Corporate Profile
We see what you see.
Welcome
Welcome to MARAC, which has been helping New Zealanders and New Zealand businesses with finance, saving and
investment solutions for more than 55 years.
We’d like you to get to know us just as we’d like to get to know you and your vision for the future.
What you’ll see is that we really are a different kind of finance company.
MARAC – what’s the difference?
At MARAC we know that to achieve your financial goals, you need a partner to share your vision.
We take the time to understand how you see things and what you want for the future. Then we work with you to help make
it happen.
Service is central to the way we do business. We offer genuine personal service and tailored packages – whether for
investments or lending.
We believe that the best people in finance work for MARAC. They have knowledge, experience and a passion for what
they do.
We work with flexible guidelines rather than rigid rules, with the aim of finding the best tailored solutions for our
customers.
We were proud to be the first non-bank owned finance company in New Zealand to receive a BBB- (Stable)* credit rating
from Standard & Poor’s. This much coveted rating is recognised as investment grade by the international investment
community and is an international mark of our quality in all aspects of our business.
Our team culture is based on a strong set of values, including integrity, trust, professionalism, communication, responsibility
and a total commitment to quality.
MARAC is a long-standing New Zealand company, serving New Zealanders and their businesses. All our decisions are made
here and are based on the New Zealand environment. That’s why we can confidently say at MARAC “we see what you see”.
“We see what you see.”
*Standard & Poor’s ratings are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities. Ratings may be changed, withdrawn or suspended
at any time. For the latest ratings information please visit www.standardandpoors.com.
1
The difference is our history
At MARAC we know that history is important when it comes to trust. That’s why we’re proud of our long association with
New Zealand and its people.
MARAC is one of New Zealand’s largest finance companies, which gives us the advantage of economies of scale and
diversity that smaller, newer finance companies may not have.
MARAC is wholly New Zealand-owned and operated. It is a financial services subsidiary of Pyne Gould Corporation Limited,
which listed on the New Zealand Exchange Limited's NZSX in 2004.
Pyne Gould Corporation’s history stretches back to 1851, when the founders of its long established stock and station
subsidiary, Pyne Gould Guinness Limited, started business in Christchurch.
MARAC’s own story began in 1952 with the establishment of Allied Finance. The timeline below shows how various companies
have come together to make up what is now MARAC.
We have combined all the strengths and history of our amalgamating companies to become the successful finance group*
we are today. Our record of steady growth means you can be sure about our financial foundations (see graphs below).
“History is important when it comes to trust.”
TIMELINE
Finance &
Discounts
Limited
1936
1959
2000
Commenced Trading
Acquired by
Pyne Gould Guinness
Amalgamation
Allied Finance Limited
1953
1992
2000
2001
2003
Commenced
Trading
Acquired by
Pyne Gould
Corporation
Finance &
Discounts
Amalgamated
Frontline
Finance
Amalgamated
MARAC
Amalgamated
1997
2000
2001
Commenced
Trading
Acquired by Pyne
Gould Corporation
Amalgamation
(now known as MARAC Finance Limited)
FRONTLINE Finance Limited
1984
2000
2003
Commenced
Trading
Acquired by Pyne
Gould Corporation
Amalgamation
MARAC Finance Limited
(under its former name)
* The finance group is made up of MARAC Finance Limited, MARAC Securities Limited and MARAC Investments Limited.
NET PROFIT AFTER TAX 2004–2008
30
550
450
20
350
15
250
150
10
50
0
5
2
(in millions)
650
25
0
LENDING GROWTH 2004–2008
(in millions)
2004
2005
2006
2007
2008
Motor
June 04
Leasing Commercial Property
June 05
June 06
June 07
Marine &
Leisure
June 08
The difference is our service
At MARAC we know that our customers deserve the best service. That’s why all our staff are trained to focus on personal
service and tailored solutions.
To give you great service our people need to be knowledgeable, experienced and easily contactable. And that’s what you’ll
find at MARAC – because with us, personal service comes first.
