Terms and Conditions

Suncorp ESSI Money Challenge 2018

The Challenge is the Suncorp ESSI Money Challenge 2018 which will run from 9.00am (Brisbane AEST) Monday 20 August 2018 until 5.00pm (Brisbane AEST) Friday 31 August 2018 (Challenge).

The organiser of the Challenge is the Financial Basics Foundation ABN 90 114 612 270 (Organiser), Level 7, 525 Flinders Street, Melbourne, Victoria 3000.

The Challenge is sponsored by Suncorp Corporate Services Pty Ltd ABN 69 074 966 466 (Suncorp).

By entering the Challenge, the entrant agrees to the following terms and conditions:

TERMS AND CONDITIONS

Who can enter

1. The Challenge is open to all students aged between 12 years (taken to mean students born in 2006) and 18 years (taken to mean students born in 2000), who are residents of Australia.

2. The Challenge will comprise of two categories. The first category will comprise of participants aged 12-15 years. The second category will comprise of participants aged 16-18 years.

3. Participants born in 2006, 2005, 2004 or 2003 will be deemed to be in the 12-15 year age category, despite the fact that for part or all of the Challenge, they may not be aged 12-15 years.

4. Participants born in 2002, 2001 or 2000 will be deemed to be in the 16-18 year category, despite the fact that for part or all of the Challenge, they may not be aged 16-18 years.

5. Employees, directors and shareholders of the Organiser and iLiquid Pty Ltd trading as Liquid Interactive ABN 36 121 985 117 and their immediate families are not eligible to participate in the Challenge.

6. Principal sponsors, employees of sponsor organisations, authorised agencies and their families may participate in the Challenge.

Entry process

7. To enter the Challenge, a student must be in a class for which the teacher:

    7.1. is a Member of the Financial Basics Foundation; and

    7.2. has registered the class for the Challenge using the online entry form at www.financialbasics.org.au (any other form of automated entry using any other devices or software is invalid).

8. Once registered, the Member will be provided with a 'Student Link' which will allow up to 50 students to enter the Challenge.

9. To submit an entry to the Challenge, participants must follow the 'Student Link' referred to in Clause 8 above and submit to the Organiser:

  • the duly completed ESSI Money Game; and
  • the mandatory end-of-game financial literacy quiz and survey questions that form part of the Challenge.

10. To enter the #FinLitTip competition:

  • a Member must complete the #FinLitTip section when registering a class for the Challenge using the online entry form at www.financialbasics.org.au (any other form of automated entry using any other devices or software is invalid); and
  • a participant's #FinLitTip submission must comply with the instructions described on the online entry form.

 

11. Entries must be received by the Organiser no later than 5:00pm (Brisbane AEST) Friday 31 August 2018. For the avoidance of doubt, entries will be deemed to have been received by the Organiser when accepted by the Organiser's web server or system host.

12. Entry into the Challenge is free, but internet connection and usage rates may apply and are payable by the participants. Eligible participants should obtain details of such costs from their service providers.

13. Each entry must be submitted in accordance with these terms and conditions. Information on how to enter and prizes form part of the terms and conditions of entry. Entries not made in accordance with these terms and conditions will be considered invalid.

14. By entering the Challenge, each participant agrees to be bound by these terms and conditions and acknowledges that they have read and understood the terms and conditions, including all amendments, additions, replacements and modifications which may be made from time to time by the Organiser.

15. The Organiser may in its absolute discretion refuse to award any prize to any participant who fails to comply with these terms and conditions.

16. An entry that does not contain all required information or contains incorrect, obscene, defamatory, derogatory, abusive, harmful to any person or entity, or otherwise inappropriate or offensive information will be considered invalid and the Organiser reserves the right to declare any entry invalid.

17. Each participant must warrant that the information and particulars submitted to the Organiser are true, accurate, complete, their own work and do not infringe on the rights (including copyright) of any other person. Each participant aged 18 years and over warrants that they will irrevocably indemnify, hold harmless and release the Organiser against any loss or damage resulting from any breach of these warranties.

