Terms of Service.

1. Acceptance of these Terms

These Terms of Service ("Terms") form a legally binding agreement between you and Benefund Pty Ltd (ABN [pending]) ("Benefund", "we", "us", "our"). By creating an account, opening a fund, or using any part of our service, you confirm that you have read, understood, and agree to be bound by these Terms.

If you do not agree, you must not use our services.

2. Eligibility

To use Benefund as an individual, you must:

• Be at least 18 years of age.
• Be an Australian resident with a valid Australian bank account.
• Be able to enter into legally binding agreements under Australian law.
• Pass identity verification under our anti-money-laundering and counter-terrorism financing (AML/CTF) obligations.

Employer and charity partners must meet the eligibility criteria set out in their respective partner agreements, which form part of these Terms by reference.

3. The service

Benefund provides a platform that allows you to contribute funds, have those funds invested under the oversight of an Australian Financial Services Licence, and have the resulting investment yield distributed to charities you select.

Benefund is not a savings account, term deposit, or guaranteed return product. Investment returns will fluctuate, and your fund's value will rise and fall with market conditions.

4. Your fund

When you open a Benefund:

• You become a member of the relevant scheme operated under our AFSL.
• Your contributions are pooled with other members' contributions for institutional management, while your individual entitlement is separately tracked.
• Your fund is yours — you can change your strategy, contributions, charities, or distribution rate at any time, subject to processing windows described in the app.
• Your fund continues if you change employers or your relationship with Benefund changes; the fund travels with you.

5. Fees

A management fee of 0.85% per annum applies to assets under management, deducted from investment returns before yield is calculated for distribution. There are no setup fees, transaction fees, performance fees, or withdrawal penalties.

Fees may change with at least 60 days' written notice. If you do not agree to a fee change, you may close your fund and have your principal returned, less any outstanding fees.

6. Distributions to charities

You authorise Benefund to distribute the chosen percentage of your fund's annual yield (between 75% and 100%, default 100%) to the charities you select, in the proportions you set. Distributions occur quarterly. ATO-compliant gift receipts are generated and stored automatically.

You are responsible for ensuring your nominated charities reflect your current giving preferences. We will reach out if a partner charity is removed from the platform so you can redirect distributions.

7. Closing your fund

You may close your fund at any time. On closure, your principal balance — less any outstanding fees and any required tax adjustments — will be returned to your nominated bank account within 10 business days. Closure does not affect any tax deductions previously claimed on yield distributed to DGR-endorsed charities.

8. Risks and disclaimers

Investment in Benefund involves risk. Returns are not guaranteed. Past performance is not a reliable indicator of future performance. The value of your fund may fall as well as rise. You should consider our Disclosure Statement and Target Market Determination before deciding whether Benefund is right for you.

Benefund does not provide personal financial product advice. Information on our website and in the app is general in nature and does not take into account your individual objectives, financial situation, or needs.

9. Your conduct

You agree not to:

• Provide false or misleading information when opening or operating your fund.
• Use Benefund for any unlawful purpose, including money laundering or terrorism financing.
• Attempt to gain unauthorised access to our systems, other members' accounts, or our partners' systems.
• Misuse our intellectual property, including our brand, content, or platform code.

We may suspend or terminate your account if we reasonably believe you have breached these Terms, where required by law, or where required to manage compliance obligations.

10. Liability

To the extent permitted by law, Benefund's liability is limited to the resupply of services or the cost of having services resupplied. Nothing in these Terms excludes any liability that cannot be excluded under Australian Consumer Law or other mandatory provisions of Australian law.

11. Changes to these Terms

We may update these Terms from time to time. Material changes will be notified to active members at least 30 days before they take effect, by email and by prominent notice on our website. Continued use of Benefund after a change indicates your acceptance of the updated Terms.

12. Governing law

These Terms are governed by the laws of Victoria, Australia. Any disputes will be subject to the non-exclusive jurisdiction of the courts of Victoria, except as required by mandatory law.

13. Contact

For questions about these Terms, please contact us at hello@benefund.com.au.