This is a contract between you (the “Referrer”) and us (“Wealth Magnet Pty Ltd t/a Australian Investment Education (WM)”). It describes how we will work together and other aspects of our business relationship. It is a legal document so some of the language is necessarily “legalese” but we have tried to make it as readable as possible.
The Marketing Referral Program Agreement applies to your participation in our Referral Program (the “Referral Program”). These terms are so important that we cannot have you participate in our Referral Program unless you agree to them.
We periodically update these terms. We might also choose to replace these terms in their entirety if, for example, the Referral Program changes, ends, or becomes part of an existing program, including other referral programs. If we update or replace the terms we will let you know via electronic means. If you don’t agree to the update or replacement, you can choose to terminate as we describe below.
“WM” means us, Wealth Magnet Pty Ltd, t/a Australian Investment Education.
“Referral Program” means our marketing referral program as described in this Agreement.
“Referral Lead” means a customer prospect who clicks on the Referral Link that we have made available to you via the Referral Portal.
“Referral Link” means the unique tracking link you may use to promote through other channels.
“Referral Policies” means the policies applicable to Referrals which we may make available to you from time to time.
“Referral Tool” means the tool that we make available to you upon your acceptance into the Referral Program and for you to use in order to participate in the Referral Program.
"Agreement" means this Referral Program Agreement and all materials referred or linked to in here.
“Commission” means an amount equal to 5% of the gross sales revenue from your introduced customer’s purchase with us.
“Customer” means the authorised actual user of the WM Products who has purchased a WM product after being an Referral Lead.
“Customer Transactions” means those transactions by Referral Leads that are eligible for Commission pursuant to the ‘Customer Transactions’ section of this Agreement.
"Customer Data" means all information that Customer submits or collects via the WM and all materials that Customer provides or posts, uploads, inputs or submits for public display through the WM Products.
"WM Content" means all information, data, text, messages, software, sound, music, video, photographs, graphics, images, and tags that we incorporate into our services.
“WM Products” means any of our Education Products and Services, as well as Other Products.
“Other Products” means those products and services that we offer, which are not included for the purposes of this Agreement. Other Products include all of our marketing software, additional support or other professional services, or fees for third-party products or services.
"We", "us", “our”, and “WM” means Wealth Magnet Pty Ltd.
“You” and “Referral” means the party, other than WM, entering into this Agreement and participating in the Referral Program.
This Agreement does not create an exclusive agreement between you and us.
Once you complete an application to become an Referral, we will review your application and notify you whether you have been accepted to participate in the Referral Program, or not. Before we accept an application, we may want to review your application with you, so we may reach out to you for more information. We may require that you complete certain requirements before we accept your application. If we do not notify you that you are accepted to participate in the Referral Program within thirty (30) days from your application, your application is considered to be rejected.
If you are accepted to participate in the Referral Program, then upon notification of acceptance, the terms and conditions of this Agreement shall apply in full force and effect, until terminated, pursuant to the terms set forth below.
You will comply with the terms and conditions of this Agreement at all times, including any applicable Program Policies.
a. Should your customer, as introduced by you, elect to purchase any WM Products, you will be paid a commission on the completed sale.
b. If the payments for the WM Product are made via a payment plan option, your commission payments will be paid pro-rata.
c. In the event of a bona fide refund request which is subsequently granted, WM will seek a refund on commissions paid to you.
a. Commissions will be paid to you, the Referral, at a rate of 5% of the monies received by WM from the Customer.
b. Commission Payment. WM will pay the Commission amount due to you on or around the 15th of the month, following a 30 day window after the sale. For example a sale made on the 26th February would be eligible for payment on 15th April.
c. Taxes. You are responsible for payment of all taxes applicable to the Commission. All amounts payable by us to you are subject to offset by us against any amounts owed by you to us.
d. Nomination of commission payments.
