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LinkLoan MasterCard
The LinkLoan MasterCard may be linked to the private/home line of credit sub-account. This effectively provides “direct access” to equity within the loan, i.e. LinkLoan Mastercard is secured against the Line of Credit at the same interest rate. The card limit is included in the loan amount and Loan to Value Ratio. Accordingly, borrowers must have the capacity to include in both the loan amount and Loan to Value Ratio. Borrowers must have sufficient credit available to cover their Mastercard cash advances/purchases each month.The LinkLoan MasterCard Limit should be no greater than the borrowers’ net income less mortgage payments.
LinkLoan MasterCard Quick Summary:
INTEREST FREE PERIOD	The LinkLoan MasterCard is Interest Free during the billing period. (from 11th of the month to the 10th of the next month. The balance is automatically swept to the Linked Loan Account on the 11th of the month.
PURCHASES	Can be made from merchants displaying the MasterCard symbol
CASH ADVANCES	Can be obtained from ATMs and braches of financial institutions displaying the MasterCard symbol. The LinkLoan MasterCard offers a fee free cash advance option (the first 8 Westpac ATM cash advances are fee free). Fees are chargeable on non-Westpac ATMs ($4) and at Westpac ATMs when the borrower has already made 8 cash advances in the current billing period ($2)
DAILY ATM CASH OUT LIMIT	$1,000
DAILY PURCHASE LIMIT	Card Limit
MINIMUM CARD LIMIT	$1,000
MAXIMUM CARD LIMIT	$10,000
ANNUAL FEE	$35 - waived in the first year
EFTPOS FEE	Free and unlimited
OVERSEAS ATM WITHDRAWAL FEE	$5.00
CARD CURRENCY CONVERSION FEE	1%
ADDITIONAL FEATURES
· Interest free during the billing period · Separate Statement issued monthly · Monthly sweep direct to the Linked Account (on the 10th) · One card per borrower (available to borrowers and authorised guarantors) · Choice of card limits (minimum $1,000 maximum $10,000) · 8 Free cash advances available per billing period

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Austral is a member of the Mortgage & Finance Association of Australia (formerly MIAA), the professional body for the mortgage industry.

PH: 02 9299 1833 / FAX: 02 9299 1874

TODAY: Thursday, 20th November, 2008

WEALTH MAXIMISER - INVESTOR ASSIST UPDATE - JUNE 2008
The ATO has recently published an edited version of a Private Ruling on its website: http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm A taxpayer and client of Austral Mortgage, applied for the private ruling to seek confirmation from the ATO that if there was a shortfall between his investment income and his investment outgoings then that shortfall could be capitalised under the home and investment loan & line of credit structure noted in his application.

WEALTH MAXIMISER UPDATE - MAY 2008
Ever since the High Court decision in Hart's case, taxpayers have been seeking clarity from the ATO on the deductibility of capitalised interest in certain loan structures. On 16th April 2008 a favourable Private Ruling issued to an Austral client that provides insight into the ATO's current thinking on the subject.

My Choice
Austral has recently expanded its product offering through its My Choice loan initiative. My Choice provides borrowers with access to a wide range of lenders and loan products for residential, commercial and equipment finance, so no matter what your need our friendly and experienced staff can assist you.

Austral in the Community
Austral Mortgage has been a Principal Sponsor of the Winston Hills Little Athletics Club since October 2006. We are proud to be supporting this community project and congratulate the young athletes of WHLA for their commitment to and successes in the sport.

WEALTH MAXIMISER UPDATE - FEBRUARY 2008
Wealth Maximiser Update 12th February 2008 - We have advice from the ATO that it is well advanced on a binding Tax Determination regarding the deductibility of capitalised interest on a line of credit facility. Borrowers with both a home loan and an investment loan should consider including a capitalising line of credit within their loan structure or at least ascertaining from their lender that they could access such a facility by way of a simple variation of their existing mortgage.

Trans Tasman Finance
Did you know that Austral has a wholly owned subsidiary, Gem Home Loans Limited, in Auckland NZ - we are able to assist with organising mortgage finance for you should you be considering buying property in NZ.

AusComm Finance
AusComm is the specialist Construction and Development division of Austral Mortgage - if you are a developer seeking finance for construction purposes - residential, commercial, retail, industrial - give Peter McAuley a call on 0419 220 630 or email him peter.mcauley@australmortgage.com to discuss your funding requirements.

Mortgage Calculator
A number of excellent resource tools are now available on the internet for people in Australia seeking a loan to finance the purchase of a property or refinance an existing mortgage. One of the most useful and user friendly tools is a mortgage calculator. Before going too far in the purchase and /or borrowing process it is a worthwhile exercise to quickly gauge your borrowing capacity and also determine how your new mortgage repayments will impact on your personal cash flow. Mortgage calculator...

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