There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
Financial Markets Conduct (EML Payment Solutions Limited) Exemption Notice 2021.
Issuer's description of this product:
OneSmart is an unsubordinated, unsecured debt security.
Minimum investment
$1.00
This is the minimum amount you would need to put into this in order to invest.
Closing date
Ongoing
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the foreseeable future.
Maturity
Non-fixed
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
Non-fixed
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
The details
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
Investment credit rating
Not providedIssuer credit rating
Not providedMaturity
Non-fixed
Maturity conditions description
Your OneSmart facility does not itself expire, but the OneSmart Card cannot be used to access your OneSmart facility after the expiry date printed on the OneSmart side of your OneSmart Card. After this date, you will not be able to use your OneSmart Card to access money loaded onto your OneSmart facility (until
you receive a replacement OneSmart Card and activate this). However, you can still Cash Out the balance on your OneSmart facility at any time. If you cease to be a member of the Airpoints Programme, you will not be able to continue using OneSmart and will need to Cash Out your OneSmart facility.
Rate
Non-fixed
Rate calculation description
You will not earn any interest on money you have loaded onto your OneSmart facility.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Air NZ Onesmart Productdisclosure Statement 14 July 2023.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 170.97 KB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Air NZ Onesmart Terms&conditions 14 July 2023.pdf
Terms and conditions
PDF, 142.44 KB
Declarationof Trust.pdf
Declaration of Trust
PDF, 194.44 KB
Statementregardingfinancialinformationandfinancialstatements.pdf
Statement regarding financial information and financial statements
PDF, 29.65 KB
One Smart Ranking Table FY 25.pdf
Additional product disclosure statement from the provider
PDF, 103.68 KB
One Smart Financial Information Summary FY 25.pdf
Additional product disclosure statement from the provider
PDF, 131.35 KB
Air NZ Onesmart Supplementary Product Disclosure Statement 15 April 2026.pdf
Additional product disclosure statement from the provider
PDF, 105.48 KB
Additional details
Issuer details
Name
EML PAYMENT SOLUTIONS LIMITED
Type
Overseas ASIC Company
Industry
Financial/insurance
Website
NZBN
9429048519045
FSP Number
FSP1000006
Credit rating
Not provided
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
19 March 2021
Date opened
28 April 2021
Closing date
None
Offer credit rating
N/A
Continuous issue
Yes
Further payments may be required
Yes
Restrictions on transfer
Yes
Restrictions on acquisition
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
Yes
Reference numbers
Offer
OFR13052: ONESMART, A PREPAID PAYMENT FACILITY