Meridian Allocation

Meridian Allocation

Meridian Allocation

TERMS


Terms governing access to Meridian Allocation.


These Terms govern access to the Meridian website, public research and any paid Meridian subscription service.

By purchasing a subscription or otherwise using a service governed by these Terms, you agree to comply with them.

Operated by: Meridian Allocation
Last updated: July 2026

These Terms should be read with the Privacy Policy, Cancellation Policy and Limitations & Disclosures.

Agreement to these Terms

By accessing or using the Meridian Allocation website, purchasing a subscription, or accessing any Meridian Allocation research or materials, you confirm that:

  • you have read, understood, and agree to be bound by these Terms of Use;

  • you have also reviewed our Privacy Policy, Financial Information Disclaimer, and any subscription or cancellation terms presented to you;

  • you are at least 18 years old and have the legal capacity to enter into this agreement;

  • Meridian Allocation provides general, impersonal research and educational information only;

  • Meridian Allocation does not provide personalised financial, investment, legal, tax, accounting, or other professional advice;

  • you remain responsible for assessing whether any information, model allocation, portfolio framework, or research material is appropriate for your objectives, financial circumstances, risk tolerance, and legal or tax position;

  • any decision to acquire, hold, sell, rebalance, or otherwise deal with a financial product is made independently by you; and

  • investment markets involve risk, including the possible loss of capital, and no outcome, level of performance, or degree of loss protection is guaranteed.

If you do not agree to these Terms, you must not use the website, purchase a subscription, or access Meridian Allocation materials.

We may update these Terms from time to time. Any updated Terms will apply from the effective date stated on this website. Where a change materially affects an existing paid subscription, we will provide reasonable notice before the change takes effect.

Nothing in these Terms excludes, restricts, or modifies any right or remedy that cannot lawfully be excluded under the Australian Consumer Law or other applicable legislation.

Eligibility

You may access or subscribe to Meridian Allocation only if:

  • you are at least 18 years old;

  • you have the legal capacity to enter into a binding agreement;

  • your access to Meridian is lawful in the country or jurisdiction where you are located;

  • you are accessing Meridian for your own legitimate research or informational purposes;

  • you are capable of making your own investment decisions or obtaining independent professional advice where required; and

  • you agree to the Terms of Use, Privacy Policy, Financial Information Disclaimer, and Subscription Terms.

We may refuse, restrict, suspend, or terminate access where we reasonably believe these requirements have not been met.

Meridian may not be suitable for you

Meridian is not designed for people seeking:

  • personalised financial advice;

  • individual security recommendations;

  • trading alerts or short-term market calls;

  • guaranteed investment returns;

  • guaranteed protection against losses;

  • daily portfolio instructions;

  • tax, legal, accounting, or financial planning advice; or

  • an assessment of whether a particular investment is suitable for their personal circumstances.

Meridian provides general, impersonal allocation research. It does not consider your personal objectives, financial circumstances, investment experience, existing portfolio, risk tolerance, liquidity needs, tax position, or legal circumstances.

Your responsibility

By accessing or subscribing to Meridian, you acknowledge that:

  • all investment decisions remain your responsibility;

  • model allocations and research materials are not tailored to you;

  • you must independently assess whether any information is appropriate for your circumstances;

  • you should obtain appropriately qualified professional advice where necessary;

  • you are responsible for the implementation, monitoring, costs, tax consequences, and risks of any investment decision you make; and

  • investing involves the risk of loss, including the possible loss of capital.

Access to Meridian does not mean that Meridian has assessed or confirmed that the service is suitable for you.

Geographic restrictions

Meridian is operated from Australia.

Our website and research materials are not directed at any person in a jurisdiction where their distribution, access, or use would be unlawful or would require Meridian to obtain a registration, licence, authorisation, or approval that it does not hold.

You are responsible for confirming that you may lawfully access and use Meridian from your location.

We may restrict access from particular countries or jurisdictions at our discretion.

Institutional and professional use

Advisers, researchers, asset allocators, investment professionals, and other organisations may review Meridian materials for general research purposes.

Unless otherwise agreed in writing, a subscription does not permit you to:

  • reproduce or redistribute Meridian research;

  • provide Meridian materials to clients or third parties;

  • present Meridian research as your own;

  • use Meridian materials to provide a managed account or investment service;

  • commercially exploit Meridian’s methodology, allocations, or intellectual property; or

  • rely on Meridian as a substitute for your own professional, fiduciary, legal, or regulatory obligations.

Separate licensing or commercial terms may be required for organisational or client-facing use.

Eligibility confirmation

By continuing, you confirm that:

  1. you meet the eligibility requirements above;

  2. you understand the nature and limitations of Meridian’s research;

  3. you are not relying on Meridian as personalised financial advice; and

  4. you accept responsibility for your own investment decisions.

If you do not meet these requirements, you must not create an account, purchase a subscription, or access subscriber-only materials.

Meridian’s services

Meridian Allocation provides general, impersonal macro allocation research through its public website and, where applicable, its paid subscription service.

Public website

The public website may include:

  • general information about Meridian Allocation;

  • educational material concerning macro regimes, portfolio structure, asset behaviour and risk control;

  • selected research notes, articles and commentary;

  • illustrative examples of Meridian’s allocation framework;

  • sample or historical extracts from allocation materials;

  • information about subscriptions, pricing and product features; and

  • other material made publicly available by Meridian from time to time.

Public website content may be changed, removed, corrected or updated without notice.

Research notes

Meridian may publish research notes addressing matters such as:

  • macro regime classification;

  • growth and inflation conditions;

  • portfolio structure and macro sensitivity;

  • the changing role of equities, bonds, commodities, gold and cash;

  • risk, volatility and drawdown considerations; and

  • general principles of regime-aware allocation.

Research notes are intended to explain portfolio conditions, allocation logic and structural risks. They are not intended to provide continuous market commentary, short-term trading instructions or personalised recommendations.

Monthly allocation packets

The core Meridian research product is the monthly allocation packet.

