Australian Securities and Investments Commission

Corporations Act 2001 — Paragraphs 951B(1)(a) and 1020F(1)(a) — Exemption

1. The Australian Securities and Investments Commission grants this exemption under paragraphs 951B(1)(a) and 1020F(1)(a) of the Corporations Act 2001 (the Act).

Statements of Advice

2. A providing entity does not have to comply with paragraphs 947B(2)(h), 947C(2)(i) and 947D(2)(d) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Statement of Advice.

Product Disclosure Statements and periodic statements

3. A responsible person does not have the comply with paragraph 1013D(1)(m) and subsection 1017D(5A) of the Act to the extent that those provisions require an amount that is denominated in a foreign currency to be stated as an amount in Australian currency in a Product Disclosure Statement or a periodic statement.

Interpretation

4. In this instrument:

providing entity has the meaning given in section 944A of the Act; and

responsible person has the meaning given in section 1013A of the Act.

Dated this 8th day of December 2004

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission