Empower Blog Legislation

Tax Structures and Tax Avoidance | What you should know?

Hi, Ben Kingsley here with another How to Session. Today I want to talk about tax and tax structures, and potentially tax avoidance. Now tax avoidance is illegal in this country so it's important to understand what you can and can't do around tax. In the property investment industry, there are a lot of property spruikers out there, and some of the ...

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Future of Mortgage Lending in Australia : Risk Profiling and Pricing

Hi Ben Kingsley here, I just want to talk to you about what's going to be the future of mortgage lending here in Australia. Now, before we talk about the future, let's think about what happened in the past. In the past, we used to see mortgages that are like this. We had standard variable rates, and those standard variable rates were the main rates...

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SMSF Lending 101: Unlocking the Additional Equity

One of the most powerful options you can utilize if you have a Self Managed Superannuation Fund (SMSF) is to leverage and borrow into property. Unfortunately, many individuals either do not know about self-managed super funds or they simply do not understand the concept because it can seem at first to be quite complicated. However, those who take...

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Three Simple Tips to Keep a Good Credit Rating

Gaining and maintaining good credit is one of the most important things a person can do for themselves. Credit is something that is often confusing to people who are looking to start building their credit and a daily necessity to those that have an established history. Following the Global Financial Crisis (GFC), Australia is now using a system wh...

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Negotiable Terms in the Contract of Sale

There are terms that are negotiable on a Contract (Contract of Sale). Most notably, deposit, settlement date, price and sometimes there might be some subject to condition that the purchaser requires to be imported into the contract unless of course, if you're buying in an auction, you won't have the opportunity to negotiate such terms. The depos...

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Exit Fee Passed as Legislation

The legislation to ban Exit Fees has been passed into law on 23rd March, by the Federal Government. These new laws will see Exit Fees, including Deferred Establishment Fees banned from 1 July.  The new regulations are: Regulation 79A The new Regulation 79A provides that a credit fee or charge is prohibited if:  it is provided for in a credit...

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New Finance Licensing Laws

In an effort to better regulate lending in this country the Federal Government introduced new legislation known as the National Consumer Credit Protection Amendment Act 2010.  This new legislation is designed to make borrowing money safer for consumers, through the implementation of new safeguards for borrowers.  Prior to this new legislation, ea...

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