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one off trade form for existing commonwealth bank or commsec clients

one off trade form for existing commonwealth bank or commsec clients

one off trade form for existing commonwealth bank or commsec clients

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Financial Services Guide | 24How are our representatives remuneratedOur representatives and those of CommSec and Commonwealth Bank are remunerated bysalary and do not directly receive any commissions <strong>or</strong> fees. They may be eligible <strong>f<strong>or</strong></strong> a bonuspayment which is discretionary, and based on achievement of pre-determined businessobjectives. These may include:• Business Outcomes• Customer Service• People Engagement• Special Tasks• People PrinciplesOur representatives may also be eligible to:• Shares in incentives (both m<strong>one</strong>tary and non-m<strong>one</strong>tary) rewarded <strong>f<strong>or</strong></strong> outstandingservice;• Receive a free grant of Commonwealth Bank shares under the Commonwealth Bank’sEmployee Share Acquisition Plan (ESAP); and• Participate in the Commonwealth Bank’s long term incentive program. This incentive isin the <strong><strong>f<strong>or</strong></strong>m</strong> of Commonwealth Bank shares that only vest at a prescribed point in thefuture where the Commonwealth Bank attains certain share per<strong><strong>f<strong>or</strong></strong>m</strong>ance hurdles. It isentirely discretionary and is based on a representative’s contribution to the businessover time; and• Receive indirect benefits stemming from advice provided to you. Indirect benefits includesuch things as business lunches, tickets to sp<strong>or</strong>ting and cultural events (including overseasstudy tours), c<strong>or</strong>p<strong>or</strong>ate promotional merchandise and other min<strong>or</strong> benefits unquantifiableat this stage from product providers whose products they recommend.

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