BMW Z4 Managing your agreement



Below are a selection of the most frequently asked questions, which may help with any queries
you may have about your finance agreement. If you can’t find the answer to your query, or would like further information, please contact Customer Services at BMW Financial Services.



We agreed with ASIC, the Australian regulatory body, that we would undertake a Remediation Program due to its concerns that our conduct in connection with responsible lending may have caused some customers financial hardship.

This program has been agreed with ASIC and is being overseen by an independent expert.

The Remediation Program is available to all BMW Australia Finance customers who entered into a consumer finance contract from 1 January 2011 to 31 August 2016.

General registration to participate in the Program closed on 31 December 2017. 

General registration to participate in the Remediation Program closed on 31 December 2017. If you have received or do receive correspondence from BMW Australia Finance in relation to registration it will include a date by which to respond.


BMW Australia Finance customers who have any further questions, can contact us via:


Phone: 1800 448 225

Post: PO Box 742, Mulgrave, Victoria 3170


The BMW Australia Finance Remediation Program is designed to compensate customers who have suffered financial hardship as a result of our lending practices. If you register with the program we will:

  • Contact you to discuss your personal situation
  • Assess any hardship you may have suffered as a result of our lending practices
  • Offer you a fair compensation amount

If you disagree with the outcome of our Remediation Program you have the option to raise your concerns with the Credit and Investment Ombudsman at:

We may ask you a few questions regarding your financial situation and may request supporting documentation to substantiate your claim. This will assist us to assess the actual hardship you have suffered. Generally, we will ask for documents including, but not limited to, the following:

  • Bank / Financial Statement(s) from other financial institutions
  • Anything else you believe will support and substantiate your hardship claim

When you reject an offer we have made to you, it may take up to 6 to 8 weeks to be assigned a case reviewer who will then conduct a manual assessment of your financial circumstances*.

*A manual assessment is an in depth end-to-end review of your financial circumstances. The time taken to complete an assessment depends on a variety of factors such as the volume and complexity of documentation the case reviewer has to consider.

If you are dissatisfied or would like us to take a closer look at your case or have another matter that you would like us to address, please contact:

Our Internal Dispute Resolutions Department:

Phone: (03) 9264 4492

Between the hours of 08:00 and 17:00 AEDT Monday to Friday (excluding public holidays)


External Dispute Resolutions - Credit and Investments Ombudsman (CIO):


Phone: 1800 138 422


Post: Reply Paid 252, South Sydney NSW 1234

Yes, you can request to be deregistered from the BMW Australia Finance Remediation Program. Please contact us via phone to discuss deregistration requirements.

Yes, we understand some customers may change their mind and now wish to be part of the BMW Australia Finance Remediation Program. Please contact us via phone to request registration to the Program.

Unfortunately, BMW Australia Finance does not accept digitally-signed documentation. 

A customer may sign a Third Party Authority (TPA) form to grant authority to a third party to accept and receive information from us in respect of the customer’s account. This form can be sent directly to either the customer or the proposed third party to be granted authority

*We encourage those who are an Executor of a Deceased Estate to contact us via phone to discuss loan disclosure requirements.

All borrowers under the loan must sign the Third Party Authority form in the presence of an adult, who also signs the form to signify he or she witnessed the signing.

The NAR is your formal written acceptance of our financial compensation offer made to you. It contains a covenant not to sue us. It is also instructs us how to deposit the funds into your nominated bank account. You must accept each clause of the NAR and return the signed, witnessed document in order for your remediation payment to be processed.

If you do not have a current loan contract with BMW Australia Finance, the funds will be deposited directly into your nominated bank account as instructed by you in the Notice of Acceptance and Release. If you have a current loan contract with us or owe us money, we will credit the funds to your contract or otherwise apply it to reduce the amount owed. Any excess will be deposited into your nominated bank account.

Unfortunately, where you have a current loan contract with BMW Australia Finance, the remediation amount must first be credited to your existing loan account. This approach has been agreed with ASIC. BMW Australia Finance is committed to putting our customers first to deliver the best possible service.