Investors can terminate their participation in SPP Harvester™ by providing written notice to OnMarket Investment Management by email to spp@onmarket.com.au.

Follow the steps below: Log in to Client Portal. From the Transfer & Pay menu select Transfer Funds and then Make a Deposit. Select one of the saved deposit instructions and follow the prompts on the screen. Alternatively, create a new deposit instruction by selecting the Currency of the deposit from the drop-down menu. Click Connect or Get Instructions for the method you will use to transfer funds. Follow the remaining instructions provided to initiate the transfer with your bank. When you transfer funds from your bank, make sure you include your SPP Harvester™ Account Number (e.g. U1234567) in the transfer description.

For an SPP to be in-the-money, it must either contain a price fall protection clause or the SPP price must be less than the opening price on the ASX, on the SPP Harvester™ Acceptance Date.

Investors can opt out of a particular SPP or adjust their application size from their Buying Bower by submitting an application adjustment request. Please note, if the amount requested exceeds the investor's Buying Power, their Buying Power will be applied. An online form for application adjustment requests is contained within the SPP Harvester™ notification email for each upcoming SPP.

The SPP Harvester™ Acceptance Date is 1 business day prior to the date notified by Interactive Brokers as the final date it will accept elections to apply for an SPP.

A price fall protection clause is whereby the price of the SPP shares are calculated as the lower of either a fixed price, or a discount to a price on (or leading up to) the closing date of the SPP. This is typically calculated on a volume weighted average price (VWAP) basis.

The details of each SPP application, including the average sale price, the timing and returns can be accessed here. Past performance of the SPP Harvester™ service is fully transparent with the summary providing an overview of Upcoming SPPs, Current SPP Harvester™ applications, and Past SPPs.

To submit a withdrawal request: Log into Client Portal Select Transfer & Pay followed by Transfer Funds Click Make a Withdrawal Select an instruction from the Saved Withdrawal Information section, or select the Currency from the currency list to see eligible methods Click Use this Method next to your desired method and complete the subsequent screens to complete your request Note, 1 withdrawal per month is free, above this number, Interactive Brokers charge $15 per withdrawal.

Buying Power is the balance in an investors Interactive Brokers cash account, less amounts provisioned for SPPs that have been applied for, but have not yet been allocated to the investor, plus the net proceeds of unsettled sale transactions.

If an SPP is offered by a SPP300 entity is in-the-money, SPP Harvester™ automatically applies for these securities on behalf of investors, subject to having sufficient Buying Power to apply for the minimum amount. To see how much will be invested into each SPP see FAQ: How much will SPP Harvester™ apply for in each Share Purchase Plan? There are 2 instances where SPP Harvester™ will not apply for shares in an SPP: The SPP is not in the money. The investor does not have sufficient Buying Power to apply for at least the minimum application amount for the SPP. What does 'in-the-money’ mean? This means SPP Harvester™ will apply for an SPP on the investor's behalf unless: the SPP does not contain a Price Fall Protection Clause (where the price at which the shares offered under the SPP will be calculated as the lower of a fixed price and a discount to a price on, or prices leading up to, the closing date of the SPP); and the SPP Price is higher than the ASX opening price of the securities on the SPP Harvester™ Acceptance Date (after adjusting for any differences in the dividend or distribution entitlements between the securities to be issued under the SPP and existing securities); or Interactive Brokers does not advise the Manager that the Custodian will accept applications in respect to this particular SPP.

Investors can opt out of a particular SPP or adjust their application size from their Buying Bower by submitting an application adjustment request. Please note, if the amount requested exceeds the investor's Buying Power, their Buying Power will be applied. An online form for application adjustment requests is contained within the SPP Harvester™ notification email for each upcoming SPP.

Investors can terminate their participation in SPP Harvester™ by providing written notice to OnMarket Investment Management by email to spp@onmarket.com.au.

Client accounts of more than $14,000 are eligible to receive credit interest on uninvested cash balances in their securities accounts. Please see here to view the current interest rates on uninvested cash balances for Interactive Brokers accounts. OnMarket does not make any margin on investor’s cash accounts.

High-water marking is applied to prevent the profit based fee from being applied where a cumulative loss exists for the look-back period as at the quarterly billing dates. High-water marking keeps track of cumulative losses per billing period taking into account the balances on the previous look-back dates. For SPP Harvester™, this high-water mark is a 4 quarter look back period. A loss in any of the previous 4 quarters will be added to the look-back period's cumulative losses. A gain in any period will decrease the cumulative loss recorded to date. This is designed to ensure that no profit-based fees are applied to investors who have experienced a net loss in the previous 4 quarters.

SPP Harvester™ will commence sell-down once the shares are allocated to investor accounts and they are available for trading via our Interactive Brokers trading engine. New SPP securities will be systematically sold, subject to a volume constraint algorithm to minimise price impact and provide best execution. Order quantity and volume distribution over the day is determined in accordance with Interactive Brokers’ algorithms which are continuously updated volume forecasts calculated from market data. When the new SPP shares are sold, investors will be emailed a daily trade report. Sale proceeds will be deposited into investor cash accounts in accordance with standard settlement and clearing times.

SPP Harvester™ trades incur a brokerage, or commission fee. Once the shares have been allocated to accounts, SPP Harvester™ will automatically sell all these shares, bar one. The brokerage (or commission) on this sell down is the lesser of: $30 plus 0.4% of sale proceeds, plus any exchange and clearing fees; and 1.28% of sale proceeds The brokerage (commission) on the sell-down can be seen in the activity statement, found via the Client Portal under Reports > Activity Statement. Please note that a reference to brokerage (commission) is also under “Orders & trades”. This refers to the estimated brokerage of orders at the time of the orders are entered, and the final brokerage (displayed on the Activity Statement) may change slightly from this estimate.

SPP Harvester™ purchases 1 share in each of the SPP300 portfolio companies and each share is beneficially owned by the investor. This means that the investor gets the direct benefit from the shares, but the custodian’s name will appear on the company’s shareholder register.

SPP Harvester™ will apply for the maximum amount of shares in each SPP after equally provisioning each investor’s Buying Power to all SPPs open (and in-the-money) at the time of the SPP Harvester™ Acceptance Date. Each application will be rounded down to the nearest acceptable increment under the specific SPP, unless the application is less than the minimum application, in which case it will be rounded up to the minimum application (subject to the investor having sufficient Buying Power). Applications can also be adjusted through submitting a SPP Harvester™ application adjustment request. Once an SPP is announced and the company's SPP booklet has been released to the ASX, SPP Harvester™ will email clients notifying them of the SPP details. SPP Harvester™ investors may increase the size of their application by depositing funds into their cash account ahead of the SPP Harvester™ Acceptance Date. Deposits made one day prior to the SPP Harvester™ Acceptance Date will typically be reflected in an investor's SPP application.

SPP Harvester™ is not a managed fund nor is it a collective investment vehicle or investment scheme. The SPP Harvester™ service offered by OnMarket Investment Management Pty Ltd (OIM) does not constitute a managed discretionary account, managed investment scheme, investor directed portfolio service (IDPS) or IDPS-like scheme under the Corporations Act. OIM is acting on the instructions of the SPP Harvester™ investor at all times (as is set out in the SPP Harvester™ Terms). OIM does not have any discretion to lodge SPP applications, sell securities or make any other investments and must take all actions in accordance with the rules set out in these SPP Harvester™ Terms.

When the custodian accepts an application, this will be shown in the SPP Harvester™ Client Portal under the “Portfolio” tab (scroll down to your individual holdings). Click on the heading “Market Value” to sort the portfolio by Market Value – recent SPPs will appear at the top. Before the custodian undertakes the individual allocations, applications are shown with the extension “SPP”. For example, Challenger would appear as CGF.SPP. Allocations are only made available after the SPP shares begin trading and SPP Harvester™ will not notify you of your allocation. SPP Harvester™ will begin sell-down of your shares once the shares are allocated to individual accounts and they are available for trading via the Interactive Brokers trading engine.

The details of each SPP application, including the average sale price, the timing and returns can be accessed here. Past performance of the SPP Harvester™ service is fully transparent with the summary providing an overview of Upcoming SPPs, Current SPP Harvester™ applications, and Past SPPs.

Securities cannot be transferred out of an investor's SPP Harvester™ portfolio to another broker or person or to the issuer-sponsored sub-register.

