Terms and Conditions for Investors

RECITAL

  • The GI Challenge (herein referred to as “GI Challenge”) is an event operated by the charitable organisation known as Generation Innovation Ltd and is designed to combat youth unemployment by supporting young entrepreneurs. Participants who are accepted into the GI Challenge are herein referred to as “Entrepreneurs” and the businesses concepts the Entrepreneurs seek to establish through the GI Challenge are herein referred to as “Ventures”.
  • The GI Challenge is funded by donations directed to the Ventures developed throughout the GI Challenge.
  • Any person or entity (herein referred to as “Investor”), that makes a donation to Generation Innovation (herein referred to as “the Donation”) for the purpose of supporting the ventures arising in the GI Challenge, agrees to be bound by the terms and conditions contained herein. 

OPERATIVE

Unless indicated otherwise, defined terms used in this Operative have the meaning set out in the Recital.  

1.  Donations

  • 1.1  Donations can be made by Investors either online through Generation Innovation’s website or in person at official GI Challenge events by way of EFTPOS. Donations are to be made in Australian Dollars only.
  • 1.2  If requested, Generation Innovation will provide the Investor with a formal receipt for the Donation. 
  • 1.3  Unless otherwise stated, Donations are not tax-deductible.
  • 1.4  Generation Innovation will direct the Donations to approved Entrepreneurs to apply toward establishing their Ventures at Generation Innovation’s absolute discretion but within its stated charitable objectives.
  • 1.5  Donations do not entitle the Investor to a share in the ownership of the Ventures, dividends of the Ventures, profits of the Ventures or any other such claim against the Entrepreneurs.
  • 1.6  Generation Innovation does not guarantee that it will be possible for Investors to donate funds to any particular Venture and may exercise its absolute discretion in allocating donated funds without giving any reasons to the Investor.
  • 1.7  All monies raised by Generation Innovation through GI Challenge Donations, remain the absolute property of Generation Innovation and not refundable to the Investor for any reason whatsoever.  Whilst Generation Innovation intends to direct any funds raised which are surplus to the requirements for distribution to Ventures arising in the GI Challenge toward Ventures arising in future years, it is not bound to do this and can exercise its discretion in determining how these monies are to be utilised. 

2. Refund and Cancellation

  • 2.1  Once a donation is completed, the transaction is deemed final, indisputable and non-refundable in any event. 

3. No Liability for Losses

  • 3.1  Generation Innovation will not be responsible for any business loss (including loss of profits, revenue, contracts, anticipated savings, data, goodwill or expenditure) suffered by the Investor or any other indirect or consequential loss suffered by the Investor relating to the Donation and/or the Venture.

4. Miscellaneous

  • 4.1  Generation Innovation reserves the right to make changes to its website, policies and these terms and conditions at any time. The Investor will be subject to the terms and conditions in force at the time that the Investor makes the Donation. 
  • 4.2  If any of these conditions is deemed invalid, void, or for any reason unenforceable, that condition will be deemed severable and will not affect the validity and enforceability of any remaining condition.
  • 4.3  These Terms and Conditions are governed by Queensland law and are subject to the exclusive jurisdiction of the Queensland courts. 

5.  Privacy Policy

6.  Security Policy

  • 6.1  Generation Innovation uses the eWAY Payment Gateway for its online credit card transactions.   eWAY processes online credit card transactions for thousands of Australian merchants, providing a safe and secure means of collecting payments via the Internet.  All online credit card transactions performed on this site using the eWAY gateway are secured payments.  It is acknowledged that:
  • (i)  Payments are fully automated with an immediate response.
  • (ii)  Your complete credit card number cannot be viewed by Generation Innovation or any outside party.
  • (iii)  All transactions are performed under 128 Bit SSL Certificate.
  • (iv)  All transaction data is encrypted for storage within eWAY’s bank-grade data centre, further protecting your credit card data.
  • (v)  eWAY is an authorised third party processor for all the major Australian banks.
  • (vi)  eWAY at no time touches your funds; all monies are directly transferred from your credit card to the merchant account held by Generation Innovation.