0020 Corporate Profile Proposed Remuneration PSC’s proposed remuneration on policies In addition to the above, our Financial placed via our Australian and New Zealand Services Guide details the following offices will be a Service Fee with all relationships or associations - PSC is a premiums net of commission from insurers. Steadfast Group Limited (Steadfast) Network Broker. Steadfast has exclusive arrangements Our annual Service Fee will be calculated with some insurers and premium funders once further details on the required (Partners) under which Steadfast will receive placements (value, timing, covers selected) between 1 - 4% commissions for each product and services (any additional services arranged by PSC with those Partners. required) are known. Steadfast is also a shareholder of some Partners. The benefits of a Service Fee over remunerating PSC on a commission basis PSC Insurance Brokers may receive a from insurers are; proportion of that commission from Steadfast 1. Complete transparency, you know exactly at the end of each financial year (or other what we earn and what is in and out of agreed period). scope 2. Reduction of government charges If we arrange premium funding for you, we applicable – as commission is built into the may be paid a commission by the premium base premium by insurers, Stamp Duty funder. The commission that we are paid by and GST are applied to the higher base the premium funder is usually calculated premium when covers are placed Gross of as a percentage of your insurance premium commission rather than net. (including government fees or charges). The amount of this commission will be disclosed.