The policy mentioned below is due for renewal on and payable by Page 1 of 6

13/08/2021.
TAX INVOICE
This document will be a tax invoice
for GST when you make payment
Invoice Date: 6/08/2021
Mr C Vagg
Invoice No: 34692
1380 Neerim East Road
Our Reference: VAGG-C
NEERIM EAST VIC 3831 Should you have any queries in relation to this account,
please contact your Account Manager
Phil Wilson

Class of Policy: QBE Pleasure Craft RENEWAL

Insurer: QBE Commercial Policy No: 1M3M056709PCR
628 Bourke Street, Melbourne, VIC 3000
Period of Cover:
ABN: 78 003 191 035
From 13/08/2021
The Insured: Mr Colin Vagg
to 13/08/2022 at 4:00 pm
Details: See attached schedule for a description of the risk(s) insured

2014 Johnston Cruiser Cabin - Reg.MD594

Your Premium:
Premium UW Levy Fire Levy GST Stamp Duty Broker Fee
$3,255.84 $0.00 $0.00 $358.58 $358.14 $330.00

TOTAL $4,302.56
(Excluding Credit Card fee)
Credit Card fee (inc GST) is $64.54

Acct Name: Interpacific Insurance Brokers Pty Ltd Trust Account

Our Reference: VAGG-C
BSB: 083004 Account: 436506803
Invoice No: 34692
Reference: VAGG-C 34692
Acct Man: P Wilson
Mail this portion with your cheque payable to:
Interpacific Insurance Brokers
PO Box 1169
South Melbourne VIC, 3205

To pay with your

Mastercard - Visa
Call (03) 9696 6099

AMOUNT DUE $4,302.56

Schedule of Insurance Page 2 of 6

Class of Policy: QBE Pleasure Craft Policy No: 1M3M056709PCR

The Insured: Mr Colin Vagg Invoice No: 34692
Our Ref: VAGG-C

QBE Australia
ABN 78 003 191 035
AFS Licence No. 239545 of Level 5, 2 Park Street Sydney
PERIOD OF COVER : 13/08/2021 TO 13/08/2022

INSURED : MR COLIN VAGG

ABN :
____________________________________________________________
PLEASURECRAFT

Risk No. : 001

POSTCODE WHERE STORED : 3915

VESSEL SECTION
--------------
Vessel Sum Insured $ 250000
NCB :25%
Excess $ 2000
Vessel Type : Cruiser - cabin
Vessel Name : ORION
Vessel Rego. No : MD594
Vessel Make : JOHNSTON
Construction : Steel
Length : 13.5 metres
Year Built : 2014
Racing Risk : No racing / not applicable

MOTOR SECTION
-------------
Main Motor $ As per policy wording
- Make : Detroit
- Type : Inboard
- Year Built : 1995
- Fuel : Diesel
- Horsepower : 125.0
- Serial number : TBA

Auxiliary Motor $ As per policy wording

TRAILER SECTION
---------------
Trailer Sum Insured $ Not Insured
- Make :
- Registration No. :
- Year Built :

EQUIPMENT SECTION
-----------------
Equipment Sum Insured $ 5814

SCHEDULE EQUIPMENT
------------------
Type : RADAR
Make : KODEN RADAR HEAD UNIT & ANTENA
Sum Insured $ 3500

