CBA Commission Payments

Commonwealth Bank has announced they are decommissioning the existing process that results in the commission payments for referrals under the 'Connect referral programme' to simplify and streamline the programme.

Key Dates:

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31 October: Last date on which fulfilled referrals will still be eligible for referral commissions.

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23 November: Last connect commissions payment

CBA advise they will only be removing the commission payments and not the referral process itself. The referral programme will remain in place to allow brokers to pass referrals back as per the current process.
The agreement variation to this affect will follow shortly