Rent-Splitting Payment Platform
A platform that helps renters split rent payments. Tenants sign up, link their bank accounts, and we automatically split rent according to their preferences and send it to the landlord on the due date.
Key inputs provided:
Modify Before Launch
This platform has manageable risks that should be addressed before going live.
Decision confidence
High confidence based on your inputs
Assumptions used in this decision
- •Funds are held only for immediate transfer, not invested
- •No pooling or collective investment structure
- •Where you selected "unsure", we assumed the higher-risk scenario
- •Analysis based on current Australian law (Corporations Act 2001, AML/CTF Act, Privacy Act 1988, ACL)
- •This assessment is point-in-time only — regulations change frequently
If any of these change, your launch status may change. Re-check your clearance if your platform model shifts.
What to do next
Priority order — start at the top
Clarify in your Terms & Conditions that you're a service provider, not a landlord, agent, or credit provider
Add prominent subscription fee disclosure with clear cancellation process
Publish a Privacy Policy complying with APPs 1-13, covering bank data collection and security
Include a disclaimer that users remain individually liable for their rent obligations
Ensure rent is transferred immediately — no holding, investing, or earning interest on user funds
Do not cover missed payments or provide credit to users under any circumstances
Use a licensed payment processor that handles AML/CTF obligations on your behalf
Growth Readiness
This reflects how payment providers and early investors typically view platforms like yours.
See how your platform compares
Get your launch status now