A packet may include:

  • the current raw and confirmed macro regime;

  • growth and inflation signal direction;

  • the model allocation for the relevant period;

  • changes from the previous allocation;

  • the role of each portfolio exposure;

  • the rationale for the cash position;

  • applicable volatility, drawdown or portfolio constraints;

  • transition and confirmation status;

  • key portfolio risks;

  • conditions that may cause the allocation to change; and

  • other supporting analysis selected by Meridian.

Packets are generally produced on a monthly cycle. Meridian does not undertake to issue daily updates, intra-month trading alerts or immediate responses to every market event.

Any allocation shown in a packet is a general model allocation. It is not prepared for, or adjusted to reflect, the circumstances of any individual subscriber.

Packet archive

Meridian may maintain an archive containing previous monthly allocation packets and related research.

The archive is intended to provide a historical record of:

  • the information available to the framework at the relevant time;

  • the regime classification used;

  • the allocation decision made;

  • the stated risk posture; and

  • the conditions identified for a future change.

Archive access may depend on the subscriber’s plan, subscription status, date of joining or other conditions stated on the website.

Archived materials reflect the information and methodology applicable when they were published. They may not reflect later market conditions, corrections, methodology changes or current Meridian views.

Paid subscription service

A paid subscription may provide access to:

  • current monthly allocation packets;

  • subscriber-only research notes;

  • some or all of the packet archive;

  • explanatory material concerning Meridian’s framework and allocation decisions;

  • email notifications when new research is published; and

  • other features expressly included in the subscription plan selected by the subscriber.

The exact inclusions, subscription period, price, billing terms and access conditions are those displayed on the relevant subscription or checkout page at the time of purchase.

Meridian may improve, replace, remove or modify individual features where reasonably necessary. Any material change affecting a paid subscriber’s core service will be handled in accordance with the applicable Subscription Terms and Australian Consumer Law.

What the service does not include

Unless Meridian expressly agrees otherwise in writing, the service does not include:

  • personalised financial product advice;

  • an assessment of a subscriber’s objectives, financial situation, needs or risk tolerance;

  • individual portfolio construction or financial planning;

  • recommendations tailored to a subscriber’s existing investments;

  • securities dealing, trade execution or brokerage services;

  • custody or management of subscriber funds or assets;

  • discretionary portfolio management;

  • monitoring of a subscriber’s personal portfolio;

  • tax, legal, accounting or compliance advice;

  • daily trading signals, market alerts or instructions to transact;

  • direct access to Meridian’s proprietary models, source code, calculations or internal systems;

  • a guarantee that research will be published on a particular date or at a particular frequency beyond the service expressly purchased; or

  • any guarantee of returns, outperformance, capital preservation or protection against loss.

Subscribers remain responsible for deciding whether and how to use Meridian research, obtaining professional advice where appropriate, and implementing and monitoring any investment decisions they make.

Access to Meridian research does not create an adviser-client, fiduciary, agency, partnership or portfolio-management relationship between Meridian and the subscriber.

Research status and limitations

Meridian Allocation publishes general, impersonal macro allocation research. Meridian materials may include macro regime classifications, research notes, model portfolio allocations, model ETF weights, risk-control analysis, historical materials, monthly allocation packets and related educational commentary.

Meridian does not consider any user’s personal objectives, financial situation or needs when preparing its research. Meridian does not provide personal financial product advice, individual portfolio recommendations, discretionary portfolio management, trade execution, brokerage, custody, financial planning, legal advice, tax advice or accounting advice.

To the extent that any Meridian material constitutes financial product advice, it is general advice only and not personal advice.

General advice warning

Any general financial product advice provided by Meridian has been prepared without taking account of your objectives, financial situation or needs.

Before acting on that advice, you should consider whether it is appropriate having regard to your objectives, financial situation and needs. Where the advice relates to the acquisition or possible acquisition of a particular financial product, you should obtain and consider the relevant disclosure document, including any applicable Product Disclosure Statement, before making a decision.

Meridian research is based on model assumptions and general market information. It is not designed for any particular subscriber, and access to the service does not create an adviser-client, fiduciary, agency, brokerage, custody or portfolio-management relationship.

Further information about Meridian’s methodology, assumptions, data, model limitations, performance presentation, backtesting, market risks and other important qualifications is available on the Limitations & Disclosures page. That page should be read together with these Terms and each relevant research note or monthly allocation packet.

Subscriber access

Delivery by email

Meridian currently delivers paid subscriber materials by email to the email address nominated by the subscriber.

Subscriber materials may include:

  • monthly allocation packets;

  • subscriber-only research notes;

  • updates or corrections;

  • publication notifications; and

  • links to any subscriber-only materials made available by Meridian.

The subscriber is responsible for providing and maintaining a valid email address and for ensuring that emails from Meridian are not blocked, redirected or incorrectly classified as spam.

A subscriber must promptly notify Meridian if their email address changes or if they stop receiving materials included in their subscription.

Meridian is not responsible for delivery failures caused by incorrect contact details, email filtering, mailbox capacity, service-provider outages or other matters outside Meridian’s reasonable control. Where Meridian becomes aware that delivery has failed, it may take reasonable steps to resend the relevant material.

Access credentials and links

Meridian does not currently require subscribers to create login credentials to receive monthly allocation packets.

Where Meridian provides a private download link, access link, password or other method of restricted access, that information must be treated as confidential and used only by the subscriber to whom it was issued.

Meridian may introduce a subscriber portal, login credentials or another access system in the future. Any credentials issued must be kept secure and must not be disclosed to another person.

Single-user access

Unless the applicable subscription plan or a separate written agreement expressly states otherwise, each subscription is provided to one individual subscriber only.

A subscriber must not:

  • forward subscriber-only emails, packets or attachments to another person;

  • share private access links, passwords or login credentials;

  • permit another person to use their subscription;

  • upload subscriber materials to a shared drive, group, platform or database;

  • reproduce or distribute subscriber materials within an organisation; or

  • otherwise provide another person with access to paid Meridian research.

Access by a company, investment team, advisory business or other organisation may require a separate commercial or multi-user agreement.

Security responsibility

Subscribers are responsible for maintaining the security of:

  • the email account used to receive Meridian materials;

  • any device on which subscriber materials are stored;

  • any private access link or password provided by Meridian; and

  • any login credentials introduced as part of the service.

A subscriber must notify Meridian promptly if they believe that their email account, access link, password or subscription has been compromised or used without permission.

Meridian may suspend access, invalidate an access link or require credentials to be changed where it reasonably suspects unauthorised use, credential sharing or a security risk.

Ownership and permitted use

Payment for a subscription provides a limited right to access and use Meridian materials for the subscriber’s own personal, non-commercial research purposes.

It does not transfer ownership of the materials or grant a right to reproduce, distribute, publish, resell, sublicense or commercially exploit them.

Any broader use requires Meridian’s prior written permission.

Fees, billing and automatic renewal

Available subscription plans

Meridian offers the following paid subscription options:

  • Monthly

  • Quarterly

  • Annual

The subscription fee, currency, billing interval and any applicable taxes will be displayed before you complete your purchase.

Unless otherwise stated at checkout:

  • all prices are stated in Australian dollars;

  • the fee displayed at checkout is the total amount payable for the initial subscription period.

The subscription price does not include any fee, currency-conversion charge, foreign transaction charge or other amount imposed independently by your bank, card issuer or payment provider.

Payment provider

Subscription payments are processed by Stripe.

Meridian does not directly process or retain complete payment-card details. Payment information is provided to and handled by the payment provider in accordance with its own terms and privacy practices.

By purchasing a subscription, you authorise Meridian and its payment provider to charge the payment method selected at checkout for:

  • the initial subscription fee;

  • each recurring renewal payment;

  • any applicable taxes disclosed at checkout; and

  • any other amount that you expressly authorise.

You are responsible for providing current and accurate billing information and maintaining a valid payment method.

Automatic renewal

Subscriptions renew automatically unless cancelled before the applicable renewal date.

When you purchase a subscription:

  • a monthly subscription renews every month;

  • a quarterly subscription renews every three months; and

  • an annual subscription renews every twelve months.

The initial subscription fee is charged when the purchase is completed.

Each renewal payment is ordinarily charged on the same calendar date on which the subscription began. For example, a monthly subscription beginning on 12 August will ordinarily renew on 12 September.

Where the corresponding date does not exist in a renewal month, the payment may be taken on the final day of that month. Processing times and time-zone differences may cause the transaction to appear on a bank statement on a different date.

Each renewal begins a new subscription period equal to the billing interval selected by the subscriber. Unless otherwise required by law or stated in these Terms, the subscription continues until cancelled.

Renewal information

Before completing a purchase, the subscriber will be shown:

  • the subscription price;

  • the applicable currency;

  • the billing interval;

  • whether GST or another tax is included;

  • that the subscription renews automatically;

  • when the next payment is expected to be taken; and

  • how the subscription may be cancelled.

A purchase confirmation will be sent to the subscriber’s nominated email address and should record the plan selected, amount paid and applicable renewal interval.

Meridian may also send renewal reminders. A failure to receive a reminder does not prevent renewal where the automatic-renewal arrangement was properly disclosed and the subscription has not been cancelled.

Price changes

Meridian may change its subscription prices from time to time.

A price change will not alter the fee already paid for the subscriber’s current subscription period. The new price will apply from a subsequent renewal date.

Meridian will provide affected subscribers with at least 30 days’ notice of a price increase by email or another reasonable electronic method. The notice will state:

  • the new subscription price;

  • the date on which it will apply;

  • the subscriber’s current billing interval; and

  • how to cancel before the new price is charged.

Where an annual subscription renews within 30 days of notice being issued, the existing price will continue for that renewal unless the subscriber expressly agrees otherwise.

Continuing the subscription after the notified effective date authorises Meridian to charge the new price at the next applicable renewal. A subscriber who does not accept the new price must cancel before that renewal date.

Failed payments

If a payment cannot be processed, Meridian or its payment provider may:

  • attempt to process the payment again;

  • ask the subscriber to update their payment information;

  • temporarily suspend access to paid subscriber materials; or

  • cancel the subscription after reasonable notice.

Meridian will not intentionally charge additional late-payment or failed-payment fees unless those fees were clearly disclosed and agreed to in advance.

Receipts and tax invoices

A payment confirmation, receipt or tax invoice will be delivered electronically to the subscriber’s nominated email address or made available through the payment provider.

Subscribers are responsible for ensuring that their billing and tax information is accurate.

Cancellation and refunds

Cancellation stops your subscription from renewing automatically. It does not ordinarily end the subscription immediately.

Your cancellation will take effect at the end of your current paid subscription period:

  • monthly subscribers retain access until the end of the current monthly period;

  • quarterly subscribers retain access until the end of the current three-month period; and

  • annual subscribers retain access until the end of the current twelve-month period.

To avoid the next renewal charge, you must submit your cancellation request before the renewal payment is processed.

If a cancellation request is received after a renewal payment has already been processed, the cancellation will ordinarily take effect at the end of the newly renewed subscription period, subject to any refund rights described below.

Meridian will send confirmation of the cancellation to your nominated email address. You should contact Meridian promptly if you do not receive confirmation.

Remaining subscriber access

Until the cancellation takes effect, you will continue to receive the subscriber materials included in your plan, including any monthly allocation packets published during the remainder of your paid subscription period.

After the subscription expires:

  • you will no longer receive new paid subscriber materials;

  • any subscriber-only access links may be disabled;

  • access to any subscriber archive or portal may end; and

  • materials previously delivered to you remain subject to these Terms, including all restrictions on copying, sharing, redistribution and commercial use.

Cancellation does not transfer ownership of Meridian materials or authorise their continued distribution after the subscription ends.

Refunds

Cancelling a subscription does not ordinarily entitle you to a refund for:

  • the current subscription period;

  • any unused portion of a monthly, quarterly or annual subscription;

  • a change of mind;

  • a failure to read or use materials that were made available; or

  • a cancellation request received after a renewal payment was processed.

Meridian may provide a refund or correct a payment where:

  • you were charged more than once for the same subscription period;

  • an incorrect amount was charged;

  • Meridian expressly agrees to a refund under the complete Cancellation Policy; or

  • a refund or other remedy is required under the Australian Consumer Law or another applicable law.

