How Asset Finance commissions work
Asset Finance commissions are generally paid by the lender to Connective and then passed on to you. Commission structures and payment timing vary by lender and product type.
Some lenders pay commission at settlement, while others pay monthly in arrears or on different schedules depending on the deal type.
When Asset Finance commissions are paid
Connective processes Asset Finance commission payments daily.
Where a lender pays commission at settlement and a CAF invoice has been raised in Mercury, you can generally expect payment within one to two business days of settlement.
Where a lender pays commission in arrears, Connective typically pays within a few days of receiving the commission from the lender.
For lender-specific timing, see Asset Finance Lender Payment Schedules.
Raising CAF invoices
Some lenders require an invoice before they will release commission.
Even where an invoice is not mandatory, Connective strongly recommends that brokers create a CAF invoice for all Asset Finance deals to help ensure there are no delays or issues with commission payments.
Raising a CAF invoice:
Confirms your deal has settled
Alerts Connective that commission is expected
Reduces the risk of missed or delayed payments
For step-by-step instructions, see How to Generate a CAF Invoice.
Important: If you raise an invoice after settlement, you may need to notify the commissions team so they can locate the corresponding lender payment.
Viewing commission statements and RCTIs
Commission statements and Recipient Created Tax Invoices (RCTIs) are available in the Commissions app in Mercury.
To access your statements:
Log in to Mercury
Open the Commissions app
Select the CAF Commissions tab
Choose the statement you wish to view or download
Updating your commission payment details
To update the bank account your commissions are paid into, go to the Membership Centre in Mercury.
Only Directors or Business Owners can access the Membership Centre. You can choose to:
Receive Asset Finance commissions into the same account as other commissions, or
Nominate a separate account for Asset Finance commissions
Commission splits
Commission splits to payees or referrers are not currently supported for Asset Finance.
All Asset Finance commission is paid to the Connective Full Member.
Commission clawbacks
In some situations, Asset Finance commissions may be clawed back by the lender after payment.
A clawback occurs when a lender reverses all or part of a commission that has already been paid. This typically happens when a loan does not meet the lender’s ongoing requirements.
Common reasons for commission clawbacks may include:
The loan is repaid, refinanced or discharged within a short period
The client defaults or the loan is written off
The lender determines the deal no longer meets eligibility or policy requirements
Clawback conditions, timeframes and amounts vary by lender and product.
If a lender claws back commission, Connective is required to pass the clawback on to the broker. This may result in:
A negative commission adjustment, or
The clawback being offset against future commission payments
Note: Volume Bonus Incentives (VBI) and other incentive payments may also be impacted by clawbacks. See Asset Finance VBI (Volume Bonus Incentive) for more information.
Need help?
If you have questions about Asset Finance commissions, contact your Partnership Manager or email [email protected].