All Connective Fees are invoiced monthly in advance, except for Cashdeck charges which, if applicable, will be invoiced in arrears. We will usually raise and issue your invoice around the 26th of the month prior to the billing period, and you can access it in Mercury Nexus. See Manage Connective invoices for more details.
This article explains the different types of fees that may appear on your Connective invoice.
Membership Fees
Your Connective Membership Fees will vary based on your Commission Plan, the number of brokers in your group, and whether you are an ACL holder or operating under the Connective Credit License.
Broker Fee
Amount | $150 + GST |
Basis of charges | Per Broker / Broker |
Services included | This fee includes all your membership benefits including access to our Mercury software, BSM support and Connective Learning Program. |
Maximiser Fee
Amount | $880 + GST |
Basis of charges | 1 Maximiser Fee per every 5 Brokers e.g. 1-5 Brokers = 1 Maximiser Fee, 6-10 Brokers = 2 Maximiser Fees |
Services included | This fee entitled you to received 100% of the commission (Upfront and all future Trail) for loans settled during the month it was paid |
Credit Rep Fee
Amount | $209 + GST |
Basis of charges | Per Broker |
Services included | If you do not hold your own license, you can become a Credit Representative underneath Connective’s license. This fee covers all your compliance support.
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PI Participation Fee
Amount | Variable |
Basis of charges | Fee per Partner Group, charged where the group operates under the Connective Credit License |
Services included | This fee pays for Professional Indemnity Insurance under Connective's group policy arrangement.
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Administration Fees
Members who choose to pay their fees via Credit or Debit Card will incur Merchant Fees in line with the processing costs of their card. The cost is 1.3% for Visa and Mastercard, and 2.3% for American Express.
There is no administration fee for payments by Direct Debit.
Additional Services
The following services are available on a subscription basis
DMH Subscription
Amount | Lite Touch: $120 + GST Premium: $220 + GST |
Basis of charges | Fee per Partner Group (if subscribed to DMH) |
Services included | Access to Connective's 'Digital Marking Hub' email marketing platform and curated content tools. See About Connective’s Digital Marketing Hub for more details. |
Connective Property Tools
Amount | $95 + GST for first user Plus $20 + GST for each additional user |
Basis of charges | Fee per Partner Group based on the number of users. |
Services included | Access to the full CoreLogic suite of property data and reports. See About Connective Property Tools for more details. |
My Website
Amount | $50 + GST per month $500 + GST setup (one off) |
Basis of charges | Fee per website |
Services included | Setup and hosting of a branded website. See About My Website for more details. |
Cashdeck Retrievals
Amount | $4+ GST per chargeable retrieval |
Basis of charges | Each user gets 5 free retrievals per month, additional retrievals are charged for. |
Services included | Please note, only Connective Credit Representatives are charges by Connective for CashDeck retrievals. ACL holders can sign up and be billed by CashDeck directly.
Customer bank statement retrievals using Credit Ready by CashDeck. See Credit Ready by CashDeck for more details. |
Payment Terms
Payment terms are usually the 1st or 2nd business day of the month for the month. The exact due date is shown on your monthly invoice.
For example, The August invoice is due on the 1st or 2nd business day in August. You should receive your August invoice in the last week of July which will show the exact date your payment will be processed.
Payment Methods
Connective offer Direct Debit authority (Bank Account or Credit Card) which will be processed on the 1st or 2nd business day of the Month.
Please note: You may be charged a dishonour or processing fee by your bank if there are insufficient funds in your account on the invoice due date.
Outstanding Fees
In accordance with our “Payment Terms”, Connective will deduct overdue fees and Lender clawbacks (if any) from your commission entitlements later in the month.