CONSUMER CREDIT INSURANCE

Proposal and Policy Schedule .

Please provide all information requested and answer all questions fully to enable us to process your policy. If there is insufficient space provided for any detail please attach a separate sheet of paper. Insured Details
First Insured Title First Name Last Name Date of Birth Sex Telephone Address Postcode Email Address Occupation MR. DANEIAL VETOREY 02/02/1980 MALE 4512026 140 SMAITA ST. ZARA NEW SOUTH WALES 2484 ACCOUNTANT Second Insured Title First Name Last Name Date of Birth Sex Telephone Address Postcode Email Address Occupation

Policy Number: 0003001373

Corporate Details
Company Name Address ABN Number Registered for GST Telephone

Loan Contract Details

Financier Contract Number Regular Payments Amount Financed Residual/Balloon Amount Principal Amount TOYOTA FINANCIAL SERVICES $ 1089.11 Monthly $ 48961.00 $ 0.00 $ 48961.00 Date Contract Commenced 11/09/2013 Type of Contract REGULATED Term of Contract 60 (For Death and critical illness premium calculation only - excluding CCI premium) (for Disablement and Redundancy/Business Failure Premium calculations only)

Vehicle Details
Make Year Registration No. Comprehensive Insurer MITSUBISHI 2013 AUS102 Model Purchase Price VIN No. LANCER SEDAN SEDAN $ 45000.00 SA102301AS1014

Cover Details
Type of Cover Period of Insurance DEATH CRITICAL ILLNESS DISABLEMENT REDUNDANCY/BUSINESS FAILURE from 11/09/2013 to 11/09/2018 Single/Joint Private/Commercial Single Private

Premium Details
Net Premium 75% Loading Stamp Duty $ 7442.00 $ 475.00 GST on Premium Total Premium Business Use Declaration I/We declare that the credit to be provided to me/us is to be applied wholly or predominantly for business or investment use. Declaration by Insured Person(s) HEALTH: I/We understand that this policy does not provide cover for any claim which is the direct or indirect result of any pre-existing condition, illness or injury, or for any condition, illness or injury for which I have consulted a medical practitioner in the 12 months prior to the commencement of the policy. I/We have answered all questions truthfully and have not withheld any relevant information. I/We certify that any answers not in our own handwriting have been checked by me and are correct. I/We agree that the Proposal and Policy Schedule is the basis of the insurance contract. I/We have read and understand the PDS & Policy Document and agree to be bound by all terms and conditions. I/We have been continuously employed for the past six months. I/We have never had any insurance cancelled, altered, accepted on special conditions or declined. I/We agree to allow the administrator to obtain any relevant information from the financier or interested parties. Agent Name: Westcorp Capital
Generated: 12/09/2013 at 02:45 AM

$ 593.00 $ 8510.00

Agent No: AM00001

ISN: A01982
Document ID: TWG AMIA CP 0513/001

Insurers: VIRGINIA SURETY COMPANY, INC Life Cover is underwritten by TAL LIFE LIMITED ABN 70 050 109 450, Australian Financial Services Licence Number 237848

CONSUMER CREDIT INSURANCE

Proposal and Policy Schedule .
Please provide all information requested and answer all questions fully to enable us to process your policy. If there is insufficient space provided for any detail please attach a separate sheet of paper. Insured Details
First Insured Title First Name Last Name Date of Birth Sex Telephone Address Postcode Email Address Occupation MR. DANEIAL VETOREY 02/02/1980 MALE 4512026 140 SMAITA ST. ZARA NEW SOUTH WALES 2484 ACCOUNTANT Second Insured Title First Name Last Name Date of Birth Sex Telephone Address Postcode Email Address Occupation

Policy Number: 0003001373

Corporate Details
Company Name Address ABN Number Registered for GST Telephone

Loan Contract Details

Financier Contract Number Regular Payments Amount Financed Residual/Balloon Amount Principal Amount TOYOTA FINANCIAL SERVICES $ 1089.11 Monthly $ 48961.00 $ 0.00 $ 48961.00 Date Contract Commenced 11/09/2013 Type of Contract REGULATED Term of Contract 60 (For Death and critical illness premium calculation only - excluding CCI premium) (for Disablement and Redundancy/Business Failure Premium calculations only)

Vehicle Details
Make Year Registration No. Comprehensive Insurer MITSUBISHI 2013 AUS102 Model Purchase Price VIN No. LANCER SEDAN $ 45000.00 SA102301AS1014

Cover Details
Type of Cover Period of Insurance DEATH CRITICAL ILLNESS DISABLEMENT REDUNDANCY/BUSINESS FAILURE from 11/09/2013 to 11/09/2018 Single/Joint Private/Commercial Single Private

