Product Disclosure Statement

Product issuer

Debitsuccess   is  the  issuer  of  the  Debitsuccess   Direct  Debit  Payment  Product  (the  Product)  under  an intermediary  authorisation  with THSL. THSL hold an Australian  Financial Services  Licence (No. 338256) and We are an authorised representative of THSL (AR 407894) authorised to provide financial product advice about and deal in the Product.

The product

The  Product  is a non-cash  payment  facility  which  allows  you to enter  into  an arrangement  with  us for the payment  of reoccurring  amounts  to a single merchant  by direct debit from your nominated  bank account  or credit card ('Account').  We can only provide the facility to you if we have received  a completed  Direct Debit Request that you have agreed to.

Updated information

Some information  might change from time to time. We will issue a supplementary  or replacement  Short-Form PDS to you if there is a materially adverse change to or omission from the information. For other changes, you can obtain up to date information  by contacting  us. We will send you updated Information  free of charge on request.

Disclaimer

All information in this Short-Form PDS is general only and does not take account of your individual objectives, financial situation  or specific needs. You should consider how the information  in this Short-Form  PDS meets your needs before deciding to apply for the Product.

Other information that forms part of this short-form pds

The following documents are incorporated into, and form part of, this Short-Form PDS:

1. The Terms and Conditions of the Debitsuccess Contract and/or your customer/service contract; and

2. The Terms and Conditions of the Debitsuccess Direct Debit Request (DDR) Service Agreement.

You should read these documents  as they include important  information  about the terms and conditions  that apply to our provision  of the Product  to you, including  information  about cancellation  and termination  rights, breach of contract, liability and privacy. They are printed on the back of our Direct Debit Request (DDR) which you will be given by the merchant you require your payment to be made to. The documents are also publically available to view or download from our website or you can ask us for a copy.

Summary of features and benefits of the product

The Product allows you to make recurring payments from your Account to a single merchant - for example a club or organisation you have membership to. It has many benefits, the key ones are summarised below:

Certainty - you can align payments to your income stream by nominating the day payments are to be deducted from your Account and the frequency.

Flexibility - nominate payments to continue or stop on expiry of the minimum term.

Responsiveness  - you can elect to pay more over a shorter term (paying off your liability earlier) or if your circumstances change you can arrange to make 'catch-up' payments in special circumstances.

Security of Data - we have in place security systems of a very high standard which comply with the Payment Card Industry Data Security Standards to ensure that your personal information is secure from unauthorised access.

Summary of risks of using the product

The Product is designed  to provide you with a simple and easy to use payment solution. The Product is not

100% risk free and there are some risks associated with use of the Product. We cannot debit your account if you give us incorrect Account Detail or if you have insufficient clear funds in your Account and in the unlikely event that our systems or service providers are temporarily unavailable we may not be able to debit your Account on the nominated day.

Dispute resolution

If you are not satisfied with our services, please telephone our internal dispute resolution service on 1800 148

848 or write to us. We will acknowledge  your complaint  in writing within 7 days and endeavour  to resolve it promptly. If you are not satisfied with our response, we are a member of the Financial Ombudsman Service, an external  dispute  resolution  body who you can contact  by telephone  (1300 780 808), fax (03 9613 6399), in writing (GPO Box 3, Melbourne VIC 3001) or via their website (www.fos.org.au).

Costs and other amounts payable

We may deduct the following fees from your Account at the times indicated:

Fee	Amount	When Payable
Administration*	A maximum amount of $110. The  fee  could  range  between  $0  and  $110 depending on your arrangement with your merchant For example: You may be charged a one off fee of $10 if so it will be  clearly   indicated   on  the  DDR  form  that  you complete with your merchant	Once  only  when  Product  is  first established
Reversal	Up to $15	On the Dishonour of a payment
Debt Collection**	$50 plus 25% of full outstanding balance. For example, if your outstanding balance was $200, the Debt Cancellation Fee owing, in addition to the outstanding contract balance of $200, will be $100 (comprising $50 plus 25% of the remaining balance (i.e. 25% of $200).	On cancellation of the product due to your failure to pay the required amounts under your customer/membership contract resulting in the referral of your account to Debt Collection.

*The fees noted in the table above are maximum amounts charged by Debitsuccess in relation to the provision of the product. The actual amounts payable are set out in your customer/membership contract. You will be notified in writing of the amount you pay before the Product is issued to you.

** This fee will only be charged if Debitsuccess provides Debt Collection Services to the business providing goods or services to you. If this is the case, the terms relating to Debt Collection Services set out in your customer/membership agreement will also apply.

This Short-Form Product Disclosure Statement is dated 7 December 2016 and provides a summary of key information in the Product Disclosure Statement as at that date. We will provide you with a Product Disclosure Statement free of charge on request.