This website is owned and operated by QIC Limited ACN 130 539 123 (“QIC”). By viewing this website you agree to be bound by all the terms and conditions in this Disclaimer. QIC may change these terms at any time without notice, and by continuing to access or use the website you accept any changed terms as they may apply from time to time. Unless expressly stated otherwise, QIC is the only entity responsible for the content of the information on this website (the “Information”).

No offer

The Information does not constitute financial product or investment advice or an offer or solicitation to subscribe for, or do anything in respect of, any product or service. The Information does not contain anything in it that forms the basis of any contract or commitment.

Simulations and opinions

Any simulations and opinions presented in the Information result from analysis carried out by QIC at a particular point in time and are no indication whatsoever of future results. The Information is subject to change according to market conditions.

Forward looking statements

Any forward looking statements contained in the Information are not a guarantee of future performance, and actual results, performance or achievements may vary materially. Forward looking statements in the Information involve known and unknown risks and uncertainties and other factors which may be beyond the control of QIC. Investors are reminded that past performance is not a reliable indication of future returns and is not constant over time.

Information is provided for information purposes only

The Information is provided for information purposes only and is not intended to be, and must not alone be taken as, the basis for an investment decision. It has been prepared without taking into account your objectives, financial situation or needs.

The Information is only intended to provide a general overview of the matters with which it deals. The Information is not intended to be comprehensive, nor does it purport to constitute advice.

Prospective investors should conduct their own investigation and analysis of an investment with QIC (or any of its related bodies corporate) and the Information and make their own assessment of the appropriateness of the Information and any proposed investment having regard to their own objectives, financial situation and needs, independently and without reliance on QIC or its respective directors, employees, agents and affiliates. In addition, prospective investors are strongly urged to consult their own legal counsel and financial, accounting, regulatory and tax advisers before making any investment decisions.

Before making any investment decisions, potential investors should consult the relevant disclosure document in order to acquaint themselves with the precise nature of any risks incurred and in particular the risk of capital loss and, where relevant, the liquidity risk of underlying assets. Any investment decision must be made in accordance with investors’ investment objectives, their investment horizon and their capacity to deal with the risk arising from the transaction.  You should do this before making an investment decision by making this assessment yourself, or seeking the assistance of an adviser.

Information subject to change
The Information is subject to change at any time at QIC’s discretion with or without prior notice and QIC is under no obligation to notify any person of any change, including anyone who has printed or had access to a hard copy of the Information. It is recommended that you review the Information provided on or via this website, including this Disclaimer, periodically for changes. QIC will endeavour to ensure that information is updated as soon as practicable when it becomes aware that material changes have occurred.

No warranty

QIC, its subsidiaries, associated entities, their directors, employees and representatives (“QIC Parties”) do not warrant the accuracy, completeness or currency of the Information (including the accuracy of underlying assumptions, or the achievement by QIC of any particular results) and to the extent permitted by law, disclaim all responsibility and liability for any loss or damage of any nature whatsoever (including without limitation any consequential loss) which may be suffered by any person directly or indirectly through relying upon the Information (including in respect of any forward looking statements made in the Information), whether that loss or damage is caused by any fault or negligence of the QIC Parties or otherwise.

To the extent permitted by law, the QIC Parties also disclaim all responsibility and liability for any loss or damage of any nature whatsoever (and including consequential loss) which may be suffered by accessing this website, including the transmission of any computer virus. Without limiting the above matters, the QIC Parties do not warrant the accuracy, completeness or currency of information contained on any website which may be linked to this website.

Links are not recommendations

The inclusion of links on this website to other websites does not comprise or imply support or recommendation of any other company, product or service. We do not control and are not responsible for the information on any other website (other than those with addresses ending with “qic.com”) found through our site. Links to this website are not permitted without the prior written consent of QIC.

