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Contents:
Commission Rates
| ex GST | inc GST |
Upfront | 0.65% | 0.715% |
Trail | 0.15% | 0.165% |
The upfront payment will be based on the approved loan amount net of any redraw and offset, calculated at the net balance at settlement.
tTrail commission is not payable in respect of Settled Loans while in default or arrears for a consecutive period of sixty days provided however that upon correction of all arrears on the settled loan any trail commission will recommence.
Brokers remain entitled to receive ongoing trail whilst licensed or an authorised Credit Representative under an active Resimac Introducer Agreement.
Notes & Definitions
Clawbacks
Period | % Clawback |
0-12 Months | 100% |
13-18 Months | 75% |
19-24 Months | 25% |