WEBSITaE TERMS AND CONDITIONS FOR INCENTIVE
1. The following Terms and Conditions apply to the provision of Incentives to our Buyers.
2. From time to time we offer Incentives to our Buyers. Not all Incentives are offered for all Projects.
3. In our absolute discretion, we may:
(a) choose which Incentives are offered for what Projects;
(b) limit the time period for which an Incentive is offered to Buyers;
(c) withdraw an Incentive at any time.
4. We will only be required to provide an Incentive if the Buyer enters into a separate written agreement with us.
5. No Incentives will be provided to a Buyer unless the Buyer strictly complies with the provisions of their Contract for Sale including, but not limited to:
(a) payment of the deposit pursuant the Contract for Sale; and
(b) completing their purchase on or before the date for completion as specified in the Contract for Sale.
6. If an Incentive (or part of an Incentive) is not available for any reason, we reserve the right to substitute that Incentive (or part of the Incentive which is not available) with an alternative incentive of equal or greater value, in our absolute discretion.
7. We reserve the right to alter these Terms and Conditions at any time in our absolute discretion, without notice to you.
8. In these Terms and Conditions:
(a) Buyer means a buyer who enters into a Contract for Sale with us.
(b) Contract for Sale means a contract for the sale of a unit in a Project entered into between the Buyer and us.
(c) Incentive means incentives that we may choose to offer to our Buyers or potential buyers from time to time.
(d) Projects means a development project that is promoted by us.
(e) Us and we means Geocon Group Pty Ltd ACN 165 918 356 and its related entities as defined in the Corporations Act 2001 (Cth).
9. The incentive is only valid and payable if the purchaser completes Geocon’s 5 step checklist process to ensure they are adequately prepared for settlement of their apartment on time. The 5 step process will be advised to the purchaser 6-8 months leading up to settlement and will include but not be limited to:
(a) Obtaining finance pre-approvals
(b) Or if the above has not occurred allowing a Geocon finance representative to undertake this task on behalf of the purchaser
(c) Attending one of Geocon’s pre-settlement information evenings
(d) Reading Geocon’s pre-settlement information packs
TERMS AND CONDITIONS – REFERRAL FEE PROGRAM
The following Terms and Conditions apply to our Referral Fee Program. By participating in the Referral Fee Program and making a referral, you agree to be bound by these Terms and Conditions.
1. If you refer a Purchaser to us and that Purchaser enters into a Contract of Sale with us, you are eligible to receive a Referral Fee in consideration for your referral.
2. The Referral Fee will be paid upon satisfaction of the following conditions:
a. Contract of Sale has been exchanged;
b. 5% deposit has been paid pursuant to the Contract of Sale; and
c. the Cooling-Off Period has expired or we have received a Waiver Certificate.
3. To be eligible to receive the Referral Fee the Purchaser must be a new customer:
a. who hasn’t previously purchased a property with us; and
b. who has not been entered into the Geocon Database within the six months prior to the exchange of the Contract for Sale.
4. A Purchaser may only be referred by one person. If two people refer the Purchaser to us, the person who first notifies us of the referral will be eligible for the Referral Fee.
5. We have the right to withdraw this Referral Fee Program and the Referral Fee at any time, in our absolute discretion.
6. These Terms and Conditions constitute the entire agreement between yourself and us in connection with the Referral Fee Program and the Referral Fee.
7. These Terms and Conditions are governed by the laws of The Australian Capital Territory and you submit to the non-exclusive jurisdiction of the courts of that Territory.
8. In these Terms and Conditions:
a. Contract of Sale means a contract for the sale of a Geocon Property.
b. Cooling-Off Period means the Purchaser’s cooling off period pursuant to section 12 of the Act.
c. Geocon Database means the database maintained by Geocon with information regarding potential purchasers as updated from time to time.
d. Geocon Property means a property being sold by us.
e. our, we, us means Geocon Group Pty Ltd ACN 165 918 356 and its related entities as defined in the Corporations Act 2001 (Cth).
f. Purchaser means a person or organisation that you refer to us to buy a Geocon Property.
g. Referral Fee means an amount payable under these terms and conditions, being AU$2,000, or other such amount as determined by us from time to time in our absolute discretion.
h. Referral Fee Program means the incentive offered to our referrers as set out in these Terms and Conditions.
i. Terms and Conditions means these terms and conditions for our Referral Fee Program.
j. The Act means Civil Law (Sale of Residential Property) Act 2003 (ACT).
k. Waiver Certificate means a certificate issued under Section 17 of the Act to waive the Purchaser’s rights to a Cooling-Off Period.
TERMS AND CONDITIONS – GEODEPOSIT
GEOCON’s GeoDeposit Incentive provides You with the balance of your 5% Deposit, less your $1,000.00 contribution, paid into the Stakeholder’s Trust Account.*
Terms and Conditions
Please read these terms and conditions carefully as they govern the basis for the Incentive to the You
1. In these terms and conditions:
Contract for Sale means an unconditional contract for sale for the purchase of The Property exchanged through a Sales Agent in Canberra;
Incentive means the incentive stated on the front of this certificate;
Geocon means GRE Sales Pty Limited;
Stakeholder means the Stakeholder listed in the Contract for Sale; and
You means the purchaser(s) in the Contract for Sale.
2. Geocon will provide the Incentive subject to these terms and conditions.
3. By applying for the Incentive, You agree you have read the terms and conditions and agree to be bound by them.
4. To be eligible for the Incentive You must meet and continue to meet each of the following criteria (Eligibility Criteria):
a. You have entered into the Contract for Sale between 20 November 2019 and 25 December 2019 in either of our Republic or Dusk developments;
b. You must have contributed at least $1,000.00 towards the Deposit;
c. You must provide confirmation to Geocon that You have obtained approval for finance to complete the Contract for Sale at least five months before the date for Completion, as reasonably estimated by Geocon and notified to You; and
d. You must strictly comply with the terms of the Contract for Sale including, but not limited to completing the purchase on or before the date for completion specified in the Contract for Sale;
e. You must apply for the Incentive by submitting the following documents on exchange of the Contract for Sale:
i. A copy of the front schedule of the exchanged Contract for Sale
ii. A copy of your ACT Driver’s Licence; and
iii. A copy of this certificate signed by you.
5. The Incentive is limited to the balance of 5% of the Purchase Price, less $1,000.00 to be contributed by You, and will be paid to the Stakeholder on your behalf prior to completion of the Contract for Sale.
6. If the Contract for Sale is terminated, rescinded or does not complete, for any reason:
a. Geocon is released and discharged from obligations, if any, under these terms and conditions; and
b. where Geocon has paid the Incentive, you agree and authorise Geocon to recover the Incentive from the Stakeholder; and
c. where the Buyer is in default under the terms of the Contract for Sale, the full 10% deposit will immediately become due and payable and the provisions of Clause 52.6 of the Contract for Sale apply; and
d. You may make no claim for compensation.
7. You may only make one claim for the Incentive for the Property listed in the Contract for Sale, regardless of the number of purchasers;
8. This Incentive cannot be used in conjunction with any other Incentive, discount or inducement offered by Geocon in connection with this Property;
9. The Incentive is non-exchangeable, non-transferable and may not be assigned. The Incentive is not redeemable for any other type of incentive.
10. The Incentive is to be assessed at the sole discretion of Geocon on a case by case basis.
11. Geocon may reject your application if in its reasonable opinion You fail to strictly comply with the Eligibility Criteria.
GEOCON FINANCE HOME LOAN CASHBACK
(a) The buyer must present the rate they have been offered by another lender to qualify.
(b) The lender must be a panel lender for VOW Financial, whom act as the aggregator for Geocon Home Loans Pty Ltd. This includes over 30 lenders but there may be some lenders that are available elsewhere that are not on VOW Financial’s panel of lenders.
(c) The cash back offer is available for the first 12 months of the home loan, from the date of settlement to the date of the 12 month anniversary of settlement.