Nothing in these Terms excludes, restricts or modifies any consumer guarantee, right or remedy that cannot lawfully be excluded.

Requests for a refund must be submitted to support@meridianallocation.com and include the subscriber’s name, subscription email address, payment date and reason for the request.

Refund eligibility will be assessed under the complete Cancellation Policy, these Terms and applicable law.

Acceptable use

You must use the Meridian website, subscription service and research materials only for lawful purposes and in accordance with these Terms.

You must not:

  • use Meridian in a way that breaches any applicable law, regulation or third-party right;

  • interfere with, disrupt, damage or impair the operation, availability, security or performance of the website or subscription service;

  • attempt to gain unauthorised access to any account, system, server, database, restricted page or subscriber-only material;

  • bypass, disable, defeat or interfere with any access control, authentication, security or technical restriction;

  • introduce, upload, transmit or distribute any virus, malware, ransomware, spyware, malicious code or other harmful material;

  • conduct vulnerability testing, penetration testing, scanning or probing without Meridian’s prior written permission;

  • use automated tools, bots, scrapers, crawlers or data-extraction methods to access, copy or collect Meridian content without prior written permission;

  • impersonate another person, misrepresent your identity or use another subscriber’s access details;

  • use Meridian to facilitate fraud, unlawful conduct, market manipulation, misleading activity or infringement of intellectual property;

  • overload the website or make requests designed to place an unreasonable burden on Meridian’s systems;

  • modify, reverse engineer, decompile or attempt to extract the source code, underlying models or proprietary methodology of any Meridian system, except where that restriction is prohibited by law; or

  • assist, encourage or permit another person to engage in any prohibited conduct.

Meridian may investigate suspected misuse and may restrict, suspend or terminate access where it reasonably believes that these Terms have been breached, the security of the service is at risk, or continued access may cause harm to Meridian, its subscribers or another person.

Where appropriate, Meridian may preserve relevant records and report suspected unlawful conduct to service providers, regulators, law-enforcement authorities or other affected parties.

Nothing in this section limits any other right or remedy available to Meridian under these Terms or applicable law.

Intellectual property


All intellectual property rights in Meridian and the services are owned by, or licensed to, Meridian Allocation.

This includes rights in:

  • Meridian research notes, articles and monthly allocation packets;

  • the packet format, structure, layout, design and presentation;

  • written explanations, charts, tables, graphics and visual materials;

  • model allocations, classifications, calculations and research outputs;

  • proprietary models, rules, processes, methodologies, frameworks, parameters and decision logic;

  • databases, compilations, archives and historical research records;

  • website content, page designs, software and technical systems;

  • the Meridian Allocation name, logos, branding, taglines and other brand elements; and

  • all revisions, adaptations, updates and derivative materials created by Meridian.

Meridian retains these rights whether the relevant material is made available publicly, delivered by email, included in a paid subscription or provided in another format.

Nothing in these Terms transfers ownership of Meridian’s intellectual property to a subscriber.

General ideas, facts, market data and concepts that are not capable of ownership remain subject to applicable law. However, Meridian’s original expression, selection, arrangement, analysis, presentation and compilation of those materials remain protected to the extent permitted by law.

Third-party materials remain the property of their respective owners and may be subject to separate licence terms.

Limited subscriber licence

While your paid subscription remains active, Meridian grants you a limited, non-exclusive, non-transferable, non-sublicensable and revocable permission to access and use the subscriber materials delivered under your subscription.

This permission is:

  • limited to one individual subscriber;

  • for your own personal, non-commercial research and informational use;

  • subject to these Terms; and

  • limited to the materials included in the subscription plan you purchased.

You may download and retain a reasonable number of copies of materials delivered to you for your own records and personal use.

Your subscription does not grant permission to:

  • copy, reproduce or republish Meridian materials, except for reasonable personal record-keeping;

  • forward packets, research emails, attachments or private access links to another person;

  • distribute materials within a business, investment team, adviser network, client group or organisation;

  • post Meridian materials publicly or upload them to a website, social network, forum, shared drive or database;

  • sell, licence, sublicense, rent or otherwise commercially exploit Meridian materials;

  • remove or alter any copyright, confidentiality, attribution or proprietary notice;

  • modify Meridian materials and present the modified version as Meridian research;

  • use Meridian’s research, allocations or methodology to provide a commercial investment, advisory, publishing or managed-account service;

  • use Meridian materials to train, develop, test or improve an artificial-intelligence model, machine-learning system, commercial database or competing research product;

  • systematically extract, scrape, catalogue or reconstruct Meridian’s research archive;

  • reverse engineer or attempt to derive Meridian’s proprietary models, calculations, parameters, source code or internal decision systems; or

  • use Meridian’s name, branding or materials in a way that suggests endorsement, affiliation or authorisation without prior written permission.

Quoting and attribution

You may quote brief extracts from publicly available Meridian content for legitimate commentary, discussion or citation, provided that:

  • the extract is not misleading or taken out of context;

  • Meridian Allocation is clearly identified as the source;

  • the use does not disclose paid subscriber-only material;

  • the use is not primarily commercial; and

  • the amount used is reasonable in the circumstances.

This permission does not apply to complete packets, substantial extracts, allocation tables, subscriber-only research or proprietary methodology.

Organisational and commercial use

A personal subscription does not permit access or use by multiple people, a company, an advisory practice, an investment team or another organisation.

Any organisational, client-facing, republication, data-licensing or commercial use requires Meridian’s prior written approval and may be subject to a separate licence and additional fees.

End of the licence

The limited permission granted under this section ends when:

  • your subscription expires or is terminated;

  • Meridian terminates your access for breach of these Terms; or

  • the permission is otherwise withdrawn in accordance with these Terms.

After your subscription ends, you may retain materials previously delivered to you solely for your own private records. You must not continue distributing, reproducing, publishing or commercially using those materials.

Any provisions concerning ownership, confidentiality, attribution, prohibited use and enforcement continue after the subscription ends.

Intellectual-property concerns

If you believe that material available through Meridian infringes your intellectual-property rights, contact support@meridianallocation.com and provide sufficient information for Meridian to identify and assess the relevant material.