You, the referral, can nominate how you would like your commission payments paid. There are currently three options for this:
1) To your own bank account
2) Your commission amount offset against the purchase price for your customer
3) To any one of the charities on the Wealth Magnet Panel.
a. Referral Training and Support. We may make available to you, various webinars and other resources as part of our Referral Program.
b. Provision of Advice. At no time must you, the Referral, provide any kind of investment education, investment advice or product advice. Under the regulations in Australia, this may only be provided by individuals or companies that carry the appropriate financial services licensing. Under this agreement, WM simply requires you to provide the contact information and we handle the rest.
During the term of this Agreement, in the event that we make our trademark available to you within the Referral Tool, you may use our trademark as long as you follow the usage requirements in this section. You must: (i) only use the images of our trademark that we make available to you, without altering them in any way; (ii) only use our trademarks in connection with the Referral Program and this Agreement; and (iii) immediately comply if we request that you discontinue use. You must not: (i) use our trademark in a misleading or disparaging way; (ii) use our trademark in a way that implies we endorse, sponsor or approve of your services or products; or (iii) use our trademark in violation of applicable law or in connection with an obscene, indecent, or unlawful topic or material.
a. WM’s Proprietary Rights. The WM Products belong to and are the property of us. We retain all ownership rights in the WM Products. You agree not to copy, rent, lease, sell, distribute, or create derivative works based on the WM Content, or the WM Products in whole or in part, by any means, except as expressly authorized in writing by us. WM, AIE and other marks that we use from time to time are our trademarks and you may not use them without our prior written permission, except as otherwise set forth in this Agreement.
As used herein, “Confidential Information” means all confidential information disclosed by a party ("Disclosing Party") to the other party (“Receiving Party”), (i) whether orally or in writing, that is designated as confidential, and (ii) WM customer and prospect information, whether or not otherwise designated as confidential. Confidential Information does not include any information that (i) is or becomes generally known to the public without breach of any obligation owed to the Disclosing Party or (ii) was known to the Receiving Party prior to its disclosure by the Disclosing Party without breach of any obligation owed to the Disclosing Party. The Receiving Party shall: (i) protect the confidentiality of the Confidential Information of the Disclosing Party using the same degree of care that it uses with its own confidential information, but in no event less than reasonable care, (ii) not use any Confidential Information of the Disclosing Party for any purpose outside the scope of this Agreement, (iii) not disclose Confidential Information of the Disclosing Party to any third party, and (iv) limit access to Confidential Information of the Disclosing Party to its employees, contractors and agents. The Receiving Party may disclose Confidential Information of the Disclosing Party if required to do so under any federal, state, or local law, statute, rule or regulation, subpoena or legal process.
Before entering any introduction to the Referral portal, you will have obtained prior permission from that person to share their contact details with WM.
a. Term. This Agreement will apply for as long as you participate in the Referral Program, until terminated.
b. Termination Without Cause. Both you and we may terminate this Agreement on fifteen (15) days written notice to the other party.
c. Termination for Agreement Changes. If we update or replace the terms of this Agreement, you may terminate this Agreement on five (5) days written notice to us, provided that you send us written notice within ten (10) days after we send you notice of the change.
d. Termination for Cause. We may terminate this Agreement with immediate effect if there is a material breach of the terms set forth in this agreement. For example, if we determine that you are acting, or have acted, in a way that has or may negatively reflect on or affect us, our prospects, or our customers.
e. Effects of Expiration/Termination. Expiration of this Agreement, and termination of this Agreement: (i) without cause by us,(ii) by you with cause, (iii) by you according to the ‘Termination for Agreement Changes’ section, shall not affect our obligation to pay you a Commission, so long as the related payment by the Customer Transaction is recognized by us within thirty (30) days after the date of such termination or expiration. Except as expressly set forth in this section, you are not eligible to receive a Commission payment after expiration or termination of this Agreement. Upon termination or expiration, you will discontinue all use of and delete the Referral Tool that we make available to you for your participation in the Referral Program. Upon termination or expiration, an Referral Lead is not considered valid, and we may choose to maintain it in our database and engage with such a prospect.
