Promotion: Terms and Conditions

  1. These terms and conditions apply to the Promotion (“Promotion”) offered by Pakenham East Holding Pty Ltd (CAN 667 139 004) and/or associated entitles who own the Kala Estate (“SIG Group”).
  2. The Promotion applies to all lots at Kala (“Lots”), for which a Qualifying Contract is entered into.
  3. The Promotion commences at 9.00am on 28 February 2025 and ends at 5.00pm on 11 April 2025 (“Promotion Period”). The Promotion may be extended at SIG Group’s absolute discretion.
  4. The Promotion is only available for Lots which are entered into during the Promotion Period (“Qualifying Contract”). If all Lots have been sold or allocated before the Promotion Period expires, the Promotion may cease at SIG Group’s absolute discretion.
  5. If a purchaser enters into a Qualifying Contract, the purchaser will be:
    – required to only pay a deposit of $10,000 (“Reduced Deposit”); and
    – entitled to an incentive amount of up to $20,000 at settlement (“Incentive”); and
    – required to enter into an incentive deed (“Incentive Deed”) with SIG Group.
  6. The Reduced Deposit must be paid by way of cash (not bank guarantee or deposit bond), in accordance with the terms of the Qualifying Contract. The Reduced Deposit is not a rebate or price reduction.
  7. SIG Group will grant the purchaser an Incentive unless:
    – the purchaser does not settle its purchase of the Qualifying Contract or it settles after the Due Date; or
    – the purchaser fails to pay the deposit under the Qualifying Contract in accordance with the terms of the contract; or
    – the purchaser is in default, at any time, under the Qualifying Contract; or
    – the purchaser does not enter into an Incentive Deed with SIG Group;
    in which case, the Incentive Deed will automatically terminate and the purchaser will not be entitled to the Incentive.
  1. At SIG Group’s election, the Incentive will be:
    – paid to the purchaser within 30 Business Days after the date of actual settlement under the Qualifying Contract; or
    – adjusted in the purchaser’s favour at settlement and included in the statement of adjustments prepared in connection with the Qualifying Contract.
  2. The purchaser:
    – must disclose the Incentive to the State Revenue Office (if required); and
    – is liable for any stamp duty payable in respect of the Incentive; and
    – indemnifies SIG Group against any loss, cost, claim or demand suffered or incurred by SIG Group in respect of the Incentive or the purchaser failing to comply with the Incentive Deed.
  3. Only one Incentive may apply, per Lot. The Incentive does not apply per purchaser if there are multiple purchasers.
  4. If a purchaser (or, if there are multiple purchasers, any one of them) purchases more than one Lot for which the Incentive applies (whether or not it has been paid or applied with respect to that other Lot), then the purchaser shall only be entitled to the Incentive for one Lot (which will be determined by SIG Group).
  5. The Rebate is personal to the purchaser and is not transferrable to a nominee or later purchaser of the Lot.
  6. The sale of a Lot will be subject to the conditions of the Qualifying Contract. To the extent of any inconsistency between these terms and conditions and the Qualifying Contract, terms of the Qualifying Contract prevails.
  7. The Promotion is not available in conjunction with any other promotion or offer by SIG Group (other than to the extent that a promotion, incentive or benefit is referred to in the Qualifying Contract of Sale).
  8. To the full extent permissible by law, SIG Group (including its related entities, employees, contractors, agents and servants) is not liable to any purchaser for any direct, indirect, consequential, exemplary, incidental, special or punitive damages arising out of or in connection with the purchaser’s participation in this Promotion.