No warranty of uninterrupted operation

QIC makes no warranty that the use or operation of this website will be uninterrupted or error free or that the website is suitable for any particular purpose or has any performance, functionality or security features except as we are required to provide by law. To the extent permitted by law, QIC’s liability is limited to resupplying the services accessible through this website.


If the whole or any part of a provision of this Disclaimer is void, unenforceable or illegal in a jurisdiction it is severed for that jurisdiction. The remainder of the Disclaimer has full force and effect and the validity or enforceability of that provision in any other jurisdiction is not affected. This clause has no effect if the severance alters the basic nature of the Disclaimer or is contrary to public policy.

Restricted access
This website is only directed at persons to whom QIC can legally provide the Information in the jurisdictions in which they are located.  This website is not provided to any person who is a resident of a country where it would be prohibited or against local laws to provide the Information in this website.  Any products and services described in this website are only available to persons in jurisdictions in which QIC and QIC Subsidiaries (as defined below) are permitted to market and sell such products and services.  Without limiting the above matters, QIC does not warrant that it holds any authorisations or approvals required in all jurisdictions where the Information may be accessed.  QIC does not and has no intention to offer or sell any funds, products or services in any jurisdiction where such an offer or sale would be unlawful under the relevant domestic law.  You must satisfy yourself as to the laws which are in force in your jurisdiction and that access to the Information accords with the laws of your particular jurisdiction. In particular:

United Kingdom (“UK”)

The Information is being issued to investors inside the UK by QIC European Investment Services Ltd (“QEIS”) (see Relevant QIC Subsidiaries and Products below for further details) and QEIS is the only entity responsible for its contents in that jurisdiction. The Information is issued to and directed only at persons in the UK who are professional clients or eligible counterparties for the purposes of the FCA’s Conduct of Business Sourcebook (“Relevant Persons”).

The promotion of unregulated collective investment schemes by authorised persons is restricted in the UK pursuant to section 238 of the Financial Services and Markets Act 2000 (the “Scheme Promotion Restriction”). However, the Information is exempt from the Scheme Promotion Restriction on the grounds that it is being issued to and directed only at Relevant Persons.

Any investment or investment activity to which the Information relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. The Information must not be acted on or relied on by any other persons in the UK.

United States of America (“US”)

The Information is being issued to investors inside the US by QIC Investments No. 1 Pty Ltd (“QIC Investments”) (see Relevant QIC Subsidiaries and Products below for further details) and QIC Investments is the only entity responsible for its contents in that jurisdiction. The Information is intended:

  1. solely to provide general information about QIC and its subsidiaries and the products and services available through QIC Investments; and
  2. only for investors that are both:
    1. accredited investors within the meaning of the US Securities Act of 1933 (each an “Accredited Investor”); and
    2. qualified purchasers within the meaning of the US Investment Company Act of 1940 (each a “Qualified Purchaser”).

QIC Investments does not intend to solicit or make its services available to the general public in the US. Under no circumstances should the Information be considered as an offer to sell, a recommendation regarding or a solicitation of an offer to buy any securities or interests in products or services sponsored by QIC Investments. Such offers or solicitations will be made in the US only to privately solicited investors that have been pre-qualified as an Accredited Investor or Qualified Purchaser (as applicable) and in accordance with relevant US securities laws. Accredited Investors and Qualified Purchasers are generally deemed sophisticated in financial matters such that they are capable of evaluating the merits and risks of prospective investments.

Use of website

Neither the website nor any software, hardware, application, interfaces and network communication device provided in relation to the website (the Equipment) may be used for the purpose of providing advice to any other person.

No user of the website may, without QIC's prior written consent:

(a)        decompile, reverse engineer or disassemble the Equipment or the website; or

(b)        sell, redistribute, transmit, circulate, disseminate, translate or reduce to or from any electronic medium or machine readable form any data or information provided to the user through the Equipment or the website to any other person.

