Section A: (To be completed for a loan in joint names or loan in the name(s) of Companies/Incorporated Associations only)
Section B: (Available for Home Loans and Investment Home Loans only. Complete if requesting electronic access via a
Commonwealth Bank Keycard/Credit Card.)
Section C: (Completed by joint borrowers if they wish to nominate one of them to receive notices where the loan is
regulated by the National Credit Code (the Code) - excluding loans to companies, Norfolk Island residents and loans to
individuals predominantly for investment other than in residential property.)
Section D: (Signature section must be completed by all Borrowers)
Commonwealth Bank of Australia
ABN 48 123 123 124
Australian credit licence 234945
Contract Authority and Nomination to Receive Notices
for Home Loans, Investment Home Loans, Personal
Loans and Overdrafts.
Date
Loan details
Personal Loan/Home Loan/Investment Home Loan/Overdraft Number
Insert full name(s) of each Borrower as shown on Personal Loan/Home Loan/Investment Home Loan/Overdraft
Note: Authorised Persons must be one of several Joint Personal Borrowers or a duly appointed officer of a Corporate
Borrower. Single Personal Borrowers may not complete Section A.
Section A — Method of operation
We, the abovenamed borrower(s) authorise:
• the Authorised Person(s) named below, from time to time, to agree on our behalf with the Bank to vary our Loan Contract and
to operate on our Personal Loan/Home Loan/Investment Home Loan/Overdraft account; and
• the Bank to act on instructions from:
(Please tick the relevant box to select a Method of Operation on the Personal Loan/Home Loan/Investment Home Loan/Overdraft
account. If neither box is ticked, the Method of Operation is deemed to be ‘All to Operate’).
All of the following Authorised Person(s) (All to operate); or
Any of the following Authorised Person(s) (Any to operate):
1.
Name of Authorised Person(s) (each is referred to as an Authorised Person)
Signature(s) of Authorised persons
✗
3.
Name of Authorised Person(s) (each is referred to as an Authorised Person)
Signature(s) of Authorised persons
✗
2.
Name of Authorised Person(s) (each is referred to as an Authorised Person)
Signature(s) of Authorised persons
✗
4.
Name of Authorised Person(s) (each is referred to as an Authorised Person)
Signature(s) of Authorised persons
✗
Acknowledgements and Request
We hereby request the Bank recognise and act upon this authority until the branch of the Bank where the loan account is then
conducted receives from any borrower, or person(s) above, a notice in writing of the cancellation thereof. This authority shall be
cancelled automatically upon the Bank receiving written notification of the death of any borrower person(s) above. All previous
authorities are herby cancelled.
We acknowledge that:
• the person(s) above are authorised to apply to the Bank for electronic access to our account, including the use of electronic
terminals, (when this is available), which is governed by the Bank’s `Electronic Banking General Information and Terms and
Conditions’ brochure;
• the person(s) above may, without giving prior notice to all, or any, of us, withdraw the entire amount of special repayments
under our loan’s Repayment Redraw Facility (RRF).
001-258 160319
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