Product Disclosure Statement - Wyndham Vacation Resors Asia ...

WorldMark South Pacific Club by Wyndham - Product Disclosure Statement
If a member of the public does not apply for the Premier Owner Vacation Credits at the time the Premier Vacation
Credit Ownership is presented to them, they will not be entitled to apply for Premier Vacation Credits until next invited
to do so by WVRAP. Finance is available from Finance by Wyndham to assist qualified purchasers of the Premier Owner
Vacation Credits.
Standard Owner Vacation Credits are available at any time after the completion of a WVRAP presentation.
Prospective purchasers of Premier Owner Vacation Credits may contact the Responsible Entity to obtain information
regarding attending a presentation.
Owner of Premier and Standard Vacation Credits have the same voting rights and pay the same level of annual levies
which is based on the number of Vacation Credits owned.
2.6 How easy is it to use Vacation Credits
As a WorldMark South Pacific Club Owner, you acquire a specific number of Vacation Credits, giving you flexibility in
the choice of using any of the Resort Apartments of the Club depending on the number of Vacation Credits you have
available and Resort Apartment availability. Standard Owners may only use Standard Owner Apartments. You can use
your Vacation Credits for a lifetime of memory-making holidays and/or share your Vacation Credits as a gift for family,
friends and business associates.
Your Club’s Vacation Credit system works much like a traditional bank account. When you become an Owner, Vacation
Credits are deposited into personal WorldMark South Pacific Club account, ready for immediate use.
When you make reservations, the number of Vacation Credits needed for that particular reservation are automatically
withdrawn.
Every year on your Anniversary Date of Ownership, your account is again credited with the full number of Vacation
Credits you own (unless you have borrowed from your next year’s account). You can always check your current Vacation
Credit ‘balance’ at the Club’s website or via telephone.
For Premier Owners, you can SAVE some or all of your Vacation Credits for one year to extend your holiday time the
following year. All unused Vacation Credits are automatically carried over for use in the following year, and expire at the
end of that year, unless you have an accepted reservation in accordance with the Guidelines and Regulations in respect of
those Vacation Credits before then. Also you can BORROW some or all of your Vacation Credits from the upcoming year
to extend your holiday time in the current year, as long as you have paid the annual levy for the upcoming year.
With potentially three years of Premier Owners Vacation Credits available, you could travel for an extended holiday or
holidays within Australia and the South Pacific. The choice is yours!
Save your
vacation credits
Borrow your
vacation credits
Three times your vacation
credits in your account
2.7 How many Vacation Credits do I need for each Apartment
The number of Vacation Credits you need to book and stay at a particular Resort will depend on the assigned Daily Vacation
Credit Value.
Each Resort Apartment has been assigned a Daily Vacation Credit Value, which are listed in the latest WorldMark South
Pacific Resort Guide (“Resort Guide”). The Daily Vacation Credit Value of each Resort Apartment depends on :
1. The time of year;
2. The number of bedrooms in the Resort Apartment;
3. The day of the week;
4. The location of the Resort; and
5. Any other factor which the Responsible Entity considers relevant
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© 2011 – 22 April 2011 – Wyndham Vacation Resorts South Pacific Ltd – ACN 090 503 923 – AFS Licence 225200