1.1 These Terms and Conditions (Terms) are an agreement between you and Liberty Platform Pty Ltd (ACN 694 912 126, ABN 83 694 912 126) (Liberty Stone, we, us), which operates the platform at libertystone.com and libertystone.com.au and any related applications (Platform).

1.2 By accessing, registering for or using any part of the Platform, you accept these Terms. If you do not agree, you must stop using the Platform immediately.

1.3 We may change these Terms at any time by publishing the updated Terms on the Platform. Your continued use after a change takes effect means you accept it.

2.1 Liberty Stone is registered in Australia and is a Corporate Authorised Representative of YP Securities Pty Ltd (ACN 647 627 889, AFSL 531729) under the Corporations Act 2001 (Cth). This lets us provide the financial services described in these Terms and our Financial Services Guide.

2.2 The Platform provides:

• cash accounts and multi-currency management, through partner institutions (section 6);
• access to term deposits issued by partner institutions, and to other fixed-term investments (section 7);
• securities brokerage and investment services, through a prime broker appointed by our licensee (section 8);
• managed investment scheme access and administration (section 8); and
• SMSF administration and reporting tools.

2.3 Some services are provided by or with regulated third parties. The regulatory framework for each service is set out in its product terms, the Financial Services Guide and any Product Disclosure Statement.

2.4 Liberty Stone is a technology and arranging platform. We are not a bank and not an Authorised Deposit-taking Institution (ADI), and we do not hold client cash on our own account.

2.5 Change to Idealx. Liberty Platform Pty Ltd is being converted to Idealx Pty Ltd, and YP Securities Pty Ltd is being converted to Idealx Securities Pty Ltd. Each company keeps its ACN and ABN, and the AFSL (531729) stays the same. A change of name does not create a new legal entity and does not affect your accounts, your investments, the Partner Institutions holding your cash, or your rights under these Terms. From the date each change takes effect, every reference in these Terms to the old name means the new name. The Liberty Stone brand in Australia will be replaced by Idealx, and we will tell you before your access moves to the Idealx app and website.

3.1 To use the Platform you must:

• be at least 18 years old;
• be an Australian resident or citizen, or otherwise permitted by applicable law to use the Platform;
• have legal capacity to enter binding contracts; and
• not be prohibited by law or regulation from receiving our services or those of our partner institutions.

3.2 If you act for a company, trust, SMSF or other entity, you confirm you are authorised to bind it, and "you" includes that entity.

3.3 We, and each partner institution, must verify your identity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and our AML/KYC Policy. You authorise us to collect, verify and keep your identity documents and to share them with partner institutions to open and operate your accounts.

4.1 Most features require a Platform account. You must give accurate, current and complete information and keep it up to date.

4.2 You are responsible for keeping your login credentials confidential and for all activity under your account. Tell us promptly of any unauthorised use or security breach. We will never ask for your password by email, phone or any unsolicited message.

4.3 We may suspend, restrict or close your Platform account at any time, with or without notice, including for breach of these Terms, false or misleading information, suspected fraud, failure to maintain verification, legal or regulatory direction, or prolonged inactivity.

4.4 Closing your Platform account does not close your accounts at partner institutions or affect your ownership of the money in them. Section 6.8 explains how your cash is returned.

5.1 Products on the Platform are offered by us or by regulated third parties, including the partner institutions in section 6. The terms, fees, risks and features of each product are set out in its product documents, such as the issuer's terms, Product Disclosure Statements and Target Market Determinations, which are available on the Platform.

5.2 Any information we or our representatives give you is general advice only. It does not take into account your objectives, financial situation or needs. Consider whether it is appropriate for you and, where appropriate, get independent advice from a licensed adviser before acting.

5.3 All investments carry risk, including the loss of capital. Past performance is not a reliable indicator of future performance.

5.4 Where a product is issued by a partner institution, that institution is the issuer and is responsible for it. Your contract for that product is with the institution, under its own terms, and those terms apply alongside these Terms. If they conflict on the product itself, the institution's terms prevail.

6.1 Your cash stays with a regulated institution, in your name. All cash you hold through the Platform is held with a licensed deposit-taking institution or regulated payment institution (Partner Institution), in an account opened in your own name and designated to you (Your Account). Liberty Stone does not receive, hold or pool your cash in its own accounts.

6.2 Partner Institutions. Depending on the currency and the service, Your Account may be held with one or more of the following, or with another regulated deposit-taking or payment institution we tell you about before your account is opened:

• Banks and deposit-taking institutions: Cuscal Limited, JPMorgan Chase Bank (JPM), SSB Bank and Zenus Bank.
• E-money institutions: Delos Banking, Mesta, and OpenPayD (an electronic money institution authorised in the European Union).

The Platform shows which Partner Institution holds each of Your Accounts, its currency, and the account details.

6.3 You own your cash. The money in Your Account belongs to you. It is not an asset of Liberty Stone, is not mixed with our own money, and is not used for our business purposes or to meet our obligations. If Liberty Stone becomes insolvent, your cash is not available to our creditors.

