Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook

facebook3           facebook2 


What BFCSA Does...

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.


Articles View Hits

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Super plan to fast-track deposit for first-home buyers by putting an extra $60k per couple

  • Font size: Larger Smaller
  • Hits: 270
  • Print

Super plan to fast-track deposit for first-home buyers

The Australian 12:00am January 12, 2018

Glenda Korporaal


Australians can boost their first-home savings by putting an extra $30,000 each, or $60,000 per ­couple, into their superannuation, federal Assistant Treasurer ­Michael Sukkar said yesterday.

He said allowing people to save through their superannuation would “provide a much-needed tax cut” to first-home buyers.

Under the changes, passed by parliament last month, people can contribute another $15,000 a year or a total of $30,000 to their super within the existing contribution caps.

This allows them to take advantage of lower tax rates on superannuation contributions and earnings.

From July 1, they can withdraw extra contributions made since July 1 last year, along with the earnings from those contributions, to help buy their home.

Mr Sukkar said the system would allow most first-home buyers to “accelerate their savings by at least 30 per cent”.

“I encourage eligible individuals to take advantage of this scheme which provides a significant leg-up in saving for a first-home deposit,” he said.

The government announced the measure in the May 2017 budget. It said the measures were part of a “comprehensive approach to housing affordability”.



Last modified on
Rate this blog entry: