ANZ’S ‘WIN UP TO $500,000 OFF YOUR HOME LOAN’
PROMOTION FOR NEW ANZ HOME LOANS
1. The promoter of ANZ’s ‘Win Up To $500,000 Off Your
Home Loan’ Promotion for new ANZ home loans
(Promotion) is Australia and New Zealand Banking
Group Limited ABN 11 005 357 522 of Level 9, 833
Collins Street, Docklands, Victoria, 3008 (ANZ).
2. Information on how to enter the Promotion and
the prizes under the Promotion form part of these
terms and conditions of entry. By participating in the
Promotion (including by accepting a Prize), a person
is taken to have accepted, and to have agreed to be
bound by, these terms and conditions.
3. The Promotion commences at 12:01 am (AEST) on
30 June 2019 and closes at 11:59 pm (AEST) on 31
January 2020 (Promotional Period).
4. Entry in the Promotion is open to individuals who:
(a) are Australian citizens or permanent residents
(b) are individuals aged 18 years or above; and
(c) are not:
(1) an employee or contractor (or a member of
the immediate family of such an individual)
of ANZ or an entity associated with the
Promotion, or a subsidiary or related entity
of ANZ or an entity associated with the
Promotion at any time between 30 June
2019 and the date of the draw of the Prize
winners under the Promotion;
(2) a director or former director of ANZ or a
subsidiary or related entity of ANZ; or
(3) a former employee of ANZ or a subsidiary
or related entity of ANZ who held a role
classified by ANZ as senior executive and/or
group 1 status.
A person’s immediate family member is the person’s
spouse, de facto spouse, child or step-child (whether
natural or by adoption), parent, step-parent, brother,
sister, step-brother or step-sister.
5. ANZ reserves the right at any time:
(a) to require each such participant (Eligible
Entrant) to provide proof to ANZ’s reasonable
satisfaction that the participant is an Eligible
(b) to disqualify any Eligible Entrant who participates
in this Promotion but does not comply with these
terms and conditions, who tampers with the
entry or draw process, or who acts in relation to
this Promotion or an Eligible ANZ Home Loan in a
way which ANZ reasonably believes is fraudulent,
misleading or deceptive.
Failure by ANZ to enforce any of its rights at any stage
does not constitute a waiver of those rights. Errors and
omissions will be accepted at ANZ’s discretion.
6. To enter the Promotion, an Eligible Entrant must:
(a) apply to ANZ for an Eligible ANZ Home Loan of
over $300,000 between 30 June 2019 and 31
(b) be approved and offered that Eligible ANZ Home
Loan by ANZ between 30 June 2019 and 31
January 2020; and
(c) draw down at least $300,000 under that Eligible
ANZ Home Loan between 30 June 2019 and 31
An Eligible ANZ Home Loan is an ANZ Standard
Variable Rate Loan, ANZ Fixed Rate Loan or ANZ
Simplicity PLUS Loan which is secured by a mortgage
or other security granted in favour of ANZ over a
residential investment or owner occupied property
and which loan is in the name of at least one
individual borrower and for the purpose of purchasing
a property or refinancing an existing loan held with
another financial institution, excluding the following:
(a) An ANZ loan product which permits a borrower
to draw down credit progressively for the
purchase and/or construction of a property or a
home, and which has not been fully drawn down
(or which is not treated by ANZ as having been
fully drawn down) as at 31 January 2020.
(b) An ANZ Equity Manager home loan or other
ANZ line of credit product.
(c) Additional lending under an existing ANZ
(d) An ANZ loan product for which at least one of
the borrowers is a company, partnership, trustee
(including an individual acting in a trustee capacity),
body corporate or other non-individual entity.
7. All applications for credit, including for Eligible
ANZ Home Loans, are subject to ANZ’s credit approval
criteria. Terms and conditions, fees and charges, and
other eligibility criteria apply. Accordingly, a person
who applies to ANZ for an Eligible ANZ Home Loan
may not be approved for, and offered, such a loan,
and so may not satisfy the entry requirements for this
TERMS AND CONDITIONS
8. An Eligible Entrant who enters the Promotion will
receive a maximum of one entry in the Promotion
(regardless of how many Eligible ANZ Home Loans in
the name of the Eligible Entrant, whether individually
or with others). If there is more than one Eligible
Entrant who is a borrower under an Eligible ANZ
Home Loan, each such Eligible Entrant will receive a
maximum of one entry.
9. There will be one (1) draw and five (5) winners drawn.
The first five (5) Eligible Entrants drawn electronically
from all entries received in the Promotion will be the
winners who will each receive a prize (Prize). However,
once an Eligible Entrant has been drawn as a winner,
any subsequent draw of that Eligible Entrant as a
winner will be deemed invalid and an additional draw
undertaken (to ensure an Eligible Entrant only receives
a maximum of one Prize (except in the case of a South
Australian winner being drawn more than once).