Sharing and redistribution

Subscribers may download, save and retain copies of monthly allocation packets and other subscriber materials delivered or made available during their paid subscription.

These copies may be used only for the subscriber’s own personal, non-commercial research, reference and record-keeping purposes.

After a subscription ends, the subscriber may continue to retain materials previously lawfully downloaded or delivered to them for those limited purposes. Ending a subscription does not provide any continuing right to receive new materials or access a subscriber archive, portal or restricted download area.

Prohibited uses

Unless Meridian gives prior written permission or the use is otherwise permitted by law, subscribers must not:

  • republish or reproduce any subscriber material in full or in substantial part;

  • forward, share or distribute packets or subscriber-only research to another person;

  • sell, resell, license, sublicense or otherwise commercially exploit subscriber materials;

  • use subscriber materials as part of a paid product, publication, advisory service, managed account, research service or commercial database;

  • upload subscriber materials to a public website, social-media platform, forum, file-sharing service, shared drive, database or other publicly or collectively accessible location;

  • distribute subscriber materials within a company, investment team, advisory practice, client group or other organisation under a personal subscription;

  • systematically download, copy, extract, compile, reproduce or archive Meridian materials;

  • reconstruct or create a substitute for Meridian’s packet archive, research service, models or proprietary database;

  • remove or obscure any copyright, attribution, confidentiality or proprietary notice; or

  • authorise, assist or permit another person to engage in any prohibited use.

The fact that a subscriber can technically download, copy, forward or upload a material does not grant permission to do so.

Limited extracts and lawful use

Nothing in these Terms is intended to prevent:

  • the use of brief extracts from publicly available Meridian materials with appropriate attribution where permitted by law;

  • conduct expressly authorised by Meridian in writing; or

  • any fair dealing, statutory exception, consumer right or other use that cannot lawfully be excluded, restricted or modified.

Any permitted use must not falsely suggest that Meridian endorses the user, has authorised a commercial service, or is responsible for modified or out-of-context material.

All rights not expressly granted under these Terms are reserved by Meridian.

Publication timing and service availability

Monthly publication schedule

Meridian ordinarily prepares and publishes one monthly allocation packet for each monthly allocation period.

The packet is generally prepared after the relevant month-end data becomes available and is intended to be delivered before, or around the beginning of, the next monthly allocation period.

This schedule is an expected operating cadence only. Unless Meridian expressly agrees otherwise in writing, it is not a guarantee that a packet will be published or delivered on a particular date or at a particular time.

Research notes and other subscriber materials may be published at Meridian’s discretion and are not subject to a fixed publication schedule.

Publication delays

A packet or other subscriber material may be delayed where reasonably necessary because of:

  • delayed, unavailable, incomplete or unreliable market data;

  • data-verification or calculation issues;

  • technical failures, cybersecurity incidents or email-delivery problems;

  • maintenance or disruption affecting Meridian or a third-party service provider;

  • illness, incapacity or other unforeseen personal circumstances;

  • operational, staffing or administrative disruption;

  • events outside Meridian’s reasonable control; or

  • the need to correct, review or verify research before publication.

Where a material delay occurs, Meridian will use reasonable efforts to notify affected subscribers and publish or deliver the relevant material when reasonably practicable.

Meridian may postpone publication rather than issue research based on information it reasonably considers incomplete, unreliable or insufficiently verified.

Service availability

Meridian does not promise that the website, email-delivery service, packet archive, subscriber portal, access links or other service features will be available continuously, without interruption or without error.

Access may be temporarily restricted or unavailable because of:

  • planned or emergency maintenance;

  • technical or telecommunications failures;

  • third-party hosting, payment, email or infrastructure outages;

  • cybersecurity or access-control measures;

  • legal or regulatory requirements; or

  • other reasonable operational causes.

Meridian may modify the method by which subscriber materials are delivered, provided that subscribers continue to receive the core service they purchased or an equivalent method of access.

Nothing in this section excludes, restricts or modifies any right or remedy that cannot lawfully be excluded under applicable law.

Third-party services and links

Meridian uses third-party services to operate the website, process payments, collect information, deliver research and communicate with subscribers.

Stripe

Meridian uses Stripe to process subscription payments, recurring charges, refunds and related payment administration.

When you make a payment, your payment details are submitted to and processed by Stripe. Stripe handles that information under its own terms, privacy policy and security practices.

Meridian may receive transaction and billing information made available by Stripe, such as:

  • your name and contact details;

  • the subscription plan purchased;

  • the amount and currency charged;

  • payment status;

  • transaction references;

  • limited payment-method information; and

  • information required to administer cancellations, renewals, failed payments or refunds.

Meridian does not control Stripe’s systems or payment-processing decisions. A payment may be delayed, declined, reversed or subject to additional verification by Stripe, your financial institution or another participant in the payment system.

Tally

Meridian may use Tally to provide forms, including:

  • waitlist forms;

  • subscriber enquiries;

  • eligibility confirmations;

  • feedback or research forms;

  • contact requests; and

  • other information-collection forms.

Information entered into a Tally form is transmitted through Tally’s systems and then made available to Meridian. Tally processes information under its own terms and privacy policies.

You should not enter confidential financial information, account passwords, payment-card details or other sensitive information into a Meridian form unless the form specifically requests it and Meridian has confirmed that the form is appropriate for that purpose.

Email providers

Meridian uses third-party email and communications providers to:

  • deliver monthly allocation packets;

  • send subscriber-only research;

  • provide billing, renewal and cancellation notices;

  • respond to enquiries;

  • send operational or service-related communications; and

  • distribute newsletters or marketing communications where permitted.

The delivery, filtering, storage and security of email may depend on Meridian’s providers and the subscriber’s own email provider.

Meridian does not guarantee that every email will be delivered without delay or will avoid spam, junk or security filtering. Subscribers are responsible for maintaining a valid email address and checking relevant filtered-email folders.

Website hosting and technical infrastructure

Meridian relies on third-party providers for website hosting, domain services, data storage, security, analytics, content delivery and other technical infrastructure.

