1.Introduction
1.1 These Terms and Conditions:
(a) apply to and govern the contractual relationship between the Program Partner and each Member with respect to the Reward Scheme made available by the Program Partner as a participant in the Qantas Business Rewards Program;
(b) are effective as at the date specified above and may be amended from time to time; and
(c) operate in conjunction with the Qantas Business Rewards Program Terms and Conditions (available at https://www.qantas.com/au/en/business-rewards/terms-and-conditions.html) and in the event of any inconsistency or conflict the Qantas Business Rewards Program Terms and Conditions prevail.
1.2 It is the Member’s responsibility to read and understand these Terms and Conditions. Any queries regarding these Terms and Conditions should be directed to the Program Partner.
2. Definitions
2.1 Unless the context otherwise requires:
(a) terms used in the Qantas Business Rewards Program Terms and Conditions and the QFF Program Terms have the same meaning in these Terms and Conditions; and
(b) the following terms have these meanings in these Terms and Conditions.
Eligible Product means an Octet Trade Finance Facility.
Member means a person who:
- has entered into a facility agreement with the Program Partner which has not been terminated and may obtain financial accommodation from the Program Partner under that facility agreement to assist that person in making payment for goods and services
purchased by that person; and
- is an ABN holder having a postal mailing address in Australia who is registered with Qantas as a member of the Qantas Business Rewards Program; and
- pays all fees (if any) due in any membership year; and
- has been advised by the Program Partner that the person may earn Qantas Points in accordance with these Terms and Conditions.
Octet Facility means a facility provided by the Program Partner to a Member under which the Program Partner makes an advance to the Member which is disbursed to a seller of goods or services to the Member to pay the price due to that seller.
Program Partner means Octet Finance Pty Ltd (ACN 124 477 916);
Qantas means Qantas Airways Limited (ABN 16 009 661 901) and its related bodies corporate.
Octet Trade Finance Rewards Scheme means, for the purposes of these Terms and Conditions, the Octet Finance Loyalty Program which is operated by the Program Partner.
Terms and Conditions means these Reward Scheme Terms and Conditions which are administered by the Program Partner.
2.2 In these Terms and Conditions, unless the contrary intention appears:
(a) the singular includes the plural and vice versa; and
(b) a reference to ‘include’ or ‘including’ means ‘including but not limited to.
3. Application of Reward Scheme Terms and Conditions
By claiming any Qantas Business Rewards Benefit under the Reward Scheme, a Member agrees to be bound by these Terms and Conditions in addition to the Qantas Business Rewards Program Terms and Conditions.
A member must select if they want to enter into the Rewards Scheme at the time of entering into the facility agreement.Membership of the Reward Scheme is not a default benefit of having an Octet Facility.
4. Changes to Reward Scheme
4.1 Subject to clause 4.2 and the Reward Scheme Terms and Conditions, the Program Partner may implement any changes (whether material or otherwise) to these Terms and Conditions and the Qantas Points offered in relation to Eligible Products, including changes to:
(a) the ways in which Qantas Points are earned under the Reward Scheme;
(b) Eligible Products; and
(c) restrictions, conditions and eligibility to earn Qantas Points under the Reward Scheme.
4.2 The Program Partner will inform Members of material changes to these Terms and Conditions and where such changes will reduce the number of Qantas Points offered to Members under the Reward Scheme, when possible, give Members at least 30 days’ notice.
4.3 Without limiting clause 4.1 in any way, Members will be taken to have received the notice referred to in clause 4.2 if the Program Partner or Qantas Business Rewards Program notifies Members of the change by sending an email to the email address in the Membership Account.
5. Termination or suspension of the Reward Scheme
5.1 The Program Partner gives no undertaking as to the continuing availability of the Reward Scheme. The Program Partner may terminate or suspend the Reward Scheme at any time and will give at least 60 days’ notice to Members of such termination or suspension (the Notice Period), except if the Qantas Business Rewards Program ceases to operate, in which case the Reward Scheme will cease immediately.
5.2 If the Program Partner terminates or suspends the Reward Scheme, subject to the Qantas Business Rewards Program Terms and Conditions Members will be able to redeem or transfer Qantas Points during the Notice Period, except where:
(a) Qantas is ceasing to operate an airline business and/or has gone into liquidation, receivership or other form of administration; and/or
(b) the Program Partner ceases to operate its business and/or has one into liquidation, receivership or other form of administration,
in which case Qantas Points in Qantas Business Rewards may be cancelled without notice.
6. Earning Qantas Business Rewards Benefits
6.1 A member must select if they want to enter into the Rewards Scheme at the time of entering into the Facility Agreement. Membership of the Reward Scheme is not a default benefit of having an Octet facility.
6.2 Subject to the the terms of the Eligible Product and to the exclusions, limitations and other conditions specified in this clause 6, the Program Partner will award Qantas Business Rewards Benefits to Members at the applicable rate specified in the Program Partner Earn Table, or in any special offer, for Eligible Products paid for by the Member for the Member’s business related purposes, or the Membership Account has been suspended or terminated.
6.3 No Qantas Business Rewards Benefits will be awarded if the Eligible Product is cancelled, refunded or terminated or if the Member breaches any of its obligations in relation to the Eligible Product.
6.4 To earn Qantas Business Rewards Benefits in relation to an Eligible Product, the Member must quote its ABN and at the time of purchasing an Eligible Product and must comply with any other requirements or procedures advised by the Program Partner prior to the purchase.
6.5 It is the responsibility of the Member to check whether a product or other activity is eligible to earn Qantas Business Rewards Benefits, and if so how many Qantas Points or which other Qantas Business Rewards Benefits will be earned, before making a purchase or undertaking the relevant activity.
