period of up to 90 days. • An indemnity policy is appropriate for you because your income is stable with no anticipated downward changes. The amount the insurer pays will be the lower of 75% of your income at the time of claim and the insured monthly benefit. • Benefit period – your current employment means the maximum benefit period offered is 65 years. • Claim escalation – increases your benefit payment by CPI each year.

46 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd • Retirement optimiser – allows you to continue your super contributions while you are receiving income protection benefit payments, allowing you to continue your savings while on the claim.

Things you should know• You will pay an additional cost to include the following features: o Claim escalation o Retirement Optimiser • In the event of a claim under ‘any’ occupation, you will be assessed on your ability to work in any occupation that you are reasonably suited to by education, training and experience. This means the insurer may not make a full or partial TPD payment if a suitable post-disability employment position is available. • If a TPD benefit is paid from a super owned policy, the super fund trustee will decide whether to release the benefit. This means you may not be able to access the benefits until you meet a condition of release such as retirement. • Under a Flexible Linking Plus arrangement, any benefit amount paid under one policy will reduce the amount insured under the linked policy by the same amount. If the recommended cover is held partially through superannuation, and no contributions are made to offset the premiums, your retirement savings could be impacted. • We have recommended insurance inside super to reduce the impact on your cash flow. This means that your premiums will be paid from your super balance, and unless you make contributions to offset this, your retirement savings will be eroded. Super policies also do not offer as many features and benefits as those outside super, due to the restrictive trust law that must be adhered.

Alternative ProductsIncreasing your cover with your existing product Nationfirst Super was considered but has been discounted as an option because the insurance is inferior, more expensive and Nationfirst do not offer Income Protection cover with a benefit period to age 65. An alternative, FTP Super was considered. This would involve obtaining Life, TPD and Income Protection via FTP Super and obtaining Trauma Cover as a stand-alone benefit via BKJ. This was discounted as the premium is approximately $1,646 pa more expensive than the recommended BKJ and the ratings via BKJ are much more superior. TAL, BT and OnePath were also considered and is approximately $341, $372 and $504 pa more expensive than the recommended BKJ with no significant or relevant features and benefits which are more favourable than recommended BKJ.

47 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Recommended insurance cover for Valerie Retain VEST SuperCover Type LifePolicy Owner Valerie XXBenefit Amount $407,500Premium Type SteppedSuper YesCover Type TPDPolicy Owner Valerie XXBenefit Amount $71,500Definition AnyPremium Type SteppedSuper YesCover Type Income ProtectionPolicy Owner Valerie XXBenefit Amount $2,800Definition IndemnityWaiting Period 60 daysBenefit Period to Age 60Premium Type SteppedSuper Yes

Super Prem: $1,562.94 Yearly 48 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Recommended insurance cover for David Purchase BKJ Australia Priority Protection w/ VitalityCover Type Income ProtectionPolicy Owner David YYMonthly Benefit Amount $2,146Definition IndemnityWaiting Period 90 daysBenefit Period To Age 65Premium Type SteppedSuper YesCover Type LifePolicy Owner David YYBenefit Amount $150,000Premium Type SteppedSuper YesCover Type TPDPolicy Owner David YYBenefit Amount $150,000Stand Alone / Linked Linked to LifeDefinition AnyPremium Type SteppedSuper YesCover Type TraumaPolicy Owner David YYBenefit Amount $100,000Stand Alone / Linked Linked to LifePremium Type SteppedSuper No

*Indicative cost after 15% rebate from platform **Includes Vitality membership contribution of $11.50 per month. Insurance cover to be replaced: Replace Nationfirst SuperCover Type LifePolicy Owner David YYBenefit Amount $50,000Premium Type SteppedSuper YesCover Type TPDPolicy Owner David YYBenefit Amount $50,000Definition AnyPremium Type SteppedSuper YesSuper Prem: $615.00 /year

Super Prem: $1,632.93* Non-Super Prem: $123.46 Monthly** 49 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Cover Type Income ProtectionPolicy Owner David YYBenefit Amount $2,000Definition IndemnityWaiting Period 60 daysBenefit Period 2 yearsPremium Type SteppedSuper Yes

