The Markets

Terms of Use

Terms and Conditions of Website Use - Australia

Version: 2.0 - March 2026

Last Updated: March 2026

Review Due: March 2027

Applies to: www.proactiveinvestors.com.au (Australia Site)

Governing Law: New South Wales, Australia

1. Introduction

Welcome to www.proactiveinvestors.com.au (the "Site"). The Site is operated by Proactive Investors Australia Pty Ltd ACN 132 787 654 (the "Company", "we" or "us"), a financial newswire providing independent news coverage of public companies, capital markets, and financial developments for an Australian audience.

Please read these Terms and Conditions of Website Use (the "Terms and Conditions") carefully before using the Site. By using and accessing the Site in any capacity, you agree:

that you have read and understood these Terms and Conditions;
that you have read and understood the Company's Privacy Policy, which you can access at https://www.proactiveinvestors.com.au/pages/privacy (the "Privacy Policy"); and
to be bound by these Terms and Conditions and the Privacy Policy.

If you do not agree to these Terms and Conditions or the Privacy Policy, you must not use the Site.

The Company reserves the right to modify or update the Site or these Terms and Conditions at any time. Any such modifications or updates become effective once posted on the Site. We will post a notice to the Site advising you of any material modifications, and where practicable notify registered users by email. By continuing to use the Site, you accept any such modifications or updates.

2. About Proactive Investors

Proactive Investors is a full-service financial newswire. We produce independent financial journalism covering public companies, markets, and financial developments. Our content is reported in a neutral, objective style consistent with established newswire standards such as Reuters and Bloomberg, with full source attribution in every article.

Our editorial team consists of experienced financial journalists whose credentials and professional backgrounds are publicly available via author profile pages on this Site. All content is produced under our Editorial Standards Policy, available at Editorial Standards Policy.

Important: Proactive Investors is a financial newswire and publisher. The Content is factual information and news commentary only. It is not, and is not intended to be, general advice or personal advice within the meaning of the Corporations Act 2001 (Cth), and we do not hold or purport to act under an Australian Financial Services Licence in providing it.

3. Not Financial Advice

You acknowledge and agree that:

none of the content on the Site, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (the "Content"), is, or is intended to be, general advice or personal advice within the meaning of the Corporations Act 2001 (Cth);
the principal purpose of the Content and the Site is to provide factual information only and to comment on news;
the Content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including in respect of any particular security, portfolio of securities, transaction, or investment strategy, and must not be relied upon by you as such;
in providing you with access to the Content and the Site, we have not considered your objectives, financial situation, or needs; and
you should make your own enquiries and obtain your own independent advice from an Australian Financial Services Licensee before making any financial decision.

If any Content were to be construed as financial product advice despite the above, it would be general advice only, and you should consider its appropriateness having regard to your own objectives, financial situation, and needs, and obtain a Product Disclosure Statement where relevant before making any decision.

4. Commercial Relationships & Remuneration Disclosure

4.1 Our Business Model

Proactive Investors operates a B2B news distribution model. We may have arm's-length commercial relationships with companies whose securities or activities are covered on the Site. Under these arrangements, client companies engage Proactive to distribute their news through our newswire platform. These are news distribution and media services agreements. They are not arrangements under which Proactive agrees to produce positive, promotional, or favourable editorial coverage.

All commercial contracts with client companies include express provisions requiring that editorial content is produced independently, neutrally, and in accordance with our Editorial Standards Policy. Client status confers no editorial rights, approval, veto, or influence over the content we produce.

4.2 Remuneration Disclosure

In the interest of transparency, Proactive makes the following disclosure:

Remuneration disclosure: The Company, its related bodies corporate, or their affiliates may receive cash consideration and, in some cases, equity consideration from companies whose news is distributed through our platform. This consideration is for news distribution and media services, not for editorial content or coverage decisions. The existence of a commercial relationship with a company does not determine, influence, or shape the editorial content produced about that company. Where the Company has a commercial relationship with a company covered in a specific article, this is disclosed within that article.