These providers may process technical information required to operate and secure the service, including IP addresses, device information, browser information, access logs and security-event data, as described in Meridian’s Privacy Policy.

Meridian may replace or change its service providers where reasonably necessary to maintain, secure or improve the service.

The availability of Meridian may be affected by maintenance, outages, security incidents or operational failures involving a third-party provider. Meridian does not promise uninterrupted or error-free access.

ETF issuer and product information

Meridian research may refer to information published by ETF issuers, index providers, exchanges, regulators, market-data providers and other external sources.

This may include:

  • fund objectives and investment strategies;

  • holdings and asset exposures;

  • fees and expenses;

  • distribution information;

  • benchmark details;

  • historical prices or returns;

  • Product Disclosure Statements;

  • fact sheets; and

  • other product or market information.

Meridian may summarise, analyse or link to this information but does not operate or control the relevant external source.

Third-party information may be changed, corrected, delayed or withdrawn without notice. Subscribers should consult the current information and disclosure documents published by the relevant ETF issuer before making any decision concerning a financial product.

A reference to an ETF, issuer, index or other third party does not imply sponsorship, endorsement, partnership or approval unless Meridian expressly states otherwise.

All third-party names, trade marks and materials remain the property of their respective owners.

External links

The Meridian website, research notes and monthly allocation packets may contain links to third-party websites, documents, products or services.

External links are provided for reference and convenience. Meridian does not control the content, availability, security, accuracy or privacy practices of third-party websites.

The inclusion of a link does not necessarily mean that Meridian:

  • endorses the third party;

  • recommends its products or services;

  • has verified all information on the linked page;

  • accepts responsibility for the third party’s conduct; or

  • has an affiliation or commercial relationship with it.

Accessing an external website may allow that third party to collect information from you. Your use of the website or service is governed by the third party’s own terms, privacy policy, cookie policy and other applicable rules.

Subscribers should review those documents before providing information, creating an account, making a payment or relying on third-party content.

Third-party terms and availability

Third-party services are separate from Meridian and operate under their own terms, policies and procedures.

Meridian cannot guarantee that a third-party service will:

  • remain available;

  • continue offering the same functionality;

  • operate without interruption or error;

  • maintain its current pricing or policies; or

  • be suitable for every subscriber or jurisdiction.

Where a third-party disruption materially affects the paid Meridian service, Meridian will take reasonable steps to restore delivery, use an alternative delivery method or otherwise address the disruption.

Further information about how Meridian and its service providers handle personal information is available in the Privacy Policy.

Nothing in this section excludes, restricts or modifies any right or remedy that cannot lawfully be excluded under applicable law.

Changes to Meridian and these Terms

Changes to the service

Meridian may modify, improve, replace or discontinue parts of the website or subscription service where reasonably necessary to:

  • improve the quality, security or operation of the service;

  • update the way research is prepared, presented, delivered or accessed;

  • respond to changes in technology, data sources or third-party providers;

  • correct errors or remove outdated material;

  • comply with legal, regulatory or licensing requirements;

  • protect Meridian, its subscribers or third parties from security, misuse or operational risks; or

  • maintain the commercial viability of the service.

Minor changes that do not materially reduce the core paid service may be made without advance notice.

Meridian will provide reasonable advance notice before making a material change that significantly reduces the core features or access included in an existing paid subscription.

Where practicable, a material change will take effect from the subscriber’s next renewal period rather than during a period that has already been paid for.

If a material adverse change must take effect during a current paid period, Meridian will provide affected subscribers with an appropriate remedy, which may include:

  • continued access to the previous service until the end of the paid period;

  • an alternative service of reasonably equivalent value;

  • the ability to cancel without penalty; or

  • a proportionate refund for the materially affected unused portion of the subscription, where appropriate or required by law.

Changes to pricing

Meridian may change the price of monthly, quarterly or annual subscriptions.

A price change will not alter the amount already paid for the subscriber’s current subscription period.

Unless a shorter period is required by law or agreed to by the subscriber, Meridian will provide at least 30 days’ notice before a price increase applies to an existing subscriber.

The notice will explain:

  • the new price;

  • the applicable currency and billing interval;

  • the date the new price will take effect;

  • the renewal payment to which it will apply; and

  • how to cancel before the new price is charged.

A price increase will ordinarily apply from the first renewal occurring after the notice period has expired.

Subscribers who do not accept the new price may cancel before that renewal date. Cancellation will take effect in accordance with the Cancellation Policy.

Changes to the methodology

Meridian may review and refine its research methodology over time.

Changes may include adjustments to:

  • data sources and market proxies;

  • calculation methods;

  • regime-classification rules;

  • confirmation requirements;

  • asset definitions or investable exposures;

  • portfolio constraints;

  • volatility or drawdown controls;

  • transaction-cost assumptions;

  • presentation formats; and

  • other research processes.

Meridian may make corrections, technical adjustments and immaterial refinements without advance notice.

Material methodology changes will be disclosed through an updated methodology document, monthly allocation packet, research note or other reasonable subscriber communication. Where relevant, Meridian will explain:

  • what changed;

  • when the change became effective;

  • whether historical results or prior packets were restated; and

  • whether the change affects how current allocations should be interpreted.

Meridian does not undertake to preserve a methodology indefinitely where changing data, research findings, legal requirements or operational circumstances reasonably support an amendment.

A methodology change does not guarantee improved performance or future investment outcomes.

Changes to these Terms

Meridian may amend these Terms where reasonably necessary to:

  • reflect changes to the service, pricing or delivery model;

  • add new features or subscription plans;

  • clarify existing provisions;

  • correct errors or inconsistencies;

  • respond to changes in law, regulation or regulatory guidance;

  • address security, misuse or operational risks; or

  • protect Meridian’s legitimate commercial or intellectual-property interests.

The current version of the Terms will be published on the website with its effective date.

Minor, administrative or beneficial changes may take effect when published.

Meridian will give existing paid subscribers reasonable advance notice of any material change that:

  • affects the core service they purchased;

  • introduces a material new obligation;

  • materially limits an existing subscriber right;

  • changes how subscriber materials may be accessed or used; or

  • otherwise materially affects the subscription relationship.

