What are Bonus Bonds?
What is a Bonus Bond?
A Bonus Bond is a unit in the scheme.
Each eligible Bonus Bond you hold gives you one entry into the monthly prize draw. In order for your Bonus Bond to be eligible, you must hold it for at least one calendar month. For example, if you buy a Bonus Bond in March, that Bonus Bond won't be in the monthly prize draw in April, but it will be in any monthly prize draws from the first day of May onwards.
What is the scheme?
The scheme is a managed investment scheme. Your money is pooled with other bondholders' money and invested in fixed interest assets and cash and cash equivalents.
Instead of earning interest or receiving returns, each eligible Bonus Bond you hold gives you one entry into the monthly prize draws.
Date the offer opens and closes?
The scheme is first offered under the product disclosure statement on 28 November 2016.
The scheme is scheduled to be wound up on 16 September 2070; however, we have closed the scheme to new investment from 7pm on 25 August 2020 and indicated that we intend to initiate a wind up on or before 31 October 2020.
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