Deposit Product. Terms and Conditions. 28 June 2018

Deposit Product Terms and Conditions 28 June 2018

Contents SECTION 1 About these Terms and Conditions... 3 1.1. Contact Us... 3 SECTION 2 Deposit Product General Terms and Conditions... 3 2.1. Definitions... 3 2.2. Membership of Hunter United... 5 2.3. Accounts for Minors... 5 2.4. Acceptance... 6 2.5. epayments Code... 6 2.6. Deposits... 6 2.7. Withdrawals and Account Access Facilities... 6 2.8. Fees and Charges... 6 2.9. Interest... 7 2.10. Statements... 7 2.11. Changes to Terms and Conditions... 7 2.12. Complaints and Dispute Resolution... 7 2.13. Tax Implications... 8 2.14. Information Collection and Privacy... 8 2.15. Anti-Money Laundering and Counter-Terrorism Financing ( AML )... 8 2.16. Authorised Users... 8 2.17. Inconsistency... 9 SECTION 3 Transaction and Savings Accounts... 9 3.1. Transaction and Savings Account General Terms and Conditions... 9 3.2. Premium Access Account Terms and Conditions... 9 3.3. On Call Account Terms and Conditions... 10 3.4. XLR8 Terms and Conditions... 10 3.5. e-zynet DIRECT Terms and Conditions... 10 3.6. V.I.P. Pension Account Terms and Conditions... 11 3.7. Cash Management Account Terms and Conditions... 11 SECTION 4 Premium Online Investor Account... 11 4.1. Premium Online Investor Account General Terms... 11 4.2. Deposits... 12 4.3. Withdrawals and Account Access Facilities... 12 4.4. Interest Calculations... 13 4.5. Closing Your Account... 13 SECTION 5 Retiree Online Investor Account... 13 5.1. Retiree Online Investor Account General Terms... 13 5.2. Deposits... 14 5.3. Withdrawals and Account Access Facilities... 14 5.4. Interest Calculations... 15 5.5. Closing Your Account... 15 SECTION 6 Fixed Term Deposit Account... 15 6.1. Fixed Term Deposit Account General Terms... 15 6.2. Deposits and Account Access Facilities... 15 6.3. Interest Calculations... 15 6.4. Renewals... 16 2

SECTION 1 About these Terms and Conditions These Deposit Product Terms and Conditions apply to your use of the following Hunter United Employees Credit Union Ltd ( Hunter United ) Deposit Product Accounts: Transaction Accounts: Premium Access On-Call V.I.P. Pension Cash Management Savings Accounts: XLR8 e-zynet DIRECT Investment Accounts: Premium Online Investor Retiree Online Fixed Term Deposit These Deposit Product Terms and Conditions should be read carefully and form part of the governing terms of your account along with the: Account Access Terms and Conditions; Fees and Charges Deposit Products and Account Access Facilities brochure; Interest Rate brochure that relates to your account; and Product Key Fact Sheet that relates to your account Copies of these documents can be obtained from our website www.hunterunited.com.au, from branches or by calling (02) 4941 3888. This document is correct as at the date stated above and we may change any of the information contained in this document in accordance with section 2.11 - Changes to Terms and Conditions. These terms and conditions are subject to the laws of New South Wales, Australia. 1.1. Contact Us You can contact us by visiting one of our branches, calling us on (02) 4941 3888 or writing to PO Box 851, Newcastle NSW 2300. You can also visit our website www.hunterunited.com.au. SECTION 2 Deposit Product General Terms and Conditions This section applies to all Hunter United Deposit Product Accounts and should be read in addition to the product section relevant to your account. 2.1. Definitions 2.1.1. In these Deposit Product Terms and Conditions: Account Access Facility/Facilities means the following account services we offer: Visa Debit Cards (including ATM s and eftpos) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) BPAY and BPAY View SMS Alerts HU EzyPay Cheque Books 3

PayID Osko Additional Cardholder means the person(s) who from time to time is/are issued with an additional Visa Debit Card for use on the Linked Account. AML Legislation means the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and its associated rules, regulatory guides and regulations. ATM means an automated teller machine. Authorised User means a person that you nominate to operate your account. BPAY means BPAY Pty Ltd (ABN 69 079 137 518), Level 1, 255 George Street, Sydney NSW 2000 BPAY Facility means the service we offer that allows you to pay bills from your Hunter United account through the BPAY Scheme. BPAY Scheme means the scheme provided by BPAY which governs the way in which we provide our BPAY Facility, BPAY View Facility and Osko Facility to you.. BPAY View means the service we offer that allows you to receive, view and pay your bills through the BPAY Scheme. Business Day means a day that Hunter United is open for business, excluding Saturdays, Sundays and public holidays. Cheque Facility means the service we offer that allows you to draw cheques from your account with Hunter United. Daily Balance in relation to interest calculations means the balance of the account at the time interest calculations are processed by our system which is approximately 10.00pm AEST/AEDT each day. day means a 24-hour period commencing at midnight Eastern Standard Time or Eastern Summer Time, as the case may be, in Sydney. Deposit Product Account means the following accounts we offer: Transaction Accounts: Premium Access On-Call V.I.P. Pension Cash Management Savings Accounts: XLR8 e-zynet DIRECT Investment Accounts: Premium Online Investor Retiree Online Fixed Term Deposit Direct Debit means an agreement between a customer and a business allowing the business to electronically withdraw an agreed amount from the customer's nominated bank account to pay an invoice on a date requested, at regular intervals. Direct Credit means a direct deposit of money by a payer into a payee's account. This includes NPP Payments into a payee s account. eftpos means an electronic funds transfer at point of sale. eftpos Device means a terminal which you can use to make electronic payments using a card acceptable to the merchant (for example, your Visa Debit Card). Electronic Banking Terminal means an ATM or eftpos Device. epayments Code means the epayments Code published by Australian Securities and Investment Commission as amended from time to time. Hunter United Corporate Cheque means a cheque issued by the Commonwealth Bank of Australia and drawn from our Hunter United account. HU EzyPay Facility means the service we offer that allows you to transfer funds to other financial institutions and transfer funds between Hunter United accounts. Internet Banking Facility means any services we offer from time to time through the Internet to enable you to receive information from us and to transmit instructions to us electronically, in relation to an account or other matter we specify. Linked Account in relation to a Visa Debit Card means an account (or accounts) you have with Hunter United to which you may obtain access by use of a Visa Debit Card. 4

Linked Account in relation to a Premium Online Investor Account or Retiree Online Investor Account means an account held in Australia by you with any financial institution (including us) in exactly the same name(s) as, and linked to, your Premium Online Investor Account or Retiree Online Investor Account to make deposits or withdrawals. Member, customer, you, your means the holder of the account and each of you if there is more than one account holder. It also includes: any other person authorised by you to use the Internet Banking Facility; the person that has a Linked Account with Hunter United and has been issued with a Visa Debit Card; and the account holder instructing us to make BPAY payments from time to time. Any other grammatical form of the word you has a corresponding meaning. Mobile Phone Banking means internet banking browsed from your Smartphone/mobile phone. NPP means the New Payments Platform operated by NPP Australia Limited. NPP Payment means a payment cleared and settled via the NPP and includes Osko Payments. Osko means the Osko payment service provided by BPAY. Osko Facility means the service we offer that allows you to transfer funds using Osko. Osko Payment means a payment made by or on behalf of a Payer to a Payee using Osko. PayID means any of the following, which can be linked to a financial account for the purpose of directing NPP Payments or instructions to that account: telephone number (including mobile or landline) or email address; for business customers, their ABN, ACN, ARBN or ARSN or an Organisation ID; or any other type of identifier as permitted by NPP and supported by us. PayID Facility means the service we offer that allows you to use the PayID Service. PayID Service means the payment addressing service for sending and receiving NPP Payments. SMS Alert Facility means the service we offer that allows you to receive SMS alerts to advise you of activity on your account with Hunter United. Strata Interest means different interest rates apply to different portions of your account balance. Tiered Interest means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the highest interest rate for that tier on the entire balance of your account TouchScreen Teller means the device provided by Hunter United in branch to allow customers to access Internet Banking. Visa means Visa Worldwide PTE. Limited. Visa Debit Card means a plastic debit card issued by Hunter United to enable electronic access to your Linked Account and includes all additional Visa Debit Cards issued to any Additional Cardholder. we, us, our, Hunter United means Hunter United Employees Credit Union Ltd; ABN 68087650 182 and its successors and assigns. 2.1.2. And a reference to: one gender includes the other gender; and the singular includes the plural and the plural includes the singular. 2.2. Membership of Hunter United 2.2.1. Information on membership of Hunter United is included in our Constitution published on our website. 2.3. Accounts for Minors 2.3.1. Any person over the age of 12 may apply for membership, however if you are under the age of 16 we may require a parent or guardian to consent to the issue of a Deposit Product Account or Account Access Facility. 2.3.2. The following terms and conditions govern the operation of any account opened at Hunter United that is established in trust for the benefit of a minor (being a person under 18 years of age) and should be read in conjunction with the relevant Deposit Product Account section of these terms and conditions: A trust account will only be established for persons under the age of 18 years (minors). A trust account will only continue to apply while the person remains under the age of 18 years. A trust account cannot be used as a de facto transactional account for another person. (d) We may at any time review the conduct of the account to determine if it is being used appropriately. We reserves the right to determine what we define to be appropriate conduct. (e) Trust accounts established and used appropriately will not attract the monthly Ezy fee. (f) Where the account is not being operated appropriately, or at our own discretion, the monthly Ezy fee may be applied to a trust account. (g) We reserve the right to terminate the operation of a trust account without reason by the giving of one month s notice in writing. 5

2.4. Acceptance 2.4.1. Your acceptance and agreement to comply with these terms and conditions will be taken the first time you use your account after opening it or otherwise operate or authorise the operation of your Deposit Product Account. 2.4.2. If you do not agree with these Deposit Product Terms and Conditions, do not access or use the account. 2.5. epayments Code 2.5.1. We warrant that we will comply with the requirements of the epayments Code, where those requirements apply to your dealings with us. 2.6. Deposits 2.6.1. Various deposit methods are available at Hunter United: Cash deposit in person at a branch; Cheque deposit in person at a branch or by post; Direct Credit - direct transfer of money into your account including NPP Payments; or (d) Ezy Debit Request - a signed agreement between you and Hunter United to electronically withdraw an amount, on an agreed date/s, from your account at another Financial Institution for deposit to your account at Hunter United. Please refer to the Ezy Debit Request Service Agreement available in branch or by calling (02) 4941 3888 for more details and terms. 2.6.2. Consult your Product Key Fact Sheet and relevant product section of these terms and conditions to determine which deposit methods are permitted on your account. 2.6.3. Consult your Product Key Fact Sheet and relevant product section of these terms and conditions to determine what deposit limits, if any, your account has. 2.7. Withdrawals and Account Access Facilities 2.7.1. Various withdrawal methods are available at Hunter United: Cash Withdrawal in person at a branch. Limits apply: see Fees and Charges - Deposit Product and Account Access Facilities brochure for details; Direct Debit - an agreement between you and a business/direct debit supplier allowing the business/direct debit supplier to electronically withdraw an agreed amount from your Hunter United account to pay an invoice on a date requested, at regular intervals. We will determine the order in which payments are paid. To stop an individual Direct Debit payment, you must provide written instructions to us setting out full details of the Direct Debit at least three (3) Business Days before the next payment is made. You must also instruct any direct debit supplier to cancel all future Direct Debit payments without delay. Please refer to the direct debit supplier for more information; Corporate Cheque by signed written request in person at a branch, by fax, emailed scan or post. Please refer to the Corporate Cheque section of our Account Access Terms and Conditions for more information including how to stop Corporate Cheques.; or (d) Via an Account Access Facility (Limits apply: see Fees and Charges - Deposit Product and Account Access Facilities brochure for details): i. Visa Debit Cards (including ATM s and eftpos); ii. iii. iv. Internet Banking (including Mobile Phone Banking and Touchscreen Teller); BPAY and BPAY View; SMS Alerts; v. HU EzyPay; vi. Cheque Book; vii. Osko 2.7.2. Consult your Product Key Fact Sheet and relevant product section of these terms and conditions to determine withdrawal methods and Account Access Facilities permitted on your account. 2.7.3. Consult your Product Key Fact Sheet, relevant product section of these terms and conditions and the Fees and Charges - Deposit Product and Account Access Facilities brochure to determine what withdrawal limits, if any, your account has. 2.7.4. If your account permits the addition of an Account Access Facility please read our Account Access Terms and Conditions. 2.8. Fees and Charges 2.8.1. All fees and charges applicable to Deposit Product Accounts are included in our Fees and Charges Deposit Products and Account Access Facilities brochure. 6

2.8.2. These fees and charges may change from time to time and you will be notified of fee changes relating to Deposit Product Accounts in accordance with section 2.11. 2.8.3. If you consider that we have incorrectly charged you a fee or charge, you may dispute this by contacting us in accordance with section 2.12. Any incorrectly charged fee or charge will be reversed by us. 2.8.4. Our Reward Rebate Program enables you to have eligible fees rebated if you hold a loan with us or have combined loans and savings with us of $20,000 or more. Please see the Fees and Charges Deposit Products and Account Access Facilities brochure for details. 2.9. Interest 2.9.1. Current interest rates applicable to Deposit Product Accounts are included in our Savings and Transaction Accounts Interest Rates brochure and Fixed Term Deposits Interest Rates brochure. 2.9.2. Consult your account s Product Key Fact Sheet and the relevant section of these terms and conditions for the interest calculation method, interest payment schedule and other interest conditions for your account. 2.10. Statements 2.10.1. We will issue you with a statement of account quarterly. 2.10.2. Accounts with a Cheque Book Facility attached can make a written request at time of application or later for monthly statements. 2.10.3. You must carefully examine all statements supplied by us and promptly advise us in writing of any error contained in a statement. 2.10.4. In the absence of a manifest error, our records shall be conclusive evidence of the matters to which they relate. 2.11. Changes to Terms and Conditions 2.11.1. We reserve the right to change these Deposit Product Terms and Conditions at any time. 2.11.2. If you retain and use your Deposit Product Account after notification of any changes we have made to these terms and conditions, your use of your Deposit Product Account shall indicate your acceptance of the variation and be subject to those changes. 2.11.3. If we do so, we will notify you: at least 30 days before we introduce new fees or charges, or change the method of interest calculation or frequency of interest payment. no later than the day we change other terms and conditions which increase your obligations. In our next contact with you after increasing interest rates, or otherwise reducing your obligations. 2.11.4. We may notify you of changes described in section 2.11.3 or through: a letter to your last known address; an email to your email address last notified to us; or notices on, or sent with account statements. In addition, we may also place notices: on Electronic Banking Terminals, in branches, in press advertisements and/or on our website. 2.11.5. We may notify you of changes described in section 2.11.3 through: notices on, or sent with account statements; or notices on Electronic Banking Terminals, in branches, in press advertisements and/ or on our website. 2.11.6. You will be deemed to have received a written notice on the second day after the mailing of the letter or account statement. 2.11.7. For joint accounts we will provide one copy of the written notice addressed to the membership name and membership mailing address. 2.12. Complaints and Dispute Resolution 2.12.1. We encourage you to raise your concerns in the first instance with one of our retail branch managers, who can be contacted on (02) 4941 3888. 2.12.2. If you re not satisfied with the outcome you can then raise your concern as a complaint via our dispute resolution team. Please email your complaint to us at complaints@hunterunited.com.au or ask one of our staff on (02) 4941 3888 to lodge the complaint for you. 2.12.3. If your complaint is immediately settled to your satisfaction or if it is settled to your satisfaction within 5 Business Days of receiving the relevant details from you, we can advise you of the outcome of your complaint by means other than in writing. If you wish, you may request that Hunter United provides you with a written response. 2.12.4. Where the complaint cannot be resolved immediately, it will be fully investigated by the Risk & Compliance department and this review may take up to twenty-one (21) Business Days. 2.12.5. We will write to you within two (2) Business Days requesting additional information if needed. If 7

you have not responded to this request within ten (10) Business Days, we will follow up with another written request. If you do not respond to this subsequent request within ten (10) Business Days we will advise you that no further action will be taken. 2.12.6. Should there be exceptional circumstances causing a delay we will advise you. 2.12.7. Within 21 days of receiving all relevant details from you, we will: advise you in writing of the results of our investigations; or advise you in writing that we require further time (not exceeding a further 24 days) to complete our investigation. 2.12.8. An investigation will continue beyond 45 days only in exceptional circumstances, for example, if there are delays caused by other financial institutions or merchants involved in resolving the complaint or in circumstances where we investigate the relevant transaction under the relevant scheme rules that apply (for example, Visa s scheme rules). 2.12.9. If we find an error was made, we will make the appropriate adjustments to your account including interest and charges (if any) and will advise you in writing of the amount of the adjustment. 2.12.10. If we do not give a final decision on the matter within 45 days, we will advise you in writing about the option of taking the matter to our External Dispute Resolution ( EDR ) Scheme. 2.12.11. When we advise you of the outcome of our investigations, we will give you reasons in writing for our decision and advise you that you can refer any unsatisfactory decisions to our EDR Scheme. 2.12.12. You can lodge a dispute with our EDR Scheme, the Financial Ombudsman Service ( FOS ). Contact details for FOS: GPO Box 3, Melbourne, VIC 3001; Telephone: 1800 367 287 (free call); or www.fos.org.au. 2.13. Tax Implications 2.13.1. Hunter United will ask for your tax file number when you open an account. You are not required to give your tax file number however, under the law, if you choose not to provide your tax file number, we may be required to deduct the withholding tax from any interest you earn on the account. 2.13.2. The government sets the withholding tax rate and may vary it at any time. 2.13.3. Hunter United is required to report details of income earned, withholding tax deducted and tax file number quoted to the Australian Tax Office. We are not liable if the Australian Tax Office requires a deduction for an incorrect amount. 2.14. Information Collection and Privacy 2.14.1. Hunter United is bound by the Australian Privacy Principles under the Privacy Act 1988 (Cth) ( Privacy Act ). 2.14.2. Our Privacy Policy outlines how we deal with your personal information; how you may access and seek correction of that personal information; and how you may complain about a breach of the Australian Privacy Principles. 2.14.3. Our Privacy Policy is available from our website or from any branch of Hunter United. 2.15. Anti-Money Laundering and Counter-Terrorism Financing ( AML ) 2.15.1. Hunter United is bound by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) ( AML Act ). 2.15.2. You agree that: where required, you will provide to us all information reasonably requested by us in order for us to comply with the fraud monitoring and anti-money laundering and counter terrorism financing obligations imposed on us pursuant to the AML Legislation; we may be legally required to disclose information about you to regulatory and/or law enforcement agencies; we may block, delay, freeze or refuse any transactions where we, in our sole opinion, consider reasonable grounds exist to believe that the relevant transactions are fraudulent, in breach of the AML Legislation or any other relevant law; (d) where transactions are blocked, delayed, frozen or refused by us in accordance with this section, you agree that Hunter United is not liable for any loss suffered by it, you, or other third parties arising directly or indirectly as a result of us taking this action; and (e) we will monitor all transactions that arise pursuant to your use of a Deposit Product Account in accordance with our obligations imposed by the AML Legislation. 2.16. Authorised Users 2.16.1. You may nominate one or more other people to operate your account. You will remain liable for any actions performed by an Authorised User. You should ensure that any Authorised User has read and complies with these terms and conditions and the Account Access Terms and Conditions. 8

2.16.2. You may revoke the authority of an Authorised User at any time by providing us with a written request. If authority is revoked, you must make reasonable efforts to recover or destroy any Visa Debit Cards or Cheque books issued to the Authorised User. 2.17. Inconsistency 2.17.1. Should there be an inconsistency between these terms and conditions and other terms governing your account that relate to Deposit Product Accounts, these terms and conditions prevail. 2.17.2. Should there be an inconsistency between these terms and conditions and other terms governing your account that do not relate to Deposit Product Accounts, the other terms and conditions prevail. 2.17.3. These terms and conditions apply except to the extent that they are contrary to any applicable legislation, the epayments Code, Consumer Credit Code or any relevant industry code of practice. 2.17.4. If any part of these terms and conditions is illegal, invalid or unenforceable at law, the rest of these terms and conditions are to be read so as to exclude any such part and will remain enforceable to their fullest extent. SECTION 3 Transaction and Savings Accounts This section applies only to Transaction Accounts and Savings Accounts and should be read in addition to Section 2 General Terms. 3.1. Transaction and Savings Account General Terms and Conditions 3.1.1. We will calculate interest by multiplying the Daily Balance of your account by the interest rate, divided by 365. 3.1.2. We may, at our discretion, combine your accounts by charging - your shares in Hunter United; and the credit balance of any deposit account you have with us; and any dividend, interest, bonus or rebate payable to you; for any debt owed by you to us. 3.1.3. Hunter United will inform you after exercising its right to combine accounts held in the name (or names) of the member. In exercising its right to combine accounts, Hunter United will comply with any requirements of the Centrelink Code of Operations. 3.1.4. We may close any of your Transaction Accounts or Savings Accounts even though the account may have a credit balance. We will give you 14 days notice before doing so and will repay any credit balance. 3.1.5. You agree not to overdraw your account unless you have been approved for an overdraft. 3.1.6. We may, at our discretion, honour a cheque, periodical payment, fee owed to us, debit card transaction or direct debit and overdraw your account. If your account becomes overdrawn for any reason, immediate repayment is required and we may charge you a fee and interest at our overdraft rate on the overdrawn amount as well as any reasonable legal fees we incur in obtaining the amount from you. 3.1.7. A joint account is an account in the name of more than one person. If you open a joint account with another person, you will be jointly liable for any money that you or the other person owes on the account. You will be required to give us written instructions about how you wish to be able to withdraw funds from the joint account. You will be able to vary those instructions, but only if all signatories to the account agree. You should ask us how to vary the instructions. All funds will be held in joint tenancy and if one of the parties should die, any balance in these accounts shall accrue in accordance with the law on survivorship for the time being in New South Wales. 3.2. Premium Access Account Terms and Conditions 3.2.1. You must complete an application form to establish a Premium Access Account. 3.2.2. The monthly Ezy fee does not apply to this account 3.2.3. The interest rate is variable and calculated on the Daily Balance. 3.2.4. Interest is paid twice yearly, May and November. 3.2.5. Minimum $2,000 is required to be deposited each month (via Direct Credit) to be entitled to 5 free ATM withdrawals via a Hunter United ATM per month and 10 free eftpos transactions per month. If the minimum deposit requirement is not achieved charges for each and every ATM and EFTPOS transaction will apply. 3.2.6. The Premium Access Account allows deposits via internal transfer or Direct Credit only. 3.2.7. You can attach a PayID to your Premium Access Account to receive NPP Payments. 3.2.8. The Premium Access Account allows withdrawals via cash in branch, Corporate Cheque, Direct Debit and permits the attachment of the following Account Access Facilities: 9

(d) (e) (f) (g) Visa Debit Cards (including ATM s and eftpos) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) BPAY and BPAY View SMS Alerts HU EzyPay Cheque Book Osko 3.3. On Call Account Terms and Conditions 3.3.1. You must complete an application form to establish an On-Call Account. 3.3.2. The interest rate is variable and calculated on the Daily Balance. 3.3.3. Interest is paid twice yearly, May and November. 3.3.4. The On Call Account allows deposits via cash in branch, cheque, internal transfer or Direct Credit. 3.3.5. You can attach a PayID to your On Call Account to receive NPP Payments. 3.3.6. The On Call Account allows withdrawals via cash in branch, Corporate Cheque, Direct Debit and permits the attachment of the following Account Access Facilities: (d) (e) (f) (g) Visa Debit Cards (including ATM s and eftpos) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) BPAY and BPAY View SMS Alerts HU EzyPay Cheque Book Osko 3.4. XLR8 Terms and Conditions 3.4.1. You must complete an application form to establish an XLR8 Savings Account. 3.4.2. Instructions for a recurring deposit of at least $50 per month must accompany the application. The recurring deposit must be in the form of an Ezy Debit Request, payroll deduction or HU EzyPay. 3.4.3. A minimum of $50 must be deposited into the account and no withdrawals or transfers made from the account during each month or interest is forfeited for that month. 3.4.4. The interest rate is variable and calculated on the Daily Balance. 3.4.5. Interest is paid monthly on the last working day of each month to the XLR8 Savings Account. 3.4.6. Interest credited to the XLR8 Savings Account is not considered to be part of the minimum deposit requirement. 3.4.7. Maximum investment is $250,000. 3.4.8. If a withdrawal or transfer is made from this account after 8.00pm on the last day of the month then the forfeited interest will apply to the following month. 3.4.9. The XLR8 Account allows deposits via cash in branch, cheque, internal transfer or Direct Credit. 3.4.10. You can attach a PayID to your XLR8 Account to receive NPP Payments. 3.4.11. The XLR8 Account allows withdrawals via cash in branch, Corporate Cheque, Direct Debit and permits the attachment of the following Account Access Facilities: Internet Banking (including Mobile Phone Banking and Touchscreen Teller) to enable you to transfer funds to a Hunter United Transaction account only. 3.5. e-zynet DIRECT Terms and Conditions 3.5.1. You must complete an application form to establish an e-zynet DIRECT Account. 3.5.2. You must hold a transaction account under the same membership. 3.5.3. The interest rate is variable and calculated on the Daily Balance. 3.5.4. Interest is paid monthly on the last working day of each month to the account 3.5.5. Your e-zynet DIRECT account cannot be used as a fall back facility for other accounts or Account Access Facilities that have insufficient funds. 3.5.6. Maximum investment is $500,000. 3.5.7. A withdrawal from your account may only be made electronically to your Hunter United transaction account by Internet Banking. 3.5.8. The e-zynet DIRECT Account allows deposits via cash in branch, cheque, internal transfer or Direct Credit. 3.5.9. You can attach a PayID to your e-zynet DIRECT Account to receive NPP Payments. 3.5.10. The e-zynet DIRECT Account allows withdrawals via and permits the attachment of the following Account Access Facilities: Internet Banking (including Mobile Phone Banking and Touchscreen Teller) to enable you to transfer funds to your Hunter United Transaction account only. 10