Upon termination or expiration, you will immediately discontinue all use of our trademark and references to this Referral Program from your website(s) and other collateral. For the avoidance of doubt, termination or expiration of this Agreement shall not cause a Customer’s subscription agreement to be terminated.
You represent and warrant that: (i) you have all sufficient rights and permissions to participate in the Referral Program and to provision WM with Referral Lead’s for our use in sales and marketing efforts or as otherwise set forth in this Agreement.
You further represent and warrant that: (i) you will ensure that you are compliant with any trade or regulatory requirements that may apply to your participation in the Referral Program (in particular, noting 6.b of this agreement. (ii) you will accurately provide in the Referral Portal all contact details you have sought permission to provide
You will indemnify, defend and hold us harmless, at your expense, against any third-party claim, suit, action, or proceeding (each, an "Action") brought against us (and our officers, directors, employees, agents, service providers, licensors, and referrals) by a third party not affiliated with us to the extent that such Action is based upon or arises out of (a) your participation in the Referral Program, (b) our use of the prospect data you provided us, (c) your noncompliance with or breach of this Agreement, or (d) your use of the Referral Tool. We will: notify you in writing within thirty (30) days of our becoming aware of any such claim; give you sole control of the defense or settlement of such a claim; and provide you (at your expense) with any and all information and assistance reasonably requested by you to handle the defense or settlement of the claim. You shall not accept any settlement that (i) imposes an obligation on us; (ii) requires us to make an admission; or (iii) imposes liability not covered by these indemnifications or places restrictions on us without our prior written consent.
a. Disclaimer of Warranties. WE AND OUR AFFILIATED COMPANIES AND AGENTS MAKE NO REPRESENTATIONS OR WARRANTIES ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, SECURITY OR ACCURACY OF THE WM PRODUCTS, WM CONTENT, THE REFERRAL PROGRAM OR THE REFERRAL TOOL FOR ANY PURPOSE. TO THE EXTENT PERMITTED BY LAW, THE WM PRODUCTS AND REFERRAL TOOLS ARE PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. WE DISCLAIM ALL WARRANTIES AND CONDITIONS OF ANY KIND WITH REGARD TO THE WM PRODUCTS AND THE REFERRAL TOOL INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
b. No Indirect Damages. TO THE EXTENT PERMITTED BY LAW, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, PUNITIVE, OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS OR BUSINESS OPPORTUNITIES.
c. Limitation of Liability. IF, NOTWITHSTANDING THE OTHER TERMS OF THIS AGREEMENT, WE ARE DETERMINED TO HAVE ANY LIABILITY TO YOU OR ANY THIRD PARTY, THE PARTIES AGREE THAT OUR AGGREGATE LIABILITY WILL BE LIMITED TO THE TOTAL COMMISSION AMOUNTS YOU HAVE ACTUALLY EARNED FOR THE RELATED CUSTOMER TRANSACTIONS IN THE TWELVE MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO A CLAIM.
a. Amendment; No Waiver. We may update and change any part or all of this Agreement, including by replacing it in its entirety. If we update or change this Agreement, the updated Agreement will be made available to you via the Referral Tool and we will let you know by email. The updated Agreement will become effective and binding on the next business day after we have notified you. When we change this Agreement, the "Last Modified" date above will be updated to reflect the date of the most recent version. We encourage you to review this Agreement periodically. If you don’t agree to the update, change or replacement, you can choose to terminate as we describe above. No delay in exercising any right or remedy or failure to object will be a waiver of such right or remedy or any other right or remedy. A waiver on one occasion will not be a waiver of any right or remedy on any future occasion.
b. Applicable Law. This Agreement shall be governed by the laws of the State of Queensland, without regard to the conflict of laws provisions thereof. In the event either of us initiates an action in connection with this Agreement or any other dispute between the parties, the exclusive venue and jurisdiction of such action shall be in the state and federal courts in Brisbane, Queensland.
c. Force Majeure. Neither party will be responsible for failure or delay of performance if caused by: an act of war, hostility, or sabotage; act of God; electrical, internet, or telecommunication outage that is not caused by the obligated party; government restrictions; or other event outside the reasonable control of the obligated party. Each party will use reasonable efforts to mitigate the effect of a force majeure event.
