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MENTAL HEALTH EDUCATION PROGRAM & TRAINING This Standard sets minimum requirements for occasions when incorrect prices have been calculated and transacted upon and for determining when compensation is required that arises as a result of incorrect unit prices. The main features of this Standard are: The Family Medical History Policy to be adopted by a member in the operation of its life insurance business and Guidance in the interpretation and application of those standards.ĮRRORS IN PRICING/CREDITING RATES WHEN DETERMINING SCHEME INTERESTS - CORRECTION & COMPENSATION (“Scheme” is defined in FSC Guidance Note 5 Industry Terms and Definitions, and includes REs of registered schemes and RSE licensees of superannuation funds). (c) to require disclosure of the above matters and details of the exercise of such voting rights by the Operator (on an “entity and resolution level” basis) in respect of each financial year for each Scheme it operates. (b) whether or not an Operator engages the services of a voting or proxy consultant in exercising its voting rights and

(a) in relation to Australian investments, to require the formulation of an Operator’s voting policy (including proxy voting) for each Scheme it operates The main purposes of Standard 13 Voting Policy, Voting Record and Disclosure are: VOTING POLICY, VOTING RECORD & DISCLOSURE MORATORIUM ON GENETIC TESTS IN LIFE INSURANCE The main features of this Standard are: To specify standards to be adopted by a Financial Services Council member in the promotion of its Financial Products and Services as well as provide guidance in the interpretation and application of those standards. PRESENTATION OF PAST PERFORMANCE INFORMATION & VISUAL PROMOTIONS For further information or to obtain a marked-up copy, please contact FSC Senior Counsel, David McGlynn, at (02) 8235 2534. The latest version of this Standard incorporates changes to accommodate the introduction of FSC Standard 8A: Crediting Rates. The Standard prescribes, among other things, standards relating to independence, market values, the existence of properly regulated markets and valuation frequency. This Standard sets out the principles to be adopted in the valuation of Scheme assets and liabilities and provides guidance in the interpretation and application of those principles. This Standard applies to FSC Members generally and in particular Members who are Operators of a Scheme using Crediting Rates. Members are welcomed to comply with the new Standard before the effective date. In the meantime, Financial Services Council members should comply fully with either the old Standard or the new Standard. The new Standard is mandatory for all members from 1 July 2007. 8 has been subject to substantial revisions, transitional arrangements apply. This Standard sets out the principles to be adopted in the calculation of Scheme prices, and prescribes standards for, among other things, transaction cost factors, arbitrage opportunities, backdating, the frequency of pricing, rounding adjustments and process documentation. This Standard is to be converted into a Guidance Note. The main features of this Standard are to specify the principles adopted when calculating Total, Growth and Distribution Returns enable proper assessment of Product returns when comparing Month-End returns, after fees and tax paid by the Product, with market indices and other Products (ie peer comparisons), ensure there is as much consistency as possible with the Australian Investment Performance Measurement and Presentation Standards and Global Investment Performance Standards. PRODUCT PERFORMANCE: CALCULATION OF RETURNS

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The Code of Conduct sets out the procedure for Financial Services Council members to comply with Financial Services Council Standards and the sanctions applied to those members in breach. The Codes recognise that the object of industry participants is to work to the highest standards of professionalism and generally meet and where possible exceed the public's expectations. The Code of Ethics and the Code of Conduct are designed to promote an investment and financial services industry of the highest integrity. References (without documents) to any Standards that have been repealed can be found here. Our current Standards appear immediately below this panel. To access FSC Guidance Notes, click here. The FSC Standards Fact Sheet can be downloaded here. Below is a list of all generally available FSC Standards.