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How long has Win Securities Limited been in operation?

Win Securities Limited has been in operation since 1990.

Is there a choice of terms available?

You are able to invest with us on a fixed terms range from 60 days to 36 months.

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.

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. On receipt of your application, we will ask you to complete a customer identification check and a questionnaire to assist the Company in determining whether you are within the target market for which the Notes are designed. Additional funds may be invested via electronic funds transfer, cheque or any other method we approve.

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.

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 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 Melbourne Securities Corporation Ltd as Trustee for the holders of Winsec Notes.

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. “31 Day Notice” Winsec Notes require a minimum investment of $100.00.

What happens when my fixed term investment reaches its maturity?

The Company will send a notice to investors whose investments are approaching maturity not less than 4 weeks before the maturity date of the investment, requesting the investor’s instructions as to whether the investor wishes the investment to be repaid or to be reinvested for the same term, or into another product with a different 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. “31 Day Notice” Winsec Note depositors will receive a deposit booklet containing a receipt.

How is interest paid?

Interest on “31 Day Notice” Winsec Notes must be compounded to your account with us. Interest on fixed term investments may be added to the deposit, credited to a “31 Day Notice” account with us, sent by cheque or electronically transferred directly to another financial institution in accordance with your payment instructions.

Early Withdrawal

The Company will consider early withdrawals from a “Fixed Term” investment only in special circumstances. This will be at the sole discretion of the Company, and may be subject to a 1% adjustment of the interest rate. In line with the Banking exemption No. 1 of 2015, withdrawal requests to 31 day notice accounts will require at least 31 days' notice to be given to the Company. The Company will consider exemptions to this 31 day notice only in cases of hardship and compassionate grounds as per the Company's Hardship Policy.  

The exemption criteria for 31 Day Notice Winsec Notes may include, but are not limited to:

Suffering an illness or injury
Unemployment or reduction in working hours
Emergency or natural disaster
Significant life events such as family death or relationship breakdown
Sudden changes in income or expenditure

When is interest payable?

Interest is calculated in arrears on “31 Day Notice” Winsec Notes on the 28th day of each month or the next business day and compounded into the investment. Interest on fixed term investments is payable at maturity except for 12, 24 and 36 month deposits which can be paid monthly, quarterly, half-yearly or annually from the date of deposit.

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: 43 Reid Street, Wangaratta, Victoria.  

We will acknowledge receipt of your complaint within 24 hours and advise you of our decision on your complaint within 30 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 the Australian Financial Complaints Authority (AFCA). 

Details of how to access this service are available at the Company’s registered office or contact AFCA direct at:
G.P.O. Box 3, Melbourne 3001, or phone 1800 931 678 (9am - 5pm AEST).

Email info@afca.org.au or via their website www.afca.org.au

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 a “31 Day Notice” Winsec Notes investment at any time, but you will not be able to redeem additional funds for 31 days from the date they are invested.

Is there a limit when adding to an investment?

No. If accepted, any amounts may be added to the principal balance of your investment.

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 with holding 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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Provincial Finance Group Mortgage & Finance Association of Australia Law Institute of Victoria Australian Taxation Office Moneysmart ASIC Australian Taxation Office Reserve Bank of Australia

Resources

Important Notice Complaints Policy ID Requirements Target Market Determination
- 31 Day Notice Target Market Determination
- Fixed Term Calculators FAQ’s Privacy Policy

Downloads

Application Form Prospectus 27

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