The Company does not receive consideration contingent on trading volume generated by its content, on reader investment decisions, or on the completion of any transaction in securities. Where the Company receives equity consideration, such securities are held independently by a third-party broker, which manages and disposes of them at its own discretion, independently of the Company's editorial and commercial operations.

5. Risk Warning

Important risk notice: Investing in securities, particularly those of smaller and emerging companies, is speculative and carries a high degree of risk. The value of investments and income from them can go down as well as up. You may lose some or all of the amount you invested.

You should be aware of the following before making any financial decision based on the Content:

Past performance of an investment is not necessarily a guide to its future performance
Investment values are subject to market volatility, changes in interest rates and capital values, and — for investments held in overseas markets — changes in exchange rates
It may be difficult to sell or value certain investments, or to obtain reliable information about their value or risk profile
Securities of smaller companies, including those listed on the ASX or on other exchanges, may carry greater volatility, lower liquidity, and more limited publicly available information than those of larger companies
Any arrangement made between you and any third party is at your sole risk and responsibility

The Company recommends that you obtain independent advice from an Australian Financial Services Licensee before making any financial decision.

6. Use of the Site

You may use the Site and the Content solely for your personal, non-commercial, informational use, and not for any commercial purpose.

Except as expressly permitted, you may not:

Reproduce, transmit, disseminate, sell, sublicense, broadcast, republish, duplicate, modify, adapt, upload, post, download, copy, translate, reverse engineer, decompile, or disassemble any portion of the Site or Content
Use data mining, robots, scrapers, or similar data gathering and extraction tools on the Site or Content
Otherwise distribute or commercially exploit any portion of the Site or Content
Take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or that disrupts or damages the functioning of our systems or the Site
Restrict or inhibit any other visitor from using the Site or Content, including by hacking or defacing any portion of it
Express or imply that any statements you make are endorsed by the Company or the Site
Harvest or collect information about visitors to the Site without their express consent and our prior written consent

You will comply with all applicable domestic and international laws, statutes, ordinances, and regulations regarding your use of the Site and the Content, and will not use them for any unlawful purpose.

Unauthorised access to or use of the Site or Content is a breach of these Terms and Conditions. Without limiting its other rights or remedies, the Company may revoke any right or permission granted to you to use the Site or Content, and may take any action it considers appropriate in response to a breach.

7. Use of the Site Outside Australia

The Site is provided for use in Australia only. Separate sites, terms, and disclaimers apply to users in the United Kingdom, United States, and Canada, and to other jurisdictions where Proactive Investors operates. Links to regional sites and their applicable terms are available at United Kingdom Terms, United States Terms, and Canada Terms.

Use of the Site in jurisdictions outside Australia may be restricted by law. If you use the Site outside Australia, you should inform yourself about and observe any such laws. The Site is not intended to be made available in any place in which, or to any person to whom, it would be unlawful for the Site to be made available.

At any time and in its sole discretion, the Company reserves the right to limit the availability of the Site to any person, geographic area, or jurisdiction, and to terminate your access to and use of the Site in accordance with Section 18.

8. Conflicts of Interest & Editorial Disclosure

Proactive Investors is committed to transparency regarding any material connection between the Company and the companies it covers. Our approach to conflicts of interest is governed by our Editorial Standards Policy and is consistent with the Trust Project's Trust Indicators for editorial transparency.

Where a commercial relationship exists between the Company and a company featured in editorial content, this is disclosed within the relevant article using standardised disclosure language. Our journalists are required to disclose any personal financial interest in companies they cover to the Editor-in-Chief, and may not cover companies in which they have an undisclosed interest.

Full details of our conflicts of interest management procedures are set out in our Editorial Standards Policy, available at Editorial Standards Policy.

9. Author Expertise & Editorial Standards

All editorial content is produced by qualified financial journalists operating under Proactive's Editorial Standards Policy. Author credentials, professional backgrounds, and areas of specialisation are available via individual author profile pages on this Site.

Proactive's editorial process includes source verification, factual checking, and compliance review. Our Editorial Standards and Corrections Policy is available at Editorial Standards and Corrections Policy. Where errors are identified in published content, corrections are published promptly and transparently.

