PictureWealth Referral Promotion: Terms and Conditions

Overview

Welcome to the PictureWealth Referral Promotion (the “Promotion”), offered by Picture Wealth Advisory Pty Ltd, ABN 22 626 204 395, AFSL 530789 (“PictureWealth”, “we”, “our” or “us”).

The terms and conditions set out below (the “Terms”) govern the Promotion. These Terms apply in addition to any other terms and conditions that apply to you when you engage with PictureWealth, including our Client Service Agreement, Financial Services Guide, Website Terms and Privacy Policy. Where there is any inconsistency between these Terms and those other documents in relation to the Promotion, these Terms prevail to the extent of the inconsistency, except that nothing in these Terms affects your rights under a Client Service Agreement or under any disclosure document we give you.

By participating in the Promotion, you agree to be bound by these Terms.

Promotion Period

The Promotion runs from September 2, 2026, to November 1, 2026, at 11:59 AWST (the “Promotion Period”), unless ended earlier or extended by us in accordance with these Terms. To be eligible for a Reward, the relevant steps described below must be completed during the Promotion Period.

What is the Promotion about?

The Promotion is an opportunity for an Eligible Referrer to earn a reward, and for the person they refer (the Referred Person) to also receive a reward, where the Referred Person becomes a client of PictureWealth by signing a Client Service Agreement and the other conditions in these Terms are met.

Referrer Reward: A$100 paid to the Eligible Referrer.
Referred Reward: A$100 paid to the Eligible Referred Person.

Each Reward is a Prezzee Smart eGift Card to the value of A$100 (together, the “Rewards” and each a “Reward”). Prezzee Smart eGift Cards are issued by Prezzee and can be swapped for eGift cards from 400+ participating brands in the Prezzee store. The Rewards are subject to Prezzee's own terms, including its Terms of Sale (https://www.prezzee.com.au/policies/terms-of-sale/) and Terms of Service. You should be aware that: the eGift Card is delivered digitally, by email or SMS; it has a 3-year expiry from the date of issue; available brands and denominations are determined by Prezzee and may change, including based on the remaining card balance; and redemption, balance checks and disputes about the eGift Card are handled by Prezzee under its terms.

Where you validly earn a Reward, we will provide you with a reward to the value of A$100. If the voucher we intend to provide cannot be issued to you, or cannot be redeemed by you because of an issue with the voucher provider, we will provide you with a replacement reward of equal value (A$100) by another reasonable method. To claim a replacement you must tell us within 12 months after the Reward was issued and before the eGift Card has expired. This does not apply if you have lost the eGift Card, allowed it to expire without redeeming it, or already redeemed it.

Who can be a Referrer?

To participate as a referrer, you must be an “Eligible Referrer”, meaning a person who, during the Promotion Period:

is aged 18 years or over and resides in Australia;
refers a Referred Person using the method described in “How do I make a referral?” below; and
provides the identity or other information we reasonably require to confirm eligibility, to undertake any screening we consider appropriate, and to deliver the Reward.

You do not need to be an existing client of PictureWealth to be an Eligible Referrer. A person who is not a client may still refer someone and earn the Referrer Reward, provided all conditions in these Terms are met.

You must not refer yourself. You cannot be both the Referrer and the Referred Person for the same referral, and no Reward is payable on a self-referral.

Telling the person you refer. When you refer someone, they must be told that you will receive a Reward from us if they sign a Client Service Agreement. Our referral process is designed to do this for you, and the referral page will disclose the Reward to the person you refer. You must not give financial product advice, negotiate or arrange any financial service or product on our behalf, or hold yourself out as our representative.

Referring is not a benefit of becoming a client. Being able to refer others and earn a Referrer Reward is open to any Eligible Referrer, whether or not they are a client. It is not a benefit of entering into a Client Service Agreement with us, and we do not offer it as a reason to become a client.

Who can be referred (Referred Person)?

An “Eligible Referred Person” is a person who, during the Promotion Period:

is aged 18 years or over and resides in Australia;
was referred through a valid referral made by an Eligible Referrer (see below);
is a new client - meaning that, before being referred under the Promotion, they have neither been a client of PictureWealth nor entered into a Client Service Agreement with PictureWealth;
satisfies our client onboarding and identity verification requirements; and
signs a Client Service Agreement with PictureWealth (see “Qualifying event” below).

A person cannot be referred if they are already a client, are recorded in our systems at the time of the referral as a prospective client, having enquired about or been contacted about our services in the previous six months, or have previously held a Client Service Agreement with us. Self-referral is not permitted — you cannot refer yourself, and the Referrer and the Referred Person must be different people. A referral in which the Referrer and the Referred Person are the same person, or in which a person is in substance referring themselves, is not eligible, and no Reward is payable in respect of it.

How do I make a referral?

To make a referral, enter the details of your referral on www.picturewealth.com/refer-a-friend

For a referral to be valid:

it must be made and captured through the official referral mechanism above during the Promotion Period; and
the Referred Person must be identified as having been referred by you before or at the time they first engage with us / sign their Client Service Agreement (referrals cannot be added retrospectively after a person has already become a client).

You may refer people you personally know and who you reasonably believe would be genuinely interested in PictureWealth's services. You must not send unsolicited or bulk communications (spam), make misleading claims about PictureWealth or the Promotion, or promote your referral link through paid advertising or in any way that breaches applicable law or third-party platform rules.

Qualifying event — when is the Reward earned?