(d) The cash back offer is calculated daily against the balance of the home loan and credited monthly, and is calculated based on the trail commission percentage the chosen lender pays to Geocon Finance.
(e) This promotion is also available for both variable rates and fixed rates, and also for both owner-occupier buyers and investrs.
(f) This rate will cease should the buyer refinance their home loan to another lender within the 12 month promotion period unless the buyer facilitates their refinance through Geocon Finance.
(g) This promotion will cease should the borrower refinances their home loan to another lender during the 12 month promotion period UNLESS the refinance to another lender is facilitated by Geocon Finance, in which case the interest rate/cash back rebate would be adjusted according to the new lender’s rate of trail commissions paid to Geocon Finance.
(h) The promotion will also cease if the loan is paid out or the property is sold within the 12 month promotion period.
(i) Only available for the first 50 Dusk and Republic buyers that take out their home loan with Geocon Finance.
TERMS AND CONDITIONS – GUARANTEED 6% GROSS RENTAL YIELD
The provision of Geocon’s Rental Guarantee is subject to and conditional upon the owner of the Geocon property entering into a property management agreement with Geocon Property Management Pty Ltd as trustee for the Geocon Property Management Unit Trust for the length of the rental guarantee and complying with the terms of that agreement. The terms of the property management agreement may vary from development to development and a copy of the relevant agreement for your development can be obtained by emailing the Geocon Property Management Team at pm@geocon.com.au.
GEOCON’S GEOPAY ALLOWS YOU TO PAY THE BALANCE OF YOUR 10% DEPOSIT, LESS YOUR $1,000.00 CONTRIBUTION, ON SETTLEMENT.*
Incentive Certificate • Terms and Conditions
Please read these terms and conditions carefully as they govern the basis for the Incentive to the You
1.In these terms and conditions:
Contract for Sale means an unconditional contract for sale for the purchase of the Property exchanged through a Sales Agent in Canberra;
Incentive means the incentive stated on the front of this certificate;
Geocon means the Developer listed in the Contract for Sale;
Stakeholder means the Stakeholder listed in the Contract for Sale; and
You means the purchaser(s) in the Contract for Sale.
2.Geocon will provide the Incentive subject to these terms and conditions.
3.By applying for the Incentive, You agree you have read the terms and conditions and agree to be bound by them.
4.To be eligible for the Incentive You must meet and continue to meet each of the following criteria (Eligibility Criteria):
a.You must satisfy the definition of eligible home buyer in accordance with section 5 of the Taxation Administration (Amounts Payable—Home Buyer Concession Scheme) Determination 2019 (No 2) (ACT);
b.You have entered into a Contract for Sale;
c.You must strictly comply with the terms of the Contract for Sale including, but not limited to, completing the purchase on or before the date for completion specified in the Contract for Sale;
d.You must apply for the Incentive by submitting the following documents on exchange of Contracts:
i.A copy of the front schedule of the exchanged Contract for Sale
ii.A copy of your ACT Driver’s Licence; and
iii.A copy of this certificate signed by you.
5.If the Contract for Sale is terminated, rescinded or does not complete, for any reason:
a.Geocon is released and discharged from obligations, if any, under these terms and conditions; and
b.where the Buyer is in default under the terms of the Contract, the full 10% deposit will immediately become due and payable and the provisions of Clause 52.6 of the Contract apply; and
c.You may make no claim for compensation.
6.You may only make one claim for the Incentive for the Property listed in the Contract for Sale, regardless of the number of purchasers;
7.This Incentive cannot be used in conjunction with any other Incentive, discount or inducement offered by Geocon in connection with this Property;
8.The Incentive is non-exchangeable, non-transferable and may not be assigned. The Incentive is not redeemable for any other type of incentive.
9.The Incentive is only available to the first twenty (20) applicants in Geocon’s Dusk and Republic residential projects, who are eligible for the Incentive in accordance with these terms and conditions and have exchanged the Contract for Sale before 30 September 2019. The first twenty (20) eligible applicants are to be determined in Geocon’s sole discretion, acting reasonably.
