Disclaimers

Disclaimer - Finance

The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. All statements made on this website are made in good faith and we believe they are accurate and reliable. Rapid Finance (Aust) Pty Ltd and its subsidiaries disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this site.

Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where any product(s) is/are detailed on this website, you should obtain a Product Disclosure Statement relating to the product(s), consider its contents and obtain professional advice before making any decisions. The information on this website is not a substitute for financial advice. Past performance is not indicative of future performance.

Disclaimer – General

All statements made on this website are made in good faith and we believe they are accurate and reliable. Rapid Finance (Aust) Pty Ltd and its subsidiaries do not give any undertakings or warranties as to the accuracy, reliability or completeness of information that is contained in this website, except in so far as any liability under statute cannot be excluded.

Rapid Finance (Aust) Pty Ltd, the director, employees and their representatives do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which it is used or applied.

Disclaimer – Taxation and legal

All statements made on this website are made in good faith. The information shown is general information only; it has been prepared without taking into consideration your personal objectives, financial situation or needs. The user should consider its appropriateness having regard to their personal circumstances before acting on content therein. Any taxation or legal positions described are general statements only and should be used as a guide. It does not constitute taxation, legal or any other professional advice and is based on current laws and our interpretation. Your individual situation may differ and you should consult independent professional advice.

Rapid Finance (Aust) Pty Ltd, the director, employees and representatives disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this site. From time to time laws may change and this may affect the accuracy of the content. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which it is used or applied.

Disclaimer – Professional advice

The information published on this website is general information only; it has been prepared without taking into consideration your personal objectives, financial situation or needs. The user should consider its appropriateness having regard to their personal circumstances before acting on content therein. Any financial, taxation, legal or other professional positions described are general statements only and should not be used a substitute for seeking professional advice. Your individual situation may differ and you should consult independent professional advice before acting on any information published on this website.

Director’s Disclosure

The Director of the Rapid Network of Companies (“Rapid Network”) at any time during or since the end of the previous year is:

Ultimate Parent

Rapid Finance (Aust) Pty Ltd is the main trading entity that is primarily owned by Rapid Network (Aust) Pty Ltd ATF The Cullinan Management Trust.

Rapid Finance (Aust) Pty Ltd

The principal activities of the Rapid Finance during the course of the financial year were to provide credit assistance to consumers and commercial borrowers seeking to obtain finance for home loans, personal loans, car loans as well as insurance for vehicles financed through provision of credit assistance. There have been no significant changes in the operations or nature of the activities for Rapid Finance (Aust) Pty Ltd during the financial year.

Director’s Interest

The Director of the Rapid Network wishes to disclose the following financial and personal interests;

Directorships and Majority Shareholdings in the Rapid Network

The Director owns a majority or equal (depending on entity) shareholding or holds directorship of the following unlisted companies as at 30 June 2016:

Michael Cullinan

Subsidiaries

Intergroup transactions, which may or may not be on commercial terms, include the provision of management and administration services, staff training, data processing facilities and the use of business premises to conduct operations.  Similar transactions between group entities and other related parties have been invariably on commercial terms and conditions as agreed between the parties. Such transactions are not considered to be material, either individually or in the aggregate.

Related Parties

Center One Finance Pty Ltd

Michael Cullinan has a direct financial interest in Center One Finance Pty Ltd.  Center One Finance Pty Ltd is an original credit provider that provides consumer and commercial credit for personal loans, car loans, business loan and bad credit finance.

As a credit assistance provider Rapid Finance (Aust) Pty Ltd may assist clients in obtaining finance from, or refer clients directly to Center One Finance Pty Ltd.

From June 2015, Center One Finance Pty Ltd has had a close commercial relationship with the Rapid Network.

All commercial dealings between the Rapid Network (including Rapid Finance (Aust) Pty Ltd) and Center One Finance Pty Ltd will be conducted at arms length.

NA & MC Car Sales Pty Ltd (T/as National Wholesale Network & T/as Rapid Wholesale)

Michael Cullinan has a direct financial interest in NA & MC Car Sales Pty Ltd.  NA & MC Car Sales Pty Ltd, which is a Licensed Motor Car Trader that purchases new and used vehicles for resale.

As part of the credit assistance process Rapid Finance (Aust) Pty Ltd may assist clients in purchasing a vehicle by referring them to NA & MC Car Sales Pty Ltd.

Since the formation of NA & MC Car Sales Pty Ltd in February 2012 there has been a close commercial relationship with the Rapid Network (including Rapid Finance (Aust) Pty Ltd).

Most transactions between NA & MC Car Sales Pty Ltd and the Rapid Network (including Rapid Finance (Aust) Pty Ltd) have been on commercial terms and conditions; others have been on terms and conditions which represented a concession.

Directors’ contractual benefits

Since the end of the previous financial year, the Director has not received or become entitled to receive a benefit by reason of a contract made by the Company or a related corporation with the Director or with a firm of which he is a member or with a company in which he has a substantial financial interest other than as a Director.

Share Options

No share options have been granted to controlling shareholders or the Rapid Network or their associates.

There are no share options outstanding.