The Rewards become payable only when all of the following have occurred:

1. the Referred Person is an Eligible Referred Person (including being a new, non-existing client);

2. the Referred Person signs a Client Service Agreement (“CSA”) with PictureWealth during the Promotion Period or within 30 days of the Promotion Period ending;

3. both the Referrer and the Referred Person have passed our KYC / identity verification checks (as applicable);

4. the Referrer and the Referred Person are different people (the referral is not a self-referral); and

5. neither the Referrer nor the Referred Person is in breach of these Terms.

If any of these conditions is not met, no Reward is payable to either the Referrer or the Referred Person in respect of that referral.

How and when are Rewards paid?

Where a referral qualifies, we will issue:

the A$100 Referrer Reward to the Eligible Referrer; and
the A$100 Referred Reward to the Eligible Referred Person,

within 10 business days of the qualifying event, by sending the Prezzee Smart eGift Card to the email address or mobile number we hold for each person.

To receive a Reward you must provide any information we reasonably require (for example, confirmation of identity and a valid email address or mobile number to which the eGift Card can be delivered). We may withhold a Reward until KYC and any anti-fraud checks are complete. If a Reward is unclaimed, returned, or the contact details we hold are invalid, we will make reasonable efforts to contact you; unclaimed Rewards may be forfeited after 90 days. Once a Prezzee Smart eGift Card has been issued to you, its 3-year expiry and Prezzee's terms apply, and it is your responsibility to redeem it before it expires.

Clawback and cancellation of Rewards

If, at any time (during or after the Promotion Period), we reasonably determine that a Client Service Agreement was cancelled, rescinded, or did not proceed within any applicable cooling-off period, or that a referral did not meet these Terms, or that a Reward was issued in error or as a result of fraud or abuse, we may cancel the corresponding Reward and, where already issued, you must repay to us on demand an amount equal to its value, to the extent permitted by law. You acknowledge that once a Prezzee Smart eGift Card has been issued we may not be able to deactivate or reverse it, and that recovery may be by way of a claim for the A$100 value rather than cancellation of the card itself. We will not seek to recover a Reward where the Client Service Agreement ends because of our conduct or at our initiative. Before recovering a Reward we will tell you in writing why, and give you a reasonable opportunity to respond. We may set off any amount recoverable under this clause against any other Reward payable to you.

Number of referrals / cap

The maximum number of Rewards an Eligible Referrer can earn under this Promotion is one hundred (100), and the Promotion is capped at A$800,000 in total Rewards across all participants. If the total cap is reached, the Promotion will close early in accordance with “Changes, suspension and termination” below, and any Reward already validly earned will still be honoured. Each qualifying referral uses A$200 of the total cap, being the Referrer Reward and the Referred Reward. Rewards are allocated in the order in which qualifying events occur. When the total cap is reached we will publish notice that the Promotion has closed and disable the referral mechanism at the same time.

Tax

Any tax consequences arising from receiving a Reward will depend on your individual circumstances. You are responsible for determining whether any tax is payable in relation to a Reward. PictureWealth does not provide tax advice in connection with the Promotion. You should obtain independent tax advice if you are unsure.

Privacy

We collect and handle personal information about Referrers and Referred Persons to administer the Promotion, verify identity, pay Rewards, and detect fraud. We handle personal information in accordance with the Privacy Act 1988 (Cth) and our Privacy Policy. If you refer another person, you confirm that you have their consent to provide their contact details to us (where applicable) and to be contacted about PictureWealth.

Where we collect a Referred Person's personal information, we will provide them with a privacy collection notice explaining how their information will be used and disclosed. Where we receive a Referred Person's contact details from a Referrer, we will handle that information in accordance with Australian Privacy Principles 4 and 5, will only make telephone contact in accordance with the Do Not Call Register requirements and applicable calling standards, and will not add the Referred Person to our general marketing communications without a lawful basis or their consent. When we pay a Referrer Reward, the Referrer will necessarily learn that the person they referred has become a client. We tell each Referred Person, when we collect their information, that it will be used to administer the Promotion, including to notify the Referrer whether the referral has qualified for a Reward.

Nature of the Promotion — no personal advice

The Promotion is a marketing initiative only. Participating in the Promotion, and any Reward, does not constitute personal financial advice and does not take into account any person's objectives, financial situation or needs. Before deciding whether PictureWealth's services are appropriate, a Referred Person should consider our Financial Services Guide and any other relevant disclosure documents. A Referred Person is under no obligation to sign a Client Service Agreement, and should only do so if PictureWealth's services are right for them. If we give you personal advice, our Statement of Advice will tell you about any Reward we pay to the person who referred you.

Fraud and abuse

If we have reasonable grounds to believe that you or a person you refer has engaged in fraud, or material abuse or manipulation of the Promotion (for example, creating fake or duplicate identities, circular or self-referrals, or attempting to obtain an unfair advantage through deception), we may in our sole discretion take any action we consider appropriate, including disqualifying you from the Promotion, withholding or cancelling Rewards, and recovering the value of Rewards already issued.

Changes, suspension and termination

We may change, modify, supplement, suspend or terminate the Promotion or these Terms at any time. Where a change is materially detrimental to you as a participant, we will take reasonable steps to notify you (for example, directly or by notice on our website) before the change takes effect, except where the change is required by law or necessary to prevent fraud or abuse. Any Reward you have already validly earned before a suspension or termination will still be honoured, subject to these Terms.

General

These Terms are governed by the laws of the State of Western Australia, and the parties submit to the non-exclusive jurisdiction of the courts of that State.
Nothing in these Terms excludes, restricts or modifies any rights or remedies you may have under the Australian Consumer Law or other laws that cannot lawfully be excluded.
If any part of these Terms is found to be invalid or unenforceable, the remaining provisions continue to apply.
The Promotion is void where prohibited by law.