Terms and Conditions for Funding Refer a Friend Promotion

Last updated: February 2023
These terms and conditions (Terms) form a contract between the user (referred to as you or your) and Funding.com.au Pty Ltd (referred to as Funding, we, us or our) and apply to your participation in the Refer a Friend Promotion (Promotion) available to members of the Funding Investment Trust ARSN 616 185 276 (Trust). If you participate in the Promotion, you will be deemed to have accepted these Terms in their entirety.
  1. The Promotion is valid until 31st December 2023 unless extended by us.
  2. The Promotion is intended for use by private individuals, who wish to let friends and family know about the good experience they have had with Funding. Funding reserves the right to refuse referrals if it determines that the person making the referral (Referrer) may be making referrals in the course of business or as part of an organized marketing campaign.
  3. The Promotion is open to anyone with an existing Funding online account and who has invested $5,000 into available investments.
  4. Referrers must not engage in misleading conduct in order to induce new customers to open a Funding online account.
  5. In order to qualify for the Promotion:
    1. the Referrer must provide a person that is not an existing Funding member (New Customer) with their unique referral link;
    2. the New Customer must open a new Funding online account; and
    3. the New Customer must invest a minimum of $5,000 in an available investment/s (Minimum Investment).
  6. The New Customer’s Minimum Investment must be invested in the Trust in one single bank transfer or debit card transaction. A New Customer cannot make a number of investments of amounts less than $5,000 to become eligible under the Promotion.
  7. If a New Customer opens a Funding online account as a result of the Promotion, but invests a sum of less than $5,000, neither the Referrer nor the New Customer will be eligible for any benefit under the Promotion.
  8. New Customers will only be eligible for the Promotion if the New Customer registers for a Funding online account using the Referrer’s unique referral URL. Referrers can find their unique referral URL in the “Refer a Friend” section of their Funding online account located at funding.com.au.
  9. New Customers that open a Funding online account and invest funds as a result of any other medium, such as word of mouth or through a third-party website, will not be eligible for the Promotion.
  10. Referrers will receive $150 for each New Customer they refer pursuant to these Terms and who qualifies for the Promotion.
  11. New Customers will receive $150 when they sign up as a member pursuant to these Terms and qualify for the Promotion.
  12. The $150 will be credited to the Referrer and New Customer’s “Available Funds” section in their Funding online accounts within 90 days of the New Customer satisfying the Minimum Investment.
  13. Each Referrer will be entitled to receive one $150 payment for each New Customer they refer pursuant to the Promotion.
  14. If there is a principal repayment from a loan which the New Customer invested in, the funds from the principal repayment are exempt from these Terms and the New Customer may withdraw these funds without their participation in the Promotion being affected.
  15. Any Funding customer, new or existing, will not be entitled to receive interest in their Funding investment unless they have elected to invest these funds in an available investment/s. More details around the loan investment process is set out in the Product Disclosure Statement (PDS), available at https://www.funding.com.au/pds/ which will apply to all loans made through the Funding platform. Prospective investors should read in the PDS in full before deciding to invest in the Trust.
  16. The availability of any benefit under the Promotion will be subject to Funding accepting the New Customer as a Funding investor. As set out in the PDS, Funding may refuse to accept a member at its sole and absolute discretion, including for failing to provide sufficient identification in order for Funding to meet its client due diligence and anti-money laundering obligations. Funding reserves the right to refuse a new customer if it determines, in Funding’s complete discretion, that the person does not fall within the target market as defined in the Target Market Determination at https://www.funding.com.au/tmd-invest/.
  17. Funding reserves the right to remove access to the Promotion if we suspect any suspicious behaviour (for example, referral of fictitious customers or existing Funding customers, including referral of the Referrer himself/herself under a different identity).
  18. Funding reserves the right to modify the Promotion at any time without providing prior notice to customers. Your participation in the Promotion will be governed by the most recent Terms available at https://www.funding.com.au/terms-of-use/. Continued participation in the Promotion will amount to acceptance of the Terms in force at that time.
  19. Funding reserves the right to terminate, suspend, restrict or otherwise alter these Terms or the Promotion at any time, for any reason and without prior notice or liability.
  20. You may only participate in the Promotion in good faith. You may not:
    1. do anything that damages Funding’s brand, reputation or goodwill;
    2. transmit and unsolicited advertising or promotional material or any other form of similar solicitation (spam); or
    3. otherwise attempt to circumvent the Promotion.
  21. We reserve the right to refuse to provide you with any benefit that you would have otherwise been entitled to receive under the Promotion if we suspect that you have not participated in the Promotion in good faith or have breached any of these Terms. Funding will determine, at its sole and absolute discretion, whether there has been a breach of any of the Terms.
  22. The Promotion cannot be used in conjunction with any other offer or promotion.
  23. None of Funding, the Trust or the trustee of the Trust accepts any liability that may arise out of your participation in the Promotion, including but not limited to any liability arising from participation in the Promotion which is not in accordance with these Terms.
  24. DISCLAIMER * Any investment rate of return and terms displayed are specific to the individual mortgages and therefore subject to the performance of that individual mortgage investment. Any rate of return is a target, is not guaranteed and is shown net of any fees. Borrowers: Lending criteria, fees and conditions apply. For consumer or personal loans please refer to our Credit Guide for more information. Australian Credit Licence ACL 483665. Platform Investors: The following disclaimers apply to investors in the Funding Investment Trust, ARSN 616 185 276. Funding.com.au Pty Ltd ACN 603 756 547 is the manager of the Trust and authorised representative (no. 1239776) Funding Capital Pty Ltd ACN 639 230 345 (AFSL 523 247). Melbourne Securities Corporation Ltd ACN 160 326 545 (AFSL 428 289) is the trustee and responsible entity of the Trust. It is important for you to read the PDS for the Trust before you make any investment decision. The PDS is available on our website or by calling 1300 44 33 19. You should consider carefully whether or not investing in the Trust is appropriate for you. The rates of return from the Trust are targeted and not guaranteed and are determined by the future revenue of the Trust and may achieve lower than expected returns. Past performance is not a reliable indicator of future performance. Investors risk losing some or all of their principal investment. The investment is not a bank deposit. IMPORTANT: Information provided is general information only and should not be taken as legal or financial advice. It does not consider the specific needs, investment objectives or financial situation of any particular investor. Financial services guide. Direct Investors: The direct mortgage investments do not form part of the Funding Investment Trust, ARSN 616 185 276 and the PDS does not apply to such investments. See Privacy, Terms and Credit Guide for more details.
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