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Terms & Conditions

By accessing, using and posting material on Investment Research Group Ltd's ("IRG") share information web sites, including ("ShareChat"), you as the User agree to abide by the following terms, conditions and rules ("Agreement").

While IRG invites Users to engage in open discussion and presentation of views on ShareChat, IRG and Users agree to seven basic rules designed to maintain ShareChat as an interesting, informative, and legally permissible forum:

  1. Users will not interfere with the use and enjoyment of ShareChat by other Users (for example, by harassing or threatening another participant of the message boards or blog comments, including the use of expressions of bigotry, racism, sexism, hatred, or profanity);

  2. Users will not use ShareChat to conduct any activity that is illegal (such as misleading and deceptive conduct) or violates the rights of others, provide instructional information about illegal activities, or promote physical harm or injury against any group or individual;

  3. Users will not use ShareChat to advertise or sell products or services (including financial products and services such as securities) to others; or for spamming purposes to promote or encourage members to purchase products, services, or membership recruitment to others; doing so may incur a fee

  4. Users will not post or transmit material that is libellous, defamatory, obscene, fraudulent, harmful, threatening, or abusive, that violates the property rights of others (including without limitation copyright or trademark), that violates the privacy or publicity right of others, or that is used to circumvent manufacturer-installed copy-protection devices, including digital watermarks and registration numbers for software programs;

  5. Users will not post or disclose any personally identifiable information belonging to children or displaying material that exploits persons under 18 years of age;

  6. Users will not impersonate another User or staff member; and

  7. User shall not post information on the site if they are a licensed investment adviser or representative of a licensed investment adviser unless they disclose their role and firm.

IRG has no responsibility for the content of any material posted by Users and Users are individually liable for the accuracy and authenticity of their postings. User profiles and any content posted by Users contain the opinions and views of theirs or others and Tarawera is not responsible for such content. Users should also be aware that it may be difficult to identify and locate the person making postings therefore taking legal action may not be possible.

If a User violates this Agreement or if sharechat believes in good faith that any portion of the material a User posts is infringing any copyrights or proprietary rights after Tarawera becomes aware of such breach, IRG reserves the right in its sole discretion to:

  1. edit or delete in whole or in part such User's posted material appearing on ShareChat;
  2. refuse access to all or portions of ShareChat to such User; and/or
  3. terminate such User's right to access or use and/or membership.
  4. Charge such User a spamming or advertising fee as follows;
    1. NZ$100 + gst per post, private message or user signature containing or suspected of containing any of the abovementioned in 3.
    2. By registering on the forum such User unconditionally and legally agrees to pay any invoice related to spamming (3) sent by IRG Ltd within 7 (seven) days from the date of invoice.
    3. By registering on the ShareChat Forum such User also unconditionally agrees to pay all collection costs, legal costs and any associated costs incurred and recovery of any debt.

IRG shall not undertake a systematic review of any or all of the material posted on the ShareChat. IRG shall use all reasonable endeavours to remove any inaccurate information, postings based on inside information, postings likely to mislead or deceive or offending material within a reasonable time given Tarawera is notified using the following means:

  1. Email;
  2. Mail -PO Box 1314, Shortland Street, Auckland , New Zealand.

No Investment Advice

ShareChat and its blog comments and forums contain information and User posted materials concerning many companies that issue and sell securities.

IRG does not have a securities dealer license and therefore does not:

  1. assess or vet the merit of any of these companies or any information concerning such companies.
  2. endorse, recommend or sponsor any of these companies or information concerning such companies posted on the site.
  3. provide professional investment advice as a result of hosting the site and therefore the individual circumstances or needs of particular investors are not taken into consideration when information is posted on the site.

Therefore IRG suggests that Users should do the following things before acting on any information posted on the site:

  1. visit Securities Commission website;
  2. get advice from a professional securities adviser
  3. Do your own research


User Information and Privacy

IRG reserves the right to release current or past user information or postings to third parties for limited purposes in the event Tarawera believes that Users are:

  1. in violation of this Agreement;
  2. are using ShareChat to commit unlawful acts; or
  3. is required to be disclosed to comply with applicable laws or regulations, rules of an applicable stock exchange or with a court or administrative order.

IRG further reserves the right to share current or past user information internally within IRG. IRG is, however, free to disclose aggregate User information (such as how many users are from each State) to third parties. For User's own protection, Users should not give any personal information on the web site or forums.

