Compliance
Notices
Compliance → Notices holds the formal notices issued to beneficiaries: what was issued, to whom, when, and on what basis. Notices are the evidentiary spine of the scheme. If a contract eventually goes to default or repossession, the notice history is what shows the beneficiary was told, at each stage, what was happening and what they could do about it.Contract default state
Compliance → Contract Default State shows where each contract sits against the scheme’s default criteria. It is a state, not a status: a contract can be approaching default, at default threshold, or formally defaulted, and each stage has different obligations. Use it to:- find contracts about to cross a threshold, while intervention is still possible;
- confirm that every formally defaulted contract has the notice history to support it;
- reconcile the population of defaulted contracts against the at-risk list.
Compliance jobs
Compliance → Compliance Jobs shows the runs that evaluate contracts against the criteria and update their default state. Each run reports what it examined and what it changed. If a contract’s default state looks stale, check whether the job has run for the period before assuming the contract data is wrong.Ownership
Progress
Ownership → Progress tracks how far each beneficiary is toward owning their unit: principal paid to date against the original net loan, remaining balance, and position against schedule. This is the number beneficiaries care about most, and the one they most often ask about. It is worth being able to explain it precisely: principal paid — not total paid — is what moves ownership, because interest, fees and escrow do not reduce the purchase balance.Certificates
Ownership → Certificates holds the certificates issued when a contract completes.1
Confirm the contract is complete
Net loan balance zero, all instalments settled, no outstanding fees.
2
Confirm compliance
No open notices or unresolved default state.
3
Issue the certificate
Generated from the contract’s data, so names, unit identifiers and dates come from the record
rather than being retyped.
4
Set the contract to Completed
The lease status moves to Completed — the TPS end state. See the
full lease-status reference.
5
Retain the evidence
The certificate, the final statement and the notice history together are the record of a
completed transfer.
Default and repossession
Where a contract cannot be recovered, the path runs default → repossession, with each step evidenced by the notice history and the recorded default state. The legal register is where matters, hearings, parties and costs are tracked once repossession moves into proceedings.Reviewing the scheme
1
Reconcile ownership progress to the ledger
Total principal repaid across contracts should agree with the accounting position.
2
Check every defaulted contract has notices
A default without its notice trail is unsupportable.
3
Check completed contracts have certificates
A contract marked Completed with no certificate issued is an incomplete transfer.
4
Check compliance jobs ran
Stale default states are the most common cause of a scheme report that does not match reality.