SUPPLEMENTARY PRODUCT
DISCLOSURE STATEMENT
Prepared 1 January 2016
WORLDMARK SOUTH PACIFIC CLUB ARSN 092 334 015
Issued by Wyndham Vacation Resorts South Pacific Ltd ACN 090 503 923 AFSL - 225200
WORLDMARK SOUTH PACIFIC CLUB BY WYNDHAM - SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT
About this Supplementary Product Disclosure Statement
This is a Supplementary Product Disclosure Statement (SPDS) issued by Wyndham Vacation
Resorts South Pacific Ltd ACN 090 503 923 for the WorldMark South Pacific Club ARSN 092
334 015. This SPDS supplements the Product Disclosure Statement (PDS) prepared 1 March 2014
(“offer”) and must be read in conjunction with the PDS and any other SPDS when an offer is
made within Australia.
Terms used in this SPDS have the same meaning as given to those terms in the PDS.
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© 2016 - Prepared 1 January 2016 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200
Supplementary information
This SPDS amends the PDS as follows:
A.
Corporate Directory
The Corporate Directory table on page 2 of the PDS is to be amended as follows:
Directors of the Responsible Entity
Gary Martin Croker
Matthew James Taplin
Jorge De La Osa
B.
Directors and Management Team
Section 1.2 on page 7 of the PDS is to be amended as Gregory John Bendlin resigned as Director and Jorge De La Osa was appointed
as Director on 31 August 2015.
Jorge de la Osa
Director
Jorge is the Executive Vice President and General Counsel at Wyndham Vacation Ownership,
our parent company based in Orlando, Florida, United States.
Jorge joined Wyndham in 2010 and oversees the parent company’s Legal Services team which
is responsible for all legal functions, including Corporate and Sales Compliance, Title Services
and Product Acquisition and Development. Jorge has more than 18 years of legal experience in
the timeshare industry.
C.
Complaints and Resolution of Disputes
Section 5.5 on page 33 of the PDS is to be amended with the following:
The approved external complaints body has changed its name and contact information as follows:
Credit and Investment Ombudsman (CIO)
PO Box A252
Sydney South NSW 1235
Telephone: 1800 138 422
www.cio.org.au
D.
Purchase Price of Vacation Credits
Section 7.2 on page 37 of the PDS is replaced with the following:
The Purchase Price of Vacation Credits is determined by us and can be changed at any time by issuing a new PDS or by issuing a
supplementary PDS. The Developer, as the person entitled to the proceeds of Vacation Credits under the Constitution, may from time
to time and at its sole discretion request that we offer discounts to the public. Any discounts offered are deducted from the Developer’s
entitlement to the proceeds.
The current initial purchase price of Standard and Premier Owner Vacation Credits is AUD$3.079 per Vacation Credit. Discounts
apply when higher amounts of Premier Owner Vacation Credits are purchased. There are no discounts applicable to the purchase of
Standard Owner Vacation Credits.
The current cost of Premier Owner Vacation Credits is set out in the following table:
NO. OF PREMIER OWNER VACATION CREDITS
PURCHASED
DISCOUNT
PRICE PER PREMIER OWNER VACATION CREDIT
1 to 9,999
Nil
AUD$3.079 per Vacation Credit (e.g. AUD$18,633.00 for
6,000 inclusive of the establishment fee)
10,000 to 17,999
10%
AUD$2.771 per Vacation Credit (e.g. AUD$27,869.00 for
10,000 inclusive of the establishment fee)
18,000 to 31,999
15%
AUD$2.618 per Vacation Credit (e.g. AUD$47,283.00 for
18,000 inclusive of the establishment fee)
32,000 upwards
20%
AUD$2.463 per Vacation Credit (e.g. AUD$78,975.00 for
32,000 inclusive of the establishment fee)
The current minimum amount of Standard Owner Vacation Credits you can acquire is 12,000. This will cost $37,107.00 inclusive of
establishment fee.
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© 2016 - Prepared 1 January 2016 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200
E.
Annual Levies
The annual levies table in section 7.3 on page 38 of the PDS is replaced with the following:
NUMBER OF VACATION
CREDITS OWNED 2015
F.
ANNUAL LEVIES PAYABLE
($AUD)
6,000 - 7,500
$610.98
7,501 – 10,000
$751.93
10,001 – 12,500
$892.89
12,501 – 15,000
$1,033.85
15,001 – 17,500
$1,174.80
17,501 – 20,000
$1,315.76
How Annual Levies are Calculated
The example box on page 39 of the PDS is replaced with the following:
HOW ANNUAL LEVIES ARE CALCULATED
The annual levies are based on the following formula:
$A for the first 6,000 – 7,500 Vacation Credits, plus
(A x 23.07%), for each increment of 2,500 Vacation Credits or portion thereof owned A = $610.98 for the 12 months to 31 December 2016 G.
Housekeeping Fees
The fee table on page 41 of the PDS is replaced with the following:
APARTMENT TYPE
STANDARD*
DELUXE*
GRAND*
PRESIDENTIAL*
Studio or Hotel room
AUD$86
AUD$94
n/a
n/a
1-Bedroom
AUD$99
AUD$105
n/a
n/a
2-Bedroom
AUD$110
AUD$115
AUD$125
AUD$135
3-Bedroom
AUD$120
AUD$125
AUD$135
AUD$176
4-Bedroom
n/a
n/a
AUD$177
AUD$196
*This fee is expressed in AUD$ (inc. GST) and is exclusive of Service Turnover Tax (STT) or any other tax as may be
payable on housekeeping services provided during any stay in Fiji.
