Privacy Statement
Hyperion Asset Management Limited (Hyperion)
understands and appreciates that you, as a Hyperion website
visitor, are concerned about the confidentiality and security
of information Hyperion may collect about you. Hyperion is
committed to providing you with a range of investment resources
and information on our services within a secure and confidential
on-line environment. Our privacy statement sets out, for your
information:
What information
we may collect from you.
How your information may
be used or disclosed.
The security of any information
you provide.
Cookies - what are they and
how are they used in the Site.
Acceptance and Changes to
Privacy Statements.
How you may access and correct
your information.
How you can contact us.

WHAT INFORMATION WE COLLECT FROM YOU
The information that we collect about you
will depend on the functions that you use within Hyperion
. We will not collect any information that identifies you
as an individual unless you knowingly provide it to us. Any
personal information you supply will be used only in accordance
with this Privacy Statement. If you browse on the Site, read
or download information, our system will record the date and
time of your visit and the pages viewed and information downloaded.
USE AND DISCLOSURE OF INFORMATION
Any information we collect from you via the
Site, may be made available to, or used by, your adviser,
any member of Hyperion Asset Management or any entity carrying
out functions on behalf of Hyperion Asset Management for:
a) the purpose of enabling Hyperion Asset
Management to provide products, services or information to
you in accordance with your requests or reasonable expectations;
b) the purpose of enabling Hyperion Asset
Management to ascertain whether or not it has other services
or products which may foreseeably meet your needs, and to
notify you about these;
c) the purposes of enabling Hyperion Asset
Management's research, planning, product development, risk
assessment, risk modelling and marketing; and
d) any other purpose required by or to the
extent permitted by law.
We will only disclose personal information
to third party entities carrying out functions on behalf of
Hyperion Asset Management on a confidential basis.
You should note that information we collect
from you may also be disclosed to third parties if that disclosure
is required by or to the extent permitted by law.

SECURITY OF YOUR INFORMATION
Hyperion takes reasonable steps to preserve
the security of personal information it collects via the Site.
Your user name and password are encrypted with 1024 bit encryption
for privacy during transmission using the SSL protocol. To
ensure your browser is compatible, your browser software must
have been purchased or upgraded within the last twelve months.
Upgrades are available through the relevant website www.netscape.com
or www.microsoft.com
Your account information is password and
user ID protected and we recommend you do not divulge your
password or user ID to anyone. Unfortunately, no data transmission
over the internet can be guaranteed as totally secure. Accordingly,
although Hyperion strives to protect such information, Hyperion
cannot ensure or warrant the security of any information you
transmit to us or receive from our online products or services
and you do so at your own risk. Once we receive your transmission,
we take reasonable steps to preserve the security of information
on our own system. From time to time the Site may contain
links to other web-sites, and Hyperion is not responsible
for the privacy practices or the content of these web sites.
COOKIES
A cookie is a small data file placed on your
computer by the Hyperion Asset Management server. A cookie
contains information about your visit to the Site. When you
visit the Site again, our server will look for the cookie
and structure itself based on the information provided. A
cookie identifies your computer to our web server when you
visit the Site. We do not use the cookie to store personal
information about you. Hyperion Asset Management uses browser
cookies to improve the speed and reliability of our security
system. It is recommended that you turn off any cookie warnings
in your browser before using this Site, otherwise you may
not be able to use the full functionality of this Site.

ACCEPTANCE AND CHANGES TO PRIVACY STATEMENTS
You acknowledge and accept that your use
of the Site indicates your acceptance of the Site terms and
conditions of use and this Privacy Statement. This Privacy
Statement may change from time to time, so please check back
occasionally. Any information collected after an amended Privacy
Statement has been posted on this site will be subject to
that amended Privacy Statement.

ACCESS AND UPDATING OF INFORMATION
You are able to access and update the personal
information that we hold about you at any time. To amend personal
information that Hyperion holds you should contact your adviser.
Please note that there may be a cost associated with this
service.

HOW YOU CAN CONTACT US
If you have any questions or feedback about
this statement or any privacy issues concerning Hyperion Asset
Management, please contact the Privacy Officer by e-mail on
clientservices@hyperionam.com.au.
6 December 2001