Terms and Conditions

Suncorp Bank ESSI Money Challenge 2023

The Suncorp Bank ESSI Money Challenge 2023 will run from 9.00am (AEST) Monday 21 August 2023 until 5.00pm (AEST) Friday 1 September 2023 (Challenge).

The organiser and promoter of the Challenge is the Financial Basics Foundation ABN 90 114 612 270 (Organiser and, Promoter), Level 10, 12 Creek Street, Brisbane, Queensland, 4000.

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

By registering for or submitting an entry in the Challenge, each Educator Member and participant agrees to the following terms and conditions:

Terms and Conditions

Who can enter

1. The Challenge is open to all secondary school students aged between 12 years (taken to mean students born in 2011) and 18 years (taken to mean students born in 2005), who are residents of Australia.

2. The Challenge has two age categories. The first category comprises participants aged 12-15 years. The second category comprises participants aged 16-18 years.

3. Participants born in 2011, 2010, 2009 or 2008 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 2007, 2006 or 2005 will be deemed to be in the 16-18 year age 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 an Educator 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. After an Educator Member registers a class for the Challenge, the Educator Member will receive a ‘Student Game Link’ via the Manage ESSI Money Challenge portal on the Organiser’s website. ‘Student Game Links’ will appear on the portal from 21 August 2023. Each ‘Student Game Link’ allows up to 50 students to enter the Challenge.

9. To submit an entry to the Challenge, participants must follow the ‘Student Game 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. Entries must be received by the Organiser no later than 5:00pm (AEST) Friday 1 September 2023. Entries will be deemed to have been received by the Organiser when accepted by the Organiser’s web server or system host.

11. 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.

12. The Organiser may declare any entry invalid if:

12.1. the entry is not submitted in accordance with these terms and conditions. Information on how to enter and prizes form part of the terms and conditions of entry;

12.2. the entry does not contain all required information;

12.3. the entry contains material that is incorrect or in the Organiser’s opinion, is obscene, defamatory, derogatory, abusive, harmful to any person or entity, or otherwise inappropriate or offensive;

12.4. the Organiser reasonably suspects the participant tampered with the gameplay or the entry process;

12.5. the Organiser reasonably suspects the entry is not the participant’s own work.

13. Each participant warrants and agrees that:

a. they have created the entry themselves;

b. they are entitled to reproduce and exploit all underlying works in the entry;

c. the entry does not, and use or exploitation of the entry by the Organiser (and each of its assignees and licensees) as contemplated by these conditions will not, violate the rights (including copyright and privacy) of any third person;

d. the entry has not been previously published in any other medium or forum worldwide; and

e. they have not granted rights to their entry to any other person which is inconsistent with the rights granted to the Organiser under these conditions.

14. 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 in the game or further). However, only the highest score for each participant will be taken into consideration for judging purposes.

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

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

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

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

Judging and Prizes

19. Judging for all prize categories will commence at 9.00am on 4 September 2023 at Level 10, 12 Creek Street Brisbane. All valid entries received during the Entry Period described in clauses 8 and 10 above will be judged by the Promoter’s, and/or affiliates, judging panel based on participant scores.

There are three types of prizes – High-Scoring Participant Prizes, School Prizes and Random Prizes.

High-Scoring Participant Prizes

20. The following participants are eligible to receive the following High-Scoring Participant Prizes:

Highest score – $1,500 bank deposit

Second highest score – $1,000 bank deposit

Third highest score – $500 bank deposit

Highest score – $1,500 bank deposit

Second highest score – $1,000 bank deposit

Third highest score – $500 bank deposit

Highest score in participant’s state/territory – $250 EFTPOS gift card – one prize for each of:

  • Australian Capital Territory (including Jervis Bay)
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia

Highest score in participant’s state/territory – $250 EFTPOS gift card – one prize for each of:

  • Australian Capital Territory (including Jervis Bay)
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia

(each a Prize-winner and collectively the Prize-winners).

21. For the avoidance of doubt, there are 22 High-Scoring Participant Prizes for the Challenge: three prizes (first, second and third) for the 12-15 year category, three prizes (first, second and third) for the 16-18 year category and one prize per category for the highest score in each state/territory. Total prize value of all score-based student prizes is $10,000.

22. For High-Scoring Participant Prizes shown in the table in clause 20 as a bank deposit:

22.1. Each Prize-winner will receive their prize by a deposit into a Suncorp-Metway Limited ABN 66 010 831 722 (Suncorp Bank) bank account held in the name of the Prize-winner. Prizes for 17 years and younger will be deposited into a Kids Savings Account. Prizes for 18 years and older will be deposited into an Everyday Options Account.

22.2. If a Prize-winner does not hold a Suncorp Bank Kids Savings Account, and is under 11 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:

a. complete and sign an Account Opening Form;
b. read the relevant Product Information Document; and
c. be identified as required by Suncorp Bank.

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

How the Highest-Scoring Prize Winners are Determined

23. 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.

24. If 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.

25. 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.

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

27. 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 or for the state/territory prizes.

School prizes

28. Each school at which the highest-scoring participant prize-winner for each age category is enrolled (Winning School) will receive a prize. Each Winning School will receive AUD$1,000 in an Account held in the name of the Winning School. Total prize value for all Winning School Prizes is $2,000.

29. 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.

Publication of Prize-winners and Winning Schools

30. 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.

Random Participant Prizes

31. All eligible participants go into a random draw for one of 16 $100 EFTPOS gift vouchers. Total prize value for all Random Prizes for participants is $1,600.

32. Two students from each state/territory will be randomly selected to win a AUD$100 EFTPOS gift voucher. 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

Awarding Prizes

33. 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.

34. 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.

35. 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.

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

Unclaimed Prizes

37. Subject, where relevant, to any directions given by a relevant 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 9 October 2023; 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 the participant:

37.1. for prizes for the highest-scoring prize winners in each age category: the next highest scoring eligible participant/s based on the judging criteria set out in the section above “How the Highest Scoring Student Prize-winners are determined”; and

37.2. for the Random Prizes for participants: the eligible participant/s drawn in a redraw from a pool of the remaining eligible participants.

38. Any such redraw or decision on next-highest-scoring prize winner will take place on or before 12.00pm on Tuesday 10 October 2023 at the same location as the original judging and draw. Any Prize-winner(s) identified from this process will be notified within 2 days of the decision or redraw by a phone call and email using the details provided in their entry.

Use of personal information

39. 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 https://financialbasics.org.au/privacy-policy/.

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

41. 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.

42. 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 participant (or for participants under 18 years of age, the participant’s parent or legal guardian) may contact the Organiser by telephoning (0433 477 323) 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

43. By entering the Challenge, the winner(s) must, at the Organiser’s or Sponsor’s request, with parental/ carer consent where applicable, participate in promotional activity surrounding winning a prize (namely photographs/ footage of the presentation of prizes), free of charge, and consents to the Promoter and its affiliates 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.

44. 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

45. 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.

46. 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.

47. 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 participants 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.

48. 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 conditions 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

49. The Challenge and these terms and condition are governed by 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.

50. Permit No ACT TP 23/01381

51. Authority No NSW TP/01178