BusinessOpportunity

BAMB250113 CopyrightBecomeAMortgageBrokerPtyLtd

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Welcome
BecomeAMortgageBrokercanofferyoutheopportunitytotraininafantastic newcareerasamortgagebroker.Wewereformedtofillavoidinthe mortgageandfinanceindustry.Therearemanycompaniesprovidingspecific trainingbutBecomeAMortgageBrokertakesyouafewstepsfurther.We assistyouallthewaybycoordinatingallyourtrainingtobecomean accreditedmortgagebroker,mentoryouandprovideyouwithallthetraining, assistanceandsupportingtoolstoprepareandsubmitloanapplicationstothe banksforaslongasyouwish.

Ifyouhavebeensearchingforaspecialisttrainingproviderthatdelivers results,thenyouvefoundtherightplace. Wewouldbedelightedtohearfromyou,sowecancontributetoyourfuture success!

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AboutBecomeaMortgageBrokerPtyLtd
BecomeAMortgageBrokerPtyLtdwasestablishedtoassistnewentrantsinto themortgageindustryandtofacilitateongoingtraining. Ourexperiencedstaffwillexplaintoyoutherulesandtheprocessrequiredto beamortgagebrokerandguideyouthroughthewholeprocessfromobtaining CertificateIVinFinancialServicestoobtainingaccreditationwithnumerous banksandotherlendinginstitutions. Inaddition,wewillappointamentorwhoholdsanAustralianCreditLicence issuedbytheAustralianSecuritiesandInvestmentCommissiontoprovide continuoustrainingandassistanceforthemandatory2yearsandbeyond. Throughthementorscompany,youwilloperateasanAustralianCredit Representative.Membershaveaccesstoabroadrangeoflendersandtheir products.Throughourpartnersandalliances,wesupplythetechnology, lenderaccess,trainingandsupportthatenablememberstoservicetheir clientsinthemostprofessionalandefficientwaypossible. Ifyoureinterestedinbecomingamortgagebrokerwithourcompany,please ContactUs.

Website:www.becomeamortgagebroker.com.au Email:info@becomeamortgagebroker.com.au
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BecomeaMortgageBroker
Consumers,nowmorethanever,recognisetheimportanceofseekingexpert adviceonsomethingasimportantastheirmortgage.Asaconsequenceofthis, moreandmorepeopleareturningtotheprofessionalservicethatamortgage brokerprovides. Becomingamortgagebrokerisrelativelyeasywhencomparedwithother professionalrolessuchasbecomingafinancialplanner,accountantorsolicitor. Notertiaryeducationisrequiredandindustryexperienceisnotessentialto success.

IndustryPartners:

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Acc cessto oover30L Lende ers

Thefin nancemar rketisverydiverse witheveryborrowe erhaving uniquene eeds. Ourex xtensivele endingpan nelof30lendersca atersforallneedsfr romthem mum andda adapplicantstothe eselfemp ployedwho owishtopurchase anowner r occupi iedorinve estmentp property.I naddition n,itcaters sfornonc conformin ng loans,commerc cial,propertydevelo opment,b businessandinsuran nce

