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TruBlu (Variable Term Loan)

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Austral’s TruBlu loan provides flexibility that can be tailored to suit anyone’s needs plus a wide range of features and benefits. TruBlu is a fully featured variable term loan suitable for professionals, self employed, home buyers, home owners and investors.

Set at a very competitive low ongoing variable interest rate, it gives you an option of interest only repayments for up to 10 years, or a principal & interest repayment plan over the life of the loan.

TruBlu offers the flexibility of redraw options, choice of repayment frequency, and additional repayments accepted at any time.

Acceptable Loan Purpose.

	Purchase or refinance an owner occupied property
	Purchase or refinance an investment property
	Debt consolidation
	Mortgage reduction strategies

Can I Split My TruBlu Loan?

Yes you can. Minimum amount per split account is $10,000. Up to 99 account splits available.

Very competitive Interest Rate...

TruBlu has been designed to offer a very competitive variable interest rate. For an annual fee of $345 your rate is subtantially lower than that of the standard variable rate offered by the major banks.

Benefits of a TruBlu Loan

	Name your accounts (40 characters incl. spaces). Name will appear on Loan Statements, Internet Access and Settlement Confirmation. Read more >>
	Global Redraw Limit Facility - available for Variable Rate accounts only. Read more >>
	LinkLoan Mastercard is optional. With an annual fee of $35 (waived in the first year), the LinkLoan Mastercard provides you with direct access to your redraw. Read more >>
	Competitive variable interest rate
	Third Party Redraws or Direct Debits
	Automated Periodic/Regular Redraws
	Other features >>

Product Features at a Glance

Minimum Loan Amount	$100,000
Maximum Loan Amount	$750,000
Maximum LVR	85% On Owner Occupied & 85% LVR for investment purchases P& I Accounts Only
Loan Terms up to	30 years
Interest Only up to	10 years
Split Loans Available
Online Account Management System
Direct Debit
Debit Salary Crediting
Unrestricted Additional Repayments
Loan is portable to another security property (fees apply)
Global Redraw Facility Limit Available
Austral's LinkLoan Mastercard

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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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