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© 2016 - Prepared 1 January 2016 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200
H.
Fijian Service Turnover Tax
Section 7.6 on page 42 of the PDS as amended with the following:
FIJI DOLLARS
TYPE
MON-THUR
FRI-SAT
SUN
WEEKLY TOTAL
One-Bedroom
$10.66
$15.35
$11.94
$85.28
One-Bedroom Deluxe
$12.79
$17.91
$15.35
$102.34
Two-Bedroom
$12.79
$17.91
$15.35
$102.34
Two-Bedroom Deluxe
$16.63
$22.60
$20.47
$132.19
Three-Bedroom
$14.92
$20.89
$17.91
$119.39
Three-Bedroom Deluxe
$18.34
$24.73
$22.17
$144.98
Three-Bedroom Deluxe Ocean View
$20.47
$28.14
$23.88
$162.03
Three-Bedroom Grand
$24.73
$34.11
$29.00
$196.15
Three-Bedroom Grand Garden
$22.60
$30.70
$27.29
$179.09
Three-Bedroom Presidential
$30.70
$41.79
$36.67
$243.05
Four-Bedroom Presidential
$35.39
$49.04
$41.79
$281.43
Environmental Levy
The Fijian Government announced in October 2015 that it will introduce an Environment Levy of 6% on the tourism industry
commencing 1 January 2016, in exchange for a reduction to the Value Added Tax (VAT). Owners will be required to pay this
Environmental Levy, in addition to the Credit Values and STT that will apply for a stay at the resort, and it will be applied to room
accounts for payment on checkout. Further details of this additional fee can be obtained from the Owner Services team at (or prior
to) booking.
I.
Club Resorts
Section 3 on page 16 of the PDS is amended to include additional Club Resorts or Club Apartments as follows:
WYNDHAM VACATION RESORTS ASIA PACIFIC
NSW AT RAMADA RESORT SHOAL BAY
35-45 Shoal Bay Road, Shoal Bay NSW 2315
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VIC
WYNDHAM VACATION RESORTS ASIA PACIFIC MELBOURNE
199 William Street, Melbourne, VIC, 3000
Located 30 minutes from Newcastle Airport and positioned just metres from
the turquoise waters of idyllic Shoal Bay Beach, Ramada Shoal Bay provides the
perfect getaway, where you can do as much or as little as you like. There are 34
Club Apartments in this Resort, including twelve studio apartments, twelve onebedroom apartments and ten two-bedroom apartments.
This Club Resort is in the heart of the Melbourne business district on the corner of
William Street and Little Bourke Street. There will be 85 Club Apartments contained
within the two tower high rise mixed use complex and will include studio, one, two and
three-bedroom apartments including Presidential suites with additional features of
built-in fireplaces, wine refrigerators and outdoor lounge and dining areas.
Apartments P01-P12, W201-W202, W205, W208, W107-W109, W111, B701, B802, B405,
W115-W116, B705, B805, H114, B603, H110, H105, H207, B508, S003
Apartments 101-111, 201-219, 222-225, 301-311, 401-413, 417-418, 424 with the balance
Apartments to be progressively transferred to the Club.
© 2016 - Prepared 1 January 2016 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200
VIC
WORLDMARK SOUTH PACIFIC CLUB BY WYNDHAM AT
RAMADA PHILLIP ISLAND
2128 Phillip Island Road, Cowes, Phillip Island, VIC, 3922, Australia
The Resort has 211 cottages set on 65 acres of rustic bush land. The 52 Club
Apartments include one, two and three-bedroom cottages.
Cottages 124, 140, 144, 151, 155, 156, 158, 169, 171, 179, 183, 189, 190, 193, 196, 198, 201-204,
209, 225, 227, 231, 234, 240, 251, 260, 263, 265, 267-269, 273, 274, 285, 288-291, 294,
295, 298, 300-302, 301, 302, 304, 306-310.
J.
Associate Resorts
Section 8.2 on page 49 of the PDS is amended to include the following Associate Resorts
available to Premier Owners as follows:
• Ramada Hotel and Conference Centre Marcoola Beach (non-Club apartments)
• Ramada Resort Rotorua Marama (non-Club apartments)
• Ramada Hotel & Suites Hervey Bay
• Ramda Suites Paihia
• Ramada Singapore at Zhongshan Park
• Days Hotel Singapore at Zhongshan Park
• Swiss BelHotel Sanur Ramada Camakila
• TRYP Fortitude Valley Hotel, Brisbane
• Wyndham Sea Pearl Resort Phuket
• Ramada Plaza Melaka
In addition to the above Associate Resorts, Privileges members also have access to the following additional Associate Resorts:
• Wyndham Vacation Resorts Asia Pacific Wanaka (Presidential Suite)
K.
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Available Vacation Credits
Section 10.9 on page 59 of the PDS is replaced with the following:
As at 30 September 2015:
- There are 51,420 Owners in the Club who hold a total of 743,967,000 Vacation Credits; and
- 5,540,130 Vacation Credits have been allocated by us against current Club Apartments but have not been issued (or sold) to Owners.
Directors’ Consent
As directors of Wyndham, Matthew Taplin, Gary Croker and Jorge De La Osa have consented to and authorised the issue
of this SPDS and have not withdrawn that consent.
© 2016 - Prepared 1 January 2016 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200