Notice may be provided by email, through the website or through another reasonable electronic method.

Urgent changes

Meridian may make a change without advance notice where immediate action is reasonably required to:

  • comply with law, a court order or a regulatory requirement;

  • respond to fraud, misuse or a cybersecurity threat;

  • correct a material error;

  • prevent harm to Meridian, a subscriber or another person; or

  • address an urgent technical or operational issue.

Where reasonable, Meridian will notify affected subscribers after the change and explain its effect.

Acceptance of updated Terms

By continuing to access or use Meridian after updated Terms take effect, you agree to the updated Terms, provided that the change and its effective date were reasonably disclosed to you.

Continued use will not be treated as acceptance where affirmative consent is required by law.

Where a material change adversely affects an existing paid subscription, Meridian may require the subscriber to expressly accept the updated Terms. If the subscriber does not accept them, the subscription may end at the close of the current paid period, unless applicable law requires another outcome.

Any use of Meridian before the effective date of an amendment remains governed by the Terms that applied at the relevant time.

Nothing in this section permits Meridian to make a change, impose a charge or remove a right in a manner prohibited by law. Nothing excludes, restricts or modifies any consumer right or remedy that cannot lawfully be excluded.

Suspension and termination

Grounds for suspension or termination

Meridian may restrict, suspend or terminate a subscriber’s access where it reasonably believes that:

  • a subscription payment is overdue, declined, reversed, disputed or otherwise not received;

  • the subscriber has shared subscriber-only emails, packets, access links, passwords or other credentials without permission;

  • the subscription is being used by more than one person or for unauthorised organisational or commercial purposes;

  • the subscriber has used Meridian unlawfully, fraudulently or in a way that infringes another person’s rights;

  • the subscriber has attempted unauthorised access, interfered with the operation or security of the service, or introduced malicious code;

  • Meridian’s research, intellectual property or subscriber materials have been copied, republished, resold, systematically reproduced or distributed without permission;

  • the subscriber has provided false or materially misleading account, eligibility or payment information;

  • continued access creates a material security, legal, regulatory or operational risk;

  • suspension or termination is required by law, a court, a regulator or a service provider on which Meridian reasonably relies; or

  • the subscriber has otherwise committed a material breach of these Terms.

Meridian will exercise these rights reasonably and having regard to the nature, seriousness and consequences of the relevant conduct.

Non-payment

Where a payment fails, Meridian may temporarily suspend delivery of paid materials while it or its payment provider attempts to process the payment or asks the subscriber to update their payment information.

Where the outstanding amount is paid within the period stated in Meridian’s notice, access may be restored.

Meridian may terminate the subscription if payment remains outstanding after reasonable notice and an opportunity to correct the issue.

Notice and opportunity to remedy

Where reasonably practicable, Meridian will notify the subscriber before suspending or terminating access. The notice will identify:

  • the reason for the proposed action;

  • whether access will be suspended or terminated;

  • when the action will take effect; and

  • whether the subscriber can remedy the issue.

Where a breach can reasonably be corrected, Meridian may give the subscriber a reasonable period to do so before termination.

Meridian may suspend access immediately and without advance notice where reasonably necessary to:

  • address suspected fraud, unlawful conduct or a cybersecurity threat;

  • prevent unauthorised distribution of subscriber materials;

  • protect Meridian, its systems, its subscribers or another person from material harm;

  • comply with a legal or regulatory requirement; or

  • respond to conduct that cannot reasonably be remedied while access continues.

Where advance notice is not reasonably practicable, Meridian will provide notice as soon as reasonably possible, unless doing so would be unlawful or would compromise an investigation or security response.

Effect of suspension

During a suspension:

  • the subscriber may stop receiving paid research and monthly allocation packets;

  • private access links or credentials may be disabled;

  • access to any archive, portal or subscriber-only area may be restricted; and

  • automatic renewal may continue unless the subscription is separately cancelled or Meridian states otherwise.

Where Meridian determines that no breach occurred, it will restore access and, where the suspension materially deprived the subscriber of paid services, provide an appropriate remedy. This may include extending the subscription, restoring missed materials, issuing an account credit or providing a proportionate refund.

Where the suspension resulted from the subscriber’s breach, non-payment or security failure, Meridian is not required to extend the subscription or compensate the subscriber for the period of suspension, except where required by law.

Effect of termination

Termination ends the subscriber’s right to receive new paid materials and may immediately end access to any archive, portal, private link or subscriber-only area.

Materials previously lawfully downloaded may be retained only for the subscriber’s own personal, non-commercial records. All restrictions concerning copying, sharing, republication, commercial use, confidentiality and intellectual property continue after termination.

Termination does not affect any rights, obligations or liabilities that arose before the termination date.

Refund consequences

Where Meridian terminates a subscription because of a material breach by the subscriber:

  • no refund will ordinarily be provided for services or access already supplied;

  • Meridian may take into account the unused portion of any prepaid subscription period;

  • Meridian will not retain more than is reasonably necessary to account for services already supplied, loss caused by the breach or another amount lawfully recoverable; and

  • any refund rights that cannot lawfully be excluded will continue to apply.

A subscriber will not receive a refund merely because access was reasonably suspended while an overdue payment, security issue or suspected breach was investigated.

Where Meridian terminates a subscription for operational or commercial reasons unrelated to the subscriber’s conduct, Meridian will provide reasonable notice where practicable and either:

  • continue providing access until the end of the paid subscription period;

  • provide a reasonably equivalent method of receiving the remaining service; or

  • refund the proportion of the prepaid fee attributable to the service Meridian will not provide.

Review of a decision

A subscriber may ask Meridian to review a suspension or termination decision by contacting support@meridianallocation.com and providing relevant information.

Meridian will consider the request reasonably but is not required to restore access where the grounds for suspension or termination remain unresolved.

Nothing in this section excludes, restricts or modifies any consumer right or remedy that cannot lawfully be excluded under applicable law.

Consumer rights

Nothing in these Terms is intended to exclude, restrict or modify any consumer guarantee, right, remedy, condition, warranty or liability that cannot lawfully be excluded, restricted or modified under the Australian Consumer Law, the Australian Securities and Investments Commission Act 2001 (Cth), or any other applicable law.

