Become a Referral Partner

The Parties

The Referrer

Referrer's bank account details

Commissions are paid directly to the Referrer's bank account via direct bank transfer. Note that for Purple Circle Financial Services Pty Ltd to make the payment, the Referrer must be registered for GST; upfront and trail commissions must be paid to the same account.

A. RCTI Agreement

Recipient-created tax invoices (RCTIs) can be issued only where the Referrer is registered for GST. If the Referrer is not registered for GST, the Loan Consultant will receive the commission split and is responsible for making payment to the Referrer.

• We, LendStart Finance Pty Ltd (the PCFS Member), can issue tax invoices in respect of supplies made by you, the Referrer, provided that you are registered for GST.
• You will not issue tax invoices in respect of the supplies made to us.
• You acknowledge that if you are registered for GST when you enter into this agreement, you will notify the Loan Consultant and Purple Circle Financial Services Pty Ltd if you cease to be registered.
• We must not issue a document that would otherwise be a recipient created tax invoice on or after the date when we or you have failed to comply with any of the requirements of the determination.
• We indemnify you for any liability for GST and penalty that may arise from an understatement of the GST payable on any taxable supply for which it issues a tax invoice.
• You will notify us of any change of address within 5 business days of such change.
• You agree to provide us with any other relevant information from time to time as required to assist us to issue a tax invoice.

B. Termination

• Any variation to this agreement must be in writing and signed by all parties.
• All parties acknowledge that we enter into this agreement independently and it does not make us partners, agents or representatives of one another.
• Either party may terminate this agreement on the provision of 30 days' written notice.

C. Commission

• Commissions are payable for approved and drawn loan applications introduced by the Referrer, as agreed in writing between the parties from time to time.
• Amounts payable are applied to the net commission available after deduction of Purple Circle Financial Services Pty Ltd (ACN 611 303 170) entitlements.
• For any loans affected by lender commission clawbacks, which may occur during the life of any introduced loan/s, commissions will be repaid by the PCFS Member or the Loan Consultant as required.

D. Declarations — The Referrer

I, the Referrer, confirm that I have a referral relationship with the Loan Consultant, and I confirm and acknowledge the following:

• I have received a copy of this Referrer Agreement.
• If I am registered for GST, I agree to the terms set out in the RCTI Agreement.
• If I am not registered for GST, I acknowledge that I will not receive an RCTI.
• I understand and agree that payment of agreed commissions is at the sole discretion and direction of the PCFS Member.
• I understand that the PCFS Member will direct Purple Circle Financial Services Pty Ltd to pay agreed commissions on the basis of the Member Agreement between the PCFS Member and the Loan Consultant, and the direction of the Loan Consultant to the PCFS Member, only if I am registered for GST.
• I will notify the PCFS Member, the Loan Consultant and Purple Circle Financial Services Pty Ltd upon any change in my GST status.
• To the best of my knowledge and belief, all information provided in this application is true and correct.

If I am NOT a holder of an Australian Credit Licence, or a Credit Representative, I also confirm that when I refer consumers who are potential borrowers, I will:

• engage in credit activities only as a referrer, incidentally to another business I am carrying on (e.g. not a call centre dedicated to generating referrals);
• not charge a fee to the consumer for the referral;
• inform the consumer that the Loan Consultant is able to arrange loans and leases but not specify any particular product, and not provide any recommendation or advice concerning loans or leases;
• inform the consumer of any commissions or other benefits I may receive;
• obtain the consent of the consumer to pass on their name, contact details and a short description of the purpose for which the consumer may want the credit or lease;
• pass the consumer's contact details to the Loan Consultant within five business days of informing the consumer that the Loan Consultant is able to arrange loans and leases but not any specified product;
• not market to the Loan Consultant's customers in any way unless authorised by them;
• indemnify the Loan Consultant on a continuing basis against all or any actions, suits, claims, demands, losses, damages, liabilities, costs and expenses of any nature (including without limitation civil and criminal penalties to the extent permitted by law) suffered or incurred at any time actually or contingently arising directly or indirectly from: any failure by me or my employees, agents or contractors to comply with any provision of this agreement; any dishonest, fraudulent or negligent act or omission by me or my employees, agents or contractors; any failure by me or my employees, agents or contractors to comply with any law; any liability to a third party arising because of, or contributed to by, any act or omission by me or my employees, agents or contractors; or any conduct of me or my employees, agents or contractors;
• acknowledge that the Loan Consultant, acting reasonably, may determine an amount due under this indemnity or under any other clause of this agreement, deduct that amount from any amount due to me and (to the extent not deducted) require me to pay that amount.

E. Declarations — The Loan Consultant

I, the Loan Consultant, confirm that I have a referral relationship with the Referrer as a referrer of consumers who are potential borrowers to us. I further confirm and acknowledge that:

• I have provided the Referrer with a copy of this Referrer Agreement.
• I have fully explained and disclosed to the Referrer that agreed commission will be paid at the PCFS Member's sole discretion and direction to Purple Circle Financial Services Pty Ltd.
• I have fully explained that the PCFS Member will direct Purple Circle Financial Services Pty Ltd to pay agreed commissions on the basis of the Membership Agreement between the PCFS Member and me, and my direction to the PCFS Member.
• I will notify the PCFS Member and Purple Circle Financial Services Pty Ltd should I become aware of any change in the Referrer's GST status.
• I will disclose to referred consumers that we may pay the Referrer a fee for the referral.
• I will include certain details of this referral arrangement on my Referral Register.
• I will contact consumers referred to me within 10 business days in the way set out in Reg 9AB of the National Consumer Credit Protection Regulations 2010.
• To the best of my knowledge and belief, all information provided in this form is true and correct.