6.6 Members must provide the Program Partner on request with documented verification of the purchase of an Eligible Product. The Program Partner reserves the right to deny or revoke the crediting of Qantas Points in Qantas Business Rewards at any time if the Program Partner determines that Qantas Points were improperly obtained or erroneously credited to a Member’s Membership Account.
6.7 Unless otherwise determined by the Program Partner, Members are not eligible to earn Qantas Points in the Reward Scheme if they have their principle place of business outside Australia or if an Event of Default (as defined in the document which sets out the terms of the Eligible Product) has occurred.
6.8 The Program Partner may offer additional opportunities to earn Qantas Points in Qantas Business Rewards under a special promotion from time to time, in which case the terms and conditions referred to in the promotion will apply.
7. Crediting Qantas Points in Qantas Business Rewards
7.1 The Program Partner will endeavour to instruct Qantas Business Rewards to credit the applicable number of Qantas Points to the Membership Account within 30 days after the purchase of an Eligible Product. It is the responsibility of the Member to check that the correct number of Qantas Points has accumulated in the Membership Account.
7.2 Claims for the crediting of Qantas Points in Qantas Business Rewards retrospectively must be made by the Member to the Program Partner within 90 days after the purchase of an Eligible Product. Unless otherwise specified by Qantas Business Rewards, claims for the crediting of Qantas Points cannot be made if the Membership is not current or if the Membership Account was not active at the time the Eligible Product was purchased.
8. Suspension or termination of a Member or Qantas Points in Qantas Business Rewards
8.1 The Program Partner reserves the right to terminate a Member’s participation in the Reward Scheme or withhold or cancel Qantas Points claimed under the Reward Scheme if a Member or any of the Member’s representatives has attempted to claim Qantas Points under the Reward Scheme to which they were not entitled.
8.2 The Program Partner and Qantas Business Rewards will not be liable for any loss or damage whatsoever suffered by any person as a result of such withholding or cancellation and the Member is responsible for ensuring that its nominated Qantas Points Recipients are notified of this.
9. Personal Information
9.1 The Program Partner will ensure that any personal information it receives in connection with the Rewards Scheme will be collected, used and disclosed in accordance with the Program Partner’s privacy policy which is available at octet.com. In particular, the Program Partner may disclose personal information (such as names, ages, addresses, telephone numbers, email addresses, account members and transactions under Eligible Products) to Qantas to assist in the administration of the Qantas Business Rewards program.
9.2 The Program Partner’s privacy contact officer can be contacted for further details regarding the personal information the Program Partner may hold and advice about how personal information held by the Program Partner can be corrected. The privacy contact officer can be contacted by:
Telephone: +61 2 9356 6300
e-mail: privacy@octetfinance.com
Mail: Privacy Contact Officer, Level 3, 10-14 Waterloo Street, Surry Hills NSW 2010
10. Taxation Implications
10.1 The Program Partner recommends that Members and their nominated Qantas Points Recipients consult their accountant or tax adviser to ensure that they understand possible tax (including fringe benefits tax) implications, if any, related to their earning and use of Qantas Points under the Reward Scheme.
10.2 Members are responsible for and must pay or reimburse the Program Partner upon demand, or provide to the Program Partner evidence of exemption form, all taxes, charges, fees and other government imposts of whatever kind (including any fine or penalty imposed in connection therewith) levied, assessed, charged or collected in connection with any Qantas Business Rewards Benefits or the supply of any goods or services by the Program Partner or a member of the Qantas Group.
10.3 Each Member acknowledges and agrees that the Member will be liable and responsible for any taxes relating to the Member’s or the Benefit Earners participation in the Qantas Business Rewards Program.
10.4 Each Member acknowledges and agrees that the Program Partner and Qantas will not be responsible and shall not have any liability for any tax or fringe benefits tax or other tax arising from a Member’s or the Benefit Earners participation in the Qantas Business Rewards program or receipt of Qantas Business Rewards Benefits.
| Program Partner | Octet Finance Pty Ltd (ACN 124 477 916) |
| Eligible Product/s | Octet Trade Finance facility |
| Qantas Business Rewards Benefit Earn Rate | Members can earn the following on an eligible Octet Trade Finance Facility:
• Earn Rate 1: 1 Qantas Point for each $10 repaid by the Member in the first year of the contract
• Earn Rate 2: 1 Qantas Point for each $3 repaid by the Member from the second year of their contract |
| When will an Earn Rate apply? | Members may earn Qantas Points when they use an eligible Octet Trade Finance Facility. There are two earn rates that apply to Trade Finance.
The applicable earn rate is determined by reference to Assessment Periods. The first Assessment Period commences on the day the Member is first entitled to earn Qantas Points for using an Octet Trade Finance Facility and ends twelve months later. The second and each subsequent Assessment Period commences when the previous Assessment Period ends and continues for twelve months.
Earn Rate 1 applies when:
o the amount the Program Partner advances to the Member under the Octet Trade Finance Facility and which the Member repays on or before the due date (that is the Member pays at least the minimum amount specified on the monthly statement on or before the due date specified on the statement) without using a credit card, charge card or debit card during any Assessment Period, plus
Earn Rate 2 applies at any time during an Assessment Period after that threshold has been achieved. Earn Rate 2 shall continue to apply for the balance of the relevant Assessment Period.
A Member will not earn Qantas Points if it is in default. The Program Partner may decide that Qantas Points will cease to accrue when the Member uses an OctetPay Facility due to changes in the Program Partner’s arrangement with Visa or MasterCard. |