Where applicable, Meridian’s services come with statutory rights and guarantees. These may include requirements that services:

  • are provided with due care and skill;

  • are reasonably fit for a purpose made known to Meridian, where the law imposes that requirement; and

  • are supplied within a reasonable time where no time for supply has been agreed.

If Meridian fails to comply with an applicable statutory guarantee or warranty, you may be entitled to a remedy. Depending on the circumstances and the seriousness of the failure, that remedy may include:

  • having the service supplied again;

  • recovering the reasonable cost of obtaining the service again;

  • cancelling the affected service or subscription;

  • receiving a refund or proportionate refund; or

  • compensation for reasonably foreseeable loss or damage.

The remedy available will depend on the applicable law, the nature of the failure and whether the failure is capable of being remedied.

Any limitation, exclusion, disclaimer, suspension, termination, cancellation or refund provision in these Terms applies only to the maximum extent permitted by law.

Nothing in these Terms:

  • requires you to waive a statutory consumer right;

  • imposes a shorter period for exercising a right than the law permits;

  • limits your right to seek a remedy directly from Meridian where the law gives you that right; or

  • represents that refunds or other remedies are unavailable where they are required by law.

Meridian’s voluntary cancellation, refund or service policies operate in addition to, and do not replace, any rights or remedies available under applicable law.

Liability

Nothing in these Terms excludes, restricts or modifies any consumer guarantee, statutory warranty, right, remedy or liability that cannot lawfully be excluded, restricted or modified.

This section applies only to the maximum extent permitted by law.

Meridian’s responsibility

Subject to the remainder of this section, Meridian is responsible for direct loss or damage that:

  • was reasonably foreseeable;

  • was directly caused by Meridian’s breach of these Terms, negligence or other legally enforceable obligation; and

  • is not otherwise excluded or limited by these Terms or applicable law.

Meridian is not responsible merely because a subscriber experiences an investment loss, an unfavourable market outcome or a result that differs from a model allocation, research conclusion or historical analysis.

Investment decisions and market losses

Meridian provides general, impersonal research. It does not control financial markets, financial products, subscriber portfolios or the timing, pricing or execution of subscriber transactions.

To the extent permitted by law, Meridian is not liable for loss arising from:

  • movements in financial markets, interest rates, currencies, commodities or financial-product prices;

  • the performance, failure or insolvency of an ETF, issuer, broker, bank, custodian or other third party;

  • a subscriber’s decision to acquire, hold, sell, rebalance or otherwise deal with a financial product;

  • a subscriber’s implementation of, departure from or reliance on a model allocation;

  • transaction costs, taxes, brokerage fees, spreads, slippage or execution delays;

  • reliance on archived, superseded or out-of-date research; or

  • circumstances occurring after the relevant research was prepared or published,

except to the extent that the loss was directly caused by Meridian’s breach of a duty or obligation and that liability cannot lawfully be excluded or limited.

Excluded categories of loss

To the extent permitted by law, Meridian is not liable for any indirect, consequential, special, incidental, exemplary or punitive loss.

Meridian is also not liable for loss of profit, revenue, opportunity, anticipated savings, business, goodwill, reputation or data, except where that loss:

  • is a direct and reasonably foreseeable consequence of Meridian’s breach; and

  • cannot lawfully be excluded or limited.

Nothing in this section excludes liability merely because a particular category of loss is described by a label. The nature and legal character of the loss will be determined under applicable law.

Liability cap

Subject to the exclusions from the cap stated below, Meridian’s total aggregate liability arising out of or in connection with:

  • these Terms;

  • the website;

  • a subscription;

  • Meridian research or subscriber materials; or

  • any failure to provide the service,

whether arising in contract, negligence, statute or otherwise, is limited to the greater of:

  1. the total subscription fees paid by the affected subscriber to Meridian during the 12 months immediately preceding the event giving rise to the claim; and

  2. AUD 1,000.

The liability cap applies to all related events and claims collectively. It is not increased by the number of claims made, legal grounds relied upon or persons involved.

Liabilities that are not capped

The liability cap does not apply to liability arising from:

  • Meridian’s fraud or fraudulent misrepresentation;

  • Meridian’s wilful misconduct;

  • death or personal injury caused by Meridian’s negligence;

  • any liability that Meridian has expressly agreed in writing will be uncapped; or

  • any liability, statutory right or remedy that cannot lawfully be excluded or limited.

Statutory guarantees and warranties

Where applicable law permits Meridian’s liability for breach of a statutory guarantee, condition or warranty to be limited, Meridian’s liability is limited, at Meridian’s option, to:

  • supplying the affected services again; or

  • paying the reasonable cost of having the affected services supplied again.

This limitation applies only where it is lawful, fair and reasonable to do so.

It does not apply where the relevant services are of a kind for which the law prohibits that limitation, or where another statutory remedy must be provided.

Subscriber contribution and mitigation

To the extent permitted by law, Meridian’s liability will be reduced proportionately to the extent that the relevant loss was caused or increased by:

  • the subscriber’s act or omission;

  • the subscriber’s breach of these Terms;

  • information supplied by the subscriber that was inaccurate or incomplete;

  • the subscriber’s failure to take reasonable steps to reduce or avoid the loss; or

  • the act or omission of another person for whom Meridian is not legally responsible.

Meridian remains responsible to the extent that its own conduct caused or contributed to the loss.

Application of this section

This section applies to Meridian Allocation Michael Gao, its officers, employees, contractors and agents, but only to the extent permitted by law.

It should be read together with the Australian Consumer Rights section and the Limitations & Disclosures page.

If any limitation or exclusion in this section is found to be invalid or unenforceable, it will be applied to the greatest extent permitted by law. The remaining provisions will continue to operate.

Governing law

These Terms are governed by the laws of VICTORIA, AUSTRALIA, subject to any rights that apply under another jurisdiction and cannot lawfully be excluded.

Contact information

Questions about these Terms may be submitted through the Meridian contact page.

Operated by: Michael Gao

Email: support@meridianallocation.com
Location: Victoria, Australia

Contact: here