To see your cash balance in the Client Portal: Click on Portfolio from the top menu followed by Positions. This will open your Portfolio where you can see your open positions and the actual cash balances under Cash.

The custodian’s role is to hold the shares, register the beneficial ownership of each investor, and provide supervision to give investors assurance that their assets are held securely. A division of one of the world’s most trusted institutions, BNP Paribas, is the custodian for SPP Harvester™.

There is no limit on the amount that can be invested into SPP Harvester™. However, each SPP application will be limited to A$30,000, or in the case of a NZ domiciled company that has obtained ASIC regulatory relief, NZ$50,000. If there are multiple SPPs open at the same time, then investors will need a multiple of $30,000 in their SPP Harvester™ cash account for the Manager to apply for the maximum in each SPP. The time-weighted average funding required to apply for the maximum in all SPPs is on our Past Performance page. If investors are not able to apply for the maximum in each SPP, SPP Harvester™ will invest their funds on a pro rata basis across SPPs that are open (and in the money) at the time of the SPP Harvester™ Acceptance Date.

SPP Harvester™ provides investors with access to Share Purchase Plans (SPPs) undertaken by Australia’s largest 300 ASX listed, liquid, operating entities. SPP Harvester™ automatically buys each investor a 1-share position in 300 ASX listed entities. The share is beneficially registered in each investor’s name and held by a trusted, globally recognised, custodian, BNP Paribas Securities Services. Key benefits of SPP Harvester™ are the minimum capital outlay requirements of acquiring 1 share positions in 300 companies, low transaction costs and removal of the administrative burden of recycling capital compared to doing it yourself. When these companies undertake SPPs, SPP Harvester™ applies for new securities at discounted prices compared to the trading price of pre-existing trading securities. When the securities are allocated by the custodian to an investor’s account and commence trading, SPP Harvester™ automatically sells the new securities, and returns the funds to the investor's cash account, ready for the next SPP. This allows investors to efficiently harvest the discount and recycle capital through SPPs. SPP Harvester™ does all the administration and provides a portal for investors to access and review live positions and performance.

As the shares are held by the custodian on your behalf, you will not receive a CHESS Holding Statement.

ASX listed entities regularly use SPPs to raise capital and to give retail investors the opportunity to purchase securities at a discount to the trading price. Over the 14-year period from 1 January 2008 to 31 December 2021, there was an average of 29 SPPs undertaken by the 300 largest listed entities each year. The highest number of SPPs conducted in a particular year by this group of companies occurred in 2020, with 61 SPPs completed. For Calendar Year 2022, there were been 19 SPPs undertaken by the 300 largest listed entities.

An SPP is a form of capital raising by a listed company that offers shareholders the opportunity to apply for new additional shares. Regulations limit the maximum application per shareholder to $30,000. In order to participate in the SPP, the person must have been a shareholder on the record date set by the company. Typically, an SPP is conducted at a discounted price to the current listed price of the share to encourage shareholders to purchase more shares.

Shareholders can apply in fixed parcel values: generally, the minimum application is $1,000, and shareholders can apply in increments such as $1,000 or $2,500, up to the maximum application size. The minimum application and the parcel increments are set by the company issuing new shares. Applications for SPPs are provisioned against the investor's cash account on the day following the SPP Harvester™ Acceptance Date, and will be reflected in their Buying Power. If the investor's Buying Power, on the SPP Harvester™ Acceptance Date, is below the minimum application amount for a specific SPP, then no application will be made for that investor.

Most SPPs place a cap on the total number of securities that will be issued under the SPP. If an SPP is oversubscribed, the company may upsize the offer, or scale-back applications. Since January 1 2019, in more than 40% of SPPs, investors have received 100% of their application. Even though an SPP may be in-the-money, it may be undersubscribed due to shareholder apathy, lack of funds, oversight, or the administration involved. In this case, investors usually receive an allocation equal to their application. If SPPs are scaled back, it is typically prorated on application size or existing shareholding and excess application funds are refunded to investors. In this instance, investors are allocated less than their application, and the amount that each investor is allocated will depend on the total value of applications received and the company’s scale-back policy.