We work with guidelines, not rigid rules, so we’re often able to find solutions that most other finance companies and banks
can’t offer. Flexibility is central in our approach to meeting customers’ needs. We’ll take the time to find out what you need
and work with you to find a tailored solution. We understand that when you want finance, you want answers and commitment
quickly. So that’s what we deliver.
In this age of technology, we keep up with the latest innovations to ensure we are constantly improving our service. But
we don’t let technology take over. We know that our customers want to talk to a person, not to a machine. That’s why our
freephone number has no automated menus – you’ll always talk to a trained receptionist who will transfer you to the right
person for your enquiry.
“Personal service comes first.”
SERVICE
3
The difference is our people
At MARAC we know that our customers want to deal with
people who understand their needs and who can help
them find the right finance solution. That’s why we aim to
employ only the best people to work at MARAC.
As a totally New Zealand-focused company, with more
than 160 qualified and experienced staff in ten offices
nationwide, it’s easy for us to see what you see.
At the Helm
MARAC’s five-strong executive management team share
an enormous amount of knowledge and experience in the
finance industry. Together they have positioned MARAC as
a leader in the finance sector and will continue to take us
from strength to strength.
We’d like you to get to know our management team – so
you know you’re in good hands.
Jeff Greenslade
Chief Executive Officer
Jeff in his role as Chief Executive Officer
is responsible for the strategy and
operational delivery of all aspects of
MARAC’s business.
Jeff brings to this position 20 years
experience as a senior executive in the ANZ National
Banking Group, where he last held the position of
Managing Director of Corporate and Commercial Banking
for ANZ National Bank. From 2003 until May 2008 he spent
time on the board of UDC Finance. Jeff has also held a
number of senior positions in the Institutional and Capital
Markets areas of the National Bank of New Zealand and its
subsidiary Southpac.
“At MARAC, people and values are considered the key
ingredients for providing customers with a pathway to grow,
and to meet our customers’ strategic objectives. Thanks to
our high-calibre experienced team, MARAC consistently
performs. We have a proud history and are more focused
than ever on meeting the needs of the future.”
4
David Battersby
Chief Operating Officer
David has worked for MARAC for more
than 13 years. In his role as Chief
Operating Officer David is responsible
for MARAC’s lending, credit, marketing
and support divisions.
David has a great deal of experience having worked in the
finance industry for more than 25 years. His career has
spanned two trading banks as well as a number of senior
management positions at AGC Finance before joining
MARAC.
“MARAC is a company with strong values and a sound
reputation. Our commitment to quality in all aspects of our
business is reflected in our level of staff experience, which
benefits our customers.”
Alan Williams
Chief Financial Officer
Alan has led MARAC’s Finance, Treasury
and Information Technology teams
since 2001, and was appointed Chief
Financial Officer for MARAC and Pyne
Gould Corporation in early 2006,
taking responsibility for the finance of both companies.
His crucial role with MARAC includes responsibility for
managing business and interest rate risks, ensuring that
MARAC complies with all laws and regulations, as well as
establishing the Company’s treasury policy and governance
processes.
Alan developed his talents in over 25 years of finance at a
senior level with several of New Zealand’s largest corporates
before bringing his expertise to MARAC.
“MARAC is a business we as employees all believe in. We
strive for quality, for growth, for recognition but never at
the expense of our corporate values we are committed to.”
Chris Flood
General Manager Consumer
Chris knows MARAC well after working
for the Company for the last 10 years.
Chris was appointed General Manager
of the Consumer Lending division
in 2002.
Chris has worked in a number of areas of finance including
commercial and property finance, but is a specialist in
consumer finance, more specifically motor vehicle finance.
He has worked in the motor industry and with motor
vehicle dealers for more than 20 years, bringing a wealth
of experience to his current role.
“MARAC’s focus is on building long-term relationships with
our clients, understanding their businesses, their industry
and how we can help them succeed. Being part of a team
that is passionate about the motor industry and the value
we can add to it is both dynamic and exciting.”