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Benefits
Lowstartupcostsandrelativelylowongoingcosts. Highearningcapacityaswellastheabilitytoearnpassiveincome throughtrailingcommissions. Abilitytoworkfromhome. Flexibleworkinghoursallowingyoutotakecontrolofyourlife,andnot haveanemployer(otherthanyou)controllingyou! Amortgagebrokingbusinessisasaleableasset.Notonlywillyouhave thepotentialtoearnagreatincome,butyoucansellyourbusinessin thefutureshouldyouchoose. Becomeyourownbossandpotentiallysomeoneelses! Themortgagebrokingindustryisasafeandstableindustrythisisnota fadthatwillfadewithtime. HappinessArecentstudyfoundthatthegroupofpeoplewhoseemed tobethehappiestandmostcontentintheirliveswerethosewho workedforthemselves! Dealwithanestablishedandreputablecompany. Wewillguideyouandassistyouwithallaccreditationrequirements. Wewillarrangetrainingwithbanksandotherlenders. Ongoingmentoring. CustomerRelationshipManagementSystem. Marketingtools. Onlineaccesstocustomerrecordsandsupportingdocuments. Accesstonumerousindustrycalculators. Uptodatelenderapplicationforms. Uptodatelenderpolicies.
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Uptodatelenderproducts. Uptodatelenderinterestratesandfees. GovernmentdocumentssuchasFirstHomeOwnersGrants. NationalConsumerCreditPolicydocumentation. Onlinetrainingvideosandmaterial. Friendlyongoingsupport. Assistancewithloanscenarios. Assistancewithloanstructuring. Crosssellingopportunities. Wewillassess,submitandmanageapplicationstotheLendersonyour behalf. Abilitytoworkandtrackprogressviainternetanywhereintheworld. Commissionsitemisedandpaidmonthly. Yourmentorshavecombinedindustryexperienceofover45years. Nofixedlengthcontracts,just30daysexitnotice. ..andmuchmore.

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LeadingEdgeMort tgageSoftw ware

Ourso oftwareSy ymmetry,setstheb benchmark kforloanoriginatio onsystems s. Symmetryhase extensivef functionallitytocate ertoevery ypartofy yourbusin ness, froms salesthrou ughtomanagement. SalesR Results

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Admin nistratione efficiencie es

gementde ecisions Manag

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Minim miseyourIT Tcosts

ateandqu ualify Calcula

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Manag gementat tatouch

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FreeSy ymmetrytrainingincluded n

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PotentialEarn Capacity ningC

Youre earningsar rederived dfromtwo osources. .Upfrontcommissio onandtra ail commission. ntcommis ssionispa ayablewhe enaloansettles.Th heamoun ntvaries Upfron betweenpanellendersan ndisaone eoffpaym ment.Ona averageu pfront commissioniscurrently0 0.6%,there efore,ifyousettlea a$500,00 00loan,the lender rpaystheAggregato or$3,000andafter rtheydeducttheirf feesyouw will receive eonavera age75%o ofthatinco omeor$2 2,250. Trailco ommissionispaidm monthlyo nthelifeoftheloanbasedo onthebala anceof theloa anforthemonth.O Onaverage etrailcom mmissioniscurrentl y0.15%p p.a. Theref fore,ona$500,000 0loanona aninterest tonlybasis,thelen nderpayst the Aggreg gator$62. .50permo onthand afterthey ydeducttheirfeesy youwillre eceive onave erage75% %ofthatin ncomeor$ $46.88pe ermonth. Weha aveprepar redatable eontheP PotentialE EarningCapacityifa amortgage broker rsettlesonaverage e$1,000,0 000permo onthforth hefirst5y years.The e calcula ationisals sobasedo onanaver rageUpfro ontComm missionof 0.6%andTrail Comm missionof0 0.15%pa.Itisalsob basedonanaverag geAggrega ationFeeof 25%. nnualUpfr rontComm missionof f$54,000doesnotv varybutt theTrail Thean Comm missioncom mpoundseachyear rasthepo ortfoliogro owsfrom $7,332fo orthe firstye earto$61 1,476inthefifthyea ar.
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PotentialEarningCapacityCalculator

Byconsistentlysettlingonaverage$1,000,000perannumorabout3loansper month,yourincomeincreasesfrom$61,332forthefirstyearto$115,476for thefifthyear. Thecalculationdoesnotincludeloansthatmayclose,loansinarrearsor principalreductions. YourannualTrailCommissionisthevalueofyourbusinessandyoucansellit atamultipleof1.5to3timesdependingonthequalityoftheportfolio.Asan example,ifyousellyourloanbookafteryear5,thevaluecouldbeashighas $184,428($61,476x3).

