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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: FAKE Treasury STATS as ‘Phantom’ savings pad budget figures

Posted by on in ROYAL COMMISSION URGENT
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‘Phantom’ savings pad budget figures

The Australian 12:00am March 22, 2019

Michael Roddan

 

There are $1.1 billion worth of unlegislated budget savings that have not yet passed parliament that the government is factoring into the budget bottom line over the forward estimates, according to the independent Parliamentary Budget Office.

The PBO’s estimate of the revenue measures that are not yet law grows to $5.7bn out to the end of the decade, relating to the planned amendments of the research and development tax incentive.

The reform was announced last May and targets big business in an effort to save $2.4bn over the next four years but is yet to become law.

The PBO’s pre-budget analysis comes as the Morrison government races towards finalising its April 2 federal budget. However, it only includes legislation that has been announced and appeared in budget papers more than a year ago.

This means many of the reforms announced in last year’s budget that are yet to gain royal assent are left out of the PBO’s analysis.

One expense measure remains unlegislated, which is the $190 million cost of the indigenous recognition referendum.

Parliament returns next month for one week before the federal election is called — it is likely to take place in May.

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