Macquarie Mortgage Discharge Authority: Form and Steps

A Macquarie home loan discharge starts with the bank’s Discharge Authority, signed by every borrower and guarantor, followed by settlement and release of the mortgage. As at October 2026, a full discharge and a partial release use different submission channels. Identify the properties being released before you lodge the request.

For other lenders, use the mortgage discharge guides.

Start the Correct Macquarie Request

Download the Macquarie Discharge Authority form and decide whether the facility will close or stay open. The current form is dated April 2026, checked in October 2026.

A sale, refinance or repayment in full can require a full discharge. A partial discharge releases property while keeping the facility open. Match the borrower and guarantor names to the loan records, then identify every loan account and security property.

For example, two loan splits secured by one property belong to a different release request from two properties securing one facility. In the second case, selling one property can leave the other property securing the remaining debt. Record which property must leave the security arrangement and which accounts will remain.

Macquarie’s partial discharge instructions, checked in October 2026, require a credit assessment. The bank determines the required debt reduction and can require full net sale proceeds. Allow for this approval before treating the sale proceeds as money available to the client.

Complete and Lodge the Authority

Complete the Macquarie Bank discharge authority from the loan and settlement records, then obtain every required signature. As at October 2026, Macquarie requires wet-ink signatures from all borrowers and guarantors and rejects electronic signatures.

1. Select the reason for discharge. For a refinance, enter the incoming lender’s name.
2. Enter the loan account numbers and borrower details. Add any guarantors and a contact number.
3. List every security property. Mark the properties to be discharged and select full or partial discharge.
4. For a partial release, identify accounts to close or reduce and enter the proposed new limits.
5. Enter the representative and forwarding details. For a refinance, the form identifies the incoming lender as the representative.
6. Print the form and collect dated wet-ink signatures. Use additional forms if more than two borrowers or guarantors need to sign.

Scan the signed authority. Macquarie’s full discharge instructions, checked in October 2026, direct full requests to clientservices@mortgageinfo.com.au. Use one authority for multiple accounts in the same facility.

For a partial discharge, the dedicated instructions direct requests to mortgagevariations@macquarie.com. Include the sale price, estimated remaining-property values and any changes to loan purpose or financial circumstances. Supply the proposed balances, limits and offset links too.

Retain the sent form and bank acknowledgement in the client file. Record any missing information and the person responsible for supplying it. An email sent successfully proves submission, while the bank’s response establishes whether the request can proceed.

For a partial release, Macquarie issues a Variation Acceptance after formal approval. It must be signed and returned to the bank’s solicitors before the representative books settlement.

Explain the Macquarie Discharge Fee

Macquarie’s Home Loans Product Guide, issued August 2026 and checked in October 2026, lists a $400 mortgage discharge fee in Australian dollars. It applies to the Basic home loan and Offset home loan package when a full mortgage discharge is requested, with third-party fees additional.

The published trigger is a full discharge of a mortgage. The guide does not describe the charge as a fee for each loan split or a flat fee for every settlement. Match the fee to the client’s facility terms and the mortgage being released before quoting the total, especially where several properties secure the debt.

Separate these amounts in the client’s estimate.

Cost	What to record
Mortgage discharge fee	The bank’s applicable fee and the mortgage release it covers
Loan balance and accrued interest	Debt and interest included in the dated payout
Fixed-rate break costs	Any amount for ending a fixed-rate arrangement early
Registration and settlement charges	Relevant external charges for the release and settlement
Client’s professional fees	Charges from the client’s solicitor or conveyancer

Use separate columns for the amount, who charges it and whether it is already included in the payout. This prevents adding the same fee twice. Keep partial-release charges tied to that transaction’s approved terms instead of carrying the full-discharge fee into every variation estimate.

For the wider responsibilities and costs of removing a mortgage, use the discharge of mortgage guide.

Keep the Payout Current

Match the Macquarie payout to the booked discharge date and replace it when settlement changes require a new figure. As at October 2026, Macquarie says the final figure is calculated two days before discharge for variable accounts and one day before for fixed accounts. Its payout instructions explain the account differences.

The bank-state-branch (BSB) number identifies the applicable treatment. For numbers starting 182, the calculation includes loan balances, accrued interest and the discharge fee, plus fixed-rate break costs where applicable. For numbers starting 183, it uses balances net of offsets and also includes uncleared payments for later return.

Deposits received after the calculation do not reduce that payout. Macquarie returns those funds after discharge. Record the figure’s date and included adjustments so the client can distinguish settlement funds from later refunds.

For a sale, follow up through the client’s representative. For a refinance, the incoming lender coordinates the discharge booking. For repayment without a sale or refinance, LegalStream supplies the payout and payment instructions.

If settlement moves or the request is cancelled, the representative must contact LegalStream on 02 9223 7919. A postponed discharge can require a revised payout, and contractual repayments that fall due still need to be met. An earlier estimate cannot account for every later change in interest or settlement timing.

Retain Release Confirmation

Retain payment and settlement evidence, then confirm that the requested mortgage release is complete. As at October 2026, Macquarie says title amendments submitted on discharge day can take up to 10 business days to finalise. Loan-account closure after receipt of funds is a separate event.

Keep the following records together.

• The signed authority and any approved partial-release variation.
• The final payout used at settlement and confirmation that funds were received.
• Settlement confirmation from the incoming lender or conveyancer.
• Evidence that the intended mortgage was removed from the title, with the property identified.
• The closing statement, or the remaining account balances and limits for a partial discharge.

Download needed statements before closure removes online access. If the account is repaid but the mortgage remains on the title, ask the conveyancer to identify the outstanding registration step. Record its owner and follow-up date separately from the account balance.

For a partial discharge, compare the resulting security and account limits with the approved variation. Close the file only when the released property, remaining debt and registration evidence match the transaction you authorised.