Document background
The Loan Referral Agreement is essential for businesses operating in the Australian financial services sector who wish to establish formal referral arrangements for loan products. This document is typically used when a business wants to refer potential borrowers to a lender in exchange for commission payments, while ensuring compliance with Australian financial services regulations. The agreement addresses key aspects such as referral processes, commission structures, regulatory compliance (including Australian Credit License obligations where applicable), privacy requirements, and risk allocation. It's particularly relevant in the context of the Australian regulatory framework, which includes strict requirements under the National Consumer Credit Protection Act 2009 (Cth) and related legislation. The agreement helps parties establish clear parameters for their relationship while maintaining compliance with applicable laws and regulations.