Grant Atkinson
General Manager Credit and
Operations
Grant joined MARAC in 1996 and has
been responsible for all aspects of
credit for MARAC since 2002. With over
25 years’ involvement in the finance
industry, largely in credit roles, Grant brings a great deal
of experience to MARAC’s approval, review, collection and
recovery operations.
Under his stewardship, the role of MARAC credit has developed
a collaborative approach with each of the business divisions,
a structure that has delivered a prudent approach to credit
exposures throughout the Company. As a result, MARAC has
industry benchmark low levels of arrears and bad debt expense.
“MARAC promotes quality and consistency in all that we
do – our people, our assets, our profitability, our customers
and our service to them. In guiding the credit function of
the organisation, we play an important role in all of these
areas, in making sound lending decisions and managing
the credit risks that are an integral part of our business.”
“Your finance company is in good hands.”
5
The difference is our Standard & Poor’s credit rating
At MARAC, we’re proud to be one of the few finance companies in New Zealand to have a BBB- (Stable)* credit rating from
Standard & Poor’s. MARAC was the first non-bank owned finance company in New Zealand to receive this much coveted
rating, which is recognised by the international investment community as investment grade.
Our rating is an internationally acknowledged mark of MARAC’s credit quality, and supports MARAC’s position as one of the
leading finance companies in New Zealand.
Standard & Poor’s follow a stringent process to assess a bank or finance company’s credit rating. They carry out a detailed
financial analysis covering such things as asset quality, funding and liquidity, profitability and capitalisation. They also
consider ownership structure, management experience, governance, risk management and position in the industry. This
rigorous examination results in an overall rating ranging from AAA (extremely strong) through to CC (highly vulnerable).
Only companies who achieve a rating of BBB- or above are regarded by the international investment community as
investment grade and companies assigned BB+ or below are considered speculative.
*Standard & Poor’s ratings are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities. Ratings may be changed, withdrawn or
suspended at any time. For the latest ratings information please visit www.standardandpoors.com.
6
EQUIPMENT
7
The difference is our loan options
At MARAC we know that it’s not really finance you’re after, but what that finance can get you. That’s why our loan packages
are as flexible as possible.
Our aim is not just to lend* you the funds you need, but also to develop a long-term partnership with you as a customer.
All our loan staff have hands-on experience in the fields they manage. That means you can be sure we understand what you
need and will help you find the best way to get it.
MARAC’s lending business is focused on five main areas:
• Commercial – lending to businesses for the purchase of assets, such as plant and equipment, either direct to the
customer or through an equipment supplier; and providing invoice financing to help businesses free up their cashflow
•Motor vehicle – offering finance, leasing and insurance packages for the funding of new and used vehicles, either through
a dealer or direct to the customer
• Marine and leisure – lending on the purchase of assets such as a yacht or motor home, either through a dealer or direct
to the customer
• Property – funding investment in commercial property and financing property development
•MARAC Securities – acting as a broker for development or investment property finance.
You’ll find more information on each of these areas on the next six pages, as well as details of our comprehensive warranty
and lifestyle protection insurance policies (page 13).
We also offer an extensive range of investment options to suit businesses and individuals – these are explained on pages 15
and 16.
*Any such lending is subject to our approval following consultation with you about your financial position, business or investments.
Commercial lending
MARAC is a prominent lender in many industries, including contracting (roading, site preparation), agriculture, transport,
engineering, manufacturing, printing, aviation and tourism. We work with all business sizes and types for a wide range of
asset purchases, including imported assets.
We’ll work with you directly, or through an equipment supplier, to offer a tailored financial solution to help you develop
your business.
Direct finance
We know your time is valuable, so our experienced financial services managers will meet you on-site instead of asking you
to come to us – regardless of the size of your operation. This helps us really get to know your business before we start to talk
finance. Our aim is to be a long-term partner in your success and growth.
We have financial services managers in each of our ten offices, with sound local knowledge and years of experience in
dealing with many different business types in your region. You can be confident they’ll understand what you need.
MARAC offers flexible finance solutions that take into account such things as seasonal income fluctuations.
