Gisborne East Coast Financial Assistant Fund Selection Criteria and Terms and Conditions

1. Introduction

1.1 These terms and conditions (Terms) apply to all individuals (Applicants, you) making applications in respect of the Gisborne Region Financial Assistance Fund program detailed in clause 2 (Funding Program) offered by Chartered Accountants Australia and New Zealand
(ABN 50 084 642 571) (Chartered Accountants ANZ, us or we).

2. The Funding Program

2.1 Subject to these Terms, Chartered Accountants ANZ will make available a maximum of $4,000 through the Funding Program across all successful Applicant/s. Successful Applicants (Funding Recipient) is required to use these funds towards the Funding Recipient’s accounting studies (Approved Purpose). The exact amount that a successful Applicant will receive will be determined by Chartered Accountants ANZ at its sole and absolute discretion and be based on Chartered Accountants ANZ’s assessment of the suitability of the Applicant for the Funding Program.

2.2 The Funding Program may, in Chartered Accountants ANZ’s sole and absolute discretion, be awarded to (including the amount of such award)
the best-qualified Applicant/s based on the criteria set out in these Terms and the Application Form.

2.3 The Funding Program is deemed to be effective from the date they are awarded by Chartered Accountants ANZ.

3. Eligibility and selection criteria

3.1 You must not apply for the Funding Program unless you meet the eligibility criteria set out in these Terms.

3.2 To be eligible for the Funding Program, Applicants must:

3.2.1 demonstrate your affiliation with or strong connection to the Gisborne/East Coast region;

3.2.2 be studying or have a demonstratable intention to study towards a qualification which fulfils the academic requirements to be a member of Chartered Accountants ANZ in one of the following designations:

(a) Accounting Technician; or

(b) Chartered Accountant;

3.2.4 not have received assistance from the Gisborne/East Coast Financial Assistance Fund previously.

4 Application Procedure

4.1 Only Applicants who meet the eligibility criteria set out in these Terms and who submit a complete Application will be considered for the Funding Program.

4.2 Each Applicant must:

4.2.1 complete the application form (Application Form) in full, providing all required documentation including:

(a) a colour scanned copy of your latest year of academic history / transcript showing subjects passed and grades awarded, and the years in which you passed with copies of relevant certificates;

(b) a brief (one page maximum) statement setting out your personal circumstances, including what the Fund Program would enable you to do;

(c) a brief (one page maximum) statement setting out your planned professional career and your future aspirations; and

(d) a copy of your driver’s licence, passport or birth certificate

You must provide evidence that you are either residing or strongly attached to the Gisborne region by:

  • showing a proof of address. This may be the address section of a recent bank statement or a letter from an official body; or
  • you are strongly connected to this area (e.g. you were born there and/or, you spent a considerable amount of years in the area). Please include these details in your cover letter.

(f) any other information reasonably requested by Chartered Accountants ANZ in order to assess the suitability of the Applicant for the Funding Program,

4.2.3 sign all required declarations and acknowledgments on the Application Form;

4.2.4 be able to demonstrate that you intend to pursue accounting as a career;

4.2.5 be available to attend an interview (either in person at Chartered Accountants ANZ offices in New Zealand or via video conference or over the phone) to discuss your Application at a mutually agreeable time.

4.3 Application must be emailed to [email protected] with the subject line “Application for Gisborne Scholarship 2022 [applicants name]”.

4.4 Applications open Monday 12 September 2022 and must be received by Sunday 16 October 2022 11.59pm NZDT. Applications received after this date will not be eligible to be considered for the Funding Program.

5. Assessment of Applications

5.1 Without limiting the composition of the Funding Program selection panel (the Funding Program Committee), the Funding Program Committee shall include members of Chartered Accountants ANZ and one or more representatives from the Eastland Group, Coates Associates Ltd and Graham & Dobson Ltd.

5.2 Chartered Accountants ANZ and the Funding Program Committee will evaluate each Application based on:

5.2.1 the quality of the information provided by the Applicant in the Application;

5.2.2 endorsements provided by the Applicant’s referees, including via reference checks; and

5.2.3 the Applicant’s extra-curricular activities, community involvement and career ambitions.

5.3 Decisions made by Chartered Accountants ANZ and/or the Funding Program Committee will be final and no correspondence or discussion will be entered into.