Premium Details
Net Premium 75% Loading Stamp Duty $ 7442.00 $ 475.00 GST on Premium Total Premium Business Use Declaration I/We declare that the credit to be provided to me/us is to be applied wholly or predominantly for business or investment use. Declaration by Insured Person(s) HEALTH: I/We understand that this policy does not provide cover for any claim which is the direct or indirect result of any pre-existing condition, illness or injury, or for any condition, illness or injury for which I have consulted a medical practitioner in the 12 months prior to the commencement of the policy. I/We have answered all questions truthfully and have not withheld any relevant information. I/We certify that any answers not in our own handwriting have been checked by me and are correct. I/We agree that the Proposal and Policy Schedule is the basis of the insurance contract. I/We have read and understand the PDS & Policy Document and agree to be bound by all terms, conditions and exclusions. I/We have been continuously employed for the past six months. I/We have never had any insurance cancelled, altered, accepted on special conditions or declined. I/We agree to allow the administrator to obtain any relevant information from the financier or interested parties. Agent Name: Westcorp Capital
Generated: 12/09/2013 at 02:45 AM

$ 593.00 $ 8510.00

Agent No: AM00001

ISN: A01982
Document ID: TWG AMIA CP 0513/001

Insurers: VIRGINIA SURETY COMPANY, INC Life Cover is underwritten by TAL LIFE LIMITED ABN 70 050 109 450, Australian Financial Services Licence Number 237848

Credit Protection
Product Disclosure Statement and Policy Wording

Product Disclosure Statement Prepared on 7 May 2013 Insurer: Virginia Surety Company, Inc (ABN 63 080 339 957) Australian Financial Services Licence number 245579 TAL Life Limited (ABN 70 050 109 450) Australian Financial Services Licence number 237848. Promoter: Australian Motor Insurance Agency Pty Ltd (ABN 68 162 886 286)

Section 1: Product Disclosure Statement

Important Information About This Policy
The Purpose Of This Product Disclosure Statement
The purpose of this Product Disclosure Statement (PDS) is to give You the information You require to make an informed decision about whether or not to apply for the Cover provided by Credit Protection. Before deciding to purchase this Policy, You should read this PDS and Policy carefully to understand the Cover provided by the Policy. This PDS details the significant features of the Policy, including the Policys bene fits, risks and information about how the insurance premium is calculated. The information is general and does not take account of Your individual needs. This PDS, including the Proposal & Policy Schedule, forms Your contract of insurance with Us. Provided You have paid the premium, We will insure You during the Period of Cover subject to the terms, conditions and exclusions set out in this PDS. Capitalised terms and expressions used in this PDS have the meanings given to them at the beginning of the Policy Wording in Section 2. We recommend that You store these documents in a safe place.

Who Is The Insurer?

Critical Illness Cover, Disability Cover and Redundancy/Business Failure Cover under this Policy are underwritten by Virginia Surety Company, Inc (VSC)(ABN 63 080 339 957) of Level 2, 74 Doncaster Rd, Balwyn North VIC 3104. Virginia Surety Company, Inc holds an Australian Financial Services Licence, number 245579. Life Cover under this Policy is issued by TAL Life Limited (ABN 70 050 109 450) of P.O. Box 142, Milsons Point NSW 1565. TAL Life Limited also holds an Australian Financial Services Licence, number 237848. In this PDS, the expressions We, Us or Our refer to Virginia Surety Company, Inc (VSC) (with respect to all cover except Life Cover) and TAL Life Limited (with respect to Life Cover). You can contact Us:

by phone by faxing Us on by writing to Us by emailing Us at

Virginia Surety Company Inc 1300 131 306 (03) 9862 3299 PO Box 246, Balwyn VIC 3103 vscau@thewarrantygroup.com

TAL Life Limited (02) 9448 9000 (02) 9448 9100 P.O. Box 142, Milsons Point NSW 1565

The Warranty Group Australasia Pty Ltd (ABN 37 005 004 446) administers the Policy on Our behalf. The insurance Policy is promoted by Australian Motor Insurance Agency Pty Ltd (AMIA) of Unit 17, first floor 885 Albany Hwy, East Victoria Park WA 6101. In effecting this insurance Policy, the dealer is acting as an agent of VSC, and not as Your agent. Some of Your insurance premium is paid to the agent as commission. Details of the commission received by the agent are set out in the Financial Services Guide that the agent will provide to You.

Consumer Credit Insurance

Credit Protection is a consumer credit insurance (CCI) product. It is an optional form of loan protection, which is designed to protect a borrowers loan repayment obligations in the event of financial loss due to the borrowers Death, Critical Illness, Disability, Redundancy or Business Failure. The extent of loss to which the Policy applies is measured by reference to the borrowers liability under the Finance Contract (subject to certain benefit limits as specified below). I t is important that You read this PDS, including the Policy Wording, carefully to understand when the Policy will cover Your loan repayments and when it will not. Credit Protection is not compulsory and it is not a condition of Your loan that You have this insurance. If You do choose to take out a CCI product, You may do so with another insurer.

