‘Lockdown Stocks’ free stock Program Terms & Conditions

Last updated 16th of July 2021.

Overview

The ‘Lockdown Stocks’ free stock promotion is run by Stakeshop Pty Ltd (Australia). The program provides new customers to Stake with US$10 of free stock in either NFLX (Netflix Inc.), AMZN (Amazon.com, Inc.) or ZM (Zoom Video Communications Inc.) after they fund their Stake account using payment methods provided by Stake, within Stake’s platform and fulfil the competition eligibility criteria.

Participation in the ‘Lockdown Stocks’ promotion does not conflict or negate a users eligibility for the Stake Free Stock Program (FSP). To participate, Stake users must agree to these terms (FSP Terms & Conditions), which are in addition to the Stake Terms & Conditions.

The ‘Lockdown Stocks’ free stock promotion period is defined as 12 pm AEST on 15th July, 2021 through 11:59pm AEST on 31st July, 2021. Terms & Conditions set out the promotion and the conditions and restrictions of the promotion.

The ‘Lockdown Stocks’ free stock

Eligibility Criteria

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

Has an existing but unfunded individual Stake account before 12pm AEST on 15th July, 2021. Does not have an existing, funded non-individual (Company, SMSF) Stake account before 12 pm AEST on 15th July, 2021 Fund their new Stake account within the ‘Lockdown Stocks’ free stock promotion period. Is a resident of New South Wales, Australia Did not use referral code ‘f45’ or ‘F45’ when signing up to Stake

If eligible, your US$10 in one of the three stocks listed above chosen at random will be allocated to your Stake brokerage account no later than Friday 6th August, 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, here are the funding gateways that will earn free stock on first fundings. This list may be updated from time to time.

Australia

POLi AUD Wallet Transfer (via Macquarie) 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 elect not to receive free stock. If you elect to claim your free stock, you agree to the FSP Terms & Conditions listed in this document.

Restrictions

Customers are not eligible to set up multiple accounts to claim more than one US$10 of NFLX (Netflix Inc.), AMZN (Amazon.com, Inc.) or ZM (Zoom Video Communications Inc.) stock. 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: Non-Individual accounts (SMSF, ISAs, Company and Minor accounts)

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 a volatile asset. Stake is not in any way promoting and/or recommending the stock you are issued with as part of this Free Share Program.

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 circumstance and you will need to seek advice from a tax professional. aim your free stock, you will no longer be eligible for the Free Stock Program.

No Affiliation

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

Severability

If any provision in these terms are 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 in 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 ‘Lockdown Stocks’ 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 ‘Lockdown Stocks’ 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.