Disclaimer:Theabovetableisforillustrationpurposeonlyandsubjecttoindividual agreementswithyourAggregatorand/oryourCreditLicenseeandshouldnotbeconstrued asaguaranteeorwarrantyofincome.Factorssuchasexperience,personalobjectives, locationandskillswillvaryfrombrokertobroker,thereforeindividualresultswillvary.The tableisforexamplepurposesonly.Everyefforthasbeenmadetoaccuratelypresentthe abovefiguresandtheirpotential.Earningpotentialisentirelydependentonthebrokers abilityandtheLenderscommissionratesandfeeswhicharesubjecttochangefromtimeto time.
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FrequentlyAskedQuestions
WhatBrokersDo? Brokersworkwithclientstodeterminetheirborrowingneedsandcapacity, selectaloanthatsuitstheborrowersaimsandobjectivesandmanagethe processthroughtosettlement.Brokersneedstrongfinancialliteracyskills, excellentpeopleandcustomerserviceskillsandtheabilitytoreallylistento clientsneeds. Whatisthedifferencebetweenusingamortgagebrokerinsteadofgoing directlytoabank? Amortgagebrokerhasaccesstomostproductsofferedbymostbanks,non banksandfinancialinstitutions.Theyknowhowtostructuretransactionsto meettheclientsrequirementsandthelenderspolicies. Otherbenefitsindealingwithabrokerare: Convenience; Mobileandusuallyareavailableoutsidebanktradinghours; Morepersonalisedservice; Greaterexpertiseastheyfocusonloansonly;and Unbiasedopinions.

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Isthereademandforbrokers? Thedemandforqualifiedandethicalmortgageandfinancialprofessionalsis growing,asmoreandmoreconsumersturntobrokersasatrustedsourcefor housingand/orbusinessfinance. Aretherefeesinvolvedtobecomeamortgagebroker? Justlikeanystartupbusiness,therearefeesinvolvedbutthesefeesare minimal. CanIbeaparttimebroker? Yesyoucan.Hoursofworkforaselfemployedmortgagebrokersisvery flexible. Wehavemortgagebrokerswhohavefulltimejobsandmanagetohavea successfulhomeloansbusinessaswell.Obviouslyinputreflectsoutput. CanImakemoneywhilstIamlearningthebusiness? Withourbusiness,youcanYoucanstartgeneratingcommissions immediately. Youwillbeabletostartmarketingandnetworkingwellbeforeyouhave completedtheaccreditationprocess.Whenyouidentifyaprospectiveclient forahomeloanyounotifyyourMentor,whowillguideyouthroughthe process. WhatisaMentor? Industrymembershiprequiresthatanapplicantwithlessthan2years experience(overthepastfiveyears)inmortgagelending,mortgagebrokingor financebrokingmustbenominatedformembershipbyanothermember(or membersrepresentative)whoundertakestomentor(orensurethementoring of)theapplicant(mentee)untiltheyhaveatleast2yearsexperience. Wheredotheclientscomefrom? Youwilllearnseveralprovenmarketingstrategiesthatyoucouldimplementto becomevisibletoyourmarketplace.
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Withoutdoubt,themosteffectivemethodofhavingacontinuousflowof clientsisreferralsfromstrategicalliancesorpartnershipsthatyouform. ThesecouldbewithRealEstateagents(orrealestatesalespeople), Accountants,Lawyers,InsuranceAgentsandmanyothertypesofbusinesses. Thesealliancepartnershipsmightrequireyoutoremunerateyourpartner(not inallcircumstances)fromthecommissionsthatthereferralhasgenerated. Thinkaboutthis,ifyouwerepreparedtooffer50%ofallupfrontcommissions, wouldyouagreethatmanypartnershippossibilitiescouldresult? 50%isverygenerousandunheardofbutitwillserveasanexample. ThiswouldbeespeciallyappealingtoRealEstatesalespeoplefightingfor marketshare.Ifthereferralleadstheygiveyouresultin23loanspermonth, andyoupaidthem50%/50%ofupfrontcommission,theycouldearnanextra $2,000to$3,000permonthbysimplypassingontheleadsandopportunities toyouandyoudoallthework! DoIneedanABN(AustralianBusinessNumber)andpayGST? Yes!YouwillbepaidyourcommissionswithGST.Youareacontractor/ serviceproviderandthereforeattractGST.Everything(businessrelated)that youpayGSToncanbecreditedagainsttheGSTyougetpaid.NBGSTisnot compulsoryuntilyougenerate$75,000p.a.income Whattypeofloansdobrokersdo? Brokerscanspecialiseinareassuchas: ResidentialLoans ReverseMortgages/EquityRelease EquipmentLeasing ChattelFinance CarandPersonalLoans BusinessLoans
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DebtorFinance CommercialPropertyFinance