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To Be Eligible For This Policy You Must:

For Redundancy / Business Failure cover, You must be employed in a permanent full time or part time position for a minimum of twenty hours per week. Casual employees cannot select Redundancy/Business Failure cover. For all remaining covers, being Life, Critical Illness and Disability, be employed in a permanent full time, part time or casual position for a minimum of twenty hours per week. Casual employees will need to have been with their existing employer for a minimum of 12 months and current employment is expected to last greater than six months. Not be employed in a seasonal, intermittent position. Not be employed in a contracted position of less than the term of the Finance Contract. Be a permanent resident of Australia (unless We agree in writing to insure You). Be at least 16 years of age at the Policy commencement date and not more than 65 years of age when the Policy ends.

Significant Features
There are four types of Cover, which provide protection against losses caused by four types of contingencies: Life Cover Critical Illness Cover Disability Cover Redundancy/Business Failure Cover You may choose one of the following combinations of the types of Cover: Life Cover Disability Cover Life & Critical Illness Cover Life and Disability Cover Critical Illness and Disability Cover Disability and Redundancy/Business Failure Cover Life, Critical Illness and Disability Cover Life, Critical Illness and Redundancy/Business Failure Cover Life, Disability and Redundancy/Business Failure Cover Critical Illness, Disability and Redundancy/Business Failure Cover Life, Critical Illness, Disability and Redundancy/Business Failure Cover The table below provides an outline of the significant features of the four types of Cover. However, You should read the Policy Wording for details of the scope of the Cover. Benefits payable under the Policy for individual claims are also subject to limits. The maximum amounts We will pay for the Cover You have chosen are set out in the following table. Type of Cover Life Cover Life Cover Significant Features In the event of death, We will pay to Your Financier the Payout Figure of Your Finance Contract at the date of Your death. For example, if the payout figure on the date of Your death is $20,000, We will pay that amount. No Excess Period applies If You suffer a Critical Illness, We will pay to Your Financier the Payout Figure of Your Finance Contract at the date the Critical Illness is diagnosed. For example, if the payout figure on the date of diagnosis of a Critical Illness is $30,000, We will pay that amount. No Excess Period applies Benefit Limits Maximum Benefit payable is $100,000

Critical Illness Critical Illness

Maximum Benefit payable is $100,000

Disability Cover Disability Cover

If You suffer a Disability, We will pay 1/30 of Your Monthly Maximum monthly benefit is Repayment for every day You are Disabled. For example, if $3,000 per month or $100 per Your monthly repayment is $600, the benefit You receive is $20 day. per day. Subject to policy conditions, an unlimited number of claims may be made. A 14 day Excess Period applies. If You become Unemployed, due to Redundancy or Business Failure, We will pay 1/30 of Your Monthly Repayment for every Maximum monthly benefit is $2,000 per month or $66.66 per
Page 3 of 12

Business Failure Redundancy/ Business Failure

Document ID: TWG AMIA CP 0513/001

day You are Unemployed. For example, if Your monthly repayment is $750, the benefit You receive is $25 per day. Subject to policy conditions, an unlimited number of claims may be made. A 21 day Excess Period applies

day. No more than 4 monthly Payments may be claimed for one claim. Maximum Claim benefit $6,000

Note: The maximum benefit payable for the total of all claims under the Policy (in aggregate) is $100,000.

Period Of Cover
Your Cover will end if certain events occur for example, when the Finance Contract is paid out or re-financed. The Period of Cover is not necessarily the term of the Finance Contract. You should refer to the circumstances in which Your Cover will end, which are listed on page 11 of the Policy Wording.

Significant Risks
You should be aware of the following risks associated with the Policy: Excess Periods: You may be subject to one or more Excess Periods under this Policy. An Excess Period is the amount of time You have to wait following the date of Your claim before any payment calculation will commence. A full description of all the Excess Periods that may apply can be found in the Policy Wording. Disclosure Obligations: Failure to comply with disclosure obligations may have consequences in relation to the Cover being provided or may affect a claim being paid. These consequences are outlined under Your Duty of Disclosure in the Policy Wording. Policy Coverage: Our liability under this Policy is excluded in certain circumstances. In order to understand when the Policy will cover Your loan repayments and when it will not, You should carefully read the Policy Exclusions relating to each type of Cover on page 10. Benefit Limits: Benefits payable under the Policy are subject to limits. The maximum amounts We will pay for the Cover You have chosen are set out in the Policy Wording and in the table on the previous page. Variation of Finance Contract: If You have varied the term or payment instalments on Your Finance Contract this may affect the cover provided or the amount of a claim payment made.

How To Apply
To apply for Cover, the Proposal & Policy Schedule will need to be completed via Our electronic system by the dealer. Upon completion You will be given a copy of the Proposal & Policy Schedule for You to sign confirming its accuracy.

What Is The Cost?