If QIC makes market information available on the website (Market Information), each user of the website acknowledges that:

(a)        the Market Information is only available for the user's personal use;

(b)        third parties who provide Market Information may assert proprietary interests in such information;

(c)        the accuracy, timeliness or completeness of any Market Information is not guaranteed by QIC or any third party; and

(d)        QIC may, in its absolute discretion, terminate or suspend a user's access to the Market Information at any time without notice to the user.

Intellectual Property
QIC owns and retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all Information, or has a licence or agreement to use that Information where it is owned by someone else. You may only reproduce the Information for personal or non-commercial use, and it must not be reproduced, stored, distributed or transmitted to any other person, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), or used in any other way without the prior written consent of QIC (except to the extent permitted by law).


QIC is a wholesale funds manager and its products and services are not directly available to, and the Information may not be accessed by, retail clients.  QIC is a government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) (“Corporations Act”).

Application of Corporations Act
QIC is registered under the Corporations Act as a public company limited by shares. As a company government owned corporation not all provisions of the Corporations Act apply to QIC.

Being incorporated under the Corporations Act would ordinarily require a funds manager such as QIC to obtain an Australian financial services (“AFS”) licence. Due to its status as a government owned corporation, QIC is currently not required to formally apply for an AFS licence.

QIC therefore does not hold an AFS licence and the financial product disclosure provisions in the Corporations Act do not apply to QIC.

Please note however that some wholly owned subsidiaries of QIC have been issued with an AFS licence and are required to comply with the Corporations Act


QIC Private Capital Pty Ltd (QPC) is a subsidiary of QIC.  QPC is an Australian proprietary limited company which holds an AFS licence (AFSL 298710) and which is subject to oversight by the Australian Securities & Investments Commission.  Important information to help you understand the financial services provided by the company is contained in the company's Financial Services Guide. Please contact us should you require a copy.

Applicable Law

This website and its Terms shall be governed by and construed in accordance with the laws of Queensland, Australia.

Taxation disclosure

No consideration has been given to the impact of any tax and revenue laws on prospective investors. Prospective investors should consult their own tax advisers in relation to any such consequences.

Relevant QIC Subsidiaries and Products:

QIC only carries out investment activities in the countries it is authorised to do so.  QIC Subsidiaries with relevant authorisations are as follows:

Australian Securities and Investments Commission: The following QIC Subsidiaries hold AFSLs:

•           QPC (see above);

•           QIC Retail Pty Ltd (AFSL 298711);

•           QIC Investments No. 1 Pty Ltd (AFSL 408747);

•           QIC Infrastructure Management No. 2 Pty Ltd (AFSL 408742); and

•           QIC Investment No. 3 Pty Ltd (AFSL 419610).

UK Financial Conduct Authority: QIC European Investment Services Limited is authorised (No. 572243) and regulated by the UK Financial Conduct Authority (www.fca.gov.uk).

US Securities and Exchange Commission: QIC Investments No.1 Pty Ltd (ABN 70 122 462 775, AFSL 408747) is registered as investment advisor by the SEC (reference no. 80174058).  QIC US Investment Services Inc (a Delaware registered company) is also registered as investment advisor by the SEC (reference no. 80174064).

Korean Financial Services Commission: QPC is registered with the Financial Services Commission in Korea to provide cross-border investment advisory and discretionary investment management services to Korean resident persons.

QIC products with relevant registrations are as follows:

GFI Absolute Return Bond Fund, a sub-fund of the QIC Global UCITS Trust, which is:

  • authorised in Ireland and regulated by the Central Bank of Ireland;
  • recognised in the UK by the Financial Conduct Authority; and
  • registered with the BaFin for distribution in Germany.

GFI Absolute Return Bond Plus Fund, a sub-fund of the QIC Global UCITS Trust, which is:

  • authorised in Ireland and regulated by the Central Bank of Ireland;
  • recognised in the UK by the Financial Conduct Authority; and
  • registered with the BaFin for distribution in Germany.

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