Here are the most common finance options we can offer direct to our commercial customers:
• commercial loan agreement – a straightforward way to fund the purchase of new plant or equipment, on terms tailored
to suit you. This product also gives you the ability to raise additional funds against your existing business assets.
• max (revolving credit) products – three convenient ongoing flexible loan facilities that have a single pre-approved limit.
This limit allows you to deposit and redraw the principal sum based on your business’ needs and to reduce interest costs.
Monthly statements are provided for easy administration.
-onemax, a single facility with a pre-approved limit ideal for multiple purchases (such as vehicles, plant or equipment).
-creditmax, an interest only facility which uses the assets of your business as security. You can draw down or repay as desired.
-multimax, you have a fixed limit to allow for a number of future purchases, but separate loans for each purchase. This
makes it easy to track the balance outstanding against any one asset.
8
• letter of credit – this enables customers to purchase assets from overseas.
• finance lease – on balance sheet funding for the purchase of additional assets.
• operating lease – off balance sheet funding of assets, which provides certain tax advantages.
• commercial property – funding of up to 80% for owner-occupied premises.
Dealer finance
If you’re an equipment supplier, MARAC can help you provide a complete service package to your customers by offering them
finance. The finance documents can show the MARAC brand or your brand – so you can offer customers your own branded
finance deals.
Your sales representatives can keep control of the whole sales process, as each of them will be supplied with their own
quoting package. They’ll be able to write their own finance agreements, which will lead to closing more non-cash sales. And
we’ll back you up with a fast, efficient decision on the finance.
We aim to provide excellent personal service to our equipment suppliers. One of our financial services managers will take
time to get to know you and your customer profiles, to ensure you have the right products to meet their needs
Here are the finance options we offer through our equipment suppliers:
• commercial loan agreement – to fund the purchase of new and used business assets
• rental agreement – the customer pays a convenient monthly rental for a fixed term, without the need for ownership at
the end
• lease to buy – the customer pays a monthly lease amount and owns the asset at the end of the term.
Once a finance agreement has been completed, MARAC is responsible for receiving payments, managing credit risk and all
contact with the customer about the finance.
Invoice Finance
An invoice finance facility frees up your working capital by giving you immediate access to funds based on your invoiced sales.
The facility increases at the same rate as your sales, allowing for more rapid business growth by easing cashflow constraints. It’s
also completely confidential – your debtors and creditors will never know that MARAC is involved.
Setting up and maintaining an invoice finance facility is simple, fast and efficient. Your invoice records are electronically
transferred to MARAC and we make the funds available – up to 80% of the value of the invoices – within 24 hours.
9
MOTOR
10
Motor vehicle lending
MARAC has been providing finance solutions for the motor vehicle industry for over 55 years. We offer finance through our
extensive nationwide dealer network, as well as to customers who come to us direct.
Our motor division staff are not only experts in MARAC’s financial packages, but also have hands-on experience and a passion
for the motor industry.
We pride ourselves on personal service and the strong relationships we build with MARAC dealers and individual customers.
We offer a comprehensive range of finance, leasing and insurance packages for funding both new and used vehicles.
Finance through our dealer network
We work in partnership with MARAC-authorised dealers – we get to know you and your business so we can best meet your
needs.
For customers
MARAC-authorised dealers can offer their customers a complete finance solution for vehicle purchase, leasing and insurance.
Our finance packages are convenient, efficient and easy for staff and customers to understand, and we back them up with
fast decisions.
Once a finance agreement is completed, MARAC is responsible for receiving payments, managing credit risk and all contact
with the customer about the finance.
For dealers
For dealerships we offer a full range of financial solutions to suit your business needs, including floor plans, vehicle leasing,
property funding and finance on new equipment.
MARAC leasing
The leasing division at MARAC specialises in smaller fleets and personally selected vehicles for individuals – you tell us what
you want, then we’ll look at getting it and leasing it to you. You can source your vehicle through a dealer or contact us direct.
Features of our leases include flexible monthly repayment and term options, competitive lease rates and the choice of either
a maintained or non-maintained lease. But most importantly, with MARAC you’ll receive the highest level of service and a
personalised lease package to meet your individual needs.
