This Commissions Guide article relates to CHL Smart Options Residential loans. Articles related to other CHL 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.
Commission Rates
Note: The CHL Smart Options product was withdrawn from February 2019 and is no longer available. This article contains information on trail commissions only.
| ex GST | inc GST |
Trail - Settled from 1st April 2018 | 0.15% | 0.165% |
Trail - Settled before 1st April 2018 | 0.175% | 0.1925% |
Trail for each loan, for each calendar month, is calculated on the average daily balance from the settlement date
Trail is no longer payable when the principal amount of the loan is below $10,000
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 period it is ceased.
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, either directly or as an accessory. For avoidance of doubt, there will be no reimbursement of any trail fee during the period it is ceased.