Private Lending Trail Promotion
Introduction
The promoter of this promotion ("the Offer") is Assetline Investments Pty Ltd ACN 619 252 210 of Level 21, 101 Grafton Street, Bondi Junction NSW 2022.
Assetline offers Trail Commissions to Introducers on its Private Lending Loans to Applicants, subject to the terms and conditions of this Offer.
Introducers agree to be bound by these terms and conditions when introducing an Applicant who applies for a Private Lending loan.
Any Assetline offer to Introducers remain in the absolute and sole discretion of Assetline. Any application which is withdrawn will not be eligible for qualification despite resubmission.
Definitions
In these terms and conditions:
(a) Assetline means Assetline Investments Pty Ltd ACN 619 252 210 and includes any of its agents, contractors, subsidiaries and related parties from time to time;
(b) Applicant means the party named as a Borrower or Guarantor in respect to an application for an Assetline Trail Commission;
(c) Apply means an Applicant who, as an individual or co-borrower have applied via Assetline, and Assetline has confirmed receipt of their application;
(d) Introducer means a broker or other third-party introducer.
(e) Private Lending Loan means a loan for a product listed as a private lending product on the Assetline website as amended from time to time.
(f) Trail Commissions means a loan management fee from 0.05% to 0.10% per month, with a variance as trail. Maximum amount is 0.60% per annum, paid monthly. Any load rate will be calculated so there is no net cost to Assetline.
Eligibility Criteria
You are eligible to participate in this Offer if:
(a) You are the Introducer of an Applicant from 20 February 2025 to 30 June 2025
(b) You introduced an Applicant in respect to the application(s);
(c) The application(s) to Assetline relates to one or more Private Lending loans which satisify the Eligibility Parameters; and
(d) The Applicant draws down that Private Lending loan within 30 days from applying.
Operations of Trailing Commission
The Trailing Commission in this Offer operates such that an Introducer will load a loan management fee from 0.05% to 0.10% per month and receive a variance as a trail.
The maximum Trail Commission is 0.60% per annum, paid monthly.
The Trail Commission rate will be calculated in such a way that there is no net cost to Assetline.
The Trailing Commission does not apply to any extended period of the Private Lending loan beyond its initial term.
No Representations or Warranties
Except as required by law, Asse4tline makes no representations or warranties with respect to this Offer or any benefits or entitlements under the Offer.
Taxes and Duties
The Introducer acknowledges and agrees that you are solely responsible for any taxation liability that may incur in relation to our participation in the Offer, and any associated taxation implications.
Exclusions
Without limiting any other provision of these terms and conditions, this Offer is not available in connection with, or in addition to, any other Assetline's offer, promotion, rebate or benefit.
Variation and Termination
Assetline may vary these terms and conditions from time to time, including by:
(a) adding, withdrawing or substituting any benefits available to you under the Offer;
(b) varying the Trail Commission rate under this Offer;
(c) varying the period to what this Offer applies;
(d) changing the eligibility criteria or requirements that must be met to receive benefit of the interest reduction.
Assetline may terminate or withdraw this Offer at any time without prior notice.
Assetline may reject, cancel, or reverse any benefit conferred from the grant of the Trail Commission if it has reasonable grounds to believe that a person's conduct or dealings with respect to a Trail Commission, or an Applicants Private Lending Loan, the Offer or any other dealings with Assetline may be fraudulent or otherwise illegal.
If you are not satisfied with any change or variation Assetline make to the Offer, you can terminate your participation at any time by providing written notice to Assetline.
Other Matters
Assetline reserves the right to disqualify any person who participates in the Offer but does not comply with these terms and conditions or who tampers with the Offer process.
Failure by Assetline to enforce any of its rights at any stage does not constitute a waiver of those rights.
All applications for credit, are subject to Assetline's credit approval criteria. Terms and conditions, fees and charges, and other eligibility criteria apply.
These terms and conditions are:
(a) separate to the terms and conditions of each applicable Private Lending Loan; and
(b) do not form part of the credit contract for any of the Applicants Private Lending Loan.
To the extent of any inconsistency between these terms and conditions and the terms and conditions of the Applicant's Private Lending Loan, the terms and conditions of the Private Lending Loan prevail.
