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Pretty early in the piece all and sundry were heralding what a great opportunity SMSF lending would be for financial planners, accountants, lawyers, brokers and lenders. This was the point at which I decided it wasn't a market I would play in. It's going to be lawyers picnic in a few years.

CCR will kill off a lot of these "techniques" and for good reason. Why anyone would put their ACL at risk by actively gaming the system is beyond me.

Meanwhile, in the real world.... Our mate at HIA has got his latest out. Today?s ABS release of housing data includes crucial information regarding dwelling commencements, and confirms a modest increase for 2012/13 following two consecutive yearly declines, said the Housing Industry...

As I said, the Howard and Costello period was not characterised by fiscal restraint. The debt repaid (somewhat less than half of which was arguably Fraser/Howard debt to begin with) was repaid by $70 odd billion in asset sales rather than any attempt to restrain spending. Then, with the debt...

This is demonstrably untrue. Real govt. spending grew faster in the last four years of the Howard govt. than in any four year period since the early 90s, in spite of Costello trying to prevent it. Howard was prepared to create a long-term structural deficit in order to stay in power. He...

These sorts of "misclassifications" are rarely accidental. And when an Employer Ombudsman hands down a fine of that magnitude, you can be sure their investigations have led them to the view that it was an attempt to deliberately avoid super, payroll tax, workers comp and the like. Businesses...

Helpful Ready Reference Guide

I've been married for 25 years. I would not deprive loving couples of the same sex the opportunity to make the identical public commitment to each other that my wife and I did. Nor should anyone else.

Did Steve Keen steal your password?

ABS Update Highlights the Challenge Ahead of New Home Building Poor 'ol Harley at the HIA could do with some Shadow-tinted glasses. Do you have a spare pair? “Even allowing for a higher GFC stimulus-induced peak in 2010, the subsequent drop in dwelling commencements (housing starts)...

Not a chart but more interesting to play with

There's a lot of money to be made with those sorts of transactions. Not by you, of course, but money most certainly will be made.

You know better than that. Or at least you should. Question 1. Does entering into a vendor finance agreement potentially create an interest in the property? Question 2. What do loan agreements say about creating interests in the security property?

What does the mortgagee of the subject property think of this do you think?

The question of "What blender?" is not as important as "Will It Blend?

Well put. On a related matter, the financial aggregates are out and housing credit increased by 0.4 per cent over May (been bouncing around that number for a quite some time now). The 12 months to May are up 4.5% which, again, is relatively stable and a poofteenth of the level of credit...

Bikie clubs like to control tattoo studios in their patch and make it, let us say, uncomfortable, for interlopers. And their landlords.

Seems a lot of effort for a 16 year old piece of plastic.

Same here.

Soon comes the cold, and the night that never ends.