Financial Management
How much notice should I give my lender before requesting a drawdown?
Ask your lender for its current drawdown checklist and processing timeframe. It may need a claim, invoices, inspection or other documents. Allow for those steps when agreeing payment arrangements, but remember that a lender's processing delay does not automatically extend the date you must pay your builder or trade. If a payment may be late, raise it early and obtain advice on your contractual obligations.
Official sources:
General information only. Requirements vary by state or territory and change over time, so check the current rules for your location.