Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p81
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 206038–209493

following information
    • Corporation's 7 digit account number
    • Client name (including title)
    • Account balance (x tiers)
    • Arrears/excess credits (x tiers)
    • Instalment Payment (x tiers)
    • Date of commencement of Advance (where available)
    • Last payment date
    • Interest rate or rates
    - A hard copy of the information contained on the computer tapes referred to immediately above.
    Time of Supply
    The computer tapes are to be supplied on the morning of the first business day immediately following the relevant Vesting Date. The hard copy of the information contained on the Computer Tapes to be supplied within 2 weeks of the day of supply of the said tapes.
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SCHEDULE 1—continued
SCHEDULE "C"
The Bank's lending criteria are:
(a) Income
     (i) As a general principle the amount of repayments should not exceed 25% of the gross income of the applicant or Entitled Applicant.
     (ii) Where application is being made for a Subsidised Advance together with a further loan, repayments on both advances should not exceed 25% of the gross income of the applicant or Entitled Applicant.
     (iii) The 25 per cent of gross income rule referred to in (i) and (ii) above constitutes a broad general rule only and each case must be considered on its merits, including the amount of residual income available after meeting commitments.
(b) Commitments
  Known commitments of an applicant or Entitled Applicant will be taken into consideration in determining the capacity of an applicant or Entitled Applicant to meet the repayments.
  (c) The applicant or Entitled Applicant will be generally required to meet a reasonable deposit/equity ratio. As a general guideline 10 per cent of the total cost/value of the property may be considered a reasonable deposit.
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SCHEDULE "D"
INFORMATION TO BE PROVIDED BY THE BANK ON A MONTHLY BASIS
  A. MONTHLY SUBSIDY REPORT ON SPECIFIED PORTFOLIO ASSETS AND SUBSIDISED ADVANCES (TO BE SUPPLIED BY COMPUTER TAPE)
  Particulars
  Subsidy Scheme (Commonwealth) File Number
  Account Name (full name(s) of borrowers)
  Account Number (includes Bank State Branch number)
  Account limit
  Current balance
  Interest rate                                       By tier
  Limit reduction                                     (if applicable)
  Interest accrual                                    in relation to
  Benchmark accrual                                   each Account
  Subsidy amount
  Arrears amount

SCHEDULE 1—continued

  B. MONTHLY SUBSIDY REPORT—VARIATIONS IN INTEREST ON SPECIFIED PORTFOLIO ASSETS AND BANK ADVANCES (TO BE SUPPLIED ON COMPUTER TAPE)
  Particulars
  Subsidy Scheme (Commonwealth) File Number
  Account Name (full name(s) of borrowers)
  Account Number
  Account limit                                           By tier
  Current balance                                         (if applicable)
  Interest rate                                           in relation to
  Current accrual                                         each Account
  Benchmark accrual
  Current subsidy
  Claimed subsidy
  Variation amount
  Open/Closed dates                          New Account
  Variations reason i.e.                     Repaid
                                             Adjustment

  C. SUBSIDY INVOICE—MONTHLY SUMMARY OF SUBSIDY CLAIMS (TO BE SUPPLIED ON COMPUTER TAPE AND PAPER)
    Particulars
    Total Limits
    Total Balances
    Benchmark