3.6. V.I.P. Pension Account Terms and Conditions 3.6.1. You must complete an application form to establish a V.I.P. Pension Account. 3.6.2. You must provide proof of entitlement for a V.I.P. Pension Account to be opened. Conditions of entitlement are included in the V.I.P. Pension Account Product Key Fact Sheet. 3.6.3. Interest is calculated on the Daily Balance. 3.6.4. Interest is paid monthly on the last day of each month to your account. 3.6.5. Where no government or superannuation pension payments have been received for 12 months, you will no longer be eligible to hold the V.I.P. Pension Account. 3.6.6. The V.I.P. Pension Account allows deposits via cash in branch, cheque, internal transfer or Direct Credit. 3.6.7. You can attach a PayID to your V.I.P. Pension Account to receive NPP Payments. 3.6.8. The V.I.P. Pension Account allows withdrawals via cash in branch, Corporate Cheque, Direct Debit and permits the attachment of the following Account Access Facilities: (d) (e) (f) (g) Visa Debit Cards (including ATM s and eftpos) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) BPAY and BPAY View SMS Alerts HU EzyPay Cheque Book Osko 3.7. Cash Management Account Terms and Conditions 3.7.1. You must complete an application form to establish a Cash Management Account. 3.7.2. Minimum opening balance is $5,000. 3.7.3. Interest rate is variable and calculated on the Daily Balance. 3.7.4. The Cash Management Account has Tiered Interest with interest calculated on the whole balance using the applicable higher tiered rate. 3.7.5. Interest is paid quarterly on the last day of each financial quarter. 3.7.6. The Cash Management Account allows deposits via cash in branch, cheque, internal transfer or Direct Credit. 3.7.7. You can attach a PayID to your Cash Management Account to receive NPP Payments. 3.7.8. The Cash Management Account allows withdrawals via cash in branch, Corporate Cheque, Direct Debit and permits the attachment of the following Account Access Facilities: (d) (e) (f) (g) Visa Debit Cards (including ATM s and eftpos) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) BPAY and BPAY View SMS Alerts HU EzyPay Cheque Book Osko. SECTION 4 Premium Online Investor Account This section applies only to Premium Online Investor Accounts and should be read in addition to Section 2 General Terms. 4.1. Premium Online Investor Account General Terms 4.1.1. You must be an Australian citizen aged 18 or older. 4.1.2. For personal accounts only, if the account is opened by a Trustee for the purpose of a trust or self-managed super fund, additional documentation such as a certified trust deed must be provided to Hunter United. 4.1.3. The maximum permitted account balance is $500,000 4.1.4. Not available to business or company accounts. 4.1.5. You must provide a Linked Account with your application to open and operate your Premium Online Investor Account. Your Linked Account must be held in Australia by you with any financial institution (including us) in exactly the same name(s) as your Premium Online Investor Account. 4.1.6. You may change your Linked Account at any time. 11

4.1.7. If you close your Linked Account, you won t be able to make a new Linked Account transfer until you provide a new Linked Account. 4.1.8. We have the right at any time and for any reason to refuse any transaction to and from your account. We may also have the right to freeze your account for any reason and at any time. The refusing or freezing of an account may cause delays. 4.1.9. Any profanity which appears on a transaction narrative may be removed by us at our sole discretion. 4.1.10. You must supply the documents, information and authorisations we require (including, without limitation, an application form) for the purposes of opening and maintaining the account. 4.1.11. You must supply a valid personal email address and Australian mobile number. If you change your email address or mobile number you must inform us immediately of the change. 4.1.12. We reserve the right to block access to and/or restrict the operation of your account for any reason. We will notify you if we do so. We may be precluded by law from giving you a reason as to why we have we have taken this action. 4.1.13. Where we deem necessary we may reject an application for an account. 4.1.14. Where requested you must supply Hunter United with any additional information we require to open your account. If you do not provide us with the additional information we reserve the right to not open and or close any account. 4.1.15. Only one account per person will be permitted. 4.1.16. We may, at any time and without notice to you: Combine or consolidate any or all of your accounts with us (including the Account); and/ Or Apply any credit balances in any accounts with us (including the Account) against or in satisfaction of all or any of your liabilities to us or any other member of the Group. If we do, the amount in any account you have with us may reduce. 4.1.17. Our rights with respect to any account shall not be affected by your death or legal incapacity. 4.1.18. You must at all times maintain a positive balance in your account. We will not pay any transactions which would overdraw your account. 4.1.19. If an account is in more than one person's name, each of you agrees that each person may use the account and have access to account information without any other account holders consent. 4.1.20. Where an account is in the name of more than one person, the following applies: There is a maximum 2 persons per joint account; (d) (e) (f) (g) The credit balance in the account will be held jointly by all of you - this means that each of you separately, and all of you together, have the right to all of the available funds in the account; if the account at any time has a debit balance, then all of you together and each of you individually, will be liable to repay the whole of the debit balance, and any other amounts payable under the terms and conditions applying to the account; as the account can be accessed only through Internet Banking, you each agree that you are each authorised to operate the account alone; each of you must comply with the terms and conditions as if the account were in one name alone; if one of you dies, we may treat the account as owned by the surviving accountholder; we can send notices, statements, and other documents (including any notifying changes to the terms and conditions) by mailing them to any of you and they will be taken to have been given to all of you; and (h) if we become aware of a dispute between you, we may decide not to operate the account until all of you have signed an authority for us to act. 4.1.21. You must tell us either in writing or by coming into a branch if you change your residential, postal or email address. 4.2. Deposits 4.2.1. The minimum opening deposit is $5,000 4.2.2. You cannot deposit cash directly into your account. 4.2.3. The Premium Online Investor Account allows deposits via cheque, internal transfer, Ezy Debit Request or Direct Credit. 4.2.4. You can attach a PayID to your Premium Online Investor Account to receive NPP Payments from your Linked Account only. 4.3. Withdrawals and Account Access Facilities 4.3.1. A withdrawal from your account may only be made electronically to your Linked Account by Internet Banking. 4.3.2. There is no minimum amount of withdrawal. 4.3.3. The daily default limit is $5,000. The daily limit applies on a membership basis and as such all accounts under that membership are subject to an aggregated limit of $5,000. Requests to increase the daily limit will be processed by close of business the next Business Day. 4.3.4. If, during any month you close your account or make a withdrawal from your account, no interest 12

