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Referrer Program

At Austral,we are of the firm belief that the best publicity we can receive is through our customers. If our customers are happy and feel safe in the knowledge that their loan is in capable hands, then what better way to spread the Austral word?

As a result, we believe that our customers deserve some recognition or form of gratitude if a loan settles as a result of their recommendation. It's an easy concept that simply asks that you refer a friend, family member or work colleague who is interested in arranging a new mortgage or refinancing an existing one. Upon settlement of their loan, we will deposit up to $500.00 into your nominated loan account, or alternatively, if you prefer, Austral will donate up to $500.00 to a registered charity of your choice. (N.B. Amount payable is dependent upon the settled loan amount)

Here's something to think about.........Let's say you have a loan of $250,000 over a 30 year loan term and you were to refer one settled loan to us a month. That would mean that you are reducing your loan principal by $6,000 a year and enjoying a large interest saving as a result. Would you like to see just how significant an impact this will have on your mortgage?

Click here to view results.

What if you were to refer one settled loan to us per year? Well, that $500.00 payment represents an interest saving of approximately $3,900!!

Are you interested in joining our Referrer Programme?

* To qualify for the Referrer payment you need to ensure that the referred party lists your name and Referrer ID number on our application form in the section requiring Referrer Details (Page 1)

* You need to be accredited prior to the loan being processed i.e. prior to an unconditional approval.

You can register as an Austral Mortgage Referrer by contacting our Sales Department on 1300 30 30 99 or by completing the attached registration form and sending to us via email, fax or mail.

Click here to register

Allow your friends to ........"experience the difference"

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Customer Login

Austral provides easy access to Manage your Loan Account Online. Click below to log-in or register for log-in if you haven't already done so. Join Referrer Programme & save $$$ off your mortgage.

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Full Member of MFAA
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: Saturday, 4th July, 2009

Private Ruling Authorisation Number 81797 - APRIL 2008
April 2008 Private Ruling Authorisation Number 81797 http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm Facts: The taxpayer sought to claim as a deduction the capitalised interest on additional borrowings used to meet the shortfall between the rental income on his investment property and the interest, rates and maintenance costs he paid in relation to the property. The taxpayer advised the ATO that he did not want to use his personal income to repay his private home loan debt or reinvest in other income-producing assests.

PUBLIC TAX DETERMINATION DT2008/27
DECEMBER 2008 Public Tax Determination TD2008/27 http://law.ato.gov.au/atolaw/view.htm?locid=TXD (then follow the prompts) TD 2008/27 has now clarified the position for the public generally. The factors that will determine the deductibility of interest are:

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.

NAB BOSS TO IGNORE RATE CUTS - APRIL 2009
RESERVE Bank interest rate cuts will no longer have any significant influence on home mortgage rates, a bank chief said yesterday.

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.

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.

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