Accident Insurance Disclosure Statement

World Taekwondo Pty LTD ACN 072 958 680 Insurance Disclosure Statement January 2011

INTRODUCTION

World Taekwondo as a company limited by guarantee has an obligation under requirements of the Australian Securities and Investment Commission (ASIC) to disclosure to members certain information pertaining to the accident insurance that is payable upon enrolment with World Taewkondo.

STATEMENTS

• World Taekwondo PTY LTD arranges insurance policies for its members through Insurance Brokers.


• World Taekwondo PTY LTD does not receive or any form of financial incentive from the broker or underwriter for the provision of the insurance policies.


• World Taekwondo PTY LTD does not place a surcharge on the fees that it charges its members for the insurance coverage.


• Policy includes Public Liability to protect the insured for personal injury and property damage to third parties.


• Policy includes Professional Indemnity to protect the insured for breach of professional duty.


• Policy includes Member Accident cover to provide certain covers to members for non-Medicare related costs incurred as a result of injuries sustained whilst participating in World Taekwondo activities.


• Policy period is from the time of joining up till March first of each calendar year.


• World Taekwondo PTY LTD does not hold an Australian Financial Services (‘AFS’) licence. Members should consider obtaining their own financial product advice about the insurance from an AFS licensee or their authorised representative.


• Members may request a copy of the terms and conditions of the policy which will be provided within a reasonable time at no charge by emailing to info@worldtaekwondo.com.au