will be payable for that month. 4.3.5. The Premium Online Investor Account allows withdrawals via and permits the attachment of the following Account Access Facilities: (d) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) SMS Alerts HU EzyPay Osko 4.4. Interest Calculations For the purposes of making transfers to your Linked Account only. 4.4.1. If during any month you close your account or you make any withdrawals from your account, no interest will be payable for that month. 4.4.2. The current interest rates applicable to Premium Online Investor Account is published in in our Savings and Transaction Accounts Interest Rates brochure. 4.4.3. The interest rate is a variable rate which is set by us and may change at any time. 4.4.4. Interest is calculated on the Daily Balance in your account. 4.4.5. Interest is payable monthly in arrears by crediting your account. 4.4.6. If we incur any government tax, duty or other charge imposed by law in respect of the account or its operation, you must pay us an amount equal to the charge calculated in accordance with the methods prescribed from time to time by the relevant legislation. You authorise us to debit any such amount to the account. 4.5. Closing Your Account 4.5.1. We reserve the right to close your account for any reason. We will notify you in writing if we do so. 4.5.2. You may close your account at any time, however, we reserve the right not to close your account if there are any liabilities owing to us. 4.5.3. No interest is paid for the month in which you close your account. 4.5.4. Any part of an account balance that is not available funds at the time of a request to close your account will not be available until the funds are cleared. 4.5.5. Upon the closure of your account by us, all liabilities owing to us in relation to the account shall become immediately due and payable. All applicable terms and conditions shall continue in full force and effect until all those liabilities have been fully discharged. SECTION 5 Retiree Online Investor Account This section applies only to Retiree Online Investor Accounts and should be read in addition to Section 2 General Terms. 5.1. Retiree Online Investor Account General Terms 5.1.1. You must at least 55 years of age. 5.1.2. For personal accounts only, if the account is opened by a Trustee for the purpose of a trust or self-managed super fund, additional documentation such as a certified trust deed must be provided to Hunter United. 5.1.3. The maximum permitted account balance is $500,000 5.1.4. Not available to business or company accounts. 5.1.5. You must provide a Linked Account with your application to open and operate your Retiree Online Investor Account. Your Linked Account must be held in Australia by you with any financial institution (including us) in exactly the same name(s) as your Retiree Online Investor Account. 5.1.6. You may change your Linked Account at any time. 5.1.7. If you close your Linked Account, you won t be able to make a new Linked Account transfer until you provide a new Linked Account. 5.1.8. We have the right at any time and for any reason to refuse any transaction to and from your account. We may also have the right to freeze your account for any reason and at any time. The refusing or freezing of an account may cause delays. 5.1.9. Any profanity which appears on a transaction narrative may be removed by us at our sole discretion. 5.1.10. You must supply the documents, information and authorisations we require (including, without limitation, an application form) for the purposes of opening and maintaining the account. 5.1.11. You must supply a valid personal email address and Australian mobile number. If you change your email address or mobile number you must inform us immediately of the change. 5.1.12. We reserve the right to block access to and/or restrict the operation of your account for any 13