d. Actions Permitted. Except for actions for non-payment or breach of a party’s proprietary rights, no action, regardless of form, arising out of or relating to this Agreement may be brought by either party more than one (1) year after the cause of action has accrued.
e. Relationship of the Parties. Both you and we agree that no joint venture, partnership, employment, or agency relationship exists between you and us as a result of this Agreement.
f. Severability. If any part of this Agreement is determined to be invalid or unenforceable by applicable law, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of this Agreement will continue in effect.
g. Notices. Notice will be sent to the contact address set forth herein (as such may be changed by notice given to the other party), and will be deemed delivered as of the date of actual receipt.
To Wealth Magnet Pty Ltd, PO Box 8799, Gold Coast MC, QLD 9726 Attention: Operations Manager
To you: your address as provided in our referral account information for you.
We may give electronic notices specific to you by email to your e-mail address(es) on record in our account information for you. We may give notice to you by telephone calls to the telephone numbers on record in our account information for you.
h. Entire Agreement. This Agreement is the entire agreement between us for the Referral Program and supersedes all other proposals and agreements, whether electronic, oral or written, between us. We object to and reject any additional or different terms proposed by you, including those contained in your purchase order, acceptance or website. Our obligations are not contingent on the delivery of any future functionality or features of the WM Products or dependent on any oral or written public comments made by us regarding future functionality or features of the WM Products. It is the express wish of both you and us that this Agreement and all related documents be drawn up in English. We might make versions of this Agreement available in languages other than English. If we do, the English version of this Agreement will govern our relationship and the translated version is provided for convenience only and will not be interpreted to modify the English version of this Agreement.
i. Assignment. You will not assign or transfer this Agreement, including any assignment or transfer by reason of merger, reorganization, sale of all or substantially all of its assets, change of control or operation of law, without our prior written consent. We may assign this Agreement to any referral or in the event of merger, reorganization, sale of all or substantially all of our assets, change of control or operation of law.
j. No Third Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person or entity (other than the parties hereto) any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
k. Program Policies. We may change the Program Policies from time to time. Your participation in the Referral Program is subject to the Program Policies, which are incorporated herein by reference.
l. No Licenses. We grant to you only the rights and licenses expressly stated in this Agreement, and you receive no other rights or licenses with respect to us, the WMProducts, our trademarks, or any other property or right of ours.
m. Sales by WM. This Agreement shall in no way limit our right to sell the WM Products, directly or indirectly, to any current or prospective customers.
n. Authority. Each party represents and warrants to the other that it has full power and authority to enter into this Agreement and that it is binding upon such party and enforceable in accordance with its terms.
o. Survival. The following sections shall survive the expiration or termination of this Agreement: ‘Commission and Payment’, ‘Proprietary Rights’, ‘Confidentiality’, ‘Effects of Termination/Expiration’, ‘Indemnification’, ‘Disclaimers; Limitation of Liability and ‘General’.
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CUSTOMER NOTICE
Wealth Magnet Pty Ltd (ABN 52 618 868 830) trading as Australian Investment Education is a Corporate Authorised Representative (CAR no. 1255231) of Grange Financial Services Pty Ltd (AFSL No. 488609).
The information provided by Wealth Magnet Pty Ltd t/a Australian Investment Education to you does not constitute personal financial product advice. The information provided is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. Wealth Magnet recommends that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Past performance of any product discussed is not indicative of future performance. (We urge that caution should be exercised in assessing past performance. All financial products are subject to market forces and unpredictable events that may adversely affect their future performance). We may at times refer to third parties. Details of these third parties have been provided solely for you to obtain further information about other relevant products and entities in the market. Wealth Magnet has no control over the information third parties have, or the products or services offered, and therefore make no representations regarding the accuracy or suitability of such information, products or services. You are advised to make your own enquiries in relation to third parties. Our inclusion of any third party content is not an endorsement of that content or the third party.
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