6.4 Our role. Liberty Stone provides the technology through which you open, view and instruct Your Accounts. We send your instructions (deposits, withdrawals, conversions and transfers) to the Partner Institution, which carries them out. We may only move money from Your Account on your instruction or as required by law. We are not a party to your deposit and do not guarantee the Partner Institution's performance.

6.5 Protection depends on the institution. The protection of your money follows the Partner Institution that holds it, not Liberty Stone. Money held with a bank or deposit-taking institution is a deposit and may be covered by the deposit protection scheme of that institution's home jurisdiction (in Australia, the Financial Claims Scheme), subject to its terms and limits. Money held with an e-money institution is not a deposit and is not covered by a deposit protection scheme; it is safeguarded under the institution's licence, separate from the institution's own funds.

The Partner Institution's terms and disclosure explain exactly which protection applies to Your Account. Liberty Stone does not guarantee your cash or any return on it.

6.6 Opening Your Account. You authorise us to apply to Partner Institutions on your behalf to open Your Account, to share your identity and account information with them, and to accept their account terms for you after showing them to you. A Partner Institution may refuse, restrict or close an account under its own policies.

6.7 Allocation and changes. We allocate Your Account to a Partner Institution based on the currency you choose, the service, and the institution's eligibility rules. We may propose moving Your Account to another Partner Institution. We will give you at least 30 days' notice, except where a regulator, the institution or the law requires a faster change, and we will not move your cash without your consent unless the law requires it.

6.8 Withdrawals and closure. You can withdraw cash to a bank account in your own name at any time, subject to the Partner Institution's processing times and any fixed term under section 7. If your Platform account closes, we will help you withdraw your balance or transfer Your Account, and the Partner Institution will continue to hold your money for you until then.

6.9 Risks. Cash held with a Partner Institution is exposed to that institution's failure, operational outage or regulatory action, and to exchange-rate movements on foreign-currency balances. Partner Institutions' processing times, cut-offs and fees are set by them and shown on the Platform.

7.1 Who offers them. Term deposits on the Platform are issued by deposit-taking Partner Institutions, not by Liberty Stone. Payment and e-money institutions do not issue term deposits.

7.2 Depends on your currency. The term deposits available to you depend on the currency you choose. Each currency is offered by the Partner Institution(s) that take deposits in it, and not every currency, term or institution is available to every client.

7.3 Rates and terms are set by the institution. The issuing Partner Institution sets the interest rate, terms, minimum and maximum amounts, interest payment frequency and early-withdrawal conditions. Rates shown on the Platform are indicative until your deposit is accepted. The rate is fixed for the term once the institution confirms your deposit.

7.4 Held in your name. Each term deposit is placed in your name with the issuing Partner Institution, on the same basis as section 6. Section 6.5 sets out the protection that may apply.

7.5 Interest and maturity. Interest is paid by the issuing Partner Institution into Your Account. At maturity, principal and interest are returned to Your Account unless you instruct a rollover before the maturity date. Breaking a term deposit early may be refused, need notice, or reduce the interest paid, as set out in the institution's terms.

7.6 No guarantee from us. Liberty Stone does not pay interest and does not guarantee any rate or return. Any remuneration we receive is disclosed in our Financial Services Guide.

7.7 Tax. You are responsible for tax on interest earned. Partner Institutions may withhold tax where required, including where you have not provided a Tax File Number or other tax details, or under the tax rules of the institution's home country.

7.8 Other fixed-term investments. Besides bank term deposits, the Platform may offer other fixed-term investments, such as fixed-income or cash managed investment schemes, notes, bonds or other products with a set term and a stated or target return. These are not deposits. Each is issued by its own issuer (for example a responsible entity, trustee or bond issuer) under a Product Disclosure Statement, prospectus or other offer document, and may be held through the Prime Broker under section 8.

7.9 Different risks from a deposit. Other fixed-term investments are not covered by the Financial Claims Scheme or any deposit protection scheme. Their returns are not guaranteed by Liberty Stone and, unless the offer document says otherwise, not by the issuer. You could lose some or all of your capital, including if the issuer or an underlying borrower defaults, and you may not be able to exit before the end of the term. Read the offer document and Target Market Determination before investing.

8.1 Licensee. Our investment services are provided under the Australian Financial Services Licence of YP Securities Pty Ltd (AFSL 531729) (Licensee). Liberty Stone provides them as the Licensee's Corporate Authorised Representative.

8.2 Prime Broker selected by the Licensee. The Licensee selects, appoints and oversees the prime broker that executes, clears, settles and holds in custody the investments you make through the Platform (Prime Broker). Liberty Stone does not choose the Prime Broker. The Prime Broker's name and regulatory details are shown on the Platform and in our Financial Services Guide.

8.3 Due diligence and oversight. Before appointing the Prime Broker, the Licensee assesses its licensing, financial standing, custody arrangements and operational controls, and it continues to monitor the Prime Broker while it is appointed.