reason. We will notify you if we do so. We may be precluded by law from giving you a reason as to why we have we have taken this action. 5.1.13. Where we deem necessary we may reject an application for an account. 5.1.14. Where requested you must supply Hunter United with any additional information we require to open your account. If you do not provide us with the additional information we reserve the right to not open and or close any account. 5.1.15. Only one account per person will be permitted. 5.1.16. We may, at any time and without notice to you: Combine or consolidate any or all of your accounts with us (including the Account); and/ Or Apply any credit balances in any accounts with us (including the Account) against or in satisfaction of all or any of your liabilities to us or any other member of the Group. If we do, the amount in any account you have with us may reduce. 5.1.17. Our rights with respect to any account shall not be affected by your death or legal incapacity. 5.1.18. You must at all times maintain a positive balance in your account. We will not pay any transactions which would overdraw your account. 5.1.19. If an account is in more than one person's name, each of you agrees that each person may use the account and have access to account information without any other account holders consent. 5.1.20. Where an account is in the name of more than one person, the following applies: There is a maximum 2 persons per joint account; (d) (e) (f) (g) The credit balance in the account will be held jointly by all of you - this means that each of you separately, and all of you together, have the right to all of the available funds in the account; if the account at any time has a debit balance, then all of you together and each of you individually, will be liable to repay the whole of the debit balance, and any other amounts payable under the terms and conditions applying to the account; as the account can be accessed only through Internet Banking, you each agree that you are each authorised to operate the account alone; each of you must comply with the terms and conditions as if the account were in one name alone; if one of you dies, we may treat the account as owned by the surviving accountholder; we can send notices, statements, and other documents (including any notifying changes to the terms and conditions) by mailing them to any of you and they will be taken to have been given to all of you; and (h) if we become aware of a dispute between you, we may decide not to operate the account until all of you have signed an authority for us to act. 5.1.21. You must tell us either in writing or by coming into a branch if you change your residential, postal or email address. 5.2. Deposits 5.2.1. The minimum opening deposit is $5,000 5.2.2. You cannot deposit cash directly into your account. 5.2.3. The Retiree Online Investor Account allows deposits via cheque, internal transfer, Ezy Debit Request or Direct Credit. 5.2.4. You can attach a PayID to your Premium Online Investor Account to receive NPP Payments from your Linked Account only. 5.3. Withdrawals and Account Access Facilities 5.3.1. If, during any month you close your account or make two (2) or more withdrawals from your account, no interest will be payable for that month. 5.3.2. A withdrawal from your account may only be made electronically to your Linked Account by Internet Banking. 5.3.3. There is no minimum amount of withdrawal. 5.3.4. The daily default limit is $5,000. The daily limit applies on a membership basis and as such all accounts under that membership are subject to an aggregated limit of $5,000. Requests to increase the daily limit will be processed by close of business the next Business Day. 5.3.5. The Retiree Online Investor Account allows withdrawals via and permits the attachment of the following Account Access Facilities: (d) Internet Banking (including Mobile Phone Banking and Touchscreen Teller) SMS Alerts HU EzyPay Osko For the purposes of making transfers to your Linked Account only. 14

5.4. Interest Calculations 5.4.1. If, during any month you close your account or make two (2) or more withdrawals from your account, no interest will be payable for that month. 5.4.2. The current interest rates applicable to Retiree Online Investor Account is published in in our Savings and Transaction Accounts Interest Rates brochure. 5.4.3. The interest rate is a variable rate which is set by us and may change at any time. 5.4.4. Interest is calculated on the Daily Balance in your account. 5.4.5. Interest is payable monthly in arrears by crediting your account. 5.4.6. If we incur any government tax, duty or other charge imposed by law in respect of the account or its operation, you must pay us an amount equal to the charge calculated in accordance with the methods prescribed from time to time by the relevant legislation. You authorise us to debit any such amount to the account. 5.5. Closing Your Account 5.5.1. We reserve the right to close your account for any reason and will notify you in writing if we do. 5.5.2. You may close your account at any time, however, we reserve the right not to close your account if there are any liabilities owing to us. 5.5.3. No interest is paid for the month in which you close your account. 5.5.4. Any part of an account balance that is not available funds at the time of a request to close your account will not be available until the funds are cleared. 5.5.5. Upon the closure of your account by us, all liabilities owing to us in relation to the account shall become immediately due and payable. All applicable terms and conditions shall continue in full force and effect until all those liabilities have been fully discharged. SECTION 6 Fixed Term Deposit Account This section applies only to Fixed Term Deposit Accounts and should be read in addition to Section 2 General Terms. 6.1. Fixed Term Deposit Account General Terms 6.1.1. For minimum balance requirements, terms and interest rates please refer to our Fixed Term Deposit Interest Rate brochure available from our website or in branch. 6.1.2. We will confirm the opening and closing of your Fixed Term Deposit Account. 6.1.3. There are no account keeping fees on Fixed Term Deposit Accounts. 6.1.4. Funds being redeemed will be available on the date of maturity. 6.1.5. Although you may withdraw your funds at any time by written request, you acknowledge that funds are deposited on the understanding that they are not withdrawn before the maturity date. If you do withdraw before the maturity date, a reduced interest rate will apply (the On-Call Account rate current at time of withdrawal). 6.1.6. We may appropriate the credit balance of any of your accounts towards repayment of a debt that you may owe us. We will notify you promptly after doing so. 6.2. Deposits and Account Access Facilities 6.2.1. The Fixed Term Deposit Account allows initial deposits via cash in branch, cheque, internal transfer or Ezy Debit. 6.2.2. The amount of deposit can only be increased on maturity. 6.2.3. No transactions (deposits or withdrawals) are allowed on Fixed Term Deposit Accounts during their term. 6.2.4. The Fixed Term Deposit Account permits the attachment of the following Account Access Facilities: 6.3. Interest Calculations Internet Banking (including Mobile Phone Banking and Touchscreen Teller) For the purposes of viewing your Account only. 6.3.1. Interest will be paid in accordance with the signed application agreement. 6.3.2. The interest rate will not vary during the term of the deposit. 6.3.3. Interest will be calculated from the date of lodgement of the Fixed Term Deposit Account. 6.3.4. We will calculate interest by multiplying the Daily Balance of your account by the annual interest rate, divided by 365. 6.3.5. If you withdraw your funds before the maturity date, a reduced interest rate will apply (the On- Call Account rate current at time of withdrawal). 15