Important changes to Bonus Bonds

Removal of the emergency cash-in service

On 28 November, we're removing our emergency cash-in service.

From this date, requests to cash-in Bonus Bonds will be subject to our standard cash-in service. This means you'll normally receive payment within two business days if your cash-in request is made through MyBonusBonds, or five business days if you give us a completed cash-in request form.

The new law for investment products

The Financial Markets Conduct Act 2013 (“FMC Act”) has been introduced to govern how investment products, including the Bonus Bonds Scheme (“Bonus Bonds” or the “scheme”), are created, promoted, and sold in New Zealand. The FMC Act aims to promote trust and confidence in the financial services industry, and to ensure investors and their advisers have the information they need to make confident and informed investment decisions.

The FMC Act also requires us to produce a variety of new documents. These are designed to provide greater transparency and protection for investors – benefits we wholeheartedly support.

This webpage explains what some of these documents are and where you can find them.

You don't need to do anything

The FMC Act introduces new requirements for Bonus Bonds but does not otherwise affect your investment, the prize pool, your chances of winning, or our overall service to you. Other than read this information, you don't need to do anything.

Our scheme transition date

We are required to comply with the FMC Act by 1 December 2016. Bonus Bonds' transition date will be 28 November 2016. From this date the requirements of the FMC Act will apply to Bonus Bonds.

Who is involved?

As well as a licensed manager (also known as the issuer), Bonus Bonds will have a supervisor (who will also be the custodian). The supervisor will independently supervise how ANZ Investment Services (New Zealand) Limited manages Bonus Bonds, for the benefit of you and other investors. The supervisor holds the scheme's assets 'in trust' for you, entirely separate from ANZ Investment Services (New Zealand) Limited's assets.

The names and postal addresses of these parties are:

Issuer and manager Supervisor and custodian
ANZ Investment Services (New Zealand) Limited
PO Box 7149, Wellesley Street
Auckland 1141
Trustees Executors Limited
Level 5, 10 Customhouse Quay
Wellington, 6011

Where you can find more information

Under the FMC Act, we must prepare a product disclosure statement (PDS). The PDS contains important information about investing in Bonus Bonds, and is designed to help investors easily compare different managed investment schemes.

The most recent PDS, along with the governing document and statement of investment policy and objectives for Bonus Bonds, may help you make decisions about whether or not to invest in Bonus Bonds.

These documents are available to you, free of charge on 'Disclose'. Disclose is an online register (website) containing the latest information for managed investment schemes. You can access information about Bonus Bonds by going to companiesoffice.govt.nz/disclose and searching the offer register for the Bonus Bonds Scheme.

A copy of the most recent PDS is also available here and from any ANZ branch.

You have the right to ask us to send you a copy of the governing document, free of charge. Please contact us if you would like a copy, or for any other information.

0800 266 374 or +64 3 474 1299

info@comms.bonusbonds.co.nz

We will prepare an annual report on the scheme's affairs each year within 4 months of the scheme's balance date (currently 31 March). It will then be available from bonusbonds.co.nz within 28 days (by 28 April). You also have the right to ask us to send you a copy, free of charge.