REFERRER ACCREDITATION

0.4% of the loan amount for any Lowdoc Loan, Commercial Loan or Private Loan
0.2% of the loan amount for any Fulldoc Loan,

REFERRER

YOUR FIRM

Trading Name

Please complete if you trade under a different name from your registered company. Your referral agreement will be listed under your trading name.

Addresses 

If you have more than one office location, please complete on this page your preferred head office address. Could you let us know your other address(s) in the “Notes” section overleaf?

Principal Person

Who will be the primary person to receive all correspondence concerning our products, news, updates and general information?

See also “Nominated Persons Schedule” which will be attached if applicable

Number of Clients

This information will help us gauge the level of support and service your organisation will require. 

Bank Details

Please complete so we can pay any agreed referral fee direct to your nominated bank account. You will receive a monthly statement outlining payment details.

What you should know about the NCCP

Revas uses a specialized lead management and loan processing system to keep you up to date with your client’s loan applications and referral fees payable.

Referring loans is regulated by the National Consumer Credit Protection Act 2009 (NCCP) so it is important that you and each or any of your nominated representatives:

✔ are over the age of 18;

✔ have no knowledge of any claim that may be pending against you;

✔ only engage in credit activity as a referrer that is incidental to another business you are carrying on;

✔ not engage in referring clients if you have been banned from providing credit advice;

✔ not conduct business by contacting people face to face from non-standard business premises (e.g. a stall in a shopping mall);

✔ not charge a fee to the client for the referral;

✔ only inform the client that we are able to arrange loans and leases, but not specify any particular product and not provide any recommendations or credit advice concerning loans or leases;

✔ obtain the consent of the client to pass on their name, contact details and a short description of the purpose for which the client may want the credit or lease; and

✔ pass the client’s contact details to us within five business days of informing the client that we are able to arrange loans and leases;

✔ if a natural person, have not been convicted within the last ten years of serious fraud and are not subject to any order under the Crimes (Criminal Organisations Control) Act 2009 (NSW) or the Serious and Organised Crime (Control) Act 2008 (SA). (‘Serious fraud’ means an offence involving fraud or dishonesty punishable by imprisonment for three months or more);

✔ if a company, none of your directors, secretaries, employees, senior managers or nominated persons who perform duties in relation to referral activities are subject to any order under the Crimes (Criminal Organisations Control) Act 2009 (NSW) or the Serious and Organised Crime (Control) Act 2008 (SA);

✔ are not registered, licensed, or appointed (other than pursuant to this document) as a credit representative under the National Consumer Credit Protection Act 2009 Cth).

You must advise clients about our services in a form similar to the following script:

“Our business has a partnership with a Mortgage Manager we know, Luc McKell or one of his staff.  Would you mind   if I passed your details to them so that they can contact you to find out about and assist with your finance requirements?

and, if the client responds affirmatively:

“I just need to let you know that Luc McKell are Licensed Mortgage Managers and because of that, I need to let you know that if you do use them, I will get paid a referral fee. When they contact you, they will check to make sure that you and I had this conversation before asking your permission to continue the conversation. You can decline their assistance at that point if you want to.”

If appointed as an authorised referrer

You agree ‘as the primary person’ to the agreement, to receive all correspondence concerning Revas products, news, updates and general information and conduct referral activity in accordance with Schedule 1. The appointment commences on a date we notify you after we have received this and any other requested document(s) signed by you.

Appointment of other / additional nominated persons

Additional directors, employees, and additional Nominated Persons “subject to being added to the Nominated Persons Schedule” will also only engage in the referral activity as specified in Schedule 1. Their appointment commences on a date we notify you that they have been accepted and are part of the active referral agreement which has been signed by you, any other authorised referrer, and any guarantors. We may terminate or amend their appointment as detailed in the Termination section of this agreement. You ‘the primary person’ warrant that the employees, directors and Nominated Persons are your responsibility and they conduct referral activity in accordance with this agreement and Schedule 1.

Termination of this agreement

Each party may terminate this agreement by giving notice in writing of not less than 30 days. All referrals provided prior to the termination date shall remain with Revas Mortgage Management and be completed in accordance with the normal conditions specified herein.

Notification of change

You must inform us promptly and in any event within two business days of any change to a name or business address of you, nominated persons or additional appointees.

Claims and Breaches

You must promptly inform us of: any claim that is made or threatened against you or any nominated representative; and any breach of any law, including in particular the National Consumer Credit Protection Act 2009 (Cth) Each nominated representative must also promptly inform us if such an event occurs to them.