1. Welcome Bonus offer

1.1. This offer commences on 1 September 2020 and is only available to the first 2,000 eligible New Members who satisfy the applicable Eligibility Criteria set out below by 30 November 2021 (Termination Date).

1.2. A member of the Plenti Lending Platform who refers another person in accordance with the Eligibility Criteria (‘Referring Member’) is entitled, subject to these terms and conditions, to receive $50 (the ‘Referral Bonus’) and a person who becomes a member of the Plenti Lending Platform in accordance with the Eligibility Criteria as a result of that referral (‘New Member’) is entitled, subject to these terms and conditions, to receive $50 (the ‘Welcome Bonus’).

1.3. The Referral Bonus and Welcome Bonus will be credited by way of an addition of funds to the relevant member’s Portfolio. For this purpose, the responsible entity of the Plenti Lending Platform will treat the participation in the Referral Bonus and Welcome Bonus offer by a Referring Member and a New Member as an application for an addition of funds to the relevant Member's holding account, made at the time that the Welcome Bonus is paid.

1.4. Where a New Member becomes a member of the Plenti Lending Platform in the capacity of a joint member, a trustee or a company, only one Welcome Bonus will be paid to that Member under this offer.

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

2. Referring Members

2.1. The Referring Member is eligible to receive the Referral Bonus each time a New Member that they have referred meets all the following conditions (the ‘Eligibility Criteria’) before the Termination Date:

2.1.1. The New Member registers as a member of the Plenti Lending Platform by using the Referring Member’s unique URL;

2.1.2. The New Member is accepted as a member of the Plenti Lending Platform; and

2.1.3. The New Member transfers $1,000 or more into their holding account and places orders in the 5 Year Income lending market such that at least $1,000 is ‘on loan’ to borrowers.

2.2. A Referring Member may only make, and will only receive a credit for, a maximum of 10 completed referrals under this or any other referral program facilitated by Plenti. Members who wish to make more than 10 referrals may be eligible for our referral scheme. For more information on this scheme, email us at contact@plenti.com.au.

2.3. If a New Member has previously been a member of the Plenti Lending Platform in any capacity whatsoever, then neither the Referring Member nor the New Member are eligible for this offer in relation to that referral.

2.4. For privacy reasons, Plenti will not inform the Referring Member as to the identity of any New Member who has registered as a member and/or met the applicable Eligibility Criteria.

2.5. All referrals must be made directly by the Referring Member and not via a third party.

2.6. Any Referring Member who holds an AFSL, acts as an authorised representative under another person’s AFSL, carries on business as a financial advisor or planner, or otherwise carries on a financial services business in accordance with the Corporations Act 2001 (Cth) is ineligible to receive a Referral Bonus.

3. New Members

3.1. A New Member is eligible to receive the Welcome Bonus upon meeting the Eligibility Criteria before the Termination Date.

3.2. A New Member can receive at most only one Welcome Bonus under this offer.

3.3. The use of a false name or address when registering to become a member of the Plenti Lending Platform will result in the Eligibility Criteria not being met and the Referring Member and the New Member not being eligible for any amount under this offer.

4. Other terms

4.1. Referrals generated by a script, macro, robot or any other automated process not authorized in writing by Plenti will be void.

4.2. No responsibility can be accepted for referrals lost, delayed or corrupted, or due to computer error in transit.

4.3. Any amounts payable to a Referring or New Member are not transferable to another individual or member and no other alternatives will be offered.

4.4. Plenti reserves the right to amend or alter this offer and reject referrals from Members not entering into the spirit of the promotion.

4.5. 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.

4.6. Confirmation of a valid referral will be emailed to the Referring Member before the Referral Bonus is credited.

4.7. Members may incur a tax liability in relation to a Bonus. Any tax liabilities arising under this promotion are those of the relevant member.

4.8. 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.

4.9. The promotion may be modified or withdrawn at any time. In the event that Plenti modifies the promotion, any Referring or New Member will only be entitled to an amount under this offer which was applicable at the time that the relevant person follows the referral link and registered as a Member. 

4.10. Where this offer is withdrawn in accordance with clause 4.9, Plenti will provide 5 days’ notice to Members via their website. All approved new membership applications made before the offer is withdrawn will be honoured, provided that New Members satisfy all the Eligibility Criteria.

4.11. The relevant Bonus will be paid within 30 days of the relevant Eligibility Criteria being met.

4.12. You cannot refer yourself or any entity related to you under this offer.

4.13. In this agreement, 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 Plenti Lending Platform.

4.14 Plenti is not liable in any way for any claim or loss arising out of or in connection with referrals, including but not limited to improperly processed referrals or the provision of any Bonus.

4.15 Payments will not be made to a Referring Member if to do so would contravene any law, including but not limited to Future of Financial Advice (FOFA) laws.  

4.16 Each Referring Member acknowledges that in making a referral to Plenti they are not providing any general or personalised advice in any form to any person.

4.17. This agreement 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.

5. Privacy

5.1 We may collect and disclose personal information in relation to this Promotion to third parties who assist us in conducting the Referral Program. This may include your email address and name.

5.2 All information collected and held is done so in accordance with our Privacy Policy, which can be found at https://www.plenti.com.au/about-us/legal/privacy-policy