Finance direct to customers
You may be looking to purchase a vehicle through a private sale or from a dealer that is not part of our network – or perhaps
you just prefer to organise your own finance. Whatever the situation, we can offer you finance and insurance with flexible,
convenient and affordable terms – the same as you’d get through a dealer. The security required is usually the vehicle you
are purchasing.
11
INSURANCE
12
MARAC Insurance
Completing our already comprehensive finance offer is a wide range of lifestyle protection, auto equity shortfall and warranty
insurances.
Lifestyle protection, auto equity shortfall and warranty insurance can be included in your personalised finance package – so
you only need to complete one set of paperwork.
Our insurance policies are extremely flexible and allow you to choose the level of cover, the period of cover, excess amounts
and premium payment methods.
Lifestyle protection insurance
If you’re unable to work due to illness or an accident, or you’re made redundant, this type of insurance protects your lifestyle
by covering your financial commitments and expenses. You can choose the level of cover you want, and you can even include
other members of your family in the policy. Lifestyle protection insurance is available direct from MARAC or through its
authorised agents.
Premium extended warranty insurance
You don’t always know the mechanical history of the car you’re buying, and unexpected repairs can be very costly. Premium
extended warranty insurance takes the worry out of buying a used vehicle. It covers a wide range of mechanical and electrical
parts, helps cover other costs and includes 24-hour roadside assistance. It’s available direct from MARAC or through its
authorised agents.
AUTO EQUITY SHORTFALL insurance
This insurance product is designed to cover the difference between the finance owing on your car and it’s insured value if it
is stolen or written off. Auto equity shortfall insurance will cover the gap – up to a maximum of $10,000. You can take out
auto equity shortfall insurance direct from MARAC or through its authorised agents.
Marine and Leisure Lending
MARAC’s marine division has staff who are passionate about boating and the lifestyle it brings. They aim to deliver excellent
personal service and build strong relationships both with individual clients and MARAC-authorised dealers.
Whether you want to purchase a boat, trailer or marina berth, repower an existing boat, or even build a new boat, we can
tailor the finance to suit you. Our terms are so flexible we can even offer finance for up to 10 years on larger vessels.
We’re equally able to help if you are interested in purchasing an asset for another pursuit, such as a campervan, glider
or jetski.
Finance direct to customers
If you are purchasing an asset through a private sale or from a dealer that is not part of our network, or if you’d like to
arrange your own finance, we can offer you a great deal.
You’ll be able to get finance and insurance with the same flexible, convenient and affordable terms as you’d receive through
a dealer. The security required is usually the asset you are purchasing.
Finance through our dealer network
We build a partnership with MARAC-authorised dealers. We take time to get to know you and your business so we can provide
the best service possible.
13
For customers
MARAC works with marine and other dealers to help them offer their customers a complete finance solution for purchasing
and insurance. Our finance packages are comprehensive and easy to use, allowing you to offer a seamless service to your
customers. We guarantee fast, flexible decisions on finance – our aim is to arrange the best deal for both you and your
customer.
Once a finance agreement is completed, MARAC is responsible for receiving payments, managing credit risk and all contact
with the customer about the finance.
For dealers
For dealerships we offer a full range of financial solutions, including floor plans, property funding and finance on new
equipment.
Property Lending
MARAC has in-depth knowledge, experience and expertise in funding property development and investment properties. This
is a specialised area of finance, and our property team are fully trained with the experience to provide you with tailored
solutions.
We know that no two projects are the same and we have the advantage of not being restricted by rigid rules. This means that
we are able to consider some transactions that might not fit the policies of other finance companies or the trading banks.
Development finance
We finance a variety of developments, including multi-unit residential apartments, subdivisions, commercial buildings,
retirement villages, industrial properties and student accommodation. Our finance packages are flexible and convenient.
Often the interest can be capitalised within the facility limit.
Property finance
If you are looking for commercial property, either as an investment or for your business to occupy, we have the ideal term
loan finance solution. Often we can consider lending to a higher level than traditional funders, against the security value of
your commercial property.
