‘Remix’ Free Stock Program Terms & Conditions
Last updated 4th November, 2021.
The ‘Remix’ free stock promotion is run by Stakeshop Pty Ltd (New Zealand). The program provides new customers to Stake with free stock in Drop box, Nike or Go Pro after they fund their Stake account within 24hours using payment methods provided by Stake, within Stake’s platform and fulfil the competition eligibility criteria.
Participation in the ‘Remix’ promotion replicates new users’ eligibility for the Stake Free Stock Program (FSP).
The ‘Remix’ free stock promotion period is defined as 12:01am NZST on 9th November, 2021 through 11:59pm NZST 31st January, 2021. Terms & Conditions set out the promotion and the conditions and restrictions of the promotion.
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 12:01am NZST on 1st September, 2021
- Use promotional code Remix when creating their new Stake account as at or after 12:01am NZST on 9th November, 2021
- Fund their new Stake account within 24hours of signing up per the Remix free stock promotion period.
If eligible, your free stock will be allocated to your Stake brokerage account no later than a week after you have funded.
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.
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.
Customers are not eligible to set up multiple accounts to claim more than one free 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.
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 or any of its employees is not affiliated with any company or issuer whose stock may be part of the Remix Free Stock Program 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 the Program or a user’s ability to participate in the Remix 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 Terms & Conditions are governed by and constructed in accordance with the laws of New Zealand and shall be subject to the jurisdiction of the New Zealand Courts.
We can update these 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 after any modification shall constitute consent to such modification.