Further information The recommended insurance cover may have exclusions applied, be loaded (higher premiums) or be declined depending on the outcome of underwriting. A death benefit will not be paid in the first 13 months of your life policy in the event of death by suicide. Your policy has a cooling off period which allows you to cancel your cover and receive a refund of premiums paid. Please refer to the PDS for details. You should maintain your existing cover until the new policy is established to ensure you have continuous cover. Once your new policy is in place the old policy can be cancelled. A policy that has been in force for three years or longer has a greater level of protection against avoidance by an insurer. Cancelling your existing cover to take out new cover will restart this three year period. Your duty of disclosure Before you apply for, extend, renew, vary or reinstate your insurance, it is important that you understand your Duty of Disclosure. This Duty requires you to answer all questions honestly and to disclose anything you know about your health, any health problems you may have even if they are being investigated, your lifestyle activities or your work that may increase the likelihood of a claim. If you do not answer all underwriting questions truthfully or fail to disclose problems with your health, then in the event of a claim your insurance cover may be voided and you will not receive any insurance benefit, as though you never held the insurance cover at all. This is especially important if you are looking to cancel an existing insurance policy to purchase a new one because you may be covered under the existing policy for health issues that you developed after you bought that policy and if you do not disclose these issues to the new insurer, they may have the right to void your new policy and you could be left with no cover at all despite having paid premiums. In summary: • You have a duty under law to disclose to the insurance provider anything that may be relevant to their decision to accept your insurance application. • You must provide all the information requested by the insurance provider. Your duty could also extend beyond the questions in the insurance application form. • Even if you have completed the application form you should still disclose any relevant changes in your circumstances that occur before the insurance policy is issued. • If you do not comply with your duty of disclosure your insurance may be avoided, varied or future claims from the insurance provider could be affected or denied. 50 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd If in doubt about whether or not something needs to be disclosed the best practice is to disclose it. Please refer to the PDS, or speak with your adviser, if you have any questions about your Duty of Disclosure. 51 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Insurance replacement of product We have recommended replacing your existing insurance. The table below compares your existing insurance with our recommended cover.

Product replacement recommendations In light of the costs and benefits analysis above, my recommendation is to replace your current insurance product. Our research considered a range of insurance products available to suit your needs, however BKJ was deemed appropriate because the insurance inside Nationfirst Super does not provide Income Protection cover with 90-day wait and benefit period to age 65. In addition, the insurance offered by Nationfirst is inferior in regard to quality and definitions than BKJ and Trauma cover is not available. Comparison for David Existing Nationfirst SuperProposed Priority Protection w/ VitalityUnderwriter Nationfirst Super BKJ AustraliaLife Insured David YY David YYPolicy Owner David YY David YYBenefit AmountsLife Insurance $50,000 $150,000TPD Insurance $50,000 $150,000Trauma Insurance – $100,000Income Protection $2,000 pm $2,000 pmPremium CostsPremium Type Stepped SteppedPremium Amount $615.00 $3,114.45Total Premium $615.00 pa $3,114.45 paLife BenefitsFuture Insurability Yes YesTerminal Illness Yes YesTPD BenefitsDefinition Any AnyBuy-Back No YesTrauma BenefitsReinstatement – YesBuy-Back – YesIncome Protection BenefitsDefinition Indemnity IndemnityWaiting Period 60 days 90 daysBenefit Period 2 years to Age 65Claims Indexation No Yes

52 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Like for like comparison for David The following table highlights the effect of applying for the same levels of recommended cover within your existing insurance products. Current with Recommended Cover Nationfirst SuperRecommended Priority Protection w/ VitalityUnderwriter MetLife BKJ AustraliaLife Insured David YY David YYPolicy Owner David YY David YYBenefit AmountsLife Insurance $150,000 $150,000TPD Insurance $150,000 $150,000TPD Definition Any AnyPremium CostsPremium Type Stepped SteppedTotal Premium $882.72 pa $775.82 pa

Income Protection has not been included in the above table and a waiting period of 90 days and a benefit period to age 65 is available. Important note: • My insurance recommendation is based on the information and external research available to me and on any indicative quotes I was able to obtain. A quote is neither an offer of insurance nor a guarantee that cover will be provided. The decision to offer cover, on what terms and at what price, is ultimately made by the Insurer based on their assessment of your application. The insurer may apply loadings, exclusions or exclusions that could increase the cost of the insurance from what is stated in this document or vary the terms on which it might be provided. 53 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Our ongoing review service

