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  • 21 Jun

    Government’s Federal Budget further tightens rules on foreign property buyers

    News

    ​The Australian 2017 Federal Budget has tightened the foreign resident capital gains tax withholding regime. Other changes include limiting foreign ownership in specified developments, charges for property left vacant and changes to the capital gains tax rules for foreign investors. The capital gains rule changes broadly mean that where a foreign resident disposes of certain taxable Australian property, the purchaser is required to withhold an amount from the purchase price and pay that amount to the Australian Taxation Office (ATO).

  • 21 Jun

    MFAA guidance on offshore loan processing

    News

    ​​Members who use the services of businesses offering loan processing administration or facilities outside Australia need to take reasonable steps to ensure that the activities of these businesses comply with the Australian Privacy Principles as required by the Privacy Act 1988 (Cth). Members should also ensure that their Pri​vacy Consent includes relevant information regarding offshore processing if these services are utilised. For more information, see here.​

  • 21 Jun

    That’s a wrap! National Roadshow scores 91% approval rating

    News

  • 21 Jun

    How to diversify with reverse mortgages

    News

    If you're not already offering reverse mortgages or equity release to your customers, you could be missing out on a prime opportunity for repeat business. More often than not, your client will be open to the idea of further investment through reverse mortgage.

  • 21 Jun

    MFAA Member Benefits - Hilton Hotels & Resorts

    News

    ​​MFAA members receive 7% off the best available rate of the day at Hilton's Australasian hotels. All bookings include internet access. Click here for more information. Explore more member benefit options by contacting the team Member Benefits email or phone 1300 663 902.

  • 14 Jun

    Mortgage industry comes together to progress ASIC proposals

    News

    ​ ​Sydney, 14 June 2017 Representatives from the mortgage industry have begun a process toensure that incentives and governance arrangements are aligned with go​​​od outcomes for customers, in response to ASIC’s report on mortgage broker remuneration.