6. Third Party online access authority
Where you appoint a Third Party to access and use Macquarie Online on your behalf:
- You authorise the Third Party to view the information of your portfolio on Macquarie Online, and if you indicate in the relevant appointment, deduct fees, transact and otherwise operate your portfolio on your behalf.
- You will notify Macquarie promptly if:
a) you suspect the Third Party is using the access without your authorisation, or
b) you believe the Third Party is breaching any of these conditions of use or the terms of their appointment. - You acknowledge that unless otherwise specified, the Third Party is appointed by you and is not Macquarie's agent, and that accordingly, where Macquarie has acted properly, without negligence or fraud, you:
a) accept responsibility and agree to reimburse Macquarie for any expense, loss or liability (howsoever characterised) incurred as a result of the Third Party misusing Macquarie Online, and
b) release us from claims and liabilities in connection with any misuse of Macquarie Online by a Third Party. - Where you give authority to a Third Party you must specify whether or not the appointment is in respect of an individual, a group of individuals, or the business as a whole. Subject to clause 8 (Your instructions) we will act on instructions provided the proper Codes have been used.
- The authority of a Third Party takes effect on the date that we amend our records to note the appointment and continues until you cancel it by telling us in writing. Cancellation also takes effect on the date that we amend our records to note the change.
