Where a self-employed customer's application has an LVR of less than or equal to 80%, you can now verify their income using a simplified set of documents.
For all self-employed applications with an LVR of less than or equal to 80%, customers must provide these documents:
For all self-employed applications with an LVR of less than or equal to 80%, customers must provide these documents:
- Personal and Business (Partnership, Company, Trust) tax return from the most recent financial year along with the corresponding Notice of Assessment (NOA) for individuals; and
- Business financial statements (accountant prepared Profit and Loss Statement and Balance Sheet) from the most recent financial year, showing the last two consecutive years information