The premium payable for Your insurance policy will be shown on Your Proposal & Policy Schedule. In setting premiums, a number of factors are taken into consideration. These include: the type of Cover chosen; the amount financed; the term of Your Finance Contract; and the number of insured people. The premium will be higher if You choose a higher level of cover. The greater the amount financed under Your finance contract, and the longer its term, the more the cover will cost. Also the premium for insuring more than one person is higher than insuring a single person. The premium amount will be calculated and provided to You in the Proposal and Policy Schedule before You acquire the Cover.

Taxation Information
Premiums are subject to Goods and Services Tax (GST) and stamp duty imposed by Commonwealth and State Governments (excluding the Life cover component). GST will also affect any claim You make under this Policy. Please refer to the GST on Claims Payments section on page 12 for full details. Generally, Your premiums are not tax deductible and claims payments are not assessable income for tax purposes unless You purchase Your policy for business purposes and Your Vehicle is registered for business purposes. This taxation information is a general statement only. You should seek professional taxation advice for information about Your personal circumstances.
Page 4 of 12 Document ID: TWG AMIA CP 0513/001

Your Duty Of Disclosure

When entering into a policy of insurance, We rely on the information You provide to Us. You are required to be truthful in answering Our questions. You must tell Us anything known to You, or that should be known by You, that could affect Our decision to insure You. Please refer to the full details under Your Duty of Disclosure and Ongoing Disclosure on page 9 of the Policy Wording.

Cooling Off Period

You may cancel Your Policy within 14 days of the earlier of: receiving confirmation from Us of the purchase of the Policy; and the end of the fifth day after the day on which t he Policy is issued to You. If You wish to cancel Your Policy during this period, You must notify Us in writing. If You do so, We will refund the premium in full. However, We will not refund the premium if You have made a claim under Your insurance policy. To cancel Your Policy at other times, please refer to the How Can Your Policy Be Cancelled section on page 12 of the Policy Wording.

VSC Dispute Resolution

Should You have a concern relating to any area of Our business or Your Policy, excluding the Life Cover, You may request that it be dealt with by the supervisor or manager directly responsible for that area. If Your complaint is not resolved by the supervisor or manager, Your complaint may then be referred to Our Internal Dispute Resolution Panel. You can contact Our Internal Dispute Resolution Panel: by phone on 1300 654 611; in writing to PO Box 246, Balwyn VIC 3103; or by emailing Us at customerfeedback@thewarrantygroup.com . We will respond to Your complaint in writing within 15 working days provided they have all the necessary information. Our dispute resolution process is provided to You free of charge. If You are not satisfied with the outcome of Our process You may refer the matter to the Financial Ombudsman Service (FOS). The FOS may be contacted: by phone on 1300 780 808 (local call fee applies); by fax on (03) 9613 6399; by post: GPO Box 3, Melbourne VIC 3001; by emailing them at: info@fos.org.au; or on the web http://www.fos.org.au. The FOS provides an independent service which will investigate Your complaint and provide a ruling at no cost to You.

TAL Life Dispute Resolution

If You have a complaint relating to the Life Cover You can write to: The Manager Complaints Resolution TAL Life Limited PO Box 142 Milsons Point NSW 1565 We will attempt to resolve Your complaint within 45 days of the date it is received by Us. If We are unable to resolve Your complaint within that period, We will inform You of the reasons for the delay and ask for Your consent to resolve the complaint within 90 days of the date it was received. If Your complaint has not been resolved to Your satisfaction within 45 days of lodging Your initial complaint to TAL Life (or, if You agreed, within 90 days) You may contact the Financial Ombudsman Service (FOS). FOS is an industry sponsored service that provides free advice and assistance to consumers with complaints against financial services companies. FOS is an independent and impartial body. Decisions made by FOS are binding on Us. FOS can be contacted as follows: by phone on 1300 780 808 by fax on (03) 9613 6399 by email: info@fos.org.au by post: Financial Ombudsman Service GPO Box 3, Melbourne VIC 3001
Page 5 of 12 Document ID: TWG AMIA CP 0513/001

How To Make A Claim

You should refer to page 12 of the Policy Wording for the information regarding making a claim under the Policy.

The General Insurance Code Of Practice

Virginia Surety Company, Inc adheres to the General Insurance Code of Practice (The Code). The Code was developed with the objective of raising the standards of service and practices in the insurance industry to a level that seeks to achieve total customer satisfaction. The Code aims to improve the quality of policy documentation and information provided to consumers; employee and agent training; claims handling and dispute resolution. Please contact Us on 1300 654 611 if You would like to obtain a copy of Our brochure on the Code.

