Residential and Commercial Deposit Bonds

Deposit Bonds are a great alternative to cash deposits when you’re buying property, whether it’s residential (for you or as an investor) or commercial. They free up your cash until settlement, which can be particularly useful if you’re buying an ‘off the plan’ property which could take years to complete. Our bonds can be short-term (up to six months) or long-term (up to five years).

They’re available through:

Deposit Bond Australia

Tel: 1800 BOND 88
or (02) 9966 1044
Email: admin@deposit.com.au
Website: www.depositbondaustralia.com.au/

Deposit Assure

Tel: 1300 798 797
Email: bonds@depositassure.com.au
Website: www.depositassure.com.au

Aussie Bonds Australia

Tel: 1300 851 351
Email: bonds@aussiebonds.com.au
Website: www.aussiebonds.com.au
After hours contact:
Kerry Henry: 0498 888 333

QBE Deposit Bonds

Deposit Bonds are available to individuals, companies and trusts. They’re suitable for existing property owners looking to purchase another property, investors wishing to expand their property portfolio or first home buyers with an unconditional loan approval.
We issue Deposit Bonds to the vendor as a guarantee you’ll settle on the date of the contract. We’ll ask you to sign an indemnity; a legally binding document that gives us the right to recover the amount of the bond from you if you default under the contract at settlement.
The Deposit Bond is a legal document and is available Australia-wide. We’re a leading provider of Deposit Bonds in Australia and have high credibility and creditworthiness. The vast majority of vendors will accept our bonds.
The vendor can claim the amount specified on the bond up to the value (10% of the property). Once we settle the claim, the indemnity will give us the right to recover this amount from you, once the demand has been paid.
We’re obliged to pay the vendor or bond holder the amount of the deposit within a set period after the demand has been made and in accordance with the conditions of the bond. This is a requirement even if a dispute arises between you and the vendor.
The bond will terminate on the expiry date or when the contract of sale is completed, terminated or rescinded. If you fail to complete the purchase and the vendor demands payment from us, the bond will terminate once the claim has been paid in full.

Probate/Transfer Indemnity Bonds

Probate Bonds (also known as Transfer Indemnity Bonds) can help you take control of your inheritance. When a person dies, their executor (usually a family member) has to apply for, and receive, a grant of probate before they can execute the will. Even if they apply immediately, this process can take some time.

If you’ve been left assets, such as shares in a public company, cash at a bank or a return of an accommodation bond, you may want to gain control of the assets quickly instead of waiting for probate to be granted. Transfer Indemnity Bonds provide a solution by acting as a guarantee the will is valid. With this guarantee in place, the company can release your assets knowing they won’t be held accountable if the will is contested at a later date.

Our Transfer Indemnity Bonds are quick and easy to arrange and are accepted by the majority of public companies in Australia. They’re also endorsed by the securities industry's peak body, the Securities Registrars Association of Australia Inc.

They’re available through:

Australian Probate Bonds
Tel: (07) 3350 4225 (Andrew Lee)
Email: andrew@austprobate.com

QBE Transfer Indemnity Bonds

Companies require certainty the shareholder’s ‘Last Will and Testament’ is valid. By insisting a Grant of Probate or Transfer Indemnity Bond is produced, they avoid the risk of later being exposed to demands by other parties claiming they hold a more valid claim on the assets and the shareholder’s will shouldn’t have been recognised.
It’s an unconditional guarantee issued by QBE. This guarantee allows the shareholding, cash at bank or accommodation bond to be transferred without the need to obtain a Grant of Probate or a Letter of Administration.
It’s quick and easy and can save a significant amount of time compared to waiting for a Grant of Probate – the cost compares favourably too. It can be done with or without the help of a solicitor. Transfer Indemnity Bonds are widely recognised as a valid alternative by the vast majority of Australia’s publicly listed companies and they’re endorsed by the securities industry’s peak body, the Securities Registrars Association of Australia Inc.