10. For each winner, the Prize is a reduction in the
outstanding balance of any ANZ Eligible Home Loan(s)
held in the name of that winner (whether individually
or with others) of an aggregate amount not exceeding
$500,000. Unless otherwise agreed in writing by
ANZ, a Prize will first be applied by ANZ to any ANZ
Eligible Home Loan(s) held in the name of that
winner (whether individually or with others) to pay
any amount which is in arrears or otherwise due and
payable to ANZ under the loan(s) (at ANZ’s discretion)
and, if there is a dispute in relation to any such loan(s)
at the time the Prize is to be applied, ANZ reserves
the right to withhold some or all of the Prize until that
dispute has been finally resolved. If some or all of the
Prize then remains unapplied (Unapplied Prize) and:
(a) a winner holds more than one such loan, ANZ
will permit the winner to nominate how the
Unapplied Prize is to be applied across which
loans and in which amounts (subject to the terms
and conditions of the relevant ANZ home loan
(b) the outstanding balance of those loans totals
less than the Unapplied Prize, the winner will not
be entitled to any part of the Unapplied Prize
not used to reduce the outstanding balances of
those loans (whether in cash or otherwise). In
consequence, the value of a Prize received by a
winner may be less than $500,000.
A winner is not permitted to apply or take a Prize in
a way which results in (or is designed to result in)
the customer having a credit balance which may be
transferred or redeemed for cash or ANZ otherwise
being liable to pay an amount to that winner (or any
other person). Further, any Prize amount applied to an
ANZ Eligible Home Loan will not be available to any
person as redraw or offset.
11. The maximum number of Prizes an Eligible Entrant
may win under the Promotion is one (1) (except in the
case of a South Australian winner being drawn more
than once), and the total maximum value of the Prize
an Eligible Entrant may win under the Promotion is
$500,000 (including any applicable GST).
12. The total maximum value of the Prizes under the
Promotion is $2,500,000 (including any applicable GST).
13. The draw of the Prize winners under the Promotion
will take place at 2:00 pm (AEST) on 14 February 2020
(Draw Date) at Mike Da Silva & Associates (Aust) Pty
Ltd (ABN 50 003 894 022) (MDSA), Level 17, 40 Mount
Street, North Sydney, New South Wales, 2060. The
Promoter is entitled to draw additional entries in the
case of ineligibility.
14. Each Prize winner will be notified in writing by email
(using the contact details for the Eligible Entrant in
ANZ’s records) within 2 business days of the Draw
Date, and their name, town/suburb and state/territory
will be published in The Australian newspaper on 21
15. The Promoter’s decision is final and no correspondence
will be entered into. Each Prize is not exchangeable or
transferable and is not redeemable for cash.
16. An Eligible Entrant is:
(a) solely responsible for the payment or repayment
of any principal, interest and costs under any ANZ
Eligible Home Loan they acquire in connection
with the Promotion; and
(b) an Eligible Entrant is liable for any taxation
consequences of winning a Prize in the
Promotion, and should obtain their own
independent advice about such consequences.
17. ANZ reserves the right to redraw the winner of a Prize in
the event a Prize winner is unable to satisfy these terms
and conditions, or forfeits or does not claim a Prize.
18. If any Prize remains unclaimed or forfeited (through
ineligibility or otherwise) as at 5:00 pm (AEST) on 14
May 2020, a further draw for a winner of that Prize will
be conducted on 28 May 2020 at the same time and
place as the original draw (subject to any applicable
law). The winner of that Prize will be notified in writing
by email (using the contact details for the Eligible
Entrant in ANZ’s records), and their name, town/
suburb and state/territory will be published in The
Australian newspaper on 4 June 2020.
19. Each Eligible Entrant who wins a Prize agrees to
provide reasonable co-operation and assistance to
ANZ in relation to public relations and promotional
activities for the Promotion, including by participating
in interviews and contributing to articles, media
releases and other publications, and consents to
ANZ using and publishing the Eligible Entrant’s name,
image, attributed statements and/or voice in any
media for an unlimited period without remuneration
for the purpose of promoting this Promotion
(including any outcome), and promoting any products
issued, distributed and/or supplied by ANZ.
20. Entry details created for the Promotion will be used
solely for the purposes of this Promotion and will then
21. ANZ will collect personal information in order to
conduct the Promotion and may, for this purpose,
disclose such information to third parties, including
but not limited to agents and contractors. A copy of
22. ANZ is not liable for any loss or damage which is
suffered (including indirect or consequential loss), or
for personal injury suffered or sustained, as a result
of participating in this Promotion or taking any Prize,
or for any loss or damage resulting from incorrect
information provided by Eligible Entrants, except for
any liability that cannot be excluded by law.
23. ANZ reserves the right to vary the rules of the
Promotion or any Prizes offered or cancel the
Promotion (or any aspect of the Promotion) if it is no
longer able to run the competition due to reasons
beyond its control (subject to any applicable law).
ANZ will not be liable for any losses to any person
arising from any variation or cancellation, and will not
offer or pay any compensation.
24. Unless ANZ otherwise agrees in writing in its sole
discretion, a person is not eligible to enter this Promotion
or win a Prize if they have previously won any other
competition, promotion or offer by ANZ involving a
reduction of a customer’s home loan liability to ANZ,
including any similar promotion to this Promotion.
25. Authorised under NSW LTPS/19/35327, ACT
TP19/03540 & SA Licence No. T19/932.