How do I invest?
To make an initial investment in Winsec Notes with us, simply complete the Application Form accompanying this Prospectus and either mail it to us or call into our office with your funds. Subsequent investments can be made using any method we approve.
Who can apply to invest?
Investments can be opened in single or joint names, or in the names of partnerships, companies and other incorporated bodies. Accounts for trusts should be opened in the name(s) of the trustee(s).
Is there a minimum opening balance?
A low initial investment of $500.00 will be accepted during the currency of this Prospectus for fixed term investments. “At Call”Winsec Notes require a minimum investment of $100.00. Subsequent investments may be for any amount.
Are there any fees or charges?
There are no establishment charges, no ongoing fees and no exit fees which apply to any investment pursuant to this Prospectus. Government taxes may be passed on to investors.
Is there a choice of terms available?
You are able to invest with us on an “At Call” basis or fixed terms ranging from 30 days to 24 months.
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How is interest paid?
Interest on “At Call” Winsec Notes must be compounded to your account with us. Interest on fixed term investments may be added to the deposit, credited to an “At Call” account with us, sent by cheque or electronically transferred directly to another financial institution in accordance with your payment instructions.
How is interest calculated?
Interest is calculated in the investment balance on a daily basis from the date of receipt of your application monies, except if received after 4.00 pm in which case it will be calculated from the next business day in Victoria.
When is interest payable?
Interest is payable in arrears on “At Call” Winsec Notes on the 28th day of each month. Interest on fixed term investments is payable at maturity except for 12 and 24 month deposits which can be paid quarterly, half-yearly or annually from the date of deposit.
Can I add to an existing investment?
Additions to investments for the remaining period of the original fixed term investment may be accepted, at our discretion, provided the interest rate for the additional investment is the same as the interest rate for the original investment. Your subsequent investment can be for any amount. You may add to an “At Call” Winsec Notes investment at any time.
Is there a limit when adding to an investment?
No. If accepted, any amounts may be added to the principal balance of your investment.
Can I have money invested for my children?
Yes. Money may be invested in the name of a child or grandchild. The account should be opened in an adult’s name as trustee for the child or grandchild. The child’s Tax File Number or, if you are claiming a Tax File Number exemption for the child, the child’s date of birth, should be specified on the Application Form.
What do you do with the funds I invest?
The Company lends against registered mortgages over real property in Australia with the balance of the funds invested in Australian banks and other investments as permitted by the Trust Deed.
Is repayment of my investment secured?
Repayment of all monies that have been or may be deposited with the Company for investment in Winsec Notes is secured by a charge over the whole of the assets and undertaking of the Company in favour of Sandhurst Trustees Limited as Trustee for the holders of Winsec Notes.
What happens when my fixed term investment reaches its maturity?
Approximately two to three weeks before the investment falls due we will notify you in writing of the upcoming maturity of your investment and offer you the opportunity to reinvest with us for a further term.
How will I know you have accepted my investment?
We will forward to you a “Certificate of Winsec Notes” as soon as reasonably practicable and in any event within two months of receipt of application monies for fixed term investments. “At Call” Winsec Note depositors will receive a deposit booklet containing a receipt.
What do you do if you have a complaint?
The Company’s policy is to handle complaints by holders of Winsec Notes (“ Winsec Noteholders”) promptly and fairly. Winsec Noteholders who have a complaint concerning a decision by the Company in relation to their Winsec Notes, may lodge a complaint with the Company in person, by telephone or in writing to the Company’s registered office at 39 Reid Street, Wangaratta, Victoria.
We will acknowledge receipt of your complaint within 7 business days and advise you of our decision on your complaint within 45 business days.
If you feel we have not satisfactorily resolved your complaint, you may refer your complaint to an independent and external complaints handling body called Financial Industry Complaints Services (“FICS”). Details of how to access this service are available at the Company’s registered office or contact FICS direct at PO Box 579 Collins Street West, Melbourne 8007, or phone 1300 780 808.
Does Win Securities Limited provide financial advice?
The Company has chosen not to provide financial advice. The Company and its representatives are able to provide you with factual information only and make no recommendation or suggestion that you invest in a particular investment as this is considered to be financial product advice. The Company’s representatives are more than happy to provide you with whatever factual information you may require in relation to Winsec Notes.
Taxation
The taxation consequences of any investment in Winsec Notes will depend upon the circumstances of each investor. The Company and its officers do not accept any responsibility or liability for any taxation consequences. Accordingly, investors should seek their own professional advice as to the taxation consequences of investing in Winsec Notes. The Company will accept applications which do not specify the tax file number of the applicant but the Company is required to deduct withholding tax from interest distributions unless a valid Tax File Number exemption is quoted.
These answers to your commonly asked questions are not meant to provide you with all the information about an investment in Winsec Notes in the Company. It is important that you carefully read this Prospectus in its entirety before deciding to invest in Winsec Notes.
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