Document ID: chunk:federal_register_of_legislation:F2024C00882:schedule:5:p5
Version: federal_register_of_legislation:F2024C00882
Segment Type: schedule
Provision Reference: sch 5 (pt 5/6)
Character Range: 527534–529975

be calculated in accordance with the formula in subregulation 100(3) but using the designated amounts provided by the consumer under sections 133AC and 133AD of the Act. This rate includes each fee or charge (if any) payable by the debtor at the time each repayment is made, being a credit fee or charge (other than a government fee, charge or duty) that is ascertainable when the comparison rate is disclosed (whether or not the credit fee or charge is payable if the credit is not provided). The tolerances in subregulations 100(4), (5) and (6) also apply to this rate.
 7 This is the sum of the principal and all interest and fees certain to be payable over the life of the home loan. The fees include each fee or charge (if any) payable by the debtor at the time each repayment is made, being a credit fee or charge (other than a government fee, charge or duty) that is ascertainable when the comparison rate is disclosed (whether or not the credit fee or charge is payable if the credit is not provided).
 8 This is the total amount to be paid back, divided by the loan amount, expressed as a dollar amount for every dollar borrowed.
 9 These are the fees and charges, paid to the lender on the commencement of the loan, used for the purpose of calculating the Personalised Comparison Rate.
 10 If the home loan is a variable rate loan or a fixed rate loan with a term that expires at the end of the fixed rate period, only the first 2 sections ('Repayment per month (including ongoing fees)' and 'Repayment per year (including ongoing fees)') are required. If the home loan is any other type of standard home loan, the remaining sections are required.
 11 This is any fee paid each month to the lender on a regular and ongoing basis.
 12 This is any fee paid each year to the lender on a regular and ongoing basis. It does not include the monthly ongoing fee in note 11.
 13 This is the sum of amounts payable per month on the home loan and any fees paid to the lender that are charged in that month.
 14 This is the sum of the amounts payable per year on the home loan and any fees paid to the lender that are charged during the year.
 15 This is the length of the fixed rate period for fixed loans, the length of the discount rate period for introductory rate loans, and the length of the period before the discounted rate applies for discounting rate loans.
 16 The reference to the lender's branches in this sentence may be removed