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Thanks for the great resource. I have been entertained and educated during the times I have visited this site. I wish the Somers the best. SYD

You cannot make a cash offer if you have a finance clause. If the deal cannot be completed your deposit will be at risk of being forfeited. SYD

I too once paid cash for a 180B and I too am going to steer clear of this mob. SYD

Who is the guarantee being made to - the broker or the client? SYD

I reckon the FX booth at 115 Pitt has the smallest spread for retail FX conversions. SYD

Thank you for your replies. It has cleared up my misunderstanding. Also good points made by Terry_w about considering wills, the Legal Personal Representative and Binding Death Benefit Nomination. SYD

I am thinking a person cannot hold assets on trust for themselves. So even though there is no other person involved, having a company as trustee does not make the arrangement a sham. Could this arrangement also work for non-super trusts where you are the sole beneficiary? Thanks. SYD

Thanks Terry_w. LPR = Legal Personal Representative. BDBN = Binding Death Benefit Nomination Please let me know if these are incorrect. If the arrangement has the sole shareholder, sole director and sole member being the same person, is there any risk the arrangement can be...

I understand a single member SMSF can have that member as the sole director of the corporate trustee. My question is can the member also be the sole shareholder? Or does it need an additional shareholder? Thanks. SYD

I thought a republic can still be a member of the Commonwealth. SYD

CGT treatment depends on your date of purchase. If it is a pre September 1985 asset there is no CGT on your death. If the kids kept the property there will be CGT to pay when they sell but the CGT cost value will be based on the value of the property on your death. If it is a post September...

Who has been receiving and paying the rates notices? SYD

You could give notice to stop the salary sacrifice super contributions. SYD

If you refinanced IP loans for the purpose of buying your PPOR you will need to apportion the interest. Did you get a split loan when you did the re-fi ? SYD

To find the answer to your question I will direct you to the threads on cash buffers. SYD

Dazz for PM! SYD

My guess is different time periods. SYD

One thing I know is if I am renting I will be handing my hard earned cash to the landlord as rent. Living in a rental property is not an asset. SYD

I haven't had good experience with NBLs. Rates were very competitive when taking out the loan. However over time my experience was rate on existing loans became less competitive as their funding got rolled over - effectively new loans got the best funding rates and there seemed little...

I have eaten at the best Indian restaurant in Bathurst. SYD