Version 15 – Effective 6th June 2025
About Ausure
Ausure holds an Australian Financial Services Licence (“AFSL”) and is responsible for the financial services provided by its Authorised Representatives to you or your family members. The AFSL authorises Ausure to provide financial product advice and deal in financial products on behalf of others.
Ausure provides services to both Retail Clients and Wholesale Clients. The financial product classes for which Ausure is authorised include General Insurance Broking, Financial Planning, and Life Insurance.
Financial Service Licence Details
Licensee: Ausure Pty Ltd (“Ausure”)
AFSL No: 238433
ABN: 94 096 971 854
Address: L25, 324 Queen St, Brisbane Qld 4000
Postal Address: PO Box 10709 Brisbane Adelaide St, QLD 4000
Phone: 07 3319 5100
Fax: 07 3319 5160
Email: ausure@ausure.com.au
Website: www.ausure.com.au
Further details regarding Ausure’s AFSL and the authority granted to its Authorised Representatives can be found on the ASIC website. www.asic.gov.au
Ausure Pty Ltd Subscribes to and is bound by the 2022 Insurance Brokers Code of Practice, a full copy of which is available from the National Insurance Brokers Association (NIBA) website. www.niba.com.au
What is a Financial Services Guide (FSG)
The purpose of this FSG is to provide you with key information about us and the services we can provide to you. It is designed to assist you in your decision on whether to use any of our services described here, including purchasing general insurance through us. This FSG contains important information about:
- How we are paid for the services.
- Any associations or relationships that could influence the services we provide to you; and
- The dispute resolution procedures available to you and how you can access them.
- Arrangements that are in place to compensate clients for losses.
Lack of Independence
Ausure Pty Ltd and our Authorised Representatives are not independent, impartial, or unbiased in relation to the provision of personal advice. This is due to the following reasons:
- We may receive remuneration, commission, or other benefits when we provide personal advice to you about insurance products and other financial products.
- We may have relationships with issuers of insurance products and other financial products.
Further information about these benefits and relationships is set out in this Financial Services Guide. If you have any questions, please ask us.
About our Authorised Representatives
Ausure Authorised Representatives, are authorised under Ausure’s Australian Financial Services Licence (AFSL) to provide specific authorised services on behalf of Ausure. Ausure acts on your behalf, and should this change, we will provide you with details in writing.
Each individual Authorised Representative is recognised by Ausure as an experienced professional and is committed to providing quality service and advice on financial products requested by our clients.
Some Authorised Representatives may not be authorised to provide advice or deal with all the products that Ausure is licensed to provide. You can request details of individual authorisations from your representative.
Your Privacy and How You Can Communicate with Us
We maintain a record of your personal profile, including details of the products we arrange for you. We will also keep records of considerations and advice provided to you. These records, along with this and any other FSG, SOA, or PDS given to you, will be retained as required by law.
We are committed to protecting your privacy and adhere to the Australian Privacy Principles regarding the collection, use, disclosure, and handling of personal information.
If you wish to review your file, please ask us, and we will make arrangements for you to do so in accordance with our Privacy Policy.
You can communicate with us via telephone, email, facsimile, or in person, or by another agreed method.
Product Disclosure Statement (PDS)
If required, and wherever possible, we will provide you with a Product Disclosure Statement (PDS), which contains information on the product and its features to help you make an informed decision about purchasing the product.
General Advice – Retail Products
When arranging Home and Contents, Landlord, Motor, Strata, Travel, Sickness/Accident, Pleasurecraft, Caravan/Trailer or other personal property insurance, any advice provided is general advice only. We have not taken into account your personal circumstances, objectives, or financial situation. It is also based on information that we have obtained from you. You must ensure the information is accurate and complete otherwise this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs. Please read the Product Disclosure Statement and contact us if you require any clarification.
If circumstances arise where personal advice for retail products is provided, we will ensure you are aware that personal advice has been given, and we will send you document asking for your informed consent to allow us to receive commission from the insurer.
Personal Advice Limitations
Any advice we provide is based on the information we have obtained from you. As the policyholder, you are responsible for ensuring that the information we use is accurate and complete. Please carefully check all documentation and advise us of any discrepancies or issues.
Failure to do so may result in our advice being based on inaccurate or incomplete information, which could affect how your policy responds in the event of a claim. Under the Insurance Contracts Act 1984 (Cth), if you fail to disclose material information or provide misleading information, your insurer may reduce its liability, cancel the policy, or void your cover altogether. Any advice provided will only be current at the time it is given.
Risk Analysis
Where tailored personal advice is being offered, we conduct a Risk Analysis to assess and understand your needs and objectives for protecting your assets and liabilities. This process helps us tailor our advice to your specific risk profile and ensure we offer the most appropriate solutions.
Arranging Your Insurances
While cost is important, the quality of insurance cover is equally critical. We strive to arrange insurance that aligns with your risks and needs. However, we rely on you to provide accurate and complete information, and we cannot guarantee the availability of insurance or the solvency of insurers.
Who Do We Act For?
As your insurance broker, we act on your behalf in arranging and advising on insurance products.
How You Pay for the Services You Receive?
Payments for services are due directly to Ausure, as specified in the invoice. Premiums will include taxes, charges, levies, and fees, and we may receive commissions from insurers. If premiums are not paid on time, we are obligated to notify the insurer, which may result in policy cancellation.
How Commissions, Fees, or Other Benefits Are Calculated?
The insurer pays a commission based on a percentage of the premium, which varies between 0% and 38%. We may also charge a broker fee, depending on the complexity of the services provided.
Any commissions, fees, or payments related to referrals will be disclosed as required by law.
Example of Remuneration:
Base Premium: $100.00
Fire Services Levy: $30.00
GST: $13.00
Total Premium: $143.00
Commission Paid: $15.00 (15% commission)
Adviser Commission: $12.00 (80% of commission)
Premium Funding
If premium funding is arranged, we may receive a commission from the funding provider, typically between 4% of the funded premium.
Steadfast Group Limited
Ausure is a Steadfast Network Broker and has access to services such as training, technical support, and insurance arrangements. Steadfast has arrangements with some insurers and premium funders to access strategic support for which Steadfast may receive a fee.
Cooling-Off Period
Retail Clients may be entitled to a minimum 14-day cooling-off period, subject to specific terms.
Duty of Disclosure
You must disclose all relevant information to the insurer, as failure to do so may result in claims being reduced or denied.
Professional Indemnity Insurance
Ausure has a Professional Indemnity Insurance policy to cover claims arising from the provision of financial services.
Dispute Resolution Process
If you have a complaint about our services, please contact us immediately. If we are unable to resolve the issue within 1-5 business days, we will escalate the matter to Ausure Insurance Broking’s Internal Dispute Resolution team.
If your complaint is not resolved within 30 calendar days, you may contact the Australian Financial Complaints Authority (AFCA) for independent dispute resolution:
AFCA Contact Details:
Website: www.afca.org.au
Phone: 1800 931 678
Email: info@afca.org.au