Document ID: chunk:federal_register_of_legislation:F2024C00882:schedule:5:p6
Version: federal_register_of_legislation:F2024C00882
Segment Type: schedule
Provision Reference: sch 5 (pt 6/6)
Character Range: 529734–531394

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 if not applicable.
 16A Omit the reference to valuation fees if:
 (a) a credit provider charges a valuation fee in all cases; and
 (b) the amount of the valuation fee is included in the amount for establishment fees mentioned in the Key Fact Sheet.
 17 Only include if break fees are payable on the loan.
 18 Omit this section if:
 (a) the interest rate will be fixed for the entire term of the loan; or
 (b) the loan is a variable rate loan for which a fixed interest rate component is not available after the initial fixed rate period expires.
 19 Only one of these paragraphs is required. Omit the paragraph that does not apply to the loan this Key Facts Sheet relates to.

Assumptions
2.2  The tolerances and assumptions under section 180 of the Code apply to the calculation of any amounts in this Key Facts Sheet.

Publication online
2.3  If a Key Facts Sheet is published online, links must be provided to the websites mentioned in the Key Facts Sheet.

Adopting the Key Facts Sheet for non‑prescribed purposes
2.4  A lender may produce a Key Facts Sheet for home loans if Part 3‑2A of the Credit Act does not require the lender to provide a Key Facts Sheet. A lender that provides such a Key Facts Sheet must, to a reasonable extent, comply with the requirements for producing the Key Facts Sheet, but must omit any reference to the production of the Key Facts Sheet being an Australian Government requirement.