5.4 By submitting an Application, the Applicant acknowledges that Chartered Accountants ANZ and the Funding Program Committee will be collecting personal information about them as set out in the Privacy Collection Statement contained in the Application Form and will rely on such information for the purposes of determining the outcome of the Application.

5.5 By signing the declaration on the Application Form the Applicant confirms that the information provided by the Applicant is true and correct in every respect.

5.6 A false or misleading declaration made by an Applicant will render an Application invalid and Chartered Accountants ANZ reserves all rights to take any further action, including disciplinary action, available to it.

5.7 The Applicant acknowledges that Chartered Accountants ANZ is not obligated to award the funds for the Funding Program and that the funds are awarded at Chartered Accountants ANZ’s sole and absolute discretion.

5.7 The Applicant authorises Chartered Accountants ANZ and/or the Funding Program Committee to lawfully obtain at any time from any person or entity, any information about the Applicant that Chartered Accountants ANZ and/or the Funding Program Committee considers reasonably necessary for the purposes of assessing and processing the Application and the Applicant authorises such person or entity to release such information.

5.8 Unsuccessful Applicants may re-apply in subsequent years for the Funding Program.

5.9 The Funding Program may be held concurrently with other awards or scholarships obtained by the Applicant. However, Applicants must include in their Application details of any other funding of any nature applied for or already awarded to the Applicant. If funds have already been received, Applicants should include details of how those funds were applied.

6. Funding Recipient Terms and Conditions

6.1 Funding Recipients must sign the Acknowledgement and Declaration in the Application Form confirming that he/she agrees to the Terms under which the Funding Program has been awarded and must provide a copy to Chartered Accountants ANZ before any funds will be paid.

6.2 Once awarded, the funds will be paid by Chartered Accountants ANZ into the Funding Recipient’s nominated bank account.

6.3 The Funding Recipient must:

6.3.1 acknowledge to Chartered Accountants ANZ in writing receipt of all funds.

6.3.2 only use the funds for the Approved Purpose, and must not use the funds for any other reason;

6.3.3 not use the funds for payment of other professional member- ship fees or any other purpose not expressly authorised by Chartered Accountants ANZ in writing;

6.3.4 provide evidence to Chartered Accountants ANZ that the funds have only been used for the Approved Purpose; and

6.3.5 provide any other information or reports reasonably requested by Chartered Accountants ANZ in respect of the use of the funds or the Funding Recipient’s progress in respect of the Approved Purpose.

6.4 The Funding Recipient agrees to be an ambassador for the Funding Program for the period the Funding Program until 12 months after completion of the Funding Program including to:

6.4.1 co-operate with Chartered Accountants ANZ in respect of publicity for the Funding
Program including to be photographed and videoed;

6.4.2 attend events, including award ceremonies, media commitments or similar in connection with the Funding Program as reasonably required by Chartered Accountants ANZ (taking into account your availability); and

6.4.3 provide short, accurate and not misleading testimonials about your experience of the Funding Program; and (Funding Program Services).

6.5 In consideration of being awarded the Funds, the Funding Recipient acknowledges and agrees that:6.5.1 any materials created as part of providing the Funding Program Services (Materials) are owned by Chartered Accountants ANZ and vest in Chartered Accountants ANZ on creation; and

6.5.2 as the owner of such Materials, Chartered Accountants ANZ may use the Materials in its own discretion, in any format, without any further permission or consent from you.

6.6 The Funding Recipients agree to provide Chartered Accountants ANZ with a progress report in the format and at the times required by Chartered Accountants ANZ. Failure to do so may result in the scholarship funding being withdrawn or needing to be refunded, in whole or in part.

6.7 In the event that Chartered Accountants ANZ or the Funding Program Committee becomes aware that any information provided to it by the Funding Recipient is false, erroneous or misleading, then, without limitation but subject to applicable laws, Chartered Accountants ANZ may:

6.7.1 terminate the Funding Program for that particular Funding Recipient, in the event of which, Chartered Accountants ANZ will not be obliged to make any further payments to the Funding Recipient; and/or

6.7.2 require the Funding Recipient to refund all or part of the funds paid to, or on behalf of, the Funding Recipient.

6.8 All Applicants, including the Funding Recipients, acknowledge and agree that nothing in this Funding Program, including being selected as a Funding Recipient, provides any indication or guarantee that any subsequent applications by that Funding Recipient for membership with Chartered Accountants ANZ (whether provisional or otherwise) will be approved.