T. Rowe Price Australia Limited

Financial Services Guide

Date: March 2024

Purpose of this Financial Services Guide
This Financial Services Guide (FSG) is issued by T. Rowe Price Australia Limited (T. Rowe Price) andis designed to assist you in deciding whether to use any of the financial services offered by T. RowePrice (‘we’, ‘our’ or ‘us’) under our Australian Financial Services Licence (AFSL).
This FSG applies to you if you are a retail client as defined by the Corporations Act 2001 (Cth)(Corporations Act).
About T. Rowe Price
T. Rowe Price is a subsidiary of T. Rowe Price International Ltd which is ultimately owned by theBaltimore-based T. Rowe Price Group, Inc. (T. Rowe Price Group), a global investment
management organisation. T. Rowe Price Group provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors,
retirement plans and financial intermediaries.
T. Rowe Price’s business is well established and diversified across institutional and financial
intermediary clients. T. Rowe Price acts as the investment manager and primary distributor of a numberof registered managed investment schemes issued by Equity Trustees Limited ABN 46 004 031 298.
Financial services of T. Rowe Price
We are authorised under our AFSL to carry on a financial services business to:I.

provide financial product advice to wholesale clients only for the following classes of financial products:
a. deposit and payment products limited to:i.

basic deposit products;ii.

deposit products other than basic deposit products;

b. derivatives;c.

foreign exchange contracts;

d. debentures, stocks or bonds issued or proposed to be issued by a government;e. interests in managed investment schemes excluding investor directed portfolio services; andf.
II.

securities; andprovide general financial product advice to retail and wholesale clients for the following classes
offinancial products:
a. deposit and payment products limited to:i.

basic deposit products;ii.

deposit products other than basic deposit products;

b. derivatives;c.

foreign exchange contracts;

d. debentures, stocks or bonds issued or proposed to be issued by a government;
e. interests in managed investment schemes excluding investor directed portfolio services; andf. securities; andIII.

deal in a financial product by:a. issuing, applying for, acquiring, varying or disposing of a financial product to wholesale clients only
inrespect of the following classes of financial products:i.

derivatives;

ii.

foreign exchange contracts; andiii. interests in managed investment schemes excluding investor directed portfolio services; andb. applying for, acquiring, varying or disposing of a financial product on behalf of another person
toretail and wholesale clients in respect of the following classes of products:i.

deposit and payment products limited to:
1. basic deposit products;
2. deposit products other than basic deposit products;ii.

derivatives;

iii. foreign exchange contracts;
iv. debentures, stocks or bonds issued or proposed to be issued by a government;v.

interests in managed investment schemes excluding investor directed portfolio services; andvi. securities
However, for retail clients, T. Rowe Price is only expected to be providing general financial productadvice. Therefore, your dealings with us will primarily be through your financial adviser or your platform
provider.
Documents for retail clients
Before acquiring interests in any financial product that T. Rowe Price acts as the investment manager
and distributor, you should refer to the product disclosure statement (PDS) of the product available athttps://www.troweprice.com/individual-investor/au/en/home.html. The PDS will contain important
information to help you make an informed decision about the product such as the costs, fees andcharges and any significant benefits and risks of the product.
A Statement of Advice (SOA) is required to be given to you when you are provided with any personal
financial product advice which takes into account your objectives, financial situation and needs. We do
not provide personal financial product advice to retail clients. Therefore, we will not provide you with anSOA. We recommend that you obtain advice addressed to your individual objectives, financial situationand needs from a licensed financial adviser before you make an investment decision.

Remuneration
If T. Rowe Price is the investment manager of a financial product that you are invested in, then we will
receive management fees from that product. These are generally set out in the PDS for the product.
There are no commissions or fees payable to T. Rowe Price directly for any general advice or service
delivered to you. Employees of T. Rowe Price Group receive a salary and may receive bonuses andother benefits from time to time at no additional cost to you.
You may receive advice about products managed by T. Rowe Price from financial advisers. Youradviser is required to set out their remuneration in the FSG and SOA that they give to you. If you havean ongoing fee arrangement with your financial adviser then they must also provide you with a fee
disclosure statement on an annual basis.
Related parties
We may enter into transactions with, and use the services of, any related parties. It is our policy toensure that such arrangements are on arm’s length commercial terms. T. Rowe Price or any relatedparties or any director or employee of T. Rowe Price Group may invest in any financial product wemanage.
Conflicts of interest
Potential conflicts may occasionally arise between the interests of our clients, ourselves and our relatedparties and other parties (including service providers appointed by us). We have statutory and common
law fiduciary duties to manage conflicts of interest, act in the interests of our clients and, if there is aconflict, give priority to our clients’ interests.
We have policies, procedures and organisational arrangements in place to manage conflicts of interest.
Our Board is responsible for the management and resolution of conflicts of interest arising in relation tothe operation of our services.
Compensation arrangements
Under section 912B of Corporations Act, we are required to have arrangements for compensating retailclients for any loss or damage suffered by those clients because of breaches of our obligations underthe AFSL. T. Rowe Price has insurance policies in place which covers professional indemnity and issatisfied with the adequacy of the arrangements. The insurance cover available to T. Rowe Priceextends to include losses arising from the conduct of former employees or representatives of T. RowePrice (which occurred during their employment with, or service for T. Rowe Price) as if those persons
were still employed by, or were still representatives of, T Rowe. Price.
Privacy
We take reasonable steps to ensure that personal information about you that we collect, use or disclose
is accurate, complete and up to date. All personal information collected will be handled in accordancewith our Privacy Policy as well as the Privacy Act 1988 and its amendments.

You can request access to your personal information or a copy of our Privacy Policy by contacting us.

Complaints
If you have a particular complaint regarding financial services provided by T. Rowe Price Australia Limited,
please do not hesitate to contact us. We endeavour to resolve all complaints appropriately, promptly andfairly, and, where possible within five business days. Otherwise, we will aim to have it resolved within 30
calendar days.
You can lodge a complaint by contacting us:
By mail:T. Rowe Price Australia Limited - Complaints
Level 28 Governor Phillip Tower,
1 Farrer Place
Sydney, NSW 2000
AUSTRALIA
By email:
AUcomplaints@troweprice.com
By phone:+612 8667 5750
We recognise that you may require assistance to lodge a complaint so we can also accept complaints madeon your behalf by your authorised representatives, such as your family, friends or financial adviser.