Manybrokersaregainingadditionalskillsandqualificationstoexpandtheir clientservicesintoareassuchasgeneralinsuranceandfinancialplanning. HowcanIwriteloanswithdifferentLenders? Abrokerhastoobtainaccreditationwithlendersinordertoselltheir product/s.Mostbrokerswillbecomeaccreditedwithanumberoflenders calledapaneloflenders.Brokersareonlyabletosellproductsfromlenders ontheirpanel.Therequirementsforaccreditationvaryfromlendertolender, astoodoesthesizeofeachbroker'spanel.Somelendershaveminimum volumeloanrequirementsinordertoachieveandmaintainaccreditation. WhatareAggregators&FranchiseGroups? Manybrokersjoinanaggregatororfranchisegrouptoaccessthegroup'swide paneloflenders.Thesegroupsprovidemanyadditionalservicestobrokers suchassoftwareandtechnology,training,generalbusinesssupportandback officeadministration. HowdoIobtainLenderAccreditation? Abroker/brokeragehastoobtainaccreditationwithlendersinordertosell theirproduct/s.Mostbrokerswillbecomeaccreditedwithanumberoflenders calledapaneloflenders.Brokersareonlyabletosellproductsfromlenders ontheirpanel.Therequirementsforaccreditationvaryfromlendertolender, astoodoesthesizeofeachbroker'spanel.Somelendershaveminimum volumeloanrequirementsinordertoachieveandmaintainaccreditation. WhatisProfessionalIndemnityInsurance? Likemanyotherbusinesses,brokersalsoneedtomaintainprofessional indemnityinsurance. ItisanASICrequirementforbrokerstobecoveredbyorpersonallyhavein place,PIInsurancefornolessthan$2millionforanyoneclaimand$2million intheaggregateandminimumRunOffcover.
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WhatisMembershipoftheCreditOmbudsman? Manybusinessesarejoininganexternaldisputeresolution(EDR)schemeas partoftheirconsumercomplaintshandingprocesses.Theindustry'sEDRisthe CreditOmbudsman(COSL). ASICrequiresbrokerstoholdmembershipofCOSL(oranotherASICapproved EDR)orbecoveredbyaCOSLmembership. WhatarethePayLevels? Brokersareremuneratedbythelenderandreceiveanupfrontcommissionand atrailingcommissionontheloanstheysettle.Itisnotstandardindustry practiceforabrokertochargeacustomerfortheirserviceduetothis arrangementalthough,thechangesrequiredbythenewCreditLegislationmay meansomebrokerswillchargeafeeandreceiveacommission.Consumers shouldbeencouragedtoensurethatabrokerprovidesthemwiththis informationbeforetheyengagehisorherservices WhatisAML/CTF? TheobligationreferredtoistheAntiMoneylaunderingandCounter TerrorismFinancingAct2006. ItistoupdateandeventuallysupersedetheFinancialTransactionReportsAct 1988thatgaverisetowhatiscurrentlythe100PointsIDcheck,suspiciousand othertransactionreporting.TheultimatepurposeistoupgradeAustralia's moneylaunderingdefensestopreventtheproceedsofcrimeandotherillegal