18. The Organiser reserves the right, at any time, to verify the validity of entries and participants (including a participant's identity) and to disqualify any participant who submits an entry that is not in accordance with these terms and conditions or who tampers with the entry process.

19. The Organiser is not responsible for incomplete, lost, late, damaged, indecipherable or misdirected entries.

20. For the purposes of entering the Challenge, each participant may make a maximum of five attempts (combined across all classes entered) at the ESSI Money Game (where an "attempt" is when a participant has logged-in and progressed to "week 2" or further). However, only the highest score for each participant will be taken into consideration for judging purposes.

21. Any participant making in excess of five attempts (combined across all classes entered) at the ESSI Money Game will be disqualified from the Challenge.

22. The Organiser is not responsible for any problem or technical malfunction of any telephone, telephone or computer network, lines, servers, telephone or internet providers, traffic congestion on any phone or computer network or a combination thereof, including any injury or damage to a participant's computer, related to or resulting from participation or sending or receiving of any communication of any materials in this Challenge.

23. All entries become the property of the Organiser and will not be returned to the participants.

24. Failure by the Organiser to enforce any of its rights at any stage does not constitute a waiver of those rights.

Judging and Prizes

25. Judging for all prize categories will commence at 9.00am on 3 September at Level 7, 525 Flinders Street Melbourne. All valid entries received during the Entry Period will be judged by the Promoter’s judging panel based on participant scores.

How the Highest Scoring Student Prize-winners are determined

26. The participants with the highest three scores in each age category are eligible to receive prizes for their category for the Challenge (each a Prize-winner and collectively the Prize-winners).

27. For the avoidance of doubt, there are six prizes for the Challenge: three prizes (first, second and third) for the 12-15 year category and three prizes (first, second and third) for the 16-18 year category.

How the Highest Scoring Student Prize-winners are determined

28. The Individual Prizes in each category are $1,500 for first, $1,000 for second $750 for third place. Total prize value for all Individual Prizes is $6,500. Each Prize-winner will receive their Individual Prize by a deposit into a Suncorp-Metway Limited ABN 66 010 831 722 (Suncorp Bank) Suncorp Bank Kids Savings Account held in the name of the Prize-winner.

29. If a Prize-winner does not hold a Suncorp Bank Kids Savings Account, and is under 12 years of age, their parent or guardian will need to assist in opening the account to redeem the prize. To open an account, the Prize-winner and their parent or guardian must attend a Suncorp Bank Branch and:

  29.1 complete and sign an Account Opening Form;

  29.2 read the relevant Product Information Document; and

  29.3 be identified as required by Suncorp Bank.

30. Once the relevant account has been opened, Suncorp Bank will deposit the Individual Prize into the Suncorp Bank Kids Savings Account as the opening balance. If the Prize-winner already holds a Suncorp Bank Kids Savings Account, Suncorp will deposit the Individual Prize into this existing account.

31. Participant scores will be calculated by combining the net value at the end of the ESSI Money Game with the score from the mandatory end-of-game financial literacy quiz questions that form part of the Challenge.

32. Where multiple participants in an age category have the same score (which is the first, second or third highest score for the age category), the Organiser will, at its sole discretion, determine the Prize-winners based on the participants' responses to the mandatory end-of-game financial literacy questions that form part of the Challenge.

33. The decisions made by the Organiser and/or its appointed judges are final and binding in all manner and no appeals or discussions in relation to the decisions shall be entered into for any reason whatsoever.

34. The Organiser reserves the right to amend or determine the selection process of Prize-winners at any time.

35. Participants who have won prizes (in either age category) in previous years of the ESSI Money Challenge may participate in the Challenge however they will NOT be eligible to be selected as Prize-winners in either age category.

36. The Organiser will notify those participants who have been determined as the Prize-winners by email or telephone using the details provided in their entry at the Organiser's discretion after the end date of the Challenge and will provide the Prize-winners with letters detailing the Prize and how to redeem it.