FHB DOLLAR FOR DOLLAR DEPOSIT • INCENTIVE CERTIFICATE • TERMS AND CONDITIONS
Please read these terms and conditions carefully as they govern the basis for the Incentive to the You
1. In these terms and conditions:
Contract for Sale means an unconditional contract for sale for the purchase of the Property exchanged through a Sales Agent in Canberra;
Incentive means the incentive stated on the front of this certificate;
Geocon means GRE Sales Pty Limited;
Stakeholder means the Stakeholder listed in the Contract for Sale; and
You means the purchaser(s) in the Contract for Sale.
2. Geocon will provide the Incentive subject to these terms and conditions.
3. By applying for the Incentive, You agree you have read the terms and conditions and agree to be bound by them.
4. To be eligible for the Incentive You must meet and continue to meet each of the following criteria (Eligibility Criteria):
a. You have entered into the Contract for Sale in either of our Aspen or The Establishment Developments;
b. You must provide a Statutory Declaration that the purchase of the Property by you meets the criteria set out in section 6(1) of the Taxation Administration (Amounts Payable—Home Buyer Concession Scheme) Determination 2019 (No 2) (ACT);
c. You must provide confirmation to Geocon that You have obtained approval for finance to complete the Contract for Sale at least five months before the date for Completion, as reasonably estimated by Geocon and notified to You;
and
d. You must strictly comply with the terms of the Contract for Sale including, but not limited to completing the purchase on or before the date for completion specified in the Contract for Sale;
e. You must pay your 2.5% deposit by equal monthly instalments to the Stakeholder’s Trust Account by 1 April 2020 and email receipts to conveyancing@geocon.com.au;
f. You must apply for the Incentive by submitting the following documents on exchange of the Contract for Sale:
i. A copy of the front schedule of the exchanged Contract for Sale
ii. A copy of your ACT Driver’s Licence; and
iii. A copy of this certificate signed by you.
5. If it becomes apparent that you will no longer meet any of the Eligibility Criteria, including that the purchase of the Property by You no longer satisfies the criteria set out section 6(1) of the Taxation Administration (Amounts Payable—Home Buyer Concession Scheme) Determination 2019 (No 2) (ACT), you must give written notice to Geocon within 14 days after the date it first becomes apparent that you no longer meet the Eligibility Criteria;
6. The Incentive is limited to 2.5% of the Purchase Price and will be provided to the Stakeholder prior to completion of the Contract for Sale.
7. If the Contract for Sale is terminated, rescinded or does not complete, for any reason:
a. Geocon is released and discharged from obligations, if any, under these terms and conditions; and
b. where Geocon has paid the Incentive, you agree and authorise Geocon to recover the Incentive from the Stakeholder; and
c. where the Buyer is in default under the terms of the Contract for Sale, the full 10% deposit will immediately become due and payable and the provisions of Clause 52.6 of the Contract for Sale apply; and
d. You may make no claim for compensation.
8. You may only make one claim for the Incentive for the Property listed in the Contract for Sale, regardless of the number of purchasers;
9. This Incentive cannot be used in conjunction with any other Incentive, discount or inducement offered by Geocon in connection with this Property;
10. The Incentive is non-exchangeable, non-transferable and may not be assigned.
11. The Incentive is not redeemable for any other type of incentive.The Incentive is to be assessed at the sole discretion of Geocon on a case by case basis.
12. Geocon may reject your application if in its reasonable opinion You fail to strictly comply with the Eligibility Criteria.
DISCLAIMER
The information, images and plans representing any development on this website are for illustration only and are subject to change. Please contact your agent/representative for the most up to date plans and information before entering into any contract for sale. Illustrations and plans are the designer’s impressions only and may not be an accurate representation of the development, or be to scale. Purchasers should rely on their own inquiries and information in their contract for sale before making any commitments. The material contained on this website does not form part of any offer, inducement, representation, warranty or contract.