8.4 Your investments are yours. Securities you buy are held in your name or, where a market requires it, by the Prime Broker's custodian as nominee for you and recorded in its books as belonging to you. They are kept separate from the assets of Liberty Stone, the Licensee and the Prime Broker, and are not available to their creditors if any of them becomes insolvent.

8.5 Placing orders. You place orders through the Platform and we pass them to the Prime Broker. The Prime Broker executes them on the relevant market or venue under its order execution policy and the applicable market integrity rules. An order is not accepted until the Prime Broker confirms it, and prices can move between placing and executing an order.

8.6 Settlement cash. Cash to settle purchases is drawn from Your Account under section 6. Sale proceeds, dividends, distributions and interest are paid into Your Account. Where cash passes through the Prime Broker to settle a trade, it is held as client money in a segregated client account as required by the Corporations Act 2001 (Cth) and the Prime Broker's licence.

8.7 Corporate actions. The Prime Broker processes dividends, distributions, splits, rights issues and other corporate actions. Where you need to make a choice, we will tell you through the Platform; if you do not respond in time, the default option applies.

8.8 International investments. Foreign securities are subject to the laws, market rules, trading hours, taxes and settlement cycles of their home market, and to exchange-rate movements. You may need to complete foreign tax forms (such as a W-8BEN for US securities), and foreign tax may be withheld.

8.9 Managed investment schemes. Units in a managed investment scheme are issued by its responsible entity or trustee under its Product Disclosure Statement. That issuer, not Liberty Stone, is responsible for the scheme. Applications and redemptions follow the PDS, including any lock-up periods or redemption limits.

8.10 No borrowing or short selling. You may not borrow to invest, short sell or trade derivatives through the Platform unless you have agreed separate terms for that service.

8.11 Change of Prime Broker. The Licensee may replace the Prime Broker. Where practicable we will give you at least 30 days' notice, and your investments will be transferred to the new Prime Broker in your name.

8.12 Confirmations and reporting. You will receive a confirmation for each executed trade and periodic statements of your holdings and transactions through the Platform. Check them and tell us promptly of any error.

8.13 Investment risks. The value of investments can fall as well as rise. Risks include market, liquidity, currency and issuer risk, and counterparty risk, including the failure of the Prime Broker or a custodian. Sections 5.2 and 5.3 also apply.

9.1 Our fees are set out in product documents and the fee schedule on the Platform, and may include brokerage on securities trades, foreign exchange spread on currency conversions, platform and administration fees, and placement and deal access fees for managed investment products.

9.2 Partner Institutions may charge their own account, transfer or early-withdrawal fees, shown on the Platform.

9.3 We may change our fees by publishing an updated schedule with at least 30 days' notice before the change takes effect. Continued use after that date means you accept the change.

You must not use the Platform or Your Account:

• for money laundering, terrorism financing or any breach of AML/CTF laws;
• for market manipulation, insider trading or securities fraud;
• in connection with any criminal enterprise;
• to get around security measures or access controls, or to introduce malware or harmful code;
• to misrepresent your identity or impersonate anyone;
• in a way that creates regulatory, legal or reputational risk for us or a Partner Institution; or
• from a jurisdiction where its use is prohibited.

All content, trade marks, logos, software and materials on the Platform belong to Liberty Platform Pty Ltd or its licensors. You may not copy, reproduce, distribute, modify or create derivative works from them without our prior written consent.

Our Privacy Policy forms part of these Terms. By using the Platform you consent to the collection, use and disclosure of your personal information as it describes, including disclosure to Partner Institutions to open and operate Your Account.

13.1 To the extent permitted by law, Liberty Stone and its officers, directors, employees, agents and authorised representatives are not liable for any direct, indirect, special, consequential or exemplary loss arising from your use of, or inability to use, the Platform, including lost profits, revenue or investment returns, lost data or opportunities, third-party service disruption, market movements and investment losses.

13.2 We are not liable for the acts, omissions, insolvency or failure of a Partner Institution, or for any shortfall in the protection that applies to Your Account under section 6.5.

13.3 Nothing in these Terms excludes any liability that cannot be excluded under the Australian Consumer Law or the ASIC Act 2001 (Cth).

14.1 You indemnify Liberty Stone and its affiliates, officers, directors, employees and agents against claims, losses, costs and expenses arising from your breach of these Terms, your breach of any law, or your use of the Platform.

14.2 The Platform relies on third parties, including Partner Institutions, payment processors, brokerage providers and identity verification services. Their services are governed by their own terms, and we are not responsible for their acts, omissions or service quality.

15.1 These Terms are governed by the laws of Victoria, Australia.

15.2 Disputes go first to our internal dispute resolution process in our Complaints Policy. If unresolved, you may refer the matter to the Australian Financial Complaints Authority (AFCA). Complaints about a Partner Institution's product may also be raised with that institution under its own complaints process.

Liberty Platform Pty Ltd (ACN 694 912 126, ABN 83 694 912 126) Suite 109, Level 1, 40 Burgundy Street, Heidelberg VIC 3084, Australia Email: compliance@libertystone.com.au