BLB News
MORTGAGE BROKER RULED TO BE AN AGENT OF THE LENDER, NOT THE BORROWER
30/11/2009
A recent decision of the New South Wales Supreme Court has held that the mortgage broker who arranged loans for borrowers was an agent of the lender and in the circumstances of these cases the mortgages were unjust and the loan agreement and mortgage void in whole.MORTGAGE BROKERS – CREDIT PROVIDERS: ARE YOU READY FOR THE NEW CONSUMER CREDIT REGULATIONS?
27/11/2009
The National Consumer Credit Protection Bill was passed this month. The aim of the new law is to enhance consumer protection, cut red tape for businesses and provide nationally consistent regulation and enforcement of the laws of consumer credit.A “SPECIAL†REMINDER – PRIVATE COMPANY DIVIDEND PAYMENTS TO SUPER FUNDS
27/11/2009
Ordinarily the income of a complying superannuation fund is taxed at the concessional rate of 15%. However, under tax legislation certain super fund income may be subject to the top marginal rate of 45%. An example is income derived from the payment of private company dividends.RIPOLL INQUIRY RAISES MORE QUESTIONS THAN ANSWERS
27/11/2009
The Parliamentary Joint Committee on Corporations and Financial Services Inquiry Into Financial Products And Services In Australia (aka ‘the Ripoll Inquiry’) has come up with 11 recommendations that raise more questions than they answer. Here are some examples.