Type : RADIO
Make : PCM HF RADIO
Sum Insured $ Not Supplied

Type : RADIO
Make : ICOM VHF
Sum Insured $ Not Supplied

Type : RADIO
Schedule of Insurance Page 3 of 6

Class of Policy: QBE Pleasure Craft Policy No: 1M3M056709PCR

The Insured: Mr Colin Vagg Invoice No: 34692
Our Ref: VAGG-C

Make : KINGSTON TS80 27 MEG

Sum Insured $ Not Supplied

Type : RADIO
Make : GME 27 MEG
Sum Insured $ Not Supplied

Type : AUTO PILOT

Make : COURSEMASTER
Sum Insured $ Not Supplied

Type : PLOTTER
Make : SIEWA EXPLORER 111
Sum Insured $ Not Supplied

Type : COMPASS
Make : SUUNTO
Sum Insured $ Not Supplied

Type : OUTBOARD
Make : 15HP MERCURY
Sum Insured $ Not Supplied

Type : DINGHY
Make : POLYCRAFT 3M
Sum Insured $ Not Supplied

Type : LIFE RAFT

Make : CRUISER 6P PACKED IN CANNISTER
Sum Insured $ 2305

MASTS/SPARS/SAILS/RIGGING SECTION
---------------------------------
Masts / Spars /
Sails / Rigging $ As per policy wording
Rigging Type :

LIABILITY SECTION
-----------------
Limit of Liability $ 10000000
Water Skiers Liability: N

SUM INSURED EXCESS

TOTAL SUM INSURED $ 255815 $ 2000
NOTE: SEE SCHEDULE OF CLAUSES BELOW

Clauses Applicable:
-------------------
ST2 QM2707 STEADFAST PLEASURE CRAFT
*Subject to the terms, conditions and limits as detailed in the Steadfast Pleasure Craft
Product Disclosure Statement and Marine Insurance Policy QM2707.

ST3 STEADFAST ENHANCED COVER

(Attaching to and forming part of Steadfast Pleasure Craft Product Disclosure Statement and
Marine Insurance Policy QM2707)

The following additional benefits are included in your Policy:

1. Children's toys and children's recreational water sports equipment

We will pay up to $200 to replace children's toys and children's recreational water sports
equipment if these are accidentally damaged as a result of their use or enjoyment whilst
you are onboard your pleasure craft.
Schedule of Insurance Page 4 of 6

Class of Policy: QBE Pleasure Craft Policy No: 1M3M056709PCR

The Insured: Mr Colin Vagg Invoice No: 34692
Our Ref: VAGG-C

For the purpose of this benefit, children's toys and recreational water sports equipment
will include any object designed to be played with a child under the age of 10, any
children's float or buoyancy device and swimming aids.

If you make a claim for loss or damage to children's toys and children's recreational water
sports equipment, the excess payable will be $100 for each and every claim.

2. Sporting equipment

The additional benefit for Sporting equipment on page 32 of your Policy wording is amended
to increase the limit to $1,500 any one item and $10,000 in total for any one claim.

3. Personal Effects

The additional benefit for Personal effects on page 33 of your Policy wording is amended to
increase the limit to:

- $800 any one item for all mobile phones, prescription glasses or sunglasses; and
- $1,000 any one item and $12,500 in total for all other personal effects.

The sections of the Policy called

- 'What you are not covered for - Loss of or damage to your Pleasure craft'
- 'What you are not covered for - Legal liability'
- 'When you are not covered'
also apply to this endorsement.

TMV BOS - MARKET VALUE

Basis of settlement is market value in the event of a total loss or constructive total loss
claim.
____________________________________________________________
Schedule of Insurance Page 5 of 6

Class of Policy: QBE Pleasure Craft Policy No: 1M3M056709PCR

The Insured: Mr Colin Vagg Invoice No: 34692
Our Ref: VAGG-C

INSURANCE CONTRACTS ACT 1984

IMPORTANT NOTICES
For your protection under federal legislation, we are required to inform you of your duty of disclosure and draw your attention to the following important
information.

YOUR DUTY OF DISCLOSURE

Before you enter into a contract of general insurance with an insurer, you have a duty under the Insurance Contracts Act 1984 to disclose to the insurer, every
matter that you know is relevant to the insurer’s decision, whether to accept the risk of the insurance and if so, on what terms.
You have the same duty to disclose those matters to the insurer before you renew, extend, vary or reinstate a contract of general insurance. Your duty,
however, does not require disclosure of matter:
— that diminishes the risks to be undertaken by the insurer;
— that is of common knowledge;
— that your insurer knows or, in the ordinary course of its business, ought to know;
— as to which compliance with your duty is waived by the insurer.

