Private Lending Cash-Back Promotion - Terms and Conditions
Promoter and application of these terms
1.1. The promoter is Assetline Investments Pty Ltd ACN 619 252 210 of Level 24, 101 Grafton Street, Bondi Junction NSW 2022 (Assetline).
1.2. These terms govern the Promotion and apply to each Borrower, each Guarantor, and the introducing broker (Broker).
1.3. Participation in the Promotion is conditional on compliance with these terms and Assetline’s credit and settlement requirements.
Definitions
In these terms:
Application means an application for credit received and acknowledged by Assetline.
Borrower means the borrower(s) named in the loan documents.
Broker means the broker recorded by Assetline as the introducer for the Application.
Cash‑Back Benefit means the total promotional benefit up to $2,200 comprised of:
Borrower Credit: $1,100 applied as a credit against establishment fee at settlement; and
Broker Incentive: $1,100 payable to the Broker (if eligible).
Promotion Period means 1st April 2026 to 30th June 2026 (inclusive).
Eligible Loan means a loan that Assetline approves and which settles in accordance with clause 4.
Offer is discretionary
3.1. The Promotion is offered at Assetline’s absolute discretion and may be refused for any reason.
3.2. Assetline may impose additional conditions, including requiring specific wording in the application/approval and settlement instructions.
Eligibility (must satisfy all)
The Promotion applies only if:
4.1. Assetline receives the Application during the Promotion Period; and
4.2. Assetline approves the Application and the Eligible Loan settles; and
4.3. Settlement occurs within [30] days of Application (or such other period Assetline specifies in writing); and
4.4. The Borrower and Broker are not in breach of any obligation to Assetline (including any unpaid fees or disputes); and
4.5. The Application is not a resubmission of an earlier withdrawn/declined application unless Assetline agrees in writing.
How the Cash‑Back Benefit is provided (no cash)
5.1. Settlement only: No entitlement arises unless and until settlement occurs.
5.2. Borrower Credit mechanics: If eligible, Assetline will apply the Borrower Credit ($1,100) as a line‑item credit against the establishment fee on the settlement statement.
5.3. The Borrower Credit is not a promise to reduce, refund or waive any other fees or charges. All fees remain payable under the loan documents, subject only to the settlement adjustment in clause 5.2.
5.4. No cash / no post‑settlement rebate: The Borrower Credit is not payable in cash, by EFT after settlement, or by any other method.
Broker Incentive (strict conditions)
6.1. If eligible, Assetline may pay the Broker Incentive ($1,100) only to the Broker recorded in Assetline’s system as introducer at the time of settlement.
6.2. Payment is conditional on:
a valid tax invoice addressed to Assetline for the Broker Incentive;
the Broker providing ABN, GST status and payment details; and
no dispute about introducer status or entitlement.
6.3. If there is any dispute (including between brokers), Assetline may withhold payment until resolved to Assetline’s satisfaction, or refuse payment entirely.
6.4. The Broker has no entitlement to the Broker Incentive unless Assetline confirms eligibility in writing.
7 . Clawback / reversal (leakage control)
7.1. Assetline may reverse or recover (as a secured debt) any Cash‑Back Benefit if:
any information provided in connection with the Application is false, misleading or incomplete;
the Borrower, Guarantor or Broker engages in misleading, deceptive, fraudulent or unlawful conduct in connection with the Promotion or the loan;
settlement is rescinded, unwound, or set aside; or
Assetline is required by law or a regulator to reverse the benefit.
7.2. If reversed, the Borrower must pay Assetline the reversed amount on demand and Assetline may add it to the payout figure or debit it as an amount owing under the loan (to the extent permitted by the loan documents).
7.3. If the Broker Incentive has been paid and clause 7.1 applies, the Broker must repay it on demand as a liquidated debt.
Exclusions (no stacking)
8.1. The Promotion is not available:
with any other Assetline offer, promotion, rebate or benefit unless Assetline agrees in writing;
for internal/refinance/restructure transactions where the credit decision is not a genuine new approval;
where the Application is withdrawn or does not proceed to settlement.
No representations / no reliance
9.1. Except as required by law, Assetline makes no representations or warranties about the Promotion.
9.2. Borrowers and Brokers must rely only on written communications issued by Assetline. Verbal statements by any broker or third party are not binding on Assetline.
Tax and GST
10.1. Each party is responsible for its own tax position (including income tax and GST) arising from the Promotion.
10.2. If GST applies to the Broker Incentive, the invoice must comply with GST law requirements.
Variation, suspension, termination
11.1. Assetline may vary, suspend, terminate or withdraw the Promotion at any time and without notice.
11.2. Assetline may reject, cancel or reverse any benefit where it has reasonable grounds to believe conduct is misleading, deceptive, fraudulent or unlawful.
Relationship to loan documents
These terms do not amend, override or form part of any loan, security or guarantee documents. In the event of inconsistency, the loan documents prevail.
General
13.1. Assetline may disqualify any participant who tampers with the Promotion process or does not comply with these terms.
13.2. Failure to enforce a right is not a waiver.
13.3. If any provision is invalid or unenforceable, the remainder continues.
13.4. Governing law: New South Wales. Exclusive jurisdiction: NSW courts.
