LOYALTY PARTNER AND AMBASSADOR AFFILIATE PROGRAM TERMS AND CONDITIONS AGREEMENT
PLEASE READ CAREFULLY
1. Definitions
1.1 In these terms and conditions: -
- “Ambassador”:
- Qualify by participating in the launch FAST START 90 DAY ACTION PLAN
- Meet targets in the first 90 days and monthly targets thereafter to be eligible for a 10% Commission on referred sales, or the equivalent minimum of 6 sales in 3 months (2 sales per month) and 24 sales per year.
- To maintain Ambassador status after the first 90 days, the Ambassador must maintain 2 enrolments per month. If not status reverts to 'Loyalty Partner' (5% commission per enrolment per month).
- Ambassador status and the higher rate of commission can be restored when enrolments increase to meet the required targets of 2 sales in any given month.
- Receive a personalised landing page with a unique URL including their photo, video and bio overview introducing them and the opportunity.
- "Loyalty Partner":
- 5% Commission on referred sales.
- There is no prerequisite number of referrals to be eligible for this commission tier.
- Once they achieve the requirements for Ambassador they can qualify for the higher tier of commission.
2. Commission Structure:
In exchange for Affiliate’s display of the Promotional Materials, and for Affiliate’s compliance with and performance of the terms and conditions of this Agreement, Company shall pay to Affiliate a commission.
a. Commissions are elligible to be paid on a closed sale where member signs and submits the terms and conditions of purchase of product document to IDTA.
b. Commissions are calculated on GST and admin fee exclusive prices
c. GST is excluded unless affiliates are registered for GST and must provide a tax invoice before being paid.
d.10% total commission for Ambassdors and 5% of Loyalty Patners total commission available on Essentials. Second tier programs (such as Platinum, TBS and the Shift) are not available at this stage.
e. For Programs paid in full, commission will be paid after 14 days from end month the payment was cleared. For payment plan purchases (13 Month) 10% of each installment commission will be paid after 14 days from end of the month each instalment is received. For example any payments made in March, commissions will be paid in April.
Figures Based on 2 sales per month:
Program |
10% Month 1 |
10% Month 2 |
10% Month 3 |
Potential Earnings after 12 Months |
Essentials |
$999.00 |
$999.00 |
$999.00 |
$11988 |
Essentials-(Payment Plan)* |
$76.84 |
$76.84 |
$76.84 |
$5993.52 |
* Commission on Payment Plan instalments do not include the charged Administration Fees and GST.
* For Payment Plans commissions are paid monthly based on your status/rate of commission at the month the sale was made. For example, the above table outlines commissions payable on 2 Essentials sales made in any given month, on payment plan of 13 payments - $4,995 x 2 = $9,990 / 10% = $990 / 13 payments = $76.84
f. This percentage is subject to change by the Company at any time. Notification to Affiliate of any change in commission percentage will be given by Company at the email address on hand for the Affiliate.
g. Company shall keep accurate and up-to-date records of the data used to determine the total amount of Commissions owed to Affiliate. Affiliate shall be given reasonable access to these records upon request. Any discrepancy between the amount of Commissions owed according to these records, and the actual amount of Commissions paid to Affiliate in any period or periods shall be rectified by Company within 14 days of discovering such discrepancy.
Cancellations & Clawback Policy:
a. If the member cancels within the first month and requests a full refund, no commission is entitled.
b. If the member cancels their payment plan, commission is paid based on the number installments paid.
IDTA Authorisations and Customer Caution Notices
Authorisations
The International Day Trading Academy (ACN 165 005 550) is a Corporate Authorized Representative (CAR Number 001250922) of Beyond Capital Asset Management P/L (ACN 610 259 179) (AFSL 484045) for FUTURES Trading Education. For further information please refer to the Beyond Capital Asset Management Financial Services Guide: https://www.beyondcapital.com.au/wp-content/uploads/2016/10/BCAM-FSG-2016.pdf
General Information Warning
All information of any form presented by IDTA Partners and Affiliates is General Information Only. Any advice given or implied is General Advice Only. Neither your personal objectives or financial situation or needs have been taken into consideration. Accordingly, you should consider how appropriate the advice (if any) is to those objectives, financial situations or needs, before acting on the advice.
These terms and conditions are not intended to replace, and are to be read in conjunction with, the current IDTA/BCAM Financial Services Guide and IDTA Authorizations and Customer Caution Notices. For a full list refer to the IDTA website: www.idta.com.au