Any User may remove themselves from such e-mail lists by sending an e-mail to and advising the e-mail address you wish to be removed.


Proprietary Rights

A User posting material represents that such material is owned by the User or used with permission of the copyright holder and the User grants to IRG or another User a royalty-free, perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform, and display such content (in whole or part) worldwide and/or to incorporate it in other works in any form, media or technology now known or later developed for the full term of any rights that may exist in such content. The ShareChat site, as well as (a) all materials on the ShareChat site posted by IRG and (b) the organisation and layout of both the site and the materials posted by Users and Tarawera, is owned and copyrighted by IRG or its suppliers and may be accessed, downloaded or printed for User's personal non-commercial use only. Without the prior written permission of IRG or its suppliers, User may not copy, distribute, or transfer any material on ShareChat, in whole or in part.


Linking or Framing on Other Web Sites

IRG or Users may include on ShareChat any posted material on other Internet sites. IRG does not endorse any such sites or the information, material, products or services contained on or accessible through such other Internet sites, and the User's access and use such sites, including information, material, products and services therein, solely at User's own risk.


Disclaimer Of Warranty

To the extent permissible by law, IRG and its suppliers disclaim all express and implied warranties with regard to the information, services and materials contained on ShareChat and message boards, including without limitation any implied warranties of merchantability, fitness for a particular purpose and non-infringement. All such information, services and materials are provided "As Is" and "As Available" without warranty of any kind. All responsibility and liability with respect to such information, services and materials, including, without limitation, the accuracy of any information, is hereby disclaimed.


Limitation Of Liability

In no event shall IRG or its suppliers be liable for any special, indirect, punitive, incidental, exemplary, reliance or consequential damages, or any damages whatsoever resulting from loss of use, business, data or profits, litigation and the like, whether based on breach of contract, tort (including negligence), product liability or otherwise, even if advised of the possibility of such damages.

Furthermore IRG expressly advises that it shall not be liable in any way whatsoever (whether in negligence or otherwise) for any loss or damage which may be suffered by any person (including Users) relying upon such information or any opinion, recommendations or conclusions contained in ShareChat, or otherwise arising in connection with the contents of or any omission from content contained in ShareChat except where a liability is made non-excludable by legislation. The information and statements contained in ShareChat do not purport to contain all relevant information and any statement as to any future matter is a present prediction of a possible future outcome, the accuracy of which cannot be guaranteed. Persons (including Users) should not rely upon the content provided within ShareChat but should make their own assessment and evaluation, undertake investigation and enquiries and seek advice to enable them to make any decision concerning their own interests.



By posting materials on ShareChat, User's agree to indemnify, defend, and hold harmless IRG, its related bodies, affiliates and suppliers from any liability, loss, claim and expense (including attorneys' reasonable fees) related to (a) User's violation of this Agreement, and (b) User's posting of material to ShareChat.


Termination of Agreement and/or Service

Nothing in this Agreement prohibits Tarawera from terminating a Users access to any of the services provided by ShareChat or terminating the ShareChat site altogether without notice and for any reason.


Changes to ShareChat and the Agreement

IRG may make improvements or changes in the information, services, products, and other materials on the ShareChat, at any time without notice. IRG may modify this Agreement at any time, and such modifications shall be effective immediately upon posting of the modified agreement. User agrees to review this Agreement periodically, and User's continued use of ShareChat shall be deemed User's acceptance of the modified agreement.


Entire Agreement

This Agreement constitutes the entire and only agreement between IRG and the User in relation to the use of ShareChat as a site to access, use and post material and supersede any and all prior or contemporaneous agreement, representations, warranties, and understandings with respect to ShareChat, the content, information, goods and services provided by or through ShareChat, and the subject matter of this Agreement.



This agreement and the resolution of any dispute related to this Agreement or ShareChat shall be governed by and construed in accordance with the laws of New Zealand, without giving effect to conflicts of law principles. Tarawera's failure to insist upon strict enforcement of any provision of this agreement shall not be construed as a waiver of any provision or right. Any legal action or proceeding between IRG and the User related to this agreement shall be brought exclusively in a court of competent jurisdiction sitting in New Zealand.

Any reference toIRG in this Agreement includes a reference to its related entities, as defined by the Corporations Law.


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