Your Privacy
Virginia Surety Company, Inc is bound by the National Privacy Principles contained in the Privacy Act 1988. By submitting a Proposal & Policy Schedule, You will be supplying Us with personal information. We collect this information so that We can assess the risk and determine the appropriate terms, conditions and exclusions that will apply to the Policy. If We accept Your proposal, We will use the information so that We can administer Your Policy, including processing claims and responding to Your queries. The information collected is held by Us and will be disclosed to financiers and/or service providers such as promoters, assessors or loss adjusters, as well as companies in The Warranty Group. With some exceptions You have rights of access to, and correction of, Your personal information upon request. We value the privacy of personal information and We ensure that information about You is handled as permitted and required by law. Please contact Our Privacy Officer on 1300 654 611 if You have any queries or would like a copy of Our privacy brochure. Alternatively, if You would like to view TAL Life privacy statement please refer to www.tal.com.au/en/privacy.aspx. TAL Life may collect personal and sensitive information from or in respect of You to enable Us to provide or arrange for the provision of Our insurance products. If You do not supply the required information, We may not be able to provide the requested product or service. The way in which TAL Life collects, uses and discloses Your information is explained in Our Privacy Policy available using the link above or by contacting Us using the address details below. Privacy Officer TAL Life Limited PO Box 142, Milsons Point, NSW 1565 In processing and administering Your insurance We may disclose Your information to other parties such as organisations to whom We outsource Our mailing and information technology, Government regulatory bodies and other companies within the TAL Life Group and accountants (if applicable). We may also disclose Your information to other bodies such as the reinsurers, Your financial adviser, health professionals, investigators, the administrator, lawyers, the trustee of any superannuation fund through which the policy is effected, external complaints resolution bodies and as required or authorised by law. We rely on the accuracy of the information You provide. If You think that We hold information about You that is incorrect, please let Us know. Under current privacy legislation, You are generally entitled to access the personal information We hold about You. To access that information, simply make a request in writing. This process enables Us to confirm Your identity for security reasons and to protect Your personal information from being sought by a person other than yourself. If, for any reason We decline Your request to access and/or update Your information, We will provide You with details of that reason. Information relating to Your right to privacy is available at the website of the Officer of the Privacy Commissioner at: www.privacy.gov.au.

Financial Claims Scheme

If We become insolvent, this Policy may be protected under the Federal Governments Financial Claims Scheme administered by APRA. This means that if You meet certain eligibility criteria You may receive payment under the scheme. For more information please see www.apra.gov.au or contact the APRA hotline on 1300 131 060.

Subrogation
When We pay a claim under the Policy, We have the right to take over and enforce any right You may have to recover the loss from another party. We may do this in Your name and You have an obligation to assist Us as required.

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Jurisdiction
This Policy shall, at all times and in all respects, be governed by and subjected to the laws of the State or Territory in Australia where this Policy was issued and whose courts shall have jurisdiction in any dispute arising under or in connection with this Policy. This condition shall not preclude the parties from agreeing to submit any dispute to Arbitration, or to any other form of Alternative Dispute Resolution, after it has arisen.

