Terms and Conditions for Dividend Auto-Invest Plan

09 January 2026

These Terms and Conditions (“Terms”) govern the provision and use of Dividend Auto-Invest Plan (“DAIP”) services offered by Tiger Brokers (AU) Pty Limited (“TBAU”, “we”, “our”, or “us”). These Terms supplement, and must be read together with, the Client Agreement, Financial Services Guide, Risk Disclosure Statement for Securities and ETFs, Fractional Share Trading Disclosure, and any other product- or service-specific terms and conditions applicable to your account, including but not limited to the FAQs published on our website, as amended from time to time. In the event of any inconsistency between the Client Agreement and these Terms, these Terms prevail in relation to the DAIP.

By enabling, maintaining or instructing TBAU in relation to the DAIP, you are deemed to have read, understood and agreed to be bound by these Terms.

Nature of the Instruction

The Dividend Auto-Invest Plan constitutes a standing instruction by which you authorise TBAU to use the net cash dividends credited to your account to acquire additional shares of the same security or financial product, collectively “Eligible Product”,  from which the dividend originated, provided that the security or financial product is currently eligible for DAIP and you continue to hold the Eligible Product at the time of processing.

DAIP currently applies only to U.S.-listed securities and ETFs that support fractional share trading. DAIP does not apply to cash dividends resulting from corporate actions offering optional or elective distributions, and such dividends will not be applied under DAIP.

Scope, Eligibility and Exclusion

You may maintain only one DAIP. Once DAIP is enabled, all future net cash dividends received from any Eligible Product that you hold, which is not limited to the Eligible Products you currently hold, will be automatically earmarked for reinvestment unless you specifically elect to exclude that Eligible Product.

If you wish to exclude an Eligible Product from DAIP for an upcoming dividend cycle, you must deselect the Eligible Product in the DAIP settings no later than the trading day immediately preceding the dividend payment date (US Eastern Time for current Eligible Products). Exclusion instructions received after this cut-off point will not be effective for that dividend cycle.

Eligibility criteria, markets covered, and cut-off point requirements are determined solely by TBAU may be amended, restricted or withdrawn at any time without prior notice. Please refer to the DAIP FAQ in the help centre on our website for more details and updated information.

Funding Requirements

For cash accounts, you must maintain sufficient cash in the relevant currency to enable execution of the DAIP Order. Where margin lending facility is available to TBAU’s clients, margin accountholders participating the DAIP authorise TBAU to utilise margin financing where the available cash balance is insufficient.

Processing of DAIP Orders

A DAIP Order will generally be placed on the trading day following the dividend payment date, during the morning trading session of the relevant exchange. The processing of each DAIP Order is conditional upon:

  • the relevant Eligible Products being included in your DAIP settings prior to the cut-off;

  • your continued holding of the Eligible Product at the time of processing;

  • sufficient available funds (including margin, if applicable); and

  • the absence of any account, margin(if applicable) or trading restriction that would prohibit execution.

Execution price, quantity and timing cannot be known or guaranteed in advance.

Non-Execution

A DAIP Order may not be executed where:

  • the relevant security or financial product no longer meets the requirements of Eligible Product;

  • you do not, or no longer, hold the necessary trading permissions to trade the Eligible Product;

  • the Eligible Product was removed from DAIP and later re-added on or after the dividend payment date;

  • the net dividend amount is insufficient to purchase the minimum permissible fraction or to cover applicable trading fees;

  • you no longer hold the Eligible Product at the time of order processing;

  • the net cash dividend received was removed before we can process your DAIP order;

  • execution would trigger a margin call or is restricted by an existing margin call, if applicable;

  • trading is suspended, halted or limited for the Eligible Product;

  • account restrictions, holds, suspensions or compliance flags;

  • suspension, halt or cessation of trading in the Eligible Product;

  • inadequate liquidity or market depth;

  • any circumstance that renders execution impossible, impracticable or inconsistent with our regulatory obligations.

To the maximum extent permitted by Applicable Regulations, TBAU shall have no liability for any loss, opportunity cost, price movement, delay, or consequence arising out of such non-execution or delayed execution.

Recent DAIP executions and failed orders may be viewed in the “History” section of your DAIP settings.

Notifications

TBAU may attempt to provide push or in-app notifications prior to and following the scheduled DAIP executions or cancellations. Delivery of notifications is not guaranteed. The absence, delay or failure of any notification does not affect the validity or binding nature of any Order executed under these Terms.

Aggregation of Orders

Subject to any Applicable Regulations, we may, without notice to you, aggregate your orders/Contributions with those of our own, or with those of persons connected with us, or with those of our other clients. Such aggregation may on some occasions operate to your disadvantage and on others to your advantage. This may cause the executed price of your Order to not match our market data since it is the average price of an aggregated order.

Fees, Commissions and Charges

All DAIP transactions are subject to the standard fees, commissions and charges applicable to the relevant markets and products. You may refer to the current Pricing Schedule and FSG for more details.

Our Rights and Limitation of Liability

Notwithstanding any other provision of these Terms, TBAU may, at any time and without prior notice or reason:
a) reject or decline to execute any DAIP Instruction;
b) modify, suspend or discontinue the DAIP service (in whole or in part);
c) suspend or terminate any of your DAIPs; and/or
d) impose additional eligibility, compliance or operational conditions.

You acknowledge that TBAU shall not be liable for any loss arising from the exercise of such rights except to the extent mandated by law.

 

TBAU may also impose, amend or enforce conditions, limitations or restrictions on DAIP at any time to comply with legal, regulatory, operational, risk-management or exchange requirements. This may include the suspension or cancellation of Instructions, modification of eligibility criteria, imposition of additional verification measures, or interruption of service. TBAU shall not be liable for any loss arising from such actions to the maximum extent permitted by Applicable Regulations.