We believe it is important for your financial situation to be reviewed on a regular basis to ensure that our advice continues to meet your objectives. Your statement of advice requires regular review in order to ensure that it continues to meet your needs. Any changes to the circumstances listed below may have a significant impact on the suitability of the Advice and recommended portfolio. • your changing needs and objectives; • the economic environment; • investment sector performance; • your taxation position; • social security issues; • investments available; • taxation position of investments; • fund manager and investment performance; • your income and debt levels; and • your family situation and health. Recommended Service An Ongoing Advice Service Arrangement letter will be forwarded to you in due course should you decide to proceed with the Ongoing Advice Service. 54 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Cost of our advice

The tables below show what we will receive in relation to our advice and the fees, charges or commissions (including GST) payable by you. Initial advice The following fees cover our services for the collection of your information, analysis of your situation and the preparation and presentation of advice contained in this Statement of Advice. Description Total payable by you Fee receivedAmount received byXYZ Licensee PracticeValerie and David – Plan preparation feeDeducted from Investment Balance, Before Implementation of Strategy1,850 Flat fee 185 1,665Totals $1,850 $185 $1,665

Ongoing advice Once the recommendations are implemented, the following shows the costs for our ongoing service to you as detailed in the previous section or your ongoing service agreement. Any costs based on a percentage may vary over time and, as such, the dollar amounts shown below should only be used as a guide. Description Total payable by you Fee receivedAmount received byXYZ Licensee PracticeValerie and David – Ongoing Service FeeDeducted from Investment Balance, Monthly 2,750 p.a. Flat Fee 275 2,475Totals $2,750 p.a. $275 p.a. $2,475 p.a.

Please note the following: • ABC Financial Planning Pty Ltd and our licensee XYZ Licensee Pty Ltd will continue to receive any advice fees payable to us for as long as you are ongoing clients, opted in and have not previously terminated that arrangement. • Ongoing advice fee is the fee charged by ABC Financial Planning Pty Ltd for the provision of ongoing advice services relating to our strategies and recommendations. 55 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Product costs

Various costs are also payable to product and service providers to cover expenses associated with buying and administering the product. These costs are shown in the tables below. Any costs based on a percentage may vary over time and, as such, the dollar amounts shown below should only be used as a guide. We have provided an overview of the key product costs associated with our advice. It is important that you read the relevant Product Disclosure Statement to understand the full list of costs, how these costs are calculated and any special rules that apply. Description Amount (%) Amount ($)Valerie – Share PortfolioInvestment Fees and Costs 0.04% 13Australian Fruitful Investment Co. Ltd 0.14% 13Total $13Valerie – VEST SuperAdministration fee 0.12% 300Investment Fees and Costs 0.51% 1,290Balanced 0.51% 1,291Membership fee 0.03% 78Performance Fees 0.03% 76Buy / Sell Spread 0.08% 203Total $1,947Valerie – WEALTHAB Invest (Choice)Administration fee 0.28% 699Expense recovery fee 0.01% 25Investment Fees and Costs 0.78% 1,946AB Global Equities Fund 0.85% 170AB Managed Volatility Equities Fund – MVE Class 0.55% 138Allan Gray Australia Equity Fund – Class A 0.77% 193Ardea Real Outcome Fund 0.50% 75BlackRock Global Multi Asset Income Fund (Aust) (Class D Units) 1.01% 152Cash Holding – WEALTHAB 1.75% 131Magellan Infrastructure Fund 1.06% 133Ophir Global High Conviction Fund 1.48% 296PIMCO Income Fund – Wholesale Class 0.96% 144Pendal Fixed Interest Fund 0.50% 88

56 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Realm Short Term Income Fund – Ordinary Units 0.44% 66Resolution Capital Global Property Securities Fund 0.80% 60Schroder Real Return Fund – Wholesale Class 0.85% 128Vaneck Wld Xau Qual – VanEck MSCI International Quality ETF (QUAL) 0.40% 80Vanguard MSCI Australian Small Companies Index ETF (VSO) (VSO) 0.30% 38Zurich Investments – Australian Property Securities Fund 0.81% 61Membership fee 0.07% 180Performance Fees 0.12% 310Brokerage fee 0.02% 44Buy / Sell Spread 0.13% 330Total $3,534David – WEALTHAB Invest (Choice)Administration fee 0.35% 350Expense recovery fee 0.01% 10Investment Fees and Costs 0.88% 875Advance Moderate Multi-Blend Fund – Wholesale Units 0.64% 205Perpetual Wholesale Conservative Growth Fund 1.11% 376Russell Investment Conservative Fund Class C 0.92% 294Membership fee 0.18% 180Performance Fees 0.00% 3Buy / Sell Spread 0.18% 178Total $1,596David – FTP SuperAdministration fee 0.1% 81Investment Fees and Costs 0.50% 407Balanced 0.50% 407Membership fee 0.08% 65Performance Fees 0.06% 49Total $602Total $7,691