37. The participants who have been deemed the Prize-winners must be able to produce proof, to the Organiser's satisfaction, that they meet the eligibility criteria of the Challenge and these terms and conditions before they can be officially considered the Prize-winners.

38. Other than as expressly stated in these conditions, a prize is non-transferable, non-refundable, non-exchangeable, non-replaceable, and non-redeemable for another prize including cash, except at the Organiser’s discretion and subject to relevant State and Territory legislation.

39. The Prize-winners and Winning Schools should seek independent financial advice about any tax implications that may arise from receipt of the Prizes.

How the Winning Schools are determined

40. Each school (including Australian educational institutions other than secondary schools, eg TAFE) at which the first Student Prize-winner for each age category is enrolled (Winning School) will receive a prize. Each Winning School will receive AUD$1,500 in an Account held in the name of the Winning School. Total prize value for all Winning School Prizes is $3,000.

The Organiser will notify the Winning Schools by email or telephone and will provide the Winning Schools with their Prize at the Organiser's discretion after the end date of the Challenge.

If the first student Prize-winner for an age category is home-schooled, the Winning School prize will not be awarded to their home school. Instead, the Winning School prize will be awarded to an Australian secondary school nominated by the registered home-school educator of that Student Prize-winner. If no nomination is made within 7 days after the Organiser notifies the registered home-school educator, the Organiser will decide in its sole discretion which Australian secondary school will receive the prize. 

Publication of Prize-winners and Winning Schools

41. The names of the Prize-winners and the Winning Schools will appear on the Organiser’s website as soon as practicable after the Prize-winners have been determined by the Organiser. The names of Prize-winners who are under 18 years of age will not be published unless their parent or legal guardian so consents.

How the #FinLitTip Prizes are determined

42. Three Members will each win AUD $500 deposited in an Account held in the name of the Winning School. Total prize value for all #FinLitTip Prizes is $1,500.

43. To enter the #FinLitTip Competition, Members must complete the #FinLitTip entry which forms part of the ADD AN ESSI MONEY CHALLENGE CLASS form.

44. Each entry must be received in accordance with these conditions. There is no limit to the number of entries in the #FinLitTip Competition.

45. All valid entries received during the entry period will be entered into the #FinLitTip Competition. The winning entries will be notified at the Organiser's discretion after the end date of the Challenge.

46. Winners will be selected based on the following criteria: creativity, originality and relevance to theme. The decisions made by the Organiser and/or its appointed judges are final and binding in all manner and no appeals or discussions in relation to the decisions shall be entered into for any reason whatsoever.

How the Random Prizes for Student Participants are determined

47. All eligible student participants go into a random draw for one of 16 x $250 Suncorp eftpos cards. Total prize value for all Random Prizes for Student Participants is $4,000.

48. Two students from each state/territory will be randomly selected to win a AUD$250 Suncorp eftpos cards. One student from a metropolitan area, and one student from a regional area in each of the eight states and territories as described by the Australian Government, Department of Home Affairs:

https://www.homeaffairs.gov.au/trav/work/work/allocation-dates-for-general-skilled-migration-applications/regional-growth

49. NSW Permit No. LTPS/18/26502

Unclaimed Prizes

50. If a prize (or part of a prize) is unavailable for any reason, the Organiser may, in its absolute discretion, substitute alternative goods or services of equal or higher value, subject to the approval of any relevant gaming authority and any State and Territory legislation, where required. The Organiser accepts no other liability or responsibility for any loss incurred by a Prize-winner or any other party if a prize (or part of prize) is unavailable for any reason.