Page 7 of 12 Document ID: TWG AMIA CP 0513/001

Section 2: Policy Wording

Definitions
Some words have a special meaning in this Policy and PDS. These words are listed below. Backache: means any musco-skeletal disorders arising from abnormalities of the whole vertebral column (including cervical spine), discs, muscles attached to the spine and those due to nerve root irritation. Business Failure: means that the business in which You were self employed ceases totally and permanently as a direct result of an inability to pay its debts when they were due. Cancer: means a malignant tumour characterised by the uncontrolled growth and spread of malignant cells and invasion of tissue. This includes leukaemia and Hodgkins disease but the following are excluded: All tumours which are described as pre-malignant, non-invasive or as cancer in situ. All forms of lymphoma in the presence of any Human Immunodeficiency Virus. Kaposis sarcoma in the presence of any Human Immunodeficiency Virus. Any skin cancer other than malignant melanoma. Claim: means an application for a benefit to be paid in relation to a claim under the Cover provided by this Policy. Coronary Artery By-Pass Surgery: means the undergoing of open heart surgery to correct narrowing or blockage of one or more coronary arteries with by-pass grafts but excluding angioplasty, laser relief or any other procedures. Cover: means the four types of protection provided by the Policy. Critical Illness: means Cancer, Coronary Artery By-Pass Surgery, Heart Attack, Kidney Failure, Major Organ Transplant or Stroke, diagnosed by a Medical Practitioner. Disability: means that by reason of injury, illness or other medical condition a Medical Practitioner has declared that You are unable to perform the duties of any occupation for which You are reasonably qualified by education, training or experience, and Disabled has a corresponding meaning. Disability Benefit: means a benefit paid in relation to a claim under Disability Cover. Disability Cover: means the type of Cover described on page 10 of the Policy Wording. Excess Period: The period of time before payments commence under the policy. Finance Contract: means the Finance Contract arranged for the purchase of Your vehicle, as specified in the Proposal & Policy Schedule. Financier: means the financial institution You have stated in the Proposal & Policy Schedule. Heart Attack: means the death of a portion of the heart muscle as a result of inadequate blood supply as evidenced by an episode of typical chest pain, new electrocardiograph changes and by the elevation of cardiac enzymes. The evidence must be consistent with diagnosis of a heart attack. Injury: means bodily injury caused solely and directly by accidental, visible and external means, which happens at a definite time and place during Your Period of Cover and does not result from any illness, sickness or disease. Insured: mean each person(s) named in the Proposal & Policy Schedule as an insured. Kidney Failure: means end stage renal failure presenting as chronic irreversible failure of both kidneys to function, as a result of which either regular renal dialysis or renal transplant is initiated. Life Cover: means the type of Cover described on page 10 of the Policy Wording. Major Organ Transplant: means the actual undergoing as a recipient of, or inclusion on an official Australian waiting list for, a transplant of heart, lungs, liver, pancreas or bone marrow. Medical Practitioner: a person registered to practise medicine, other than You or a member of Your immediate family. Monthly Repayment: means the monthly loan repayment specified in Your Finance Contract. Payout Figure: means the amount required by the Financier, at the date of Your death or date of diagnosis for a Critical Illness, to discharge Your indebtedness under the Finance Contract. The payout figure is subject to policy exclusions listed on page 10 and will include any rebate of interest You would have been entitled to had You settled Your Finance Contract on the date of death or date of diagnosis for a Critical Illness. Period of Cover: means the period of cover as stated on the Proposal & Policy Schedule, but subject to the termination events specified on page 11 of the Policy Wording. Policy: means Credit Protection, which comprises Life Cover, Critical Illness Cover, Disability Cover and Redundancy/Business Failure Cover. Policy Exclusions: means the circumstances which the Policy does not cover, as set out under the heading Policy Exclusions (in relation to each type of Cover) in the Policy Wording. Policy Wording: means the policy wording set out in Section 2 of this PDS. Proposal & Policy Schedule: refers to the form on which You provide information about yourself and the Cover that You have chosen, and includes any written amendments We send You. Redundancy: means being Unemployed as a direct result of Your employment being terminated due solely to Your employer ceasing or reducing the activities for which You were engaged. Redundancy/Business Failure Cover: means the type of Cover described on page 10 of the Policy Wording. Residual: means the final repayment on the Finance Contract which exceeds the penultimate monthly instalment amount. Rule of 78: means the method of earning the premium over the term of the policy. The earnings are higher in the earlier months and gradually reduce over time.. Stroke: means a cerebrovascular incident resulting in permanent neurological damage. Transient ischaemic attacks are specifically excluded. Total Permanent Disability: means when, as a result of injury, as defined, You are wholly and continuously prevented from engaging in any occupation for which You are reasonably qualified by education, training or experience and You are under the regular care of a registered and legally qualified Medical Practitioner. Unemployment: means You became involuntarily unemployed and registered with Centrelink, as a direct result of Redundancy or Business Failure. Unemployed has a corresponding meaning.
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We, Us, Our: means Virginia Surety Company, Inc (ABN 63 080 339 957) in relation to Critical Illness Cover, Disability Cover and Redundancy/ Business Failure Cover, and TAL Life Limited (ABN 70 050 109 450) in relation to Life Cover. You, Your: means the person(s) named as the insured in the Proposal & Policy Schedule.

Your Duty Of Disclosure Critical Illness Cover, Disability Cover and Redundancy/Business Failure Cover
What You Must Tell Us and Why: When entering into a policy of insurance with Us You must answer Our questions truthfully and You have a duty under law to tell Us anything known to You and which a reasonable person in the circumstances would include in response to Our questions. We will use Your answers to decide whether or not to insure You and anyone else named on the Policy, and on what terms We will provide Cover. Who Needs to Tell Us: It is important that You understand You are answering questions for yourself and those answers will affect anyone else You want to be covered under the Policy. You have the same duty to disclose this information to Us before You renew, extend, vary or reinstate a policy of insurance. If You Do Not Tell Us: If You do not answer Our questions in this way We may reduce or refuse to pay a claim, or cancel the Policy. If You answer Our questions fraudulently, We may refuse to pay a claim and treat the Policy as never having existed.

Ongoing Disclosure Your Cover May Be Affected

Cover provided by Your Policy may be affected if Your job or the nature of Your employment changes. You must advise Us in writing within 7 days of the following: If You vary Your Finance Contract in any way unless consented to by Us in writing, Our liability does not extend to any increase in the borrowers liability under a variation or amendment to the Finance Contract. If Your employment terms change in any way during the Period of Cover.

