Disclosure Statement.

1. Purpose of this document

This Disclosure Statement is designed to help you decide whether to use Benefund's services. It explains who we are, the financial services we provide, the fees and costs that apply, the risks associated with our service, and how to make a complaint.

You should read this document carefully alongside our Terms of Service, our Privacy Policy, and our Target Market Determination.

2. Who provides the service

The Benefund service is provided by Benefund Pty Ltd (ABN [pending]) ("Benefund"), operating as an Authorised Representative under an Australian Financial Services Licence (AFSL [number pending]).

The investment management of pooled member funds is conducted under the oversight of the AFSL Responsible Entity. The Responsible Entity meets capital adequacy, custody, and reporting requirements set by the Australian Securities and Investments Commission (ASIC).

Registered office

Benefund Pty Ltd, [Registered office to be confirmed], Melbourne, Victoria, Australia.

Contact

Email: hello@benefund.com.au
Web: benefund.com.au

3. The financial service we provide

Benefund offers a managed investment service that:

• Pools member contributions for institutional-grade investment management.
• Tracks each member's individual entitlement within the pool.
• Distributes a configurable percentage (75–100%) of each member's annual investment yield to charities the member has selected.
• Preserves member principal — contributed capital remains invested.

We do not provide personal financial product advice. All information provided through our website, app, calculator, and other materials is general in nature and does not consider your individual objectives, financial situation, or needs.

4. Investment strategies

Members may select one of three published investment strategies:

• Conservative — indicative target return ~5% p.a., predominantly fixed income.
• Balanced — indicative target return ~7.5% p.a., diversified across asset classes.
• Growth — indicative target return ~9% p.a., predominantly equities and alternatives.

Indicative target returns are forward-looking estimates. They are not guarantees of future performance. Actual returns will vary and may be negative in some periods.

5. Fees and costs

The following fees apply to individual members:

• Management fee: 0.85% per annum, calculated on assets under management, deducted from investment returns before yield distribution.
• Setup fee: Nil.
• Transaction fee: Nil.
• Performance fee: Nil.
• Withdrawal fee: Nil.

Employer partners pay a separate subscription fee disclosed in their Employer Agreement. Charity partners pay no fees and incur no costs to participate.

6. Risks

Using Benefund involves risk. Key risks include:

• Market risk: the value of investments may fall as well as rise. Returns are not guaranteed.
• Inflation risk: investment returns may not always exceed inflation, reducing real purchasing power.
• Liquidity risk: in extraordinary market conditions, withdrawals may be temporarily restricted to protect remaining members.
• Operational risk: errors, system failures, or cyber incidents could affect service availability or accuracy.
• Regulatory risk: changes to financial services or charity regulation could affect the service.
• Charity risk: a chosen charity may lose its DGR endorsement or be otherwise removed from the platform; distributions to that charity will be paused until you redirect them.

You should consider whether these risks are appropriate for your circumstances before using Benefund.

7. How distributions work

At the end of each calendar quarter, distributable yield is calculated for each member's individual entitlement. The configured distribution percentage (default 100%, minimum 75%) is transferred to the member's nominated charities in the proportions set by the member. Any retained yield reinvests into the member's fund.

All charity recipients are registered with the Australian Charities and Not-for-profits Commission (ACNC) and endorsed as Deductible Gift Recipients (DGRs) by the Australian Taxation Office. ATO-compliant gift receipts are generated automatically.

8. Tax considerations

Yield distributed to DGR-endorsed charities is tax-deductible to the gift-giving member in accordance with Australian tax law. Investment returns within the pool are subject to applicable tax law at the fund level. Members receive consolidated annual tax statements.

This document does not constitute tax advice. You should consult a qualified tax adviser regarding your specific circumstances.

9. Complaints handling

If you have a complaint, please contact us first:

• Email: complaints@benefund.com.au
• Postal: Complaints Officer, Benefund Pty Ltd, Melbourne, Victoria, Australia.

We aim to acknowledge complaints within 24 hours and resolve them within 30 days. If you are not satisfied with our response, you may refer the matter to the Australian Financial Complaints Authority (AFCA), an independent dispute resolution body:

AFCA
Web: afca.org.au
Phone: 1800 931 678
Email: info@afca.org.au

10. Conflicts of interest and remuneration

Benefund earns the management fee disclosed above. Our investment managers may be remunerated through the management fee structure. Charity partners pay no fees and Benefund receives no payment from charities. Employer partners pay subscription fees disclosed in their separate agreements.

We do not receive commissions or other forms of remuneration from third parties for member referrals or product placement.

11. Updates to this Disclosure

This Disclosure Statement may be updated from time to time. Updated versions will be made available at benefund.com.au/disclosure. Members will be notified of material changes by email.