Proactive aligns its editorial standards with the Trust Indicators of The Trust Project (thetrustproject.org), an international consortium of news organisations committed to transparency and accountability in journalism.

10. Registered Users

Access to certain content may require registration. By registering, you agree to provide accurate, current, and complete information and to maintain its accuracy throughout your use of the Site.

You are responsible for maintaining the confidentiality of your login credentials and for all activity carried out under your account. You agree that you will not transfer or share your username or password with any third party.

Please notify us immediately at action@proactiveinvestors.com if you become aware of any unauthorised use of your account or any security breach, including loss or theft of your login credentials.

11. User Submissions

Where you submit remarks, suggestions, ideas, or other materials to or on the Site ("Submissions"), you grant the Company a non-exclusive, royalty-free, perpetual licence to use, reproduce, adapt, and publish such Submissions in connection with the operation and promotion of the Site, subject to our Privacy Policy.

You retain ownership of any intellectual property rights in your Submissions. By making a Submission, you confirm that you have the right to grant the above licence and that your Submission does not infringe any third-party rights.

You, not the Company, are responsible for the legality, accuracy, and appropriateness of your Submissions. The Company reserves the right to remove, edit, or decline to publish any Submission at its discretion, and to disclose Submissions as required by applicable law, regulation, or legal process.

12. Privacy & Cookies

The collection, use, and disclosure of your personal information is governed by our Privacy Policy, available at https://www.proactiveinvestors.com.au/pages/privacy, in accordance with the Privacy Act 1988 (Cth) and the Australian Privacy Principles.

We use cookies and similar technologies on the Site. Details of the cookies we use, their purposes, and how to manage your preferences are set out in our Cookie Policy, available at Cookie Policy. Under the Privacy Act, you have rights to access and seek correction of your personal information, and to make a privacy complaint. To exercise these rights, contact us at action@proactiveinvestors.com.

13. Proprietary Rights

The Site and the Content are the property of the Company or its licensors and are protected by copyright, trade marks, patents, and other applicable laws. The collection, arrangement, and assembly of the Content on the Site are the exclusive property of the Company and are likewise protected by copyright and other applicable laws.

You may not: (a) use, copy, modify, or display any registered or unregistered trade marks of the Company or its licensors, whether displayed on the Site or not, including through the use of meta tags or hidden text; or (b) represent that you, or any product or service, is recognised or endorsed by the Company or the owner of the relevant trade mark, in either case without the prior written consent of the Company or the relevant owner.

14. Third-Party Data

You acknowledge that the Content contains data — including but not limited to prices, statistics, and calculated information — obtained from a variety of third-party sources ("Third Party Data"). The Company does not represent or warrant that any Content, including Third Party Data, will be reliable, accurate, or complete.

To the extent permitted by law, the Company disclaims all responsibility and liability arising from any errors or omissions in the Content or Third Party Data, including any loss you may incur in connection with any action or decision made in reliance on the Content or Third Party Data.

15. Third-Party Sites & Materials

The Site may contain hyperlinks to third-party websites for reference and convenience only. The Company is not responsible for the content, accuracy, or operation of any linked site and does not endorse it. You access external sites entirely at your own risk. A hyperlink does not imply that the Company endorses or approves the linked site or its operator.

The Company assumes no responsibility for any third-party software or materials accessible via the Site and accepts no liability for their use or any inability to use them.

16. Operation of the Site

We will use reasonable commercial endeavours to keep the Site available on a 24-hour basis, subject to scheduled and unscheduled downtime. We give no assurance that access will be available at all times or uninterrupted, or that the Site will be error-free, secure, or free from viruses or other harmful components.

You are solely responsible for obtaining and paying for telecommunications access to the Site and for any equipment required to do so.

17. Disclaimer of Warranties

The Content and the Site are provided on an "as is" basis without any express or implied warranties of any kind. To the extent permitted by law, the Company and its related bodies corporate, agents, employees, contractors, and licensors do not warrant the accuracy, completeness, timeliness, non-infringement, title, merchantability, or fitness for a particular purpose of the Content or the Site, and disclaim all such express or implied warranties.

