Legal
Institutional Power of Attorney
(POA) Limited
Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286 | AFSL 280372
This document outlines the Institutional Power of Attorney (POA) Limited between the Principal (Client) and the Attorney, to perform all transactions and legal acts relating to the Principal's trading account in accordance with Saxo Capital Markets (Australia) Pty Ltd's ("SCM") General Business Terms (GBTs) and other terms and agreements, as amended from time to time, as if they were performed by the Principal.
The Client
The SCM account holder who appoints the Attorney to act on their behalf in relation to their trading account. Client details are captured at the time of execution.
Grange Financial Services Pty Ltd
ABN/ACN: 29 612 321 383
Address: 'Tower 2' Suite 2506, Level 5, 5 Lawson Street, Southport QLD 4215
Phone: 1300 304 500
Terms & Conditions of the POA
In consideration of SCM allowing the Principal to grant this Power of Attorney, the Principal understands and agrees as follows:
The Principal indemnifies SCM in relation to this grant of Power of Attorney.
SCM may accept from the Attorney, without any inquiry or investigation, any order for the purchase and sale of securities, derivatives, foreign exchange, financial products and any other property in the Principal's account(s) on margin or otherwise.
SCM may not accept from the Attorney, any order regarding the transfer of funds to the credit or debit of the Principal's account(s).
SCM shall have no responsibility or liability to the Principal in following the Attorney's instructions (except as stated in the GBTs).
The Principal declares that all acts, matters and things undertaken by the Attorney in exercising powers under this Power of Attorney will be as valid and effective as if they had been done by the Principal.
SCM is under no duty to supervise or otherwise know or review the trading practices or advice or any other acts of the Attorney.
The Principal agrees to ratify and confirm whatever the Attorney does in exercising the powers granted under this Power of Attorney, including anything done between the revocation by any means of this Power of Attorney and such revocation becoming known to the Attorney.
SCM is allowed to reveal all information about the account to the Attorney and so, for instance, send a copy of any and all transaction notes, account statements or similar to the Attorney.
SCM may establish internet trading facilities according to the instructions of the Attorney and so enable the Attorney to execute trades on behalf of the Principal on any of SCM's internet trading systems.
The Principal declares that this Power of Attorney shall be valid from the date hereof and will remain in effect until revoked by (i) the Principal (including his successors in title and permitted assignees) and this revocation is duly communicated by the Principal to both SCM and the Attorney; and/or (ii) SCM and this revocation is also communicated by SCM to both the Principal and the Attorney.
The Principal declares that the Attorney is authorised to exercise his powers under this Power of Attorney even where such exercise may confer a benefit on the Attorney himself.
Governing Law
This Power of Attorney shall be governed by and construed in accordance with the laws of New South Wales. Each Party submits to the exclusive jurisdiction of the courts of New South Wales to determine any proceedings arising out of or in relation to the grant of this Power of Attorney.
Execution
This Power of Attorney is executed in a manner so as to be binding on the parties. Both the Principal and the Attorney must sign to effect the POA.
Principal
Authorised Client Full Name(s) & Signature(s)
Attorney
Director / Authorised Signatory Full Name & Signature