These Terms and Conditions are an agreement between you ("you") and The Motley Fool Australia, Pty Ltd ("The Motley Fool," "Fool Australia," or "we"), PO Box 104, Isle of Capri, Qld 4217, by which we provide you access to our portfolio, Motley Fool Australia Ultimate Innovation (the "Service"). By subscribing to, and using the Service you are agreeing to be bound by all applicable terms and conditions.
Financial Services Guide
Prior to subscribing, please review our Financial Services Guide (FSG). By subscribing to and using the Service, you specifically acknowledge that you have received, read and understood our FSG.
The Ultimate Innovation Portfolio; Operating Rules
The Service is aimed at helping investors who are interested in disruptive tech and innovation ASX growth stocks. The Service features a model real-money portfolio consisting of disruptive tech and innovation ASX growth shares recommended by Fool AU analysts. The Ultimate Growth portfolio is actively managed, meaning the investment team has the mandate to buy, hold, trim or sell stocks at any time as they see fit. Fool Australia is exclusively funding the portfolio and consequently, any realised gains or losses will belong to Fool Australia.
The Service provides recommendations for buying stock in publicly traded companies. The Service will recommend a collection of stocks up front included in the portfolio and later send occasional updates about those or other stocks, and may include ongoing coverage or additional recommendations. As a subscriber, you will be entitled to view the portfolio upon the release of each section, and in its entirety after the rollout period.
The Service will wait at least two full market days after the portfolio has been released to members and buy alerts have been issued to transact in those securities.
From time to time The Motley Fool may change the features and offerings included in the Service, but we will provide you with advance notice of any material changes to the Service and/or your membership. You may terminate your membership at any time pursuant to the terms and conditions of your subscription.
Warning – General Advice Only
The Service provides investing commentary and recommendations for buying and selling shares of publicly traded companies. As stated in our FSG, The Motley Fool (AFSL 400691) provides only general financial advice. That is, the information contained in the Service has been prepared without taking your personal circumstances into account. You should therefore consider the appropriateness of the advice we provide in light of your own objectives, financial situation or needs before acting on any of our recommendations. Before buying any of our recommendations, you should also review any product disclosure statement (PDS), prospectus or other disclosure document provided by the issuer.
You may email your comments and questions about our coverage and our advisors will endeavour to respond to them either directly to you via email, or in a public forum such as one of the Service's discussion forums. Whether our response is via email or made on a public forum, we will not (and cannot) address your specific investment situation and our comments will not constitute advice that a specific security, strategy or action is suitable for you. If you feel you need personalised advice, please consult your accountant or other finance professional.
You therefore agree that all commentary, statements of opinion and recommendations found in the Service and any related material as well as any communication from Fool Australia to you (including in any emails or discussion forums) is general advice only and we have not taken into account your personal objectives, financial situation or circumstances when preparing or providing such information. You further agree that you bear all the responsibility for your own investment research and investment decisions.
Regardless of the action taken by the Service, it is in the capacity of a responsible investor and not a speculator. The Service bases its recommendations and forecasts on techniques, information and sources believed to be reliable in the past and cannot guarantee future accuracy and results. That doesn't mean our trades will always turn out to be winners. It means that we have done our best to do our homework and consider the inherent risks before pledging our money. We urge you to do the same.
Portfolio Performance
The Service's returns reflect the gains and losses of its real money portfolio. The returns are based on the percentage change between the stock price at the time we bought the shares and the current or sell price (if the position has been closed) at the time of the transaction. Brokerage, taxes and any other associated costs are not taken into account. The returns displayed are not net of fees.
Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. Performance figures are not intended to be a forecast and we do not guarantee the performance of, or returns on any investment.
Subscription, Payment; Automatic Renewal
The Service is available only by subscription, meaning that you sign up for a set term by confirming your order and paying the applicable membership fee (the "Service Fee"). All Service Fees are non-refundable, except as required by Australian Consumer Protection statutes. All Service Fees are due in advance. Regardless of initial term, your subscription will automatically renew for one year terms, after the expiration of the initial term, until you notify us of your decision to terminate your membership. Accordingly, you agree that your Service Fee will be billed automatically at the beginning of each renewal period and except as expressly provided in these terms, any Service Fee paid hereunder is non-refundable except as required by Australian Consumer Protection statutes.
For information on the cost of the Service, please consult our FSG.
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The Motley Fool reserves the right to increase the Service Fee or institute new charges upon reasonable notice.
Trial Periods and Cancellation
On occasion, the Service may provide a trial offer. Only one such trial may be taken per household and per email address at any given point in time. In addition, there is a limit of one trial per person and per email address in any six-month period unless otherwise stated in the offer. You will be charged up front for your membership, via the payment method you provide.
You may cancel your subscription at any time by contacting [email protected]. If you cancel your subscription within 30 days of renewal, you will receive a full refund for the applicable term. Except as expressly stated in these terms, after this 30-day period, all fees are non-refundable except as required by Australian Consumer Protection statutes. Also, under our Anti Money Laundering procedures, Fool Australia will not issue you a refund totalling more than $5000 in any six-month period without additional verification as to your identity.
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Access to the Service
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Disclaimer
The Service bases its recommendations and forecasts on techniques, information and sources believed to be reliable in the past and at the time of publication. However, The Motley Fool does not warrant the completeness or accuracy of the information presented. We make no promises that the Service will be delivered to you on an uninterrupted, timely, secure or error-free basis. To the maximum extent permitted by law, Fool Australia, its affiliates and their respective directors, officers and employees disclaim any liability for any loss or damage arising from any action taken by you and/or other based on the use of, or reliance on the information provided we publish. If the law prohibits this exclusion, Fool Australia hereby limits its liability, to the extent permitted by law.
Modification or Discontinuation
The Motley Fool reserves the right to modify, suspend or discontinue all, or part of the Service. In the event we discontinue the Service, you agree that we may transfer your subscription to another Fool Australia service of equal or greater value. Without limiting any of the foregoing, you agree that if this Service is discontinued, The Motley Fool's only obligation to you is to provide you with a pro-rated refund, at your request.
Intellectual Property
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Privacy
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If you are using PayPal to pay for your subscription, PayPal is processing payment and we do not have access to your credit card information. Accordingly, you agree that Fool Australia has no responsibility or liability for PayPal's privacy practices.
Changes to these Terms and Conditions
We may change these terms at any time, but we will post a notice on the Service's website of any material changes. Your continued use and access of the Service means that you accept any new or modified terms.
General Information
If any part of this Agreement is invalid or unenforceable, the remaining provisions will continue in full force and effect.
These Terms and Conditions are governed by and interpreted in accordance with the laws of the State of Victoria, Australia.
Updated 10 July 2023