SPPs are generally, but not always, priced at the lower of: the price paid by institutional investors in an accompanying placement; and a 1-2% discount to the 5-day volume-weighted average price leading up to the SPP closing date. Based on placement discount to the last traded price prior to the announcement as disclosed by the company, SPP discounts amongst the 300 largest companies was 8% in FY22. Note: the price of securities typically converges toward the placement price once the placement is completed.

The maximum that you can invest into each SPP is capped at A$30,000, or in the case of a NZ domiciled company that has obtained ASIC regulatory relief, NZ$50,000.

Follow the steps below: Log in to Client Portal. From the Transfer & Pay menu select Transfer Funds and then Make a Deposit. Select one of the saved deposit instructions and follow the prompts on the screen. Alternatively, create a new deposit instruction by selecting the Currency of the deposit from the drop-down menu. Click Connect or Get Instructions for the method you will use to transfer funds. Follow the remaining instructions provided to initiate the transfer with your bank. When you transfer funds from your bank, make sure you include your SPP Harvester™ Account Number (e.g. U1234567) in the transfer description.

Log in to the SPP Harvester™ Client Portal >> Reports >> under “Default Statements” run “Activity” using arrow on the right hand side >> next to “Period” select “Fiscal Year” from the drop down menu >> next to “Date” select the end date for the applicable financial year from the drop down menu >> next to “Format” select “PDF” from the drop down menu To see franked, unfranked dividends, and franking credits, navigate to Reports >> Tax >> Income Transactions Taxable. The activity statement for the most recent financial year will be made available 2-3 weeks following the end of the financial year. For further information regarding SPP Harvester™ Tax information, please contact spp@onmarket.com.au.

Contact Interactive Brokers Australia on +61 (2) 7251 0088. You will need your username and account number (e.g. U1234567) ready so that they can issue you a new password. If you cannot remember your username or account number, please email SPP@onmarket.com.au asking for your SPP Harvester™ username and account number.

Investors can see current SPP applications from the Client Portal. To do this: 1. Select 'Portfolio Analyst' from the menu at the top. 2. Select 'Concentration Report' from the menu at the top of the screen to show current SPP applications and the amount that has been applied on the investor's behalf.

Investors can log into their Client Portal and select “Performance & Reports”, and then "Portfolio Analyst" from the header. SPP Harvester™ performance since inception can be calculated by subtracting Net Deposits/Withdrawals from the ending New Asset Value. Please note that the performance calculations reflect invested amounts via the investor's account and includes SPP applications that are yet to be allocated.

Investors can log into their SPP Harvester™ Client Portal and select “Portfolio” from the top right bar. The left-hand column of the table titled “Instrument” shows the name and ASX code of the stocks that the investor owns. The next column titled “Position” shows the number of shares owned for each stock. As investors will hold a large number of shares, the website can be slow to respond. If so, a copy of your portfolio can be downloaded in the reports section. To do this, select 'Reports' at the top of the screen and run the 'Activity' report. Under the drop down menu 'Open Positions' will show the portfolio. This includes any SPPs that have recently been applied for but are yet to be allocated, represented as the ASX code followed by ".SPP". For example, Telstra (ASX:TLS) would be 'TLS.SPP'. Alternatively, investors can search for securities in their portfolio by using the search function at the top right of the screen.

To submit a withdrawal request: Log into Client Portal Select Transfer & Pay followed by Transfer Funds Click Make a Withdrawal Select an instruction from the Saved Withdrawal Information section, or select the Currency from the currency list to see eligible methods Click Use this Method next to your desired method and complete the subsequent screens to complete your request Note, 1 withdrawal per month is free, above this number, Interactive Brokers charge $15 per withdrawal.

A price fall protection clause is whereby the price of the SPP shares are calculated as the lower of either a fixed price, or a discount to a price on (or leading up to) the closing date of the SPP. This is typically calculated on a volume weighted average price (VWAP) basis.

Buying Power is the balance in an investors Interactive Brokers cash account, less amounts provisioned for SPPs that have been applied for, but have not yet been allocated to the investor, plus the net proceeds of unsettled sale transactions.

The SPP Harvester™ Acceptance Date is 1 business day prior to the date notified by Interactive Brokers as the final date it will accept elections to apply for an SPP.

For an SPP to be in-the-money, it must either contain a price fall protection clause or the SPP price must be less than the opening price on the ASX, on the SPP Harvester™ Acceptance Date.