activityenteringorbeingpassedthroughthefinancialsystem.Brokerswillbe impactedeitherdirectlybyprovidingwhatisdescribedinthe2006Actasa "designatedservice"orbyholdinganAFSLandindirectlythroughtheAML compliancerequirementsoflendersorotherprovidersof"designated services"forwhichthebrokerisanagent. Onlybusinessesthatarea"reportingentity"andthuscoveredbythe2006Act arerequiredtobelegallycompliantandwillberegulatedbyAUSTRAC. However,agentssuchasbrokersactingforprincipalsthatprovidedesignated serviceswillberequiredbytheirprincipalthroughcontracttoalsobe compliant.
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Understandingtheaccreditationprocess
1. UponyourinitialenquirywewillsendyouaRegistrationFormand InformationPackwhichwillprovideyouwithdetailsyouneedtogetthe processgoing.Uponreceiptofyourapplicationandjoiningfee,wewill sendyououtenrolmentformsforyourCertificateIVinFinanceand MortgageBroking,AntiMoneyLaunderingandCounterTerrorism FinancingAct2006(AML/CTF)course,applicationformsforNational PoliceCheck,IntroducerAccreditationandSymmetryCRMand membershipformsfortheCreditOmbudsmanServiceLimited(COSL) andFinanceBrokersAssociationofAustralia(FBAA). 2. OnceyouhavecompletedandreceivedyourCertificateIVandAML/CTF certificates,forwardtoustogetherwithallotherapplicationand membershipformsandacopyofyourresume,photoidentificationand twobusinessorcharacterreferences.WewillthenconductaCredit CheckandapplyfortheNationalPoliceCheck.Thisshouldtakeoneto twoweekstocomplete. 3. OnreceiptofaclearNationalPoliceCheckandCreditCheck,wewill applyforyourProfessionalIndemnityInsuranceandapplytoASICfor yourCreditRepresentativenumber.Wewillforwardtoyouan appointmentagreementasourCreditRepresentative.Wewillalsoapply foryourCOSLandFBAAmemberships.Thisshouldtakeapproximately4 to6weeks.
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4. Onreceip ptofyourmemberships,wew willforwar rdtoyou applicatio onsfor accreditat tionwithv variousle ndersand dtheaggregatorfor ryour completio onandret turnandw willarrang geforthelendersto ocontacty you directlyto oarrangetraininga andaccred ditation.Thisshould dtake approximatelyoneweekbut twillvaryfromlend dertolend der. provalbyt theAggreg gator,wewillsendyoutheIn ntroducer r 5. Uponapp Agreemen ntsettingoutourte ermsofen ngagemen ntincludin ngthe commissionstructu ureandar rrangeforyourSym mmetryCR RMand Inductiontraining.Allowone eday. 6. Onceyouhavecom mpletedyo ourlender raccredita ationsand dreceived dyour accreditat tionnumb bers,youw willbeelig gibletost tartwriting gloans. Thewh holeproce essdepen ndsonhow wquicklyy youcomp pleteyour traininga and returnalltheforms.Onaverage,it ttakes10weeksfro omthetim meyouenquire tothetimeyoustartwritingloans.

