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TFS Release Notes
TFS Release Notes
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Rental Rules
When “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided.
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We have been working directly with Macquarie enabling us to support their new web submission service.


Info

See this article for detailed information on submitting to Macquarie.


To use the new service you will need to do enter the following .

Add the new external system credentials

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In changes in TFS Administration;

  • Select Security / User.
  • Click on the User Group of the user whose credentials you are going to add.
  • Click on the relevant user.
  • Click on Edit.
  • Click on External Systems,
  • Select New.
  • Select Maclease - Macquarie Apigee Online Application System.
  • Enter the User Name  for the Macquarie Apigee system
  • Enter the Password for the Macquarie Apigee system
    • Click Ok.

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    TFS Admin - Macquarie Apigee Settings
    TFS Admin - Macquarie Apigee Settings
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    Supported Applicant/Application Types

    The following types of applicants and application types are supported through the Macquarie Apigee system.

    Note

    The finance types that are not available are a limitation of the Macquarie system that only accepts electronic submission of their most common application types.


    Novated Lease Rules

    AreaRule
    Company applicantNot supported
    Trust applicantNot supported
    Individual guarantorNot supported
    Company GuarantorNot supported
    Marital statusMandatory
    Number of dependentsMandatory
    Landlord nameMust be provided when “residential_status” is  RENTING
    Landlord phoneMust be provided when “residential_status” is  RENTING
    Previous addressMandatory if the individual has been residing at the current residential for less than two years
    Employer ABNMandatory
    AssetsWhen “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided.
    AreaRule
    Company applicantNot supported
    Trust applicantNot supported
    Company GuarantorNot supported
    Individual guarantorNot supported
    Landlord nameMust be provided when “residential_status” is  RENTING
    Landlord phoneMust be provided when “residential_status” is  RENTING
    Previous addressMandatory if the individual has been residing at the current residential for less than two years
    Assets
    Applicant Type

    Supports
    ChattelSSA

    		Supports RentalsSupports Novated LeasesNOTES
    Individual applicantsYYNot Available Y

    Mandatory for finance _type “CONSUMER_LOAN” and “NOVATED_LEASE” type Novated Lease and optional for “finance_type” “CHATTEL_MORTGAGE”finance type SSA. Can be used for co-applicant or co-borrower spouse as well.

    Maximum 2 individual applicants for each application. 

    For CHATTEL_MORTGAGE” SSA when the applicant is of the type “individual_applicant” individual applican” only 1 individual applicant is allowed for the application

    Company applicantYNNot Available NOnly applicable when “finance_type” = “CHATTEL_MORTGAGE”.finance type is SSA
    Trust applicantYNNot Available NOnly applicable when “finance_type” = “CHATTEL_MORTGAGE”.finance type is SSA
    PartnershipYNNOnly applicable when “finance_type” = “CHATTEL_MORTGAGE”.

    Maclese Rules

    It supports the following types of applications

    • Chattel mortgage
    • Novated Lease
    • Rental
    Note

    While the Maclease Apigee system supports Consumer Loans at this point you cannot submit them from The Finance Shop.

    Note

    Specific Security Agreements - Maclease still refers to these as Chattel Mortgage.

    Chattel Mortgage Rules

    AreaRuleContract TypeMust be one of the following values.
    • STANDARD
    • CREDIT LIMIT
    • MASTER AGREEMENT
    • MASTER DRAWDOWNIndividual applicantWhen applicant is of the type “individual_applicant” only 1 individual applicant is allowed for the application.Company applicantOnly applicable when “finance_type” = “CHATTEL_MORTGAGE”.Trust applicantOnly applicable when “finance_type” = “CHATTEL_MORTGAGE”.Individual guarantorNot applicable for if “individual_applicant_type” = “INDIVIDUAL” and “sole_trader” = true.Company GuarantorOnly applicable for “CHATTEL_MORTGAGE” finance type.Partnership GuarantorOnly applicable for “CHATTEL_MORTGAGE” finance type.Marital statusMandatory when an individual applicant.Number of dependentsMandatory when an individual applicant.Accountant firm nameMandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request.Accountant contact phoneMandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request.Accountant contact nameMandatory when “finance_type” =“CHATTEL_MORTGAGE” and “individual_applicant”, “individidual_trustee” or “individual_partner” element is sent in request.Landlord nameMust be provided when “residential_status” is  RENTINGLandlord phoneMust be provided when “residential_status” is  RENTINGPrevious addressMandatory if the individual has been residing at the current residential for less than two yearsEmployer ABNThe ABN of the company the individual works at. Must be provided when the “finance_type” is “CHATTEL_MORTGAGE” and sole_trader value is “YES”Business activityBusiness activity of the company where the sole trader is working in a personal capacity. Must be provided when the “finance_type” is“CHATTEL_MORTGAGE” and sole_trader value is “YES”Previous employerNeed to be provided if the individual has been with the current employer for less than 2 years.AssetsWhen “residential_status” value for an “individual_applicant” mortgaged/buying a “HOME_PROPERTY” type must be provided.
    Not Available NOnly applicable when finance type is SSA