1. August Investor offer

1.1. This offer commences on 12 August 2020 and is available to Qualifying Investors who satisfy the applicable Eligibility Criteria set out below by 31 August 2020 (Termination Date).

1.2. A person who is a member of the RateSetter Lending Platform and who meets the Eligibility Criteria (Qualifying Investor) is entitled, subject to these terms and conditions, to the Investor Bonus.

1.3. The Investor Bonus will be credited by way of an addition of funds to the QualifyingInvestor’s Plenti account. For this purpose, the responsible entity of the RateSetter Lending Platform will treat the participation in the August Investor Offer by a Qualifying Investor as an application for an addition of funds to the member’s holding account, made at the time that the Investor Bonus is paid.

1.4. Where a Qualifying Investor is a member of the RateSetter Lending Platform in the capacity of a joint member, a trustee or a company, only one Investor Bonus will be paid to the member under this offer.

1.5. The offer is not applicable in conjunction with any other promotional offer unless expressly indicated.

2. Qualifying Investors

2.1. A Qualifying Investor is eligible to receive an Investor Bonus upon meeting the following conditions (the ‘Eligibility Criteria’) before the Termination Date:

2.1.1. The Qualifying Investor receives an invitation directly from Plenti on 12 August 2020 to participate in the August Investor Offer;

2.1.2. The Qualifying Investor places orders in the 5 Year Income lending market such that at least an additional $5,000 is ‘on loan’ to borrowers.

2.2. The Investor Bonus which a Qualifying Investor may receive will be determined by the additional amount placed ‘on loan’ in the 5 Year Income lending market under 2.1.2 of these terms, and in accordance with the following table:

Additional amount on loanApplicable Investor Bonus
$5,000 – $9,999$50
$10,000 – $14,999$100
$15,000 – $19,999$150
$20,000 – $24,999$200
$25,000 +$250

2.3. For the avoidance of doubt, the applicable Investor Bonus is not cumulative and the maximum Investor Bonus a person can receive in conjunction with the August Investor Offer is $250. 

2.4. A Qualifying Investor can receive at most one Investor Bonus under this offer.

3. Other terms

3.1. Applications to be a member generated by a script, macro, robot or any other automated process not authorized in writing by Plenti Australia will be void.

3.2. No responsibility can be accepted for applications or funds transferred lost, delayed or corrupted, or due to computer error in transit.

3.3. Any amounts payable to an Existing Investor are not transferable to another individual or member and no other alternatives will be offered.

3.4. Plenti reserves the right to amend or alter or cancel this offer, and to reject claims for the Investor Bonus from Qualifying Investors not entering into the spirit of the promotion.

3.5. Plenti reserves the right of ownership of any member-generated content submitted to the promotion and unreserved rights of reproduction in any marketing or promotional media that it sees fit.

3.6. Members may incur a tax liability in relation to the Investor Bonus.

3.7. Any amount payable under this offer is inclusive of GST (if applicable). You will tell us if you have a liability for GST in respect of any amount payable under this offer. If you have a liability for GST, you will provide us with a tax invoice for the supply within 28 days of the payment.

3.8. The promotion may be modified or withdrawn at any time.

3.9. Where this offer is withdrawn in accordance with clause 3.8, Plenti will honour all Investor Bonuses where the Eligibility Criteria was satisfied prior to the offer being withdrawn.

3.10. The Investor Bonus will be paid within 14 days of the relevant Eligibility Criteria being met.

3.11. In this offer, unless defined in this document or the context otherwise requires, terms have the same meaning as set out in the Product Disclosure Statement of the RateSetter Lending Platform.

3.12. This offer will be governed by and construed according to the laws in force in the state of New South Wales. Each party unconditionally and irrevocably submits to the exclusive jurisdiction of Courts with jurisdiction in New South Wales and all appellate Courts from such Courts.