Celebrate NZ Music Month with free Spotify stock.
Last updated 8/04/2022
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.
From 12:00 9/05/22 to 11:59PM 31/05/22
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
If eligible, your promotional stock will be allocated to your Stake brokerage account no later than 10/06/22.
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.
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.
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.
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.
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.