NON-DISCLOSURE
If you fail to comply with your duty of disclosure, the insurer may be entitled to reduce its liability under the contract in respect of a claim or cancel the
contract.
If your non-disclosure is fraudulent, the insurer may also have the option of avoiding the contract from its beginning.

AVERAGE
Your policy may be subject to an Average Clause.
The effect of this type of clause is, in the event of a claim for partial loss of property insured, the insurer need pay only a proportion of the amount of the loss.
This will be assessed on a formula using as a basis the full value of the item insured and the sum insured relating to it.
— Replacement Value $100.000 Sum Insured $45,000 Partial Loss of $50,000
(a) The insurer pays in the following proportion –

(Sum Insured) $45,000 x $50,000

_______________________ _________ ________ = $25,000
(90% of Replacement Value) $90,000 1

(b) YOU BEAR THE BALANCE.

It is important that your property is insured for its replacement value.
Your policy may have an average clause which operates on a different percentage, and if so, application would vary according to the particular clause in your
policy. It is important therefore that you check your policy.

SUBROGATION
Your policy of insurance may provide that you will not be able to recover under it if you enter into any agreement which excludes or limits your right of
recovery from other parties: therefore you must not have agreed and must not agree to give away any of your rights because that will affect the insurer’s right
to recover from those other parties.

DISPUTE FACILITY
Clients who are not fully satisfied with our services should contact our Customer/Complaints Officer. Interpacific Insurance Brokers also subscribe to the
Australian Financial Complaints Authority (AFCA), a free customer service and the General Insurance Brokers Code of Practice. Further information is
available from this office.

PRIVACY POLICY
Interpacific Insurance Brokers Pty. Ltd. recognises the importance of your privacy. We understand your concerns about the security of personal information
and are committed to protecting the personal information that we hold about you.
We only collect and hold information about you that is necessary for us to perform the services you request from us, and we handle it in accordance with the
introduced national privacy sector privacy legislation. We may disclose it to Insurers, and other Insurance industry representatives as required, as well as other
service providers.
You can gain access to personal information that we hold about you, subject to some exceptions under privacy legislation. For further information on our
privacy policy, please visit our website, www.interpacific.net or contact our office.

CANCELLATION WARNING (RETENTION OF BROKERAGE AND FEES)

Schedule of Insurance Page 6 of 6

Class of Policy: QBE Pleasure Craft Policy No: 1M3M056709PCR

The Insured: Mr Colin Vagg Invoice No: 34692
Our Ref: VAGG-C

If a cover is cancelled before expiry of the period of insurance, we reserve the right to refund to you only the net return premium we receive from the insurer,
and not refund any part of the brokerage or fees we received for arranging the cover. A broker service fee may also be charged to process the cancellation.

Important Information
Renewal of this policy has been arrange based on the information you have previously provided and on which we and the
Insurer have relied. If you have not provided to us all the material information or you discover that the information provided is
inaccurate, please contact us immediately so that we can reconfirm with the Insurer the terms and premiums for your
renewal.

We take this opportunity to remind you that you have a duty to disclose all information which is material to your coverage
requirements and which might influence the Insurer in deciding to accept your business, what terms to impose and the cost
of the cover. This is an ongoing responsibility throughout the period of cover. Failure to disclose this information may allow
the insurer to avoid the policy.

We will earn brokerage paid by the insurer out of the premium payable to them on the placement of this policy and we may
also charge an Admin Fee / Brokers Fee on the policy.

General Advice Warning

This advice has been prepared without taking into account the client's objectives, financial situation or needs:

Because of that, before acting on the above advice, the client should consider its appropriateness (having regard to their
objectives, needs and financial situation);

If the advice related to the acquistion of an insurance contract, the client should obtain a PDS relating to the product before
deciding whether to acquire it.