Section 6 – Borrowers Acknowledgement and Authority
• Declare the information given in this form is true and correct;
• Authorise Commonwealth Bank of Australia
ABN 48 123 123 124 (‘CBA’) to discharge the
mortgage over my/our property detailed in this authority;
• Authorise CBA to hand all deeds and documents
connected with this authority to the Legal Representative
or Financial Institution (or their representative) and provide
any information or documentation they require about this
account and security(ies) in order to effect settlement;
• Acknowledge that if an Early Repayment Adjustment is
applicable, it will be calculated and charged on the day the
discharge request is processed.
• Authorise CBA to act on instructions from my/our nominee;
• Authorise CBA to vary my/our Credit Contract in accordance
with this Discharge/Refinance Authority;
• Acknowledge that, if CBA agrees to vary the Credit Contract
as set out in this authority, my/our Credit Contract will be
varied on the date of release or substitution of the Security;
• In exchange for the release of security referred to in Section
2, the Bank is to receive sufficient monies to clear/reduce
all debts.
Account name Account number
Where there is money in excess of that required to repay/reduce my/our loans, including balance of any MISA, please deposit to
the following CBA or Other Financial Institution account:
Note:
• If your Line of Credit is to be closed, please ensure all Direct Debits/Salary Credits are changed.
• If no instructions are provided, the Everyday Offset feature will no longer apply when the linked home loan is
repaid. A fee may apply to link your Complete Access account with the Everyday Offset feature to another eligible
home loan at a later date.
Other instructions/additional information
Conditions and acknowledge that my/our account is to remain open and be converted to a Smart Access Account; and
I/We have received the Transaction, Savings, and Investment Account Terms and Conditions and that my/our first
deposit to my account indicates my/our acceptance of those Terms and Conditions.
I/We require a copy of the Transaction, Saving, and Investment Account Terms and Conditions and that my/our first
deposit to my account indicates my/our acceptance of those Terms and Conditions
Section 5 – Instructions for Everyday Offset, Line of Credit and Excess Funds
Are any of the home loans being repaid in full linked to one or more Complete Access accounts with the Everyday Offset
feature?
No Yes If you selected “Yes” and would like to link another eligible home loan to your Complete Access account(s)
with the Everyday Offset feature, please provide the account number of your eligible home loan.
Loan account number
Complete if the loan being discharged is a Line of Credit and is in the name of one or more individuals (not a company,
trust, business or another non-personal entity.
Please tick (✔) appropriate box(es)
Account is to be closed; or
Section 4 – Instructions for distribution of funds
Loan account number To be paid in full Amount to be credited New limit amount
(where limit is
being reduced) Yes No if ‘no’
$ $
Where amount to be collected is being distributed to more than one account, provide details of distribution:
Loan account number To be paid in full Amount to be credited New limit amount
(where limit is
being reduced) Yes No if ‘no’
$ $
Loan account number To be paid in full Amount to be credited New limit amount
(where limit is
being reduced)
Yes No if ‘no’
$ $
Loan account number To be paid in full Amount to be credited New limit amount
(where limit is
being reduced)
Yes No if ‘no’
$ $
Note: List all Home Loans and Line of Credits to be repaid in full/reduced or balance remain as per Section 1.
Page 3 of 5000-610 300916