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Fee * es
Topro oceedtoth hetraining gandaccr reditation,thefollo owingisa listofallf fees payabl le: Certific cateIV 5.00 $695 Compl lianceCertificate(A AML/CTF) $275 5.00 Nation nalPoliceC Check $42 2.00 COSL $125 5.00 VedaC Check $22 2.00 FBAAM Membersh hip $410 0.00 PIInsu urance $715 5.00 nnualFee ACRAn e $660 0.00 SymmetrySetU UpFee $324 4.50 SymmetryFirstMonthlyF Fee $181 1.50 Trainin ng $880 0.00 Total $4,330 0.00 SignN NowDiscount $1,566 6.00 FeePa ayable $2,764 4.00

Conditio ons:

Accreditationmustbecomple etedwithin 3mont ths.After3monthsadd ditionalfees unds. mayapply.Norefu

*Allfee esareinclusi iveofGST.

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Whattodone ext

Ifyouw wouldlike etoprogresstothe enextstag ge,pleasecomplete eour Registr rationformandem mailorfax tousandwewillar rrangeas suitabletim mefor aninte erview.

Ifyouhaveanyquestions s,pleasec allusorv visitourwe ebsite:

Fax: 1300798696 Webs site:www w.becomeamortga agebroke er.com.au Email:info@ @becomeamortga agebroke er.com.au

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Registration

Name:

Address:

Phone:

Fax:

Mob:

Email:A.B.N.:A.B.N.:

Haveyoueverbeendeclaredbankrupt,orsubjecttocontrolundertheBankruptcyAct1966?YESNO Isthereanythingelseweneedtoknowasweconsideryourapplicatione.g.bankruptcy,poorcredit history,AVO,healthissues,drivingrestrictionsorcriminalconvictions.YESNO HaveyoueverhadanapplicationforthegrantorrenewalofafinancebrokerslicenceorforYESNO Registrationtoactasafinancebrokerrefused? HaveyoueverhadaLenderorIndustryAssociationdeclineorwithdrawyouraccreditation?YESNO

DECLARATIONBYAPPLICANT: I, AuthoriseBecomeAMortgageBrokerPtyLtdABN46159787149andVaultMortgage CorporationPtyLtdABN17120182765(Group)tocarryoutreferencechecksormakeany otherenquiriestheyfeelnecessaryinassessingthisapplicationforaccreditation. Iconfirm,agree,understand,acknowledge,representandwarrantthat: a)AccreditationwiththeGroupisattheabsolutediscretionoftheGroup. b)Tothebestofmyknowledgeandbelief,alltheinformationgiveninthisapplicationis trueandcorrect. Signature: // Date:
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TRAININGANDACCREDITATIONFEE BecomeAMortgageBrokerPtyLtd,ABN46159787149ofSuiteC1.08,5052LyonsRoad, DrummoyneNSW2047trainingandaccreditationprogramissubjecttothefollowingterms andconditions.Phone:1300798676Fax:1300798696 FEES Uponjoining BecomeAMortgageBrokerPtyLtdIagreetopayaonceoffdiscountedfeeof $2,764incGST.Thisfeeisforthepurposesofassessingmyapplicationandincludes completionofcompliancechecksandnationalpolicechecks,traininginCertificateIV, AML/CTFcourse,Symmetryandcompliance,arrangingaccreditationwithvariouslenders, firstyearmembershipofFinanceBrokersAssociationofAustralia(FBAA)andCredit OmbudsmanServiceLtd(COSL).ItalsoincludesthefirstyearPIInsurancepremium, AustralianCreditRepresentative(ACR)fee,Symmetrysetupfeeandthefirstmonthusage fee.Iagreeandacknowledgethatthefeecoversindividualapplicantsonlyandisnon refundableAtaxinvoicewillbeissuedtoyouuponreceiptofyourpayment.Ifurther acknowledgethatifmytrainingandaccreditationisnotcompletewithin3monthsthrough myowndelays,thatadditionalfeesmayapply. ___________________________________________________________________________ CREDITCARDPAYMENT Iauthorisethepaymentofthejoiningfeeatthetimeofmyapplication.Iauthorisethis paymenttobechargedtomycreditcardasfollows.Pleasenoteifpayingbycreditcard, VaultMortgageCorporationwillappearonyourcredit/debitcardstatement. CardType:VISAMASTERCARD CardholdersName: CardNumber: ExpDate: / Signature: Date: / / ___________________________________________________________________________ ELECTRONICFUNDSTRANSFER AccountName:BecomeAMortgageBrokerPtyLtd IfpayingviaEFTpleaseplaceyour surnameontheEFTReferenceand BSB:032020 attachthereceipttothisapplication AccountNo:282478 formwhensubmitting. Bank:Westpac Iagreeandacknowledgethetermsandconditionsoutlinedtherein. Name: Signature: Date: / /
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