57 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Please note the following: • The Administration Fees are the total fees charged by the service provider for the management and administration of your investments. These fees are calculated are based on the current value of your investment holdings and will vary as the value of your investments change. These fees are deducted from the cash balance in your account on a monthly basis and retained by the platform. • The Investment Fees and Costs measures the total indirect costs of managing an investment fund. It is an estimated cost which is subject to change, and which varies for different investments. The figure shown in the table above is an aggregate of your Investment Fees and Costs which is intended to provide you with a standardised way to measure and compare costs. A full breakdown of the Investment Fees and Costs that applies to each of your investments is contained in your PDS. 58 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Cooling Off Rights The specific financial products we recommend as part of our advice, may be entitled to a 14-day cooling off period. If a 14-day cooling off period applies, it commences from the earliest of when you receive confirmation of your policy/investment or the end of the fifth day after the product was purchased by or issued to you. Cooling off periods apply to risk insurance products (general and life), investment life insurance products, unlisted managed fund products, superannuation products, and Retirement Savings accounts: ● Insurance – within this period, you can change your mind and request that your policy be cancelled and premium refunded. Your refund will be the amount of premium paid.● Investment – within this period, you can change your mind and request for your capital to be returned to you. You may, however, get back less or more than what you originally invested as a result of market movements.

You should refer to the Product Disclosure Statement for each of the recommended investments/policies in order to understand the operation of each provider’s cooling off period. If you invest through a platform, cooling off rights are unlikely to apply to you in respect to your investment in the platform or any product acquired through the platform. Please ensure you read the product disclosure statement(s) or other disclosure document(s) and research report(s) in relation to each of the recommended products before proceeding. If you have any questions regarding these documents, please let us know. Product Disclosure Statement(s) and Research Report(s) Please read the product disclosure statement(s) or other disclosure document(s) and research report(s) in relation to each of the recommended products before proceeding. It’s important that you fully understand how the recommended products will satisfy your needs before you implement my advice. If you have any questions about the products or the research reports, please talk to me before you commit to a course of action. Approved Product List I can generally only recommend financial products that are on the XYZ Licensee Pty Ltd Approved Product List, unless I obtain special approval, I will seek approval to recommend other products if I believe they are in your best interests. Time Out of the Market As my advice involves rolling over your existing funds, it may take a few weeks for these funds to be invested back into the market in the investments we have recommended. Consequently, you may miss out on any increases (or decreases) in the market during this time. Assumptions and Illustrations The projections contained within this advice are based on a number of critical assumptions that primarily relate to economic and investment conditions and legislation. Projections of future income and capital growth rates are based on market averages or the past performances of the underlying investment 59 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd managers, therefore cannot predict actual long-term outcomes. They are intended as a guide only and neither your adviser nor XYZ Licensee Pty Ltd guarantees the outcome of these projections. For the figures used in calculating the projections, please refer to the assumptions set out in the projection. The taxation estimates are intended as a guide only and are dependent on the continuation of current taxation treatment of deductible expenses, as well as current tax scales and Medicare Levy. While every effort has been made to take account of current and relevant tax and social security legislation, we advise you to discuss your annual tax liability and the tax and social security implications of this with your accountant or a qualified tax adviser. In relation to any social security entitlements, we recommend you make an appointment with a representative of Centrelink at your nearest Centrelink office for an assessment of your actual entitlements. Limitation of Liability In the event that any advice or other services rendered by XYZ Licensee Pty Ltd constitute a supply of services to a consumer to which the Competition and Consumers Act 2010 (as amended) or the Australian Securities and Investments Commission Act 2001 applies, then the liability of XYZ Licensee Pty Ltd for any breach of any conditions or warranties implied under the Act shall not be excluded but will be limited to the cost of having the advice or services supplied again. Subject to the above paragraph, nothing in any paragraph of this disclosure affects any rights or remedies to which you may be entitled under the Competition and Consumers Act 2010 (as amended) or under the Australian Securities and Investments Commission Act 2001 or under the Corporations Act 2001 (Cth) as a consequence of services being rendered by XYZ Licensee Pty Ltd. Each paragraph of this ‘Limitation of Liability’ section shall be deemed to be separate and severable from each other. If any paragraph is found to be illegal, prohibited or unenforceable, then this shall not invalidate any other paragraphs. Other attached documents you should read Please read the following Product Disclosure Statements (PDSs) and attached documents which provide more information on the products and advice that have been recommended to you in this Statement of Advice: • VEST Personal Super PDS dated 01 July 2021 • FTP Super PDS dated 01 April 2021 • WEALTHAB Invest PDS dated 26 October 2020 • VEST Super insurance Guide 1 July 2021 • BKJ Australia Priority Protection PDS and Policy Document dated 8 May 2021 • OZ Australia Insurance PDS and Policy Document dated 9 January 2021 A copy of the above documents can be provided by request. 60 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Next steps

