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What sets it apart from the rest...

Features Include:

	0% interest on Cash Advances
	0% interest on Purchases and Bill Payments
	8 fee free ATM (Westpac) withdrawals per billing period
	Automatic monthly sweep of entire Card Account balance from any variable rate loan account
	Cash withdrawals up to $1,000 per day
	Unlimited fee free purchases and EFTPOS transactions
	Each Card has its own card account limit
	Card fee waived year 1 for up to 2 cards per loan. $35 p.a. per card thereafter

Benefits:

Converts your single purpose home/investment loan into a day to day transactional account with every day cash needs, bill payment requirements and purchases.

Gives you the ability to;

Directly access cash on an as required basis for day to day expenditure. This enables you to deposit all your income directly into your loan account whilst:

	0% interest is charged on cash advances up until the automatic sweep occurs on the 10th of each month (business day rules apply)
	Unlike other cards, a cash withdrawal does not trigger an immediate interest charge on the entire outstanding card balance
	After the sweep occurs, interest is only charged at the low loan rate instead of a typical credit card interest rate
	The additional loan payments will minimise interest which is charged on the loan account at the home loan rate.
	The ability to draw cash on a required basis allows you to maximise the period of time additional payments are left in the loan account. This in turn reduces the interest charged on the loan, given interest is charged on the daily outstanding balance.
	Convenience in obtaining cash immediately instead of having to log onto LinkLoan Online, requesting a Redraw and waiting for the redraw to be processed, and then going to an ATM.

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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: 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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