MARAC Securities
MARAC Securities acts as an intermediary or broker for clients seeking development or property investment finance, with the
aim of achieving the best possible deal for the customer.
MARAC Securities has developed extensive knowledge of the lending market and has a strong working relationship with both
first and second-tier lenders. As one of the leading operators in this market, MARAC Securities has a sound reputation for
arranging fast, innovative and cost-effective finance solutions for a variety of projects.
For development projects, MARAC Securities can arrange funding to cover up to 100% of all costs, including preliminary costs
and interest capitalised during the project. MARAC Securities can also arrange property pre-sale underwrites, as well as seed
finance.
For investment property transactions, MARAC Securities can arrange funding for up to 80% of the valuation. If a property has
been purchased at a discount to valuation, full funding is possible.
14
Investing with MARAC
MARAC Finance Limited has a guarantee under the New Zealand deposit guarantee scheme†.
At MARAC we know that investors want to choose investment products that suit them. That’s why we offer a variety of
products and flexible options.
Our investment terms range from a convenient at call account to a five-year term deposit. There’s a minimum investment
amount of $1,000 and we offer three options for receiving payment of your interest. This flexibility means we can
tailor-make an investment solution for you.
The table below summarises the features of our investment offers. If you’d like to talk about what might work best for you,
please feel free to give our investment team a call on 0800 26 27 22.
Features
Term Deposit
Deferred Interest Capital Drawdown
Term Deposit
Term Deposit
Floating Rate
Term Deposit
At Call
Deposit Account
Business Call
Account
Rapid Saver
Investor Type
Individual / Joint
3
3
3
3
3
7
3
Trust
3
3
3
3
3
3
7
Company / Business
3
3
3
3
3
3
7
First ranking#
3
3
3
3
3
3
3
Fixed returns
3
3
3
7
7
7
3
Floating returns
7
7
7
3
3
3
7
3
3
7
3
Security
Flexibility
Instant access to your investment fund
7
7
7
7
Choice of investment term
3
3
7**
3
7
7
1-60 mths
1-60 mths
Derived
12-60 mths
1-60 mths
RWT – Investor taxation rate
19.5%
3
3*
3
3
3
3
3
33%
3
3
3
3
3
3
3
39%
3
3
3
3
3
3
3
Allowable but not suitable.
** The investment term is derived by dividing the amount invested by the regular repayment amount.
# Subject to permitted prior charges (currently none) and claims given priority by legislation.
† The guarantee scheme applies to all the MARAC investment products in the table above.
*
We offer competitive returns on first ranking# secured debt
investments, backed up by our sound risk management
practices.
Our investment statement explains further about the
security of your investment and gives more information
on how we manage risk. It also contains an investment
application form, and other important information that
we are required by law to provide to investors.
Our investment productS
Here is a brief description of the features of our investment
offers.
MARAC Term Deposit
This is our most popular product. It is a fixed interest rate,
fixed term investment, which will suit you if you are looking
for the certainty of regular returns.
MARAC Deferred Interest Term Deposit
This is also a fixed interest rate, fixed term investment, but
with all returns deferred to maturity (rather than regularly
as with the Term Deposit product above). So if you know
your income (and therefore your tax rate) will drop in the
future, you can arrange to have your investment mature
at that time.
MARAC Capital Drawdown Term Deposit
This is similar to our MARAC Term Deposit product, however
it has a special feature which allows regular repayments
to be made, which are made up of interest earned as
well as part of your investment principal. This product is
ideal for people who need to make regular monthly or
quarterly payments for things such as school fees or rest
home payments. It’s also good for those that are retired
and whose income levels may necessitate some use of
investment principal to cover living expenses.
15
MARAC Floating Rate Term Deposit
Here’s an example of how it works.
This product is available to investors from time to time
when market conditions are suitable. With a MARAC
Floating Rate Term Deposit, your interest rate is linked to
changes in market interest rates throughout the term of
your investment. The floating rates are set each quarter on
predetermined dates, which you can find in the application
form for MARAC Floating Rate Term Deposits.