Action Who is responsible ByReview our Financial Services Guide (FSG) and Adviser Profile Valerie and David As soon as possibleRead this Statement of Advice (SoA) Valerie and David As soon as possibleReview the additional materials such as PDS, Research Reports and Appendices Valerie and David As soon as possibleAsk any questions you may have Valerie and David As soon as possibleComplete and sign the Authority to Proceed Valerie and David Within 30 daysComplete the necessary documentation Valerie and David Once you are comfortable with our recommendations

61 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Authority to proceed

Upon receiving the advice dated 06 September 2021 and reading the strategy and recommendations contained within, we confirm and acknowledge that we: • have received and retained a copy of the XYZ Licensee FSG Version 20 dated 01 July 2021 and Adviser Profile Mr Adviser V4 dated 01 July 2021. • understand the advice was prepared by Mr Adviser acting on behalf of XYZ Licensee Pty Ltd. We acknowledge that XYZ Licensee Pty Ltd is only licensed to provide financial services in Australia and the services provided are governed exclusively by the laws of Australia. • understand that the contents of the advice are for our sole use. • confirm details of our personal circumstances, financial position and lifestyle and financial objectives are accurately summarised within the SOA. • understand if the information relating to our relevant circumstances contained in the SOA is, or becomes, incomplete or inaccurate, then the advice contained in the SOA may not be appropriate for us and that before acting on the advice, we need to consider the appropriateness of the advice, taking into account our objectives, financial situation and needs. • understand that by signing this Authority, we confirm that we freely, knowingly and purposefully consent to implementing the recommended strategy. • understand and agree with the risk profile assessment, and the recommended asset allocation of the portfolio. • understand the recommendations, benefits, costs and risks of the advice. We have sought and received clarification where we did not understand the recommendations made. • have had the opportunity to independently consider the recommendations made. • understand the strategy and recommendations made in the SOA rely on the continuation of current legislation and the recommendations may become inappropriate if laws change. • have been made fully aware of the need to fully disclose to the insurer/s all information relevant to our past lifestyle and health aspects. • will notify the insurer and our representative of any changes to our lifestyle and health up until the policy document/s are issued. • understand that if we do not disclose the requested information, the insurer/s may decline payment of any claim under the duty of disclosure requirements. • have been provided with and understand the information about remuneration and other benefits paid or payable as a result of obtaining the advice set out in the SOA or implementing the recommendations made in the SOA. • authorise XYZ Licensee Pty Ltd to collect our advice fees and pay these as outlined in the disclosure section of this SOA. • have received and retained the research pages provided and the applicable Product Disclosure Statements or other disclosure requirements. • understand that any projections illustrated in this advice and attachments are not guaranteed. • acknowledge personal information will be dealt with in accordance with XYZ Licensee Pty Ltd Privacy Policy. If requested, a copy has been provided. Consent is provided for information being dealt with in that way, and for passing of information to third parties engaged to prepare financial reports for us. • consent to receiving and responding to initial and ongoing documentation via electronic medium and have capacity to download and respond to such documentation. • consent to allow ABC Financial Planning Pty Ltd advisers and support staff to speak with or contact either member of a spouse/partner about personal investment holdings. 62 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Ongoing Services Please refer to your separate Ongoing Services Agreement for further details. Accordingly, we have decided (by ticking the box below):  To implement the strategy and recommendations proposed in the SOA dated 06 September 2021. To implement the strategy and recommendations with the following variations. ______________________________________________________________________________________________________ ______________________________________________________________________________________________________ ______________________________________________________________________________________________________We acknowledge that, if the variations have not already been agreed with our adviser, our adviser cannot confirm that implementation of the recommendations (as we have varied them) are appropriate in light of our objectives, financial situation or needs without further analysis and advice, and neither our adviser, nor XYZ Licensee Pty Ltd are responsible for the consequences of implementing the varied recommendations, if we do not seek further advice. Not to proceed

