Website Disclaimer and Terms of Use

Updated 2026

About this website

This website is operated by Mercurian Equity Pty Ltd (ACN 686 602 022), a Corporate Authorised Representative (No. 1316987) of Providence Equity Holdings Pty Ltd (ACN 612 005 928, AFSL 487419).

No financial product advice

Information on this website is general in nature. It does not take into account your objectives, financial situation or needs. It is not financial product advice, investment advice, legal advice or tax advice, and it should not be relied on as any of those things.

Nothing on this website is an offer, invitation or recommendation to acquire or dispose of any financial product, or to enter any transaction. No offer of any financial product is made through this website.

Before acting on anything you read here, consider whether it is appropriate for you, and obtain advice from a licensed adviser who understands your circumstances.

Our research

We publish sector analysis setting out our views on Australian markets, industries and businesses.

Our research is opinion, informed by sources we identify. Where we cite figures, we name the source so you can check it. We take reasonable care to be accurate at the time of writing, but we do not warrant that any figure, forecast or conclusion is correct, current or complete, and we do not undertake to update anything after publication.

Forward-looking statements are estimates only. They rest on assumptions that may prove wrong, and actual outcomes may differ materially.

Our published views may change. Our own positions may differ from the conclusions we have published, including where circumstances have changed since publication.

Nothing in our research is a recommendation to buy, hold or sell anything. Companies, sectors or transactions we discuss should not be taken to indicate what we hold or what we intend to do.

Past performance is not an indicator of future performance.

Wholesale and sophisticated investors

Where Mercurian offers a financial product, it does so only to persons who qualify as wholesale clients or sophisticated investors under the Corporations Act 2001 (Cth). Those offers are made through separate documentation provided directly, and are not made through this website. This website contains no offer document and no application facility.

Third party links

This website links to third party sites and documents. We do not control them and are not responsible for their content, accuracy or availability. A link is not an endorsement.

Intellectual property

The content of this website, including our published research, text, layout, graphics and the Mercurian Equity name and marks, is owned by Mercurian Equity Pty Ltd or used under licence.

You may read, download and share our research in its original form, including with colleagues and clients. You may not reproduce, republish, alter or use it commercially, or remove attribution, without our written permission.

Liability

To the maximum extent permitted by law, Mercurian Equity Pty Ltd, its directors, employees, advisers and related entities exclude liability for any loss or damage arising from use of this website or reliance on anything in it, including our research.

Nothing in these terms excludes, restricts or modifies any right or remedy you have under the Australian Consumer Law or any other law that cannot lawfully be excluded.

Availability

We do not warrant that this website will be available uninterrupted or free of errors. We may change, suspend or withdraw any part of it without notice.

Governing law

These terms are governed by the laws of Western Australia. You submit to the non-exclusive jurisdiction of the courts of Western Australia and the courts that hear appeals from them.

Contact