Canstar Financial Services and Credit Guide (FSCG)

CANSTAR PTY LIMITED
Date:   14 February 2019

Canstar Pty Ltd Authorised Representative No. 443019 of Canstar Research Pty Limited ABN 29 114 422 909, Australian Financial Services Licence and Australian Credit Licence No: 437917, both of Level 21, 143 Turbot Street, Brisbane Qld 4000.

 

What is a Financial Services and Credit Guide?

This Financial Services and Credit Guide (‘FSCG’) is an important document prepared by Canstar Pty Ltd (‘Canstar’) to assist you in determining whether you wish to use any of the financial services or products provided by Canstar.

This FSCG also provides information about:

  • who we are;
  • what services and types of financial products we are authorised to provide you;
  • how we are paid;
  • any potential conflict of interest we may have; and
  • our internal and external dispute resolution procedures and how you access them.

What Financial Services does Canstar offer?

Canstar is authorised, pursuant to its appointment as an Authorised Representative under an Australian Financial Services Licence, to provide general financial product advice through the provision of:

  1. Data and product comparison services – institutions, intermediaries, re-sellers & consumers;
  2. Data services and specialised research – institutions, industry bodies, consumer bodies & regulators;
  3. Data related IT services – institutions and intermediaries (including RateCity);
  4. Financial product star ratings and awards;
  5. Online lead referral services;
  6. Media Tables; and
  7. Display advertising and sponsored content.

Canstar is authorised to carry on a financial services business to provide general financial product advice for the following classes of financial products:

  1. deposit and payment products including:
    • basic deposit products;
    • deposit products other than basic deposit products;
    • non-cash payment products;
  2. general insurance products; and
  3. life products limited to:
    • life risk insurance products as well as any products issued by a Registered Life Insurance Company that are backed by one or more of its statutory funds;
  4. interests in managed investment schemes excluding investor directed portfolio services;
  5. standard margin lending facility; and
  6. to retail and wholesale clients.

Canstar is authorised pursuant to the Australian Credit Licence, to:

Engage in credit activities other than as a credit provider by:

  1. providing a credit service where the licensee is not or will not be:
    • where the service relates to a credit contract or proposed credit contract – the credit provider under the contract; or
    • where the service relates to a consumer lease or proposed consumer lease – the lessor; and/or
  2. performing the obligations or exercising the rights of a credit provider in relation to a credit contract or proposed credit contract under which the licensee is not or will not be the credit provider; and/or
  3. performing the obligations or exercising the rights of a mortgagee in relation to a mortgage or proposed mortgage that secures or will secure obligations under a credit contract under which the licensee is not the credit
  4. provider; and/or
  5. performing the obligations or exercising the rights of a beneficiary under a guarantee or proposed guarantee that guarantees obligations under a credit contract under which the licensee is not the credit provider; and/or
  6. performing the obligations or exercising the rights of a lessor in relation to a consumer lease or proposed consumer lease where the licensee is not or will not be the lessor

Who is responsible for the financial service provided?

Canstar is licensed by Canstar Research Pty Limited ABN 29 114 422 909, Australian Financial Services Licence No: 437917 under the Corporations Act and Australian Credit Licence No: 437917 under the National Consumer Credit Protection Act 2009 to provide the services outlined in this FSCG.

Why is this guide provided to you?

Under the Corporations Act, Canstar is deemed to provide general financial product advice to you through any of the above means, even though we do not deal directly with you.   Canstar materials may be distributed to you through third party intermediaries, including advisers or mortgage brokers, or may be published on our website.

General advice provided by Canstar does not constitute personal advice as it does not take into account your financial situation, needs and objectives.

Canstar’s credit licence authorization requires it to provide you with a credit guide setting out the information in this document.

Are there any relationships that exist that may influence us when we provide advice?

Canstar is not owned by any financial product issuer.     Canstar may provide some product issuers with referrals, data, research, licensing, IT or consulting services for a fee.

RateCity Pty Ltd ABN 12 122 743 542 (‘RateCity’) is a joint venture between the shareholders of Canstar Research’s parent company CANSTAR Pty Ltd ABN 21 053 646 165 (‘CANSTAR’), and ninemsn.   RateCity provides consumers with a search, compare, select and application facility for a wide range of banking and insurance products.   CANSTAR supplies data services to RateCity on commercial terms.

Mr Andrew Spicer is Managing Director and CEO of CANSTAR.  Ms Annabelle Chaplain, Mr Lachlan Given, Ms Rosemary Willink and Mr Michael Firmin are non-executive directors of CANSTAR.

ANZ Bank is Canstar group’s primary banker.  All d