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TruBlu - Other Features

What sets it apart from the rest...

AUTOMATED PERIODIC/REGULAR REDRAWS:

TruBlu allows you the flexibility of creating a periodic redraw available either weekly, fortnightly or monthly to occur for either;
1. A predetermined period of time; or
2. Indefinitely / until further notice.

Benefits:

This will assist you in budgeting by enabling you to deposit all your income into the loan whilst a periodic redraw transfers funds into your nominated bank account to meet your daily living expenses. “Savings” appear in the form of redraw accumulated from the additional loan payments. Instead of earning low interest income in a passbook/cheque account, the additional loan payments made, reduces the outstanding loan balance and hence the amount of interest being charged to the loan account at the home loan rate.

Given periodic redraws can be set at either weekly, fortnightly or monthly intervals, if you maximise the period of time the additional loan payments remain in the loan account, you will reduce the interest charged as interest is calculated on the daily outstanding loan balance.

You enjoy the convenience of not having to log on to LinkLoan Online each time you need to redraw funds.

3rd PARTY REDRAWS / DIRECT DEBITS:

This facility provides you with the convenience of allowing 3rd party creditors (eg Health Care Funds, fitness centres, 3rd party credit card providers) to redraw directly from the loan account. You must ensure that the nominated loan account has redraw available. Therefore, it would be advisable to deposit all your income into the loan, thus reducing the outstanding loan balance and minimising the interest charged on your loan.

How to Effect this Option:

1. You should check with the 3rd Party creditor that they are able to run direct debits.
2. You should obtain and complete the relevant 3rd Party creditor’s direct debit form.

In completing the direct debit form:

	the Branch of the financial institution is Perpetual Trustee LinkLoan
	the Bank Account Title is your name
	the BSB and Account Number is the 15 digit Account Reference Number (ARN), The first 6 digits is the BSB and the last 9 digits the account number.

Please note that the ARN is the same number that you provide your employer to effect loan repayments via direct salary crediting. This number will be provided to you in the settlement letter issued shortly after loan settlement and can also be found on LinkLoan Online.

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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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