Phillip A.

Doncaster, VIC

2 Likes
0 Followers

A family member is a qualified chef and has moved to Australia from France and wants to start a restaurant. He has a working visa but is there any legal issues from starting his own business. Could he borrow money?

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7 years ago

Mark B.

Fremantle, WA

9 Likes
0 Followers

Hi,
As a father of a mortgage broker who has 8 years’ experience I want to know why the Royal Commission and Government would be denying brokers the opportunity to be paid $3,250 by the lender on a $500,000 loan yet be happy for real estate agents to be paid up to $10,000 for the sale of a $500,000 property. My son has worked hard, built a business and now what?

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7 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

In light of the Banking Royal Commissions recommendation to have the upfront commissions currently paid to mortgage brokers by lenders changed to a fee for service model over the next couple of years, can we ask:

Do people believe consumer’s would be prepared to pay an upfront free to a mortgage broker to help them obtain a suitable home loan?

What impact would such a change have on consumers?

What impact would such a change have on the home loan industry?

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7 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

How will the findings of the royal commission affect everyone?

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7 years ago

Tony Z.

Leonay, NSW

2 Likes
0 Followers

I have been working in the car industry for 8 months and my base salary is $45k and so far the average commissions are $5k a month. Should my employer being paying super on the base salary or base plus commission?

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7 years ago

Sophie A.

Chipping Norton, NSW

2 Likes
0 Followers

Hi, my husbands runs a small business as a contractor to a number of builders and developers and I do the books, He has had to bring on subcontractors to complete the work on time and we want to check about how we pay them, do they need a ABN, do we pay GST on their invoices, what about super, our accountant is away so any help would be great?

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7 years ago

Ben K.

Ringwood, VIC

7 Likes
0 Followers

I been contracting for the past 10 years and have 3 and at times 4 regular clients. I never had income protection insurance but recently was started developing anxiety issues and currently on prescribed medication.

A few friends have suggested I should look into income protection. As I’m on medication do you think there would be an issue, thanks?

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7 years ago

Christine A.

Pyrmont, NSW

3 Likes
0 Followers

Hi, we need some advice.

One of our staff is never happy and continuously brings down the mood within the business and with a small team of 10, it’s very frustrating. The business is going well but it could be so much better and we are really worried about losing other staff because of the negativity. What is our best course of action, we don’t want to wait until it is too late?

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7 years ago

Henry D.

Haberfield, NSW

3 Likes
1 Followers

We have been informed NAB will be increasing the rate on our home loan by 0.16%, which is very disappointing. Our loan is $780,000 and the rate will now be 4.15% - should we be looking to refinance or is NAB just the first and the other banks will be increasing their rates soon? What is the best rate we could get if we did refinance?

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7 years ago

tony s.

Auburn South, VIC

3 Likes
1 Followers

Will my declared income on a bank home loan application be data matched with the ATO?
So does the ATO receive information from banks about income declarations in loan applications?

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7 years ago

Shaun B.

Westleigh, NSW

2 Likes
1 Followers

Hi there,

I have been working for the same company for 9 years and have been offered a redundancy package. I’m trying to calculate my entitlements and I’d like to ask if I should do the calculations from the time they made the offer or to my last day which would be in 6 weeks. Do I include a percentage long service leave as an entitlement even though I’m 6 months away from 10 years’ service?

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7 years ago

a s.

Kearns, NSW

0 Likes
1 Followers

Our car was in for service and was involved in an accident in the workshop. it will most likely be written off. Their insurance is paying for it if the car is written off will pay us what the car is insured for, but can we sue them for a replacement car or damages

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7 years ago

Lesley C.

Asquith, NSW

2 Likes
1 Followers

Hi there

We have a fixed rate loan of $620,000 that matures in Nov this year. We want to do about $150,000 in renovations and would like to refinance their existing loan and borrow the extra. Home would be valued about $950,000. Is this posisblea nd would there be any fees to break the fixed loan. What rate could we get?

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7 years ago

Dan D.

Maidstone, VIC

2 Likes
1 Followers

Hi

Submitted to 'Real Estate' page but also a 'Legal' question:

6 months ago I purchased a house off the plan. I negotiated a 5% deposit but will have to pay the remainder next month.

I recently enquired in the same development for a relative and realised that they are now selling the same property as mine for a significantly lower price, a large financial rebate, many added features thrown in for free and even a $12k gift card. Whilst it is not ideal, I'm considering the opportunity this may present. My question is - what are my legal rights in terms of selling before settlement or forfeiting the contract and then repurchasing in the same development with the new terms? If it is simply a matter of forfeiting my deposit, then I would still be significantly better off. Are there other ramifications which would stop people doing this? I take it they won't simply amend my contract.

Any advice would be much appreciated!
Dan

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7 years ago

Matt A.

Williamstown, VIC

3 Likes
1 Followers

I would like to get the opinions of other business owners to how long before a new staff member needs to be working for the business before they become part of the employee share options. We introduced it last year for staff who have been with the business almost from the start 4 years ago but not sure whether new employees should have to wait 1, 2 or 3 years. What do people think?

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7 years ago

Susan Y.

Engadine, NSW

1 Likes
1 Followers

We are waiting on the loan approval to buy a property but it is taking longer than we thought. The agent has said they will take the property off the market if we pay a 0.25% deposit but we want to know if the loan is not approved will we lose the deposit? Property price is $970,000 so it is a bit of money?

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7 years ago

Leo M.

Doncaster, VIC

2 Likes
0 Followers

I am a self-funded retiree with a share portfolio of $300,000 with a high proportion of bank shares. I feel as though they will continue to be strong but would like to ask if others think the same?

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7 years ago

Luke W.

Pakenham, VIC

0 Likes
1 Followers

Does an employer have to pay superannuation on top of bonuses or can they pay it out of the bonus?

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7 years ago

Cathy D.

Mornington, VIC

1 Likes
1 Followers

The house we have been renting for 3 years has been sold and the new owner wants to move in. What is the minimum notice period we should be receiving?

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7 years ago

Leah W.

Pennant Hills, NSW

2 Likes
1 Followers

Hi, I want to buy a property and it will probably need to be an investment property. I’m 33, first home buyer, single, no kids, a $2000 credit card limit and no other debts. I have been in the same job for 3 years and saved $30,000 living at home.
Income is $98,000 plus super. How much can I borrow and does anyone have any suggestions as to where I should buy?

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7 years ago