A significant event notice provides you with information about important changes to the BrickX Platform, which impacts the information provided in the BrickX Platform Product Disclosure Statement (PDS). If still applicable, the changes will be included in future updates to the PDS (available at https://www.brickx.com/pds).
Valentine’s Day has been and gone but the new owners of the BrickX Platform like to wrap a little bit of love into every day. The BrickX Platform had a busy end to last year with our change in ownership (see here for details) and we have hit the ground running in 2020 to find new properties for you!
We are really excited about the year ahead. Our new parent company, Thundering Herd Pty Ltd, ABN 22 603 726 085 (Thundering Herd), has decided to bring back the romance and say “thank you for all your support”, with a loyalty bonus. Boom!
Thundering Herd will be crediting your digital wallet with a 3% p.a. loyalty bonus based on your wallet balance up to $200,000 for the period between 1 March 2020 and 31 March 2020 (see the terms and conditions below).
Bringing you new properties
Whilst we remain committed to the residential property market and our existing properties, BrickX recognizes that the property cycle has shifted since the BrickX Platform was first established five years ago. Going forward, BrickX will complement our focus on capital growth with other considerations such as:
- higher yield assets to increase investor returns; and
- diversification beyond residential property.
With our expertise in the property sector, we are seeing a growing number of opportunities for investor returns that extend beyond residential property such as commercial and industrial. Typically, these investments are only available to the super rich and have the potential for greater return on investment (ROI) by attracting higher yields and longer tenancies. In line with our purpose of making property possible, we have been working away to try to make these opportunities available to you.
As we said, we are already working on some exciting new properties for you and will be announcing the first of these shortly.
In the meantime, sit back, relax and enjoy your loyalty bonus! It’s going to be an exciting 2020 on the BrickX Platform!
No investment advice: The information in this document should not be taken as financial product advice and is intended only to provide factual information about the loyalty bonus offer by Thundering Herd. This document has been prepared without taking account of any member’s objectives, financial situation or needs. Because of this, before acting on the information in this document you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs. Before making a decision whether to become or remain a member of the BrickX Platform you should obtain and read the Product Disclosure Statement for the BrickX Platform, available at https://www.brickx.com/pds.
Update To The BrickX Platform Product Disclosure Statement dated 1 June 2019 (“PDS”)
Issuer: BrickX Financial Services Limited (ABN 67 616 118 088) (AFSL 494878) (BrickX Financial Services)
(Capitalised terms have the meaning given in the PDS unless otherwise defined.)
The parent company of BrickX Financial Services, Thundering Herd Pty Ltd ABN 22 603 726 085 (Thundering Herd) is offering each Member a 3% p.a. loyalty bonus based on the Member’s Digital Wallet balance up to $200,000 for the period between 1 March 2020 and 31 March 2020 (see the terms and conditions below). See also section 6.4 on page 36 of the PDS for an explanation of the Digital Wallet.
Terms and Conditions
- The loyalty bonus period will run between 9:00 am AEDT on Sunday 1st March 2020 and 11:59 pm AEDT on Tuesday 31st March 2020 (the Bonus Period), and a Member’s entitlement to receive a loyalty bonus is subject to the terms below.
- The loyalty bonus is an ex gratia payment, which will be fully funded by Thundering Herd from its own funds and will not be sourced from the earnings or assets of the BrickX Platform or any BrickX Trust. BrickX Financial Services is merely assisting Thundering Herd in making payment of the loyalty bonus by issuing this notice to you, and is not responsible for making the payment.
- The loyalty bonus will be calculated daily at a rate of 3% per annum on the credit balance of a Member’s Digital Wallet during each day of the Bonus Period. The loyalty bonus will be calculated based on wallet balance as at 11:59pm AEDT each day.
- Please note that the daily Digital Wallet balance on which the loyalty bonus will be calculated will be subject to a cap of $200,000.
- Thundering Herd will pay the loyalty bonus into Members’ Digital Wallets on Thursday 9th April 2020: in relation to the Bonus Period, ending 11:59pm Tuesday 31st March 2020.
- In order to be entitled to receive the loyalty bonus for the relevant bonus period identified at paragraph 5 above, you must remain a Member of the BrickX Platform for that entire bonus period, up to and including the date on which payment for the relevant bonus period is made into your Digital Wallet. For example: a person who was a Member on Wednesday 1 January 2020, and who ceases to be a Member on Monday 2nd March 2020, will not receive a loyalty bonus. However, if the person remains a Member to Tuesday 31st March 2020, they will receive a loyalty bonus for the Bonus Period.
- You should consider any tax implications of the loyalty bonus, and we recommend you seek independent tax advice.
- Please note that BPAY payments can take up to 1-2 business days to be received and appear as cleared funds in your Digital Wallet. Direct Debits take up to 4 business days to clear. Payments can also be made through POLi to provide instant funds (up to $20,000).
- Please note that BrickX Financial Services will not provide forward estimates to individual members on the amount to be paid, and the loyalty bonus will not be reflected in your Digital Wallet unless and until Thundering Herd makes payment to BrickX Financial Services for this purpose.
- All questions relating to this promotion should be directed to BrickX Financial Services at [email protected]