COUNTERPARTY SCHEDULE

1.

A PPLICATION

1.1	This document constitutes the Counterparty
Schedule as referred to in the Conditions andapplies where the Customer is a partnership or isacting as a trustee of a trust.
1.2	The Counterparty Schedule supplements theConditions. Unless defined in this Counterparty
Schedule, capitalised terms used in theCounterparty Schedule have the meanings given
to them in the Definitions Schedule.
2.

3.

3.1	Where the Customer is acting as a trustee ofa trust in operating an Account or utilising aService, the Customer:(a)	represents and warrants to the Bank that:(i)	the trust has been validly established, isvalidly existing and the Customer has beenvalidly appointed as trustee of that trustand comprises all the trustees of the trust;(ii)	the Customer has full power and authority
as trustee to use and operate the Accountor use the Service in the manner theCustomer uses it; PERATION OF PARTNERSHIPOACCOUNT AND SERVICES

2.1	
Joint and Several Liability. Where an Account is in
the name of a partnership:(iii)	in entering into the Agreement and inusing Accounts and Services, the Customer
is at all times acting in the best interests ofthe beneficiaries of the trust; and(a)	the Agreement and all liabilities incurred in
respect of such Account or the provision of aService shall bind all the partners jointly andseverally notwithstanding any change in thecomposition or constitution of the partnership orretirement or admission of one or more partners
or otherwise;(b)	if a partner dies or retires (or if incorporated,ceases to exist), the Bank may in its sole discretion
treat the balance of the Customer’s liabilities asowned by any surviving partners; and(c)	each partner agrees to ensure that all newpartners accept liability to the Bank under and on
the terms of the Agreement and that the Bankmay treat all new partners as authorised to act
on behalf of the partnership in respect of theAgreement, an Account or a Service.
2.2

 lteration of Partnership. No alteration in theAcomposition or constitution of the partnershipfirm by death or retirement or admission of one
or more new partners or otherwise shall affectthe authority referred to in clause 1.3 of theConditions or the appointment of any Authorised
Person or Agent in any way and, unless the Bank
receives notice to the contrary in writing signedby the remaining partner(s), the Bank may, if
it deems fit, treat the remaining partner(s) as
having full power to carry on the business of thefirm and to deal with an Account and to provide
a Service as if there has been no such alteration.

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Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522.
Item No. 85938 02.2017 W570182

O PERATION OF TRUST ACCOUNTAND SERVICES(iv)	it has a right to be indemnified out of
the assets of the trust with respect to theCustomer’s obligations and liabilities underthe Agreement or transactions effected by
the Bank on the Customer’s Instructions,which rights of indemnity have not been
negated or limited in any way; and(b)agrees:(i)	not to allow the trust deed of the trust
to be amended unless the Customer has
notified the Bank in writing;(ii)	to advise the Bank of the removal,
resignation or appointment of any trusteesof the trust or of any director of a company
that is a trustee of the trust;(iii)	that upon the removal or resignation of
any trustees of the trust, the Bank maytreat the remaining trustees as having
full power to carry on the business of thetrust and to deal with an Account and touse a Service as if there has been no such
resignation; and(iv)	to ensure that all new trustees accept
the trustees’ liability to the Bank underthe Agreement and the Bank may treat
all new trustees as authorised to act
on behalf of the trust in respect of theAgreement, an Account, any Services andany related transactions.