This Commissions Guide article relates to Macquarie Residential loans. Articles related to other Macquarie products can be found here:
Connective will maintain this guide to the best of its ability but cannot guarantee that the information within is complete, and/or in line with the latest guidance and policies of the lender. If you believe anything is missing or inaccurate, please contact us.
Contents:
Commission Rates
| ex GST | inc GST |
Upfront | 0.65% | 0.715% |
Trail: Settled on or after 16th Oct 2017 | 0.15% | 0.165% |
Trail: Settled before 16th October 2017 - Years 1-3 | 0.15% | 0.165% |
Trail: Settled before 16th October 2017 - Years 4+ | 0.2% | 0.22% |
Upfront Commission
Upfront commission will be calculated using the loan balance (net of offset account balances) as at the fourteenth calendar day post-settlement (Fifteenth day of the loan) for settlement from 1 June 2025. (previously ninth calendar day).
Upfront for a Construction Loan is calculated on the approved credit limit.
After 12 months, Macquarie will look at each loan account balance and pay an additional commission on the difference between the current loan account balance (net of any offset balances) and the loan account balance used in the initial upfront calculation (net of any offset balances) as long as the amount is greater than or equal to $50,000.
Effective 1 June 2025, the aggregator is being removed from the criteria for an internal refinance, this means that only security address and borrower details will be compared. If these two match an upfront will be payable on new lending only. (loans under another aggregator were previously treated as new business)
Variations
Payment of the Variation Fee and the entire associated Trail Fee will be made to the Macquarie Broker who submitted the referred variation.
For home loans that settle on and from 1 March 2021, Macquarie will pay a commission of $350 (ex GST) for all principal increase that settle on or before the first anniversary of a home loan. For any principal increases that settle after the first anniversary of a home loan, Macquarie will continue to pay a commission equal to 0.715% (inc GST) of the total principal increase amount.
Trail Commission
No Trail is payable when the principal amount of the New Product Loan is below $10,000
Trail for each loan, for each calendar month, is calculated on the average daily balance from the settlement date on all loans under the facility.
Trail on a loan will cease during any period the loan is in default (whether payment default or otherwise) for a consecutive period of two (2) months) or more, or during any period the loan is subject to a financial hardship arrangement with Macquarie. For avoidance of doubt, there will be no reimbursement of any trail fee during the periods outlined in this paragraph.
Trail will cease when Macquarie suspects on reasonable grounds that the broker has contributed or is found guilty of any act of deceit, dishonesty, fraud or illegal activity. For avoidance of doubt, there will be no reimbursement of any trail fee during the periods outlined in this paragraph.
Clawbacks
Period | % Clawback |
0-12 Months (Specifically 365 days) | 100% |
13-18 Months (Specifically 548 days) | 50% |