Your Duty Of Disclosure Life Cover

Before You enter into a contract of life insurance with the insurer, You have a duty under the Insurance Contracts Act 1984, to disclose to the insurer every matter that You know, or could reasonably be expected to know, that may be relevant to the insurers decision whether to accept the risk of insurance and, if so, on what terms. You have the same duty to disclose those matters to the insurer before You extend, vary or reinstate a contract of life insurance. Your duty however, does not require disclosure of a matter: that diminishes the risk to be undertaken by the insurer; that is of common knowledge; that the insurer knows or, in the ordinary course of its business, ought to know; or the disclosure of which is waived by the insurer. The duty of disclosure applies even after Your application for cover is completed until the insurers acceptance of insurance is issued in writing.

Non Disclosure Life Cover

If You fail to comply with Your duty of disclosure and the insurer would not have entered into the contract on any terms if the failure had not occurred, the insurer may avoid the contract within three years of entering into it. If Your nondisclosure is fraudulent, the insurer may avoid the contract at any time. An insurer who is entitled to avoid a contract of life insurance may, within three years of entering into it, elect not to avoid it but to reduce the sum that You have been insured for in accordance with a formula that takes into account the premium that would have been payable if You had disclosed all relevant matters to the insurer. All questions on this Application are relevant as to whether or not the insurer accepts the risk and, if so, on what terms.

Type Of Cover
You have a choice of four types of cover: Life Cover Critical Illness Cover Disability Cover Redundancy/Business Failure Cover You may choose one of the following combinations of the types of Cover:
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 Life Cover Disability Cover Life & Critical Illness Cover Life and Disability Cover Critical Illness and Disability Cover Disability and Redundancy/Business Failure Cover Life, Critical Illness and Disability Cover Life, Critical Illness and Redundancy/Business Failure Cover Life, Disability and Redundancy/Business Failure Cover Critical Illness, Disability and Redundancy/Business Failure Cover Life, Critical Illness, Disability and Redundancy/Business Failure Cover

Maximum Policy Limit

The maximum amount We will pay for the total of all claims under the Policy (in aggregate), throughout the term of the Finance Contract, is $100,000. Benefit limits also apply to individual claims. These vary depending on the particular type of Cover and are outlined in the Policy Coverage details for each type of cover.

Insured Persons
Where there are two or more Insureds named in the Proposal & Policy Schedule, no benefit will be payable in respect of more than one of the Insureds at the same time. Hence, policy terms, conditions and exclusions apply to two or more Insureds as if they were an individual.

Policy Coverage
Life Cover In the event of Your death during the Period of Cover, We will pay the Financier the Payout Figure calculated as at the date of death under Your Finance Contract (up to a maximum of $100,000). No Excess Period applies to Life Cover. Critical Illness Cover In the event of Your suffering a Critical Illness during the Period of Cover, We will pay the Financier the Payout Figure calculated as at the date of diagnosis under Your Finance Contract (up to a maximum of $100,000). No Excess Period applies to Critical Illness Cover. Disability Cover In the event that You suffer a Disability during the Period of Cover, We will pay the Financier 1/30 of Your Monthly Repayment for each day You are Disabled, up to a maximum of $100 per day (if paid on a daily basis) or $3,000 per month (if paid on a monthly basis). Following payment of a Disability Benefit, You must have returned to work for 3 months before You are entitled to claim any further Disability Benefit (unless You claim for continuing disability within 3 months). In the event of Total Permanent Disability We may, at Our option, pay the Financier the Payout Figure (up to a maximum of $100,000). In this instance We will not pay any Residual component. A 14 day Excess Period applies to Disability Cover. Redundancy/Business Failure Cover In the event that You become Unemployed due to Redundancy or Business Failure, during the Period of Cover, We will pay the Financier 1/30 of Your Monthly Repayment for each day You are Unemployed. Any number of claims may be submitted but the total payout will not exceed $2,000 per month (if paid on a monthly basis) or a total of 4 Monthly Repayments but subject to a maximum claim benefit of $6,000. You must be re-employed for a minimum of 6 months before You can lodge any subsequent claim. No benefit is payable for any period for which You have received payment in lieu of notice. A 21 day Excess Period applies to Redundancy/Business Failure Cover.

