... refinance your loan within the first five years. The ban on mortgage exit fees applies on new loans from July 1, 2011. An ASIC - the securities and investments regulator - report on exit fees found that while the average early termination fee sat around ...
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... not the company." A corporate structure has extra ongoing costs and paperwork, which aren't that onerous, says Yee. "ASIC issues you with an annual statement and invoice to pay. You don't need to prepare annual company accounts or file annual ...
... the higher returns they generate come with extra risk. This is examined in a new consumer information report on hybrids on ASIC's MoneySmart website. SMSF trustees should read this before investing in hybrids. Just go to the site (www.moneysmart.gov.au ...
What is MoneySmart? Developed by the Australian Securities and Investments Commission (ASIC), teaching.moneysmart.gov.au provides professional and personal learning programs and resources for teaching and learning. It also has resources to assist parents ...
... ANZ and NAB abolished its exit fees. This was a great PR move given the Australian Securities and Investments Commission (ASIC) has only recently laid out new guidelines on what banks can charge home loan customers when they switch to rival lenders. ...
... Commission has been watching closely. "Dual pricing", as it is sometimes called, is not limited to online accounts. A review by ASIC of the term deposit market found that seven out of the eight deposit-taking institutions were guilty of dual pricing. ...
... complex investment products, not bank deposits, warns the regulator, the Australian Securities and Investments Commission (ASIC). As these products grow in popularity with investors seeking a safe haven to preserve their money, ASIC has reviewed 64 product ...
... the Australian Securities & Investments Commission. "Some offer 20% a year, others go for 300% a year or even more," says ASIC. Not only do they offer huge returns, they often say that the risk is low! So remember: higher returns always equal higher ...
... if faced with a contract term it believes to be unfair to consumers." The Australian Securities & Investments Commission (ASIC) has law enforcement and consumer redress powers with regard to these new laws. "Under the legislation, a term will be regarded ...
... out your loan within the first five years. A report on exit fees by the Australian Securities and Investments Commission (ASIC) found that Aussies pay nearly five times more to switch their lender than home owners in the US and Britain. That same report ...
