- Subject to these terms and conditions (“Offer Terms”), the cashback offer (“Offer”) is available to Eligible Applicants who take out an Eligible Loan.
- The Offer is provided by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317 (“Great Southern Bank”).
- Participation in the Offer is automatic for Eligible Applicants who take out an Eligible Loan. Participation in the Offer constitutes acceptance of these Offer Terms.
- Offer Period means 9.30am on 1 September 2026 to 4.00pm on 1 February 2027.
- Eligible Applicant means an individual who is an Australian resident aged 18 or over. Where there are joint borrowers, each borrower must be an Eligible Applicant.
- Eligible Loan means one or more loans that are:
a) a refinance of an existing home loan from another financial institution to Great Southern Bank or
b) an investment property loan;with:
c) a minimum total lending amount of at least $400,000;
d) a loan to value ratio of 90% or less;and that are:
e) applied for during the Offer Period by an Eligible Applicant; and
f) approved by Great Southern Bank; and
g) funded on or before 30 June 2027. - This Offer is only available for applications submitted directly to Great Southern Bank and is not available for applications submitted through a broker or other third party.
- This Offer is not available for:
a. home guarantee scheme loans;
b. internal refinances;
c. top ups;
d. further advances;
e. business loans;
f. equity lines of credit;
g. bridging loans;
h. switching of any existing Great Southern Bank home loans. - The Offer cashback payment amount (“Cashback Payment”) is:
a) $2,000 if the lending amount of the Eligible Loan is between $400,000 and $699,999; or
b) $3,000 if the lending amount of the Eligible Loan is $700,000 or more. - The Cashback Payment will be deposited into a Great Southern Bank transaction account within 90 calendar days of the settlement date (Settlement Date) of the Eligible Loan. The Cashback Payment will not be paid to a home loan account or any other account type.
- The borrower/s must hold a Great Southern Bank transaction account in the name of the borrower/s on the Settlement Date and for a minimum of 90 calendar days afterwards. For joint borrowers, the account may be held jointly or in the name of either borrower. Great Southern Bank may pay the Cashback Payment into a Great Southern Bank transaction account held in the name of either the primary or secondary borrower. Where there is more than one borrower, payment of the Cashback Payment into an eligible Great Southern Bank transaction account held by either borrower will satisfy Great Southern Bank's obligation to pay the Cashback Payment. If you have multiple eligible Great Southern Bank transaction accounts, Great Southern Bank will determine which account will receive the Cashback Payment.
- For Eligible Loans with multiple borrowers, only one Cashback Payment will be paid.
- Once an Eligible Loan application is approved by Great Southern Bank, the borrower/s will not be eligible for a Cashback Payment in connection with any other loan application made during the 12 month period following the date that the Eligible Loan is approved.
- This Offer cannot be assigned or transferred by you.
- The borrower/s are responsible for any taxation liability that arises in relation to their participation in the Offer and any associated taxation implications. The borrower/s should seek their own independent advice in this regard.
- Great Southern Bank may reject, cancel or reverse a Cashback Payment if it has reasonable grounds to believe that a person has:
a) engaged in fraudulent or illegal conduct in connection with the Offer, an Eligible Loan application or any other dealings with Great Southern Bank; or
b) acted in a way that is inconsistent with these Offer Terms. - Great Southern Bank may also reverse or recover a Cashback Payment that is paid in error or where the recipient was not entitled to receive it under these Offer Terms.
- This Offer is not available in conjunction with any other Great Southern Bank offer.
- For clarity, any establishment fee waiver offers will not apply to Eligible Loans that receive the Cashback Payment.
- Fees and charges apply to loan products taken out in connection with this Offer. Refer to the Great Southern Bank Lending Schedule of Fees for details.
- Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.
- These Offer Terms are separate to the terms and conditions of any Great Southern Bank loan products obtained in connection with this Offer.
- These Offer Terms are separate to the terms and conditions of your Eligible Loan and do not form part of the credit contract for any Great Southern Bank loan products obtained in connection with this Offer.
- To the extent of any inconsistency between these Offer Terms and the terms and conditions of Great Southern Bank loan products, the terms and conditions of the Great Southern Bank loan products prevail.
- Great Southern Bank reserves the right to, at any time, withdraw or extend the Offer or otherwise vary these Offer Terms. Any withdrawal or variation will not adversely affect an Eligible Applicant who applied for an Eligible Loan before the withdrawal or variation takes effect. If you are not satisfied with any change or variation that Great Southern Bank makes to the Offer or these Offer Terms you can terminate your participation at any time by providing notice to Great Southern Bank.