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LoanAustralia's products are funded and provided by ANZ Banking Group Limited (ANZ) through Permanent Custodians Limited, ACN 001 426 384. Permanent Custodians Limited acts as trustee for the funder and is operated by financial services company BNY Mellon Australia Pty Limited. As trustee, their role is to secure assets and hold these in trust on behalf of the funder. Because of this role, Permanent Custodians Limited appears on the associated loan documentation as the lender of record and mortgagee. This arrangement is typical of non-bank lenders.
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