Sounds fair, I always assume the best about me.
I have to eat a bit of my hat too I supose. I had a lengthy chat with our Corps Law solicitor over a beer this afternoon. This is what I could gather.
1. If your carefull and keep excellent records then you should be fine.
2. By 'carefull', he means 'carefull' to not provide advice. By saying you'll find people properties with x% yield, it could be construed as advice regarding the expected future performance of an asset. What might be better is to not mention the return but have a list of available properties with the financial details of each, (which could be provided by a foreign 3rd party). You are merely passing on the details to prospective purchasors. The investor then chooses which property they would like to purchase. You should be free to take a spotters fee. The fee would need to be accounted for properly, invoice and receipt etc.
So, full steam ahead.
I probably won't be back to the forum for a while so, take care and best of luck.
Highlander
I have to eat a bit of my hat too I supose. I had a lengthy chat with our Corps Law solicitor over a beer this afternoon. This is what I could gather.
1. If your carefull and keep excellent records then you should be fine.
2. By 'carefull', he means 'carefull' to not provide advice. By saying you'll find people properties with x% yield, it could be construed as advice regarding the expected future performance of an asset. What might be better is to not mention the return but have a list of available properties with the financial details of each, (which could be provided by a foreign 3rd party). You are merely passing on the details to prospective purchasors. The investor then chooses which property they would like to purchase. You should be free to take a spotters fee. The fee would need to be accounted for properly, invoice and receipt etc.
So, full steam ahead.
I probably won't be back to the forum for a while so, take care and best of luck.
Highlander