Valerie XX / /Client Name Signature Date

David YY / /Client Name Signature Date

Mr Adviser / /Authorised Representative of XYZ Licensee Pty LtdSignature Date

63 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Supporting Calculations

The following modelling and projections illustrate the benefits and effects of our recommendations based on your current situation. 64 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Consolidated Cashflow Displaying: 10 years from the start of the projection Date 1-Jul-21 1-Jul-22 1-Jul-23 1-Jul-24 1-Jul-25 1-Jul-26 1-Jul-27 1-Jul-28 1-Jul-29 1-Jul-30Age – Valerie 52.8 53.8 54.8 55.8 56.8 57.8 58.8 59.8 60.8 61.8Age – David 56.9 57.9 58.9 59.9 60.9 61.9 62.9 63.9 64.9 65.9IncomeContract Income – Valerie 65,000 66,170 67,361 68,574 69,808 71,064 72,344 73,646 74,971 76,321Salary – David 35,000 35,630 36,271 36,924 37,589 38,265 38,954 39,655 40,369 41,096Dividends 1,333 1,386 1,442 1,500 1,560 1,622 1,687 1,754 1,825 1,898Total Inflow 101,333 103,186 105,074 106,997 108,956 110,952 112,985 115,056 117,165 119,314ExpenditureLiving Expenses 50,000 50,900 51,816 52,749 53,698 54,665 55,649 56,651 57,670 58,708BKJ Trauma Premiums – David 1,482 1,509 1,536 1,563 1,592 1,620 1,649 1,679 1,709 1,740TaxationValerie 15,488 17,197 17,837 17,506 18,128 18,764 19,415 20,082 20,766 21,465David 3,325 3,896 4,154 4,417 4,688 4,964 5,246 5,556 5,937 6,325Total Outflow 70,295 73,502 75,344 76,236 78,106 80,013 81,960 83,967 86,082 88,239Total Inflow 101,333 103,186 105,074 106,997 108,956 110,952 112,985 115,056 117,165 119,314Total Outflow 70,295 73,502 75,344 76,236 78,106 80,013 81,960 83,967 86,082 88,239Net Cashflow 31,038 29,684 29,731 30,761 30,851 30,939 31,025 31,088 31,083 31,075Allocated to Cash at Bank -31,038 -29,684 -29,731 -30,761 -30,851 -30,939 -31,025 -31,088 -31,083 -31,075

65 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Superannuation (Valerie) Displaying: 10 years from the start of the projection Date 1-Jul-21 1-Jul-22 1-Jul-23 1-Jul-24 1-Jul-25 1-Jul-26 1-Jul-27 1-Jul-28 1-Jul-29 1-Jul-30Age – Valerie 52.8 53.8 54.8 55.8 56.8 57.8 58.8 59.8 60.8 61.8Age – David 56.9 57.9 58.9 59.9 60.9 61.9 62.9 63.9 64.9 65.9Investment Profile: BalancedGrowth: 2.12% pa (100% taxable)Income: 2.84% pa (18.7% Franked)Opening Value 253,174 263,010 273,256 283,929 295,048 306,632 318,701 331,276 344,380 358,034EarniFTP 12,557 13,045 13,553 14,083 14,634 15,209 15,808 16,431 17,081 17,758> Growth 5,367 5,576 5,793 6,019 6,255 6,501 6,756 7,023 7,301 7,590> Income 7,190 7,469 7,760 8,064 8,379 8,708 9,051 9,408 9,780 10,168> Franking Credits 577 600 623 647 673 699 727 755 785 816Insurance Premiums 1,563 1,591 1,620 1,649 1,679 1,709 1,740 1,771 1,803 1,835Tax Payable 1,159 1,208 1,261 1,315 1,372 1,431 1,493 1,557 1,624 1,695> Investment Income 13,135 13,645 14,176 14,730 15,307 15,908 16,534 17,187 17,866 18,575> less Deductions 1,563 1,591 1,620 1,649 1,679 1,709 1,740 1,771 1,803 1,835>Taxable Income 11,572 12,054 12,557 13,081 13,628 14,199 14,795 15,416 16,064 16,739> Gross Tax 1,736 1,808 1,883 1,962 2,044 2,130 2,219 2,312 2,410 2,511> less Franking Credits 577 600 623 647 673 699 727 755 785 816Closing Value 263,010 273,256 283,929 295,048 306,632 318,701 331,276 344,380 358,034 372,262Closing Value (PV) 258,359 263,678 269,132 274,727 280,465 286,350 292,386 298,576 304,926 311,438

66 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd Superannuation (David) Displaying: 10 years from the start of the projection Date 1-Jul-21 1-Jul-22 1-Jul-23 1-Jul-24 1-Jul-25 1-Jul-26 1-Jul-27 1-Jul-28 1-Jul-29 1-Jul-30Age – Valerie 52.8 53.8 54.8 55.8 56.8 57.8 58.8 59.8 60.8 61.8Age – David 56.9 57.9 58.9 59.9 60.9 61.9 62.9 63.9 64.9 65.9Investment Profile: ConservativeGrowth: 1.44% pa (100% taxable)Income: 2.65% pa (13.8% Franked)Opening Value 81,359 85,936 90,862 96,156 101,837 107,925 114,276 120,901 127,810 135,014Contributions after Tax and Fees 2,975 3,180 3,391 3,609 3,834 3,903 3,973 4,045 4,118 4,192> Employer Contributions 3,500 3,741 3,990 4,246 4,511 4,592 4,675 4,759 4,844 4,932> less Withheld Contribution Tax 525 561 598 637 677 689 701 714 727 740Earnings 3,388 3,580 3,786 4,007 4,244 4,494 4,755 5,028 5,312 5,608> Growth 1,193 1,260 1,333 1,411 1,494 1,582 1,674 1,770 1,870 1,974> Income 2,195 2,319 2,453 2,596 2,749 2,912 3,081 3,257 3,442 3,633> Franking Credits 129 137 145 153 162 172 182 192 203 214Insurance Premiums 1,633 1,662 1,692 1,723 1,754 1,785 1,817 1,850 1,884 1,917Tax Payable 153 171 191 212 236 260 286 313 342 371> Investment Income 3,518 3,717 3,930 4,160 4,406 4,666 4,937 5,220 5,515 5,822> Assessable Contributions 3,500 3,741 3,990 4,246 4,511 4,592 4,675 4,759 4,844 4,932> less Deductions 1,633 1,662 1,692 1,723 1,754 1,785 1,817 1,850 1,884 1,917>Taxable Income 5,385 5,795 6,228 6,683 7,163 7,472 7,794 8,128 8,475 8,836> Gross Tax 808 869 934 1,002 1,074 1,121 1,169 1,219 1,271 1,325> less Contribution Tax Withheld 525 561 598 637 677 689 701 714 727 740> less Franking Credits 129 137 145 153 162 172 182 192 203 214Closing Value 85,936 90,862 96,156 101,837 107,925 114,276 120,901 127,810 135,014 142,524Closing Value (PV) 84,417 87,677 91,145 94,823 98,715 102,676 106,707 110,811 114,987 119,237

PPu David – It is estimated that the insurance premiums will reduce your retirement saviFTP by $17,717 over the next 10 years. 67 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd CALM Chart Displaying: From start of the projection until life expectancy (Valerie age 88, David age 92 ) The above chart does not include non-financial assets such as your home, home contents and motor vehicles. Projections Start date: 1 July 2021 Assumptions: ➢ You both retire in July 2033 (Valerie age 65). ➢ Surplus cashflow is directed to cash at bank. ➢ Your superannuation funds are moved to pension mode at retirement. ➢ Income required in retirement $60,000 per annum, in today’s dollars, increasing with CPI (1.80% pa). ➢ Income needs in retirement are met via account-based pension payments, cash at bank drawdowns and investment portfolio drawdowns. My financial modelling shows that based on my assumptions, your estimated expenses and implementation of the above recommendations, your financial objectives are achievable beyond your life expectancy. Net assets at life expectancy $607,181 (PV) / $1,154,085 (FV). 68 | Confidential Statement of Advice Prepared for: Ms. V XX and Mr. D YY Prepared by: Mr Adviser of ABC Financial Planning Pty Ltd