Mortgage Purchase Agreement Template for Australia

1. Bulk Transfer Provisions: Required when multiple mortgages are being transferred in a portfolio sale

2. Security Trust Provisions: Needed when the mortgages are held in a security trust structure

3. Regulatory Compliance: Detailed section required for regulated mortgage assets or when either party is an ADI

4. Third Party Consents: Required when specific third-party approvals are needed for the transfer

5. Transitional Services: Needed when the Seller will provide ongoing services during a transition period

6. Data Protection: Enhanced provisions required when dealing with significant personal data transfers

7. Foreign Investment Provisions: Required when the Purchaser is a foreign entity requiring FIRB approval

8. Electronic Settlement: Required when settlement will occur through an electronic platform

1. Schedule 1 - Mortgage Details: Detailed list of mortgages being purchased, including loan numbers, borrower details, and outstanding amounts

2. Schedule 2 - Purchase Price Calculation: Formula and methodology for calculating the final purchase price, including any adjustments

3. Schedule 3 - Completion Documents: List of documents required for completion of the transfer

4. Schedule 4 - Form of Transfer: Template transfer documents required for registration

5. Schedule 5 - Seller's Power of Attorney: Power of attorney provisions for post-completion actions

6. Appendix A - Due Diligence Results: Summary of due diligence findings and any identified issues

7. Appendix B - Existing Security Documentation: List of security documents relating to the mortgages

8. Appendix C - Notice to Borrowers: Template notification to be sent to mortgage borrowers regarding the transfer