Refer a Friend Program Terms and Conditions

These terms and conditions apply to your use of InvestSMART’s Refer a Friend Program (Program) in conjunction with the services provided by InvestSMART Group Limited (InvestSMART).

Terms and Conditions

Referrer Eligibility: You (“Referrer”) can refer family and friends to InvestSMART's products and services if you have an active account with InvestSMART. You will only receive a Referral Reward if you have an active paid account for an Eligible Product (see clause 3) at the time the Referee uses the Referral Code.
Referee Eligibility: The Program will only apply if your friend or family member (“Referee”) does not at the time of referral have an active paid account for an Eligible Product and has not had an active paid account for an Eligible Product within the past 12 calendar months. For the avoidance of doubt, you may not refer yourself or an entity you have a beneficial or legal ownership in to be the Referee (e.g. by using separate email addresses or account names under a company or trust).
Eligible Products: The Program only applies to Eligible Products, determined as follows:
- Subject to clause 3(b), Eligible Products are those products that are specified by InvestSMART on the Refer a Friend tab in your InvestSMART My Account.
- The Program does not apply to an investment in the WealthBuilder portfolio, even where that investment is made through an Eligible Product.
- InvestSMART reserves the right to amend the list of Eligible Products, and the products and portfolios that are excluded from the Program, at its sole discretion and without providing you with notice.
- act as a point of contact between the referred client and InvestSMART; or distribute advertising or marketing materials about InvestSMART without written consent.
Referral: Both Referrer and the Referee will be eligible to participate in the Program if:
- the Referee applies the Referrer's personalised referral code (Referral Code) to a new paid account; AND
- either:
  1. for an investment in a financial product: the Referee funds their new investment account; and/or
  2. for the purchase of a subscription: the Referee pays for their new annual subscription. A subscription upgrade or purchase of a bundle is eligible as a single Referral.
InvestSMART reserves the right to validate the eligibility of any Referee with respect to whether they are a new customer or as otherwise deemed necessary and may determine any Referee to be ineligible in its sole discretion.
Referral Reward: The Referral Reward can change at any time. Subject to the Referral Limits in clause 7, you and the Referee will receive the applicable Referral Reward promoted at the time the Referee uses the Referral Code. The applicable Referral Reward will be reflected within your InvestSMART My Account - see clause 8.
Referral Limits: A Referrer can only refer a Referee once, regardless of how many products that the Referee purchases. This means that if the Referee purchases an annual subscription and funds a new investment account, both the Referrer and Referee will receive the Referral Reward once. A product or portfolio that is not an Eligible Product is disregarded for the purposes of this clause, and the acquisition of such a product or portfolio does not exhaust a Referral.
Tracking Your Referral(s): You will be able to see when your Referral Code has been used, and your Referral Reward, in your InvestSMART My Account.

Application of Your Referral Reward: The Referral Reward is not transferable or redeemable for cash.

Your Referee's Referral Reward is applied to the product they signed up to. Your Referral Reward is applied to the product you hold. If you hold both a subscription and a PMA, your Referral Reward is applied to the product your Referee signed up to. The table below shows how this works:

What Eligible Product you hold	What your Referee signs up to	Your reward	Your Referee's reward
A PMA only	A PMA	Deposited into your PMA	Deposited into their PMA
A PMA only	A subscription	Deposited into your PMA	Credited to their subscription renewal
A subscription only	A PMA	Credited to your subscription renewal	Deposited into their PMA
A subscription only	A subscription	Credited to your subscription renewal	Credited to their subscription renewal
Both	A PMA	Deposited into your PMA	Deposited into their PMA
Both	A subscription	Credited to your subscription renewal	Credited to their subscription renewal
Neither (see clause 9(c))	A PMA	No reward	Deposited into their PMA
Neither (see clause 9(c))	A subscription	No reward	Credited to their subscription renewal

If your Referee acquires more than one Eligible Product then the Referral Reward will be applied based on the first product that the Referee acquired.
If you do not have an active paid account for an Eligible Product at the time the Referee uses the Referral Code, you will not be eligible to receive a Referral Reward but your Referee will be eligible to receive the Referral Reward. This includes where you receive a complimentary product or service, where your only PMA investment is in the WealthBuilder portfolio, or where your subscription or account has ended.

The Referrer will not have any involvement with a Referee client's account after the initial referral. Specifically, you agree not to do any of the following:
- help set up the referred client's account;
- solicit or place orders or have any other ongoing involvement in the Referee client's account;
- act as financial advisor or hold power of attorney or discretionary trading authority over a Referee client's account;
- act as a point of contact between the referred client and InvestSMART; or distribute advertising or marketing materials about InvestSMART without written consent.
You are not, and will not hold yourself out as, an employee or agent of InvestSMART.
InvestSMART reserves the right to modify or cancel the Program at any time without prior notice to you. This does not affect a Referral where the Referee has already used the Referral Code and funded their account or paid for their subscription.