51. Subject, where relevant, to any directions given by a relevant gaming authority, if: (i) a prize is not claimed by a Prize-winner or the Organiser has been unable (despite reasonable efforts) to successfully contact a Prize-winner on or before Monday 17 September 2018; or (ii) a Prize-winner is determined by the Organiser to be ineligible to win a prize in accordance with these conditions, the relevant prize will be forfeited and instead awarded to another eligible entrant in a redraw. Any such redraw will be made from a pool of the remaining eligible entrants and will take place at 12.00pm on Tuesday 18 September 2018 at the same location as the original draw, with any unclaimed prizes awarded to the next valid entry randomly drawn in descending order of value (if applicable). Any redraw prize Prize-winner(s) will be notified within 2 days of the redraw by a phone call and email using the details provided in their entry.

Use of personal information

52. Participants aged 18 and over agree that the Organiser may use the personal information provided in their entry for any purpose associated with the Challenge, including notifying the winner, publicity, promotion and public relations (and any transfer, processing, use or storage required in relation to these uses). All other use of personal information will be in accordance with the Organiser's Privacy Policy http://www.financialbasics.org.au/privacy-policy.aspx

53. Personal information of participants under 18 years of age will only be used with the consent of the participant's parent or legal guardian.

54. Personal information of participants will not be passed on or used by any other agencies, sponsors or organisations assisting with the Challenge except as necessary to any companies connected to the Challenge and to any relevant authorities for the purpose of administering the Challenge and awarding any prizes.

55. If at any time during or after the Challenge a participant wants to delete any personal information that the Organiser has collected from that person’s entry into the Challenge, the entrant may contact the Organiser by telephoning (03) 9610 4919 to this effect. However, if the participant requests the deletion of their personal information during the Challenge period, the participant will no longer be eligible to win prizes.

Participation in promotional work for the Challenge

56. By entering the Challenge, the winner(s) must, at the Organiser’s or Sponsor’s request, participate in all promotional activity (such as publicity and photography) surrounding winning a prize, free of charge, and consent to the Promoter using their name, likeness, image and/or voice (including any photograph, film and/or recording of them) in promotional material in any media at any time without notification or compensation, financial or otherwise.

57. Participants under 18 years of age will not be able to participate in any promotion, advertising or public relations activities unless the participant's parent or legal guardian consents.

General conduct of the Challenge

58. If there is any event that prevents or hinders the Organiser's conduct of the Challenge or the Organiser's ability to deliver Prizes in respect of the Challenge, then the Organiser may in its absolute discretion cancel the Challenge. Alternatively or subsequent to cancelling the Challenge, the Organiser may recommence the Challenge under similar conditions or substitute any of the Prizes for a prize of similar value.

59. If for any reason the Challenge does not run for its duration due to a computer virus, tampering, unauthorised intervention, fraud, technical failures or any other cause beyond the control of the Organiser that corrupts or affects the administration, security, fairness, integrity or proper conduct of the Challenge, the Organiser reserves the right in its sole discretion to cancel, terminate, modify or suspend the Challenge or disqualify any individual who tampers with the entry process.

60. Except for any liability that cannot be excluded at law, the Organiser is not responsible for any:

  • malfunction, delay or traffic congestion on any telephone network or line, computer on-line system, servers or providers, computer equipment, software, or website;
  • failure of any email or entry to be received by the Organiser; nor
  • any injury or damage to entrants or any other person related to or resulting from participation in the Challenge, downloading any materials in the Challenge or winning or using any of the Prizes.

 

61. Notwithstanding anything in these terms and conditions, the Organiser reserves the right at any time in its absolute discretion to:

  • Cancel or modify the Challenge, or any part thereof,
  • Determine and/or amend, by addition to, deletion from or variation of, these terms and condition without prior notification, including but not limited to, the eligibility terms and criteria for the Challenge and the selection of Prize-winners; or
  • Substitute any prize with another of equivalent value without prior notice and without having to disclose any reason and without any payment or compensation whatsoever.

 

Governing law

62. The Challenge and these terms and condition shall be run by and construed in accordance with the laws of the state of Victoria, and the parties submit to the exclusive jurisdiction of the courts of Victoria in the determination of any matter or dispute arising in connection therewith.