A 38% (or 33%) taxpayer wants to invest for 12 months at a rate
of return of 6%.
MARAC At Call Deposit Account
This account is a floating interest rate investment. It’s ideal
if you want to save and earn interest but also want your
money to be available when you need it.
MARAC Business Call Account
For businesses that have working capital available to invest
at various stages of their business cycle, this account offers
competitive interest rates while keeping funds available at call.
Non-PIE (tax Non-PIE (tax
deducted at deducted at
38%)
33%)
Before tax
return
6.00%
6.00%
6.00%
After tax
return
4.20%
3.72%
4.02%
The investor will get an after tax return which, in percentage
terms, is 12.90% greater (4.48% greater for a 33% taxpayer)
by investing in a PIE investment rather than a non-PIE
investment.
The products in the MARAC PIE Fund are:
MARAC Rapid Saver
• MARAC Term Deposit PIE
This is a savings account that you set up with an initial
investment and then make regular contributions for the
term of the account (minimum term 12 months). It pays
competitive rates and interest is compounded monthly, so
you can achieve your financial goals rapidly.
This a fixed rate, 12 month term investment that gives
you the option of having your income either direct
credited or compounded quarterly.
Other MARAC Investment Products
MARAC has two tax-efficient investment products which at
present fall outside the New Zealand deposit guarantee
scheme.
16
PIE (tax
deducted at
30%)
• MARAC Call PIE
The MARAC Call PIE is a floating rate investment that gives
you easy access to your capital while earning a competitive
return. Income is earned daily and compounded monthly.
MARAC Retirement Bonds Superannuation Fund
Superannuation Funds can be tax efficient investments.
MARAC PIE Fund
MARAC’s super fund product is:
Portfolio Investment Entities (PIEs) are tax efficient investments.
As a PIE, the MARAC PIE Fund will deduct tax on behalf of its
investors at their Prescribed Investor Rate (PIR). The highest
PIR is 30%. This means that if you currently pay 33% or 38%
tax on your investments, you will pay up to 8% less tax by
investing in a PIE, enhancing your after tax return.
• MARAC Tax-Paid Retirement Bonds
If you want to save for retirement, our superannuation
based, tax-paid bonds offer fixed returns and flexible terms.
There may be tax advantages for some investors, as
explained in our investment statement for Tax-Paid
Retirement Bonds.
Contact details
GENERAL ENQUIRIES
Freephone
0800 520 009
Facsimile
09-520 3709
Email
info@marac.co.nz
Website
www.marac.co.nz
MAIN OFFICES
AUCKLAND (REGISTERED OFFICE)
MARAC House,
35 Teed Street,
Newmarket, Auckland 1023
PO Box 9919,
Newmarket, Auckland 1149
Ph 09-520 0097
Fax 09-520 3709
CHRISTCHURCH
Pyne Gould Corporation Building
233 Cambridge Terrace, Christchurch 8013
PO Box 2693, Christchurch 8140
Ph 03-363 6436
Fax 03-363 6210
REGIONAL OFFICES
NORTHLAND
PO Box 1209,
Whangarei 0140
Ph 09-430 6420
Fax 09-430 6422
HAWKE’S BAY
PO Box 7088,
Taradale, Napier 4141
Ph 06-845 9322
Fax 06-845 9323
HAMILTON
PO Box 455,
Hamilton 3214
Ph 07-855 0590
Fax 07-855 0597
WELLINGTON
PO Box 9941,
Wellington 6141
Ph 04-385 8592
Fax 04-384 7764
BAY OF PLENTY
PO Box 11182,
Palm Beach, Tauranga 3151
Ph 07-575 1940
Fax 07-575 1941
NELSON
PO Box 3330,
Richmond 7050
Ph 03-548 2933
Fax 03-541 0819
PALMERSTON NORTH
PO Box 613,
Palmerston North 4440
Ph 06-354 8020
Fax 06-355 5435
OTAGO/SOUTHLAND
PO Box 217,
Dunedin 9054
Ph 03-470 1459
Fax 03-470 1461
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0800 520 009
marac.co.nz