Policy Exclusions
Our liability to pay any claim is excluded in the following circumstances: We will not cover any arrears or deferred payments owed to the Financier at the date of the claim. We will not cover the Residual where this option has not been selected and paid for.
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 No benefit is payable after You reach 65 years of age. A claim may only be lodged for one Type of Cover at any one time. No Redundancy/Business Failure benefit is payable for any period of Redundancy/Business Failure for which You have received payment in lieu of notice. No Redundancy/Business Failure is payable if You are employed on a casual, seasonal, intermittent or on a contractual basis that ends prior to the expiry of the Period of Cover. We will not pay claims for any of the following events or circumstances marked with an X AAAA L = Life Cover CI = Critical Illness Cover D = Disability Cover R = Redundancy/Business Failure Cover L Suicide, attempted suicide or intentional self -inflicted injury or illness Taking part in criminal, war or warlike activities Use of or contact with nuclear materials, weapons or waste, ionising radiation or Asbestos Aerial activity, except as a passenger in a fixed wing aircraft owned and operated by a licensed airline Motor racing Acquired Immune Deficiency Syndrome (AIDS) Human Immune Deficiency Virus (HIV) Any illness, injury or condition which is a direct or indirect result of any pre existing illnesses, injury and/or medical condition Any condition of the back, spine, neck or surrounding muscular skeletal system as a result of any pre-existing illness, injury, hereditary, congenital or degenerative condition Being addicted to or under the influenc e of alcohol or a drug other than a drug taken under the advice of a Medical Practitioner Riot, civil commotion, strike or lockout Any illness sustained or manifested within 30 days of the commencement of cover Backache, unless a Medial Practitioner provides medical evidence showing definite symptoms of restriction of movement Any emotional, stress related or psychiatric condition, post -viral debilities, chronic fatigue syndrome and myalgic encephalomyelitis Pregnancy, abortion or childbirth related conditions Professional sporting activities Deliberate misbehaviour or misconduct resulting in unemployment Cessation of employment within 60 days of the commencement of cover If You have been offered employment but elect not to take it Casual Employment Avian influenza, Epidemic influenza, Pandemic influenza or any World Health Organization declared Pandemic X X X X X X X X CI D X X X X X X X X X R X X X

X X X X X X X

X X X

X X

X X

X X X X

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X X X

When Am I Covered?
The Period of Cover is the period beginning on the date Cover commences and ending on the date Cover ceases. Provided You have paid the premium, We will insure You during the Period of Cover subject to the terms, conditions and exclusions set out in this PDS. The start of Your Cover Your Cover will commence on the date that You sign the Proposal and Policy Schedule, or the date of commencement of Your Finance Contract, whichever is the latter. The end of Your Cover Your Cover will end when any of the following occurs: the Policy is cancelled (see section below titled How can Your Policy be cancelled?); the Period of Cover expires; the Finance Contract is paid out or re-financed; payment of a Life Claim or Critical Illness Claim is made under the policy; the maximum aggregate policy claim of $100,000 limit is reached; You reach the age of 65 years; You commit any act of bankruptcy, including petitioning for bankruptcy and/or voluntary liquidation; You cease to be an Australian resident.
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How Can Your Policy Be Cancelled?

Cooling-Off Period: You may cancel Your Policy during the cooling-off period. See page 5 for details. Other Cancellations: Cancellation by You You may cancel this Policy at any time: by writing to Us at PO Box 246 Balwyn VIC 3103; or by emailing Us at vscau@thewarrantygroup.com. Cancellation will be effective from the date We receive Your request. If the Policy is cancelled, We will retain a requisite amount of the premium based on the period that cover has been provided. Cancellation by Us We may cancel this Policy by giving You notice in writing in accordance with the Insurance Contracts Act 1984 for reasons including: - non-disclosure; - failure to comply with the conditions of this Policy; - misrepresentation; - non-payment of premium. If You have financed the premium for this Cover, We will require the approval of the finance company before cancelling the Policy. Any refund will be made to the financier. If You or We cancel Your Policy We will refund Your premium, but We may deduct a reasonable amount of the premium for the time on risk. Whilst the level of Cover We provide is maintained for the duration of the Policy, the level of risk changes over time. Generally the level of risk (or the Gap) is significantly higher in the early years and lower during the final years. Any refund provided will reflect these changing circumstances. We use the Rule of 78 to determine what refund is due.

How To Make A Claim

Telephone Us on 1300 131 306 for a claim form. You will need to complete and sign the claim form and return it to Us with the following documents: Life: Critical Illness: Your estate will be required to supply evidence of Your age, death and identity. Your Medical Practitioner will be required to supply a full medical report confirming Your condition. We may also require a full medical report from a Medical Practitioner of Our choice. A certificate from Your Medical Practitioner confirming Your disability. We may also require a full medical report from a Medical Practitioner of Our choice. Confirmation from Centrelink that You are registered as Unemployed. A statement from Your previous employer confirming reason for Unemployment. A monthly certificate from Centrelink confirming continuing Unemployment. Where employment is on a contractual basis, proof of the contract is required. Where a Claim for Business Failure is lodged You will be required to supply financial statements and business plans to provide evidence of Your Business Failure.

Disability: Redundancy/Business Failure:

GST on Claim Payments

When We make a payment under this Policy for the acquisition of goods, services or other supply, We will reduce the amount of any payment by the amount of input tax credit (ITC) that You are entitled to, whether or not that acquisition is actually made. In the case that a compensation payment is made under this Policy in lieu of payment for the acquisition of goods, services or other supply, We will reduce the amount of that payment by the amount of ITC You would have been entitled to had the payment been used to acquire goods, services or other supply.

Claim Recovery
We reserve the right to take action to recover costs incurred by Us where We believe the incident is the responsibility of another party. When We do this, We may take action in Your name and You will be required to cooperate with Us and provide any information We may require.
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