Transfer your portfolio to Stake. Initiate in under 5 minutes.

Celebrate NZ Music Month with free Spotify stock.

Last updated 8/04/2022

Overview

These Terms and Conditions cover the ‘Celebrate NZ Music Month with free Spotify stock’ referral promotion that Stakeshop Pty Ltd (New Zealand) (Stake) is running from 9th May to 31st May 2022, rewarding existing Stake customers in New Zealand. The promotion will be available to all existing customers provided they fulfil the relevant eligibility criteria as set out below.

Participation in this promotion does not negate a user's eligibility for Stake Wall St First Funding Rewards. To participate, Stake users must agree to these terms (Promotion Terms & Conditions), which are in addition to the Stake Terms & Conditions.

Promotional Period

From 12:00 9/05/22 to 11:59PM 31/05/22

Promotion Reward

All successful referrals will entitle both the referring (existing customer) to a free stock bonus as detailed below. A successful referral is defined as a referred customer who creates their account using the existing customer’s unique referral code and then funds their account.

Referring (existing) customers will receive the reward of US$20 in free Spotify stock for every successful referred customer they refer who funds their account before the end of the promotional period.



N.B. If a referred customer funds within 24hrs of setting up their account during the promotional period, they will also receive a second randomly allocated free stock as per

.

Reward Allocation

If eligible, your promotional stock will be allocated to your Stake brokerage account no later than 10/06/22.

Eligibility Criteria

In order to qualify for a reward pursuant to this promotion you must meet either of the following:

If you are the referring (existing) customer you must have an existing approved Stake NZ account and the referred (new) customer must be from New Zealand and use your unique referral code when creating their Stake account. The referred (new) customer must also fund their account within 24 hours of creating their Stake account.

If you are the referred (new) customer you must be a new Stake customer with no existing Stake accounts at the commencement of the promotion period. You must use the referring (existing) customer’s unique referral code when creating your Stake account and fund your new account within 24 hours of signing up and you must be living in New Zealand. The referred (new) customer will only be eligible to claim the standard free stock promotion.

The funding gateway that the referred customer must use to qualify as a valid payment method for the promotion is POLi or bank transfer.

Before opening a Stake account and choosing to invest, please read our terms and conditions, disclaimers and financial advice disclosure, as well as the Stake Wall St Rewards Terms & Conditions.

Restrictions

Customers are not eligible to set up multiple accounts to claim more than one free stock offer from the above list. For the avoidance of doubt, only 1 claim of free stock can be made per person under this promotion.

This promotion is also not available to non-Individual (Company) accounts.

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 these promotions or any other 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.

No Affiliation

Stake nor any of its employees are affiliated with any company or issuer whose stock may be part of any promotion 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 any particular promotion or a user’s ability to participate in any particular promotion under these terms 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 participating in any promotion under these terms can change at any time.

Legal & Updates To The Terms

These Promotion Terms and Conditions are governed by and constructed in accordance with the laws of New Zealand and shall be subject to the jurisdiction of the Courts of New Zealand.

We can update these Promotion Terms and Conditions at any time without prior notice. If we modify these terms, we will post the modification on the Stake website which are effective upon posting. Continued participation in the promotion(s) after any modification shall constitute consent to such modification.


Stake logo

Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152), and is registered as a Financial Service Provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (No. FSP774414). We have a transitional licence as a financial advice provider under the Financial Markets Conduct Act 2013. However, the content on this website has not been prepared to take into account any of your individual objectives, financial situation or needs. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate). The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Terms & Conditions, Privacy Policy, Financial Advice Disclosure and Disclaimers before deciding to use or invest on Stake. By using the Stake website or service in any way, you agree to our Privacy Policy and Terms & Conditions All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate). Stake is a registered trademark under class 36 (New Zealand).

Copyright © 2022 Stake. All rights reserved.