Black Friday Program Terms & Conditions

Last updated 8th of November 2021

Overview

The ‘Black Friday’ free stock promotion is run by Stakeshop Pty Ltd (Australia). The program provides new customers to Stake with US$20 of free stock in either WMT (Walmart Inc.), TGT (Target Corporation), DG (Dollar General Corp.), BBBY (Bed Bath and Beyond Inc), EBAY (eBay Inc.) or AAPL (Apple Inc.) after they fund their Stake account using payment methods provided by Stake, within Stake’s platform and fulfill the competition eligibility criteria.

Participation in the ‘Black Friday’ promotion does not conflict with or negate a user's eligibility for the Stake Free Stock Program (FSP). To participate in the Black Friday free stock promotion, Stake users must agree to these terms, which are in addition to the Stake Terms & Conditions.

The ‘Black Friday’ free stock promotion period is defined as 8:00 am AEDT on 11th November 2021 through 11:59 pm AEDT on 30th November 2021. Terms & Conditions set out the promotion and the conditions and restrictions of the promotion.

Eligibility Criteria

In order to qualify for this promotion you must meet all of the following:

  • Does not have an existing funded individual or non-individual (Company, SMSF) Stake account before PROMO START TIME/DATE.
  • Uses a valid Black Friday referral code (WMT, TGT, DG, BBBY, EBAY, or AAPL) when creating their new Stake account during the ‘Black Friday’ free stock promotion period.
  • Funds their new Stake account within the ‘Black Friday’ free stock promotion period.

If you meet all of the above criteria, your US$20 in the selected stock will be allocated to your Stake brokerage account by market close Friday 3rd December 2021.

Before opening a Stake account and choosing to invest please read the relevant terms and conditions and FSG. Free stock carries capital gains tax implications.

For the removal of doubt, the below funding gateways will earn free stock on first fundings. This list may be updated from time to time.

  • POLi
  • Direct Bank Transfer (using the details provided on the Stake platform)

Program Election

Once eligible under the Eligibility Criteria, you can elect to claim your free stock and be part of the FSP, or it is also open to you to elect not to receive free stock. If you do elect to claim your free stock, you also agree to the FSP Terms & Conditions.

Restrictions

Customers are not eligible to set up multiple accounts to claim US$20 of free stock more than once in the Black Friday promotion. For the avoidance of doubt, only 1 claim of free stock can be made per person under this program.

This program is also not available to: (1) Non-Individual accounts (SMSF, ISAs, Company and Minor accounts), and (2) Customers who already have an existing funded account with Stake (unless made via direct USD transfer) before the promotion period begins.

Implications of owning stock

Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be volatile asset. Stake is not in any way promoting and/or recommending the stock you are issued with as part of this promotion.

Tax Implications

You may be liable for capital gains tax on the entire value of the share when sold. This is dependent on your personal circumstances and you will need to seek advice from a tax professional.

No Affiliation

Stake or any of its employees is not affiliated with any company or issuer whose stock may be part of the promotion and is not affiliated with any exchange that the stock may be listed or traded on.

Severability

If any provision in these terms is held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void, or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.

Termination and Changes

Stake may suspend or terminate the Program or a user’s ability to participate in the Free Stock Program at any time for any reason.

We reserve the right to suspend accounts or remove Free Stock if we notice any activity we believe is abusive, contrary to Stake’s brand values, fraudulent, or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals at our sole discretion as deemed fair and appropriate.

The scope, variety, and type of services and products that you may obtain by redeeming Stake Rewards can change at any time.

Legal & Updates to the terms

These ‘Black Friday’ free stock program Terms & Conditions are governed by and constructed in accordance with the laws of New South Wales, Australia, and shall be subject to the jurisdiction of the New South Wales Courts.

We can update these ‘Black Friday’ free stock program T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website & app which are effective upon posting. Continued participation in the Free Stock Program after any modification shall constitute consent to such modification.