Australian Consumer Law: Nothing in these Terms and Conditions excludes, restricts, or modifies any consumer guarantee, right, or remedy conferred on you by the Competition and Consumer Act 2010 (Cth) (including the Australian Consumer Law) or any other applicable law that cannot lawfully be excluded or limited. Where our liability for breach of such a guarantee can be limited, it is limited, at our option, to the supply of the services again or the payment of the cost of having them supplied again.

18. Limitation of Liability

To the fullest extent permitted by law, neither the Company nor any of its related bodies corporate, agents, employees, contractors, or licensors will be liable to you or anyone else for any inaccuracy, delay, interruption in service, error, or omission, regardless of cause, or for any decision made or action taken by you in reliance on the Content or the Site.

To the fullest extent permitted by law, the Company and its related bodies corporate, agents, employees, contractors, and licensors will not be liable for any damages, including without limitation any direct, indirect, incidental, consequential, special, punitive, exemplary, or similar damages, regardless of the theory of liability and even if advised of the possibility of such damages, or for any loss or injury resulting from use of or reliance on the Content or the Site, whether caused by negligence or by contingencies beyond our control.

This section is subject to Section 17 and does not exclude or limit any liability that cannot lawfully be excluded or limited.

19. Termination of Access

The Company reserves the right to suspend or terminate your access to the Site or specific Content where there are reasonable grounds to do so, including but not limited to:

Breach of these Terms and Conditions
Violation of applicable law or regulation
A request from a law enforcement, regulatory, or self-regulatory authority
Infringement of intellectual property rights

Where practicable, we will provide notice of termination and an opportunity to remedy the relevant breach before access is suspended. In cases of serious or repeated breach, or where immediate termination is required by law or regulation, access may be terminated without prior notice.

You may close your registered account at any time by contacting us at action@proactiveinvestors.com.

20. Indemnification

To the fullest extent permitted by law, you agree to indemnify, defend, and hold the Company, our officers, directors, related bodies corporate, employees, contractors, agents, and representatives harmless from and against any and all claims, damages, losses, costs (including reasonable legal fees), and other expenses that arise directly or indirectly from:

Your breach of these Terms and Conditions
Your unauthorised use of the Site or the Content
Any Submissions or contributions made by you to or on the Site

21. Morningstar Data

Certain equity and regulatory news data on the Site is provided by Morningstar. This data: (i) may not be copied or distributed beyond incidental personal use; (ii) is not warranted to be accurate, complete, or timely; and (iii) is used by you at your own risk. You agree that Morningstar and the Company are not responsible for any damages or losses arising from use of this data, and that it must not be relied upon without appropriate permission from the Company and Morningstar.

Please be aware that: (i) Section 3 (Not Financial Advice) applies equally to the Morningstar information and data; (ii) the Morningstar information and data should not form the sole basis of any investment decision; (iii) no investment decision should be made in relation to it without obtaining advice from a professional financial adviser; (iv) past performance is no guarantee of future results; and (v) the value and income derived from investments can go down as well as up.

"Data: Morningstar" attribution is displayed adjacent to all data visualisations, price feeds, and charts powered by Morningstar data throughout the Site.

22. Governing Law & Jurisdiction

These Terms and Conditions are governed by and will be construed according to the laws of New South Wales, Australia. By using the Site, you submit to the non-exclusive jurisdiction of the courts of New South Wales, Australia, and the courts competent to hear appeals from them.

23. Contact Us

If you have any questions about these Terms, please contact us:

General enquiries: action@proactiveinvestors.com
Editorial corrections: editorial@proactiveinvestors.com
Privacy requests (Privacy Act 1988): action@proactiveinvestors.com
Legal notices: action@proactiveinvestors.com

Proactive Investors Australia Pty Ltd | Australia Site Terms and Conditions | Version 2.0 - March 2026

These Terms and Conditions supersede all previous versions. They are reviewed at minimum annually. Next review: March 2027.