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APPOINTMENT OF CREDIT REPRESENTATIVES –NATURAL PERSONS

Under this document we appoint youas our credit representative.

If you have any sub-contracting loan writers, they will be appointed by us under a separate document.

You should check all the information in this document is correct, have it fully signed, retain a copy, and return it to us. We will notify ASIC of the appointments.

Information Schedule

Our details (us/we):Mortgage Australia Group Pty Ltd
93 Taittinger Grove, The Vines WA 6069
091 941 749
Australian Credit Licence 377294

Your details (you):YOUR FULL NAME: ______

DATE OF BIRTH: ______

CITY / TOWN OF BIRTH: ______

STATE OF BIRTH (IF BORN IN AUSTRALIA): ______

COUNTRY OF BIRTH: ______

YOUR ADDRESS: ______

[CREDIT REP NUMBER – IF KNOWN] ______

EMAIL ADDRESS: ______

EDR Scheme:COSL orFOS Membership number:______Start Date:____/____/____

PI Insurer: N/A – covered by licensee’s policy (Lloyds of London)

Policy No:1098841, SI/31809/000/14/F, SI/49599/000/14/F, 3000014069

Amount of cover: $20MExpiry date:31st March

  1. Appointment of you as our credit representative

We hereby appoint you to engage in the credit activities specified in Schedule 1 on our behalf. You accept this appointment and agree to the terms of this document by signing and returning this document.

Your appointment commences on a date we notify you after we have received this document signed by you. We may terminate or amend your appointment at any time.

  1. Information about you

You represent and warrant to us that you:

  • are not subject to a banning order or disqualification order in relation to any credit activities
  • are a member of the ASIC approved EDR scheme (if any) specified in the Information Schedule
  • are not banned from engaging in a credit activity under a law of the state or territory
  • 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.)
  • 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).
  1. Conduct as a credit representative

You:

  • must conduct business as our credit representative in accordance with procedures specified by us from time to time
  • upon our request, must provide any information or documents requested by us regarding your activities as our credit representative
  • are liable for any breach of any law including the National Consumer Credit Protection Act 2009(Cth) arising from your conduct or inaction
  • must not accept appointment as a credit representative of any other licensee or obtain an Australian Credit Licence without our prior written consent
  • acknowledge that the appointment as our credit representative does not make you our employee or general agent
  • acknowledge that as our credit representative you will provide services to our panel lenders and other members of the public as authorised by us from time to time
  • authorise us to lodge any returns at ASIC regarding your appointment, termination, change to particulars, or otherwise connected with your appointment as our credit representative.
  1. Claims and breaches

You must promptly inform us of:

  • any claim that is made or threatened against you; and
  • any breach of any law, including in particular the National Consumer Credit Protection Act 2009(Cth)

in respect of the conduct of yourbusiness as our credit representative.

  1. PI insurance

If the Information Schedule indicates that you are to take out professional indemnity insurance:

  • you warrant that the insurance details specified in the Information Schedule are correct
  • you must maintain the professional indemnity insurance for six years after you cease to be our credit representative
  • you must not change the terms of the professional indemnity insurance without our prior written consent.
  1. EDR membership

You must maintain membership of the ASIC external dispute resolution scheme specified in the Information Schedulethroughout the term of your appointment as our credit representative and for at least one year after termination of that appointment.

  1. Notification of change

You must inform us promptly and in any event within two business days of any change to your name or business address.

  1. Indemnity

You hereby indemnify us on a continuing basis against all or any actions, suits, claims, demands, losses, damages, liabilities, costs and extensions of any nature (including without limitation civil and criminal penalties) suffered or incurred by us at any time actually or contingently arising directly or indirectly out of your conduct as our credit representative. This indemnity continues despite the termination of your appointment as our credit representative.

  1. Additional obligations

The obligations set out in this appointment are in addition to any obligations arising under any other documents or arrangements between us. For example, if there is an origination agreement between us, the obligations in this document are in addition to those set out in the origination agreement.

Signed on behalf ofLICENCEE:
Signature of Licencee
David Ham
Licencee name
Date
Signed by BROKER CREDIT REP in the presence of:
Broker Signature / Witness Signature
Broker Name / Witness name
Date / Date

Schedule 1 – Authorised credit activities

You are authorised to provide credit services as defined in s 7 of the National Consumer Credit Protection Act 2009(Cth), but only in respect of loans and other products introduced throughlenders and other product suppliers:

  • forming part our panel of suppliers; or
  • otherwise approved by us from time to time.

This appointment does not authorise you to provide credit services in respect of loans or other products made available other than as specified above.