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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: Whish-Wilson says Government turns a blind eye to large rise in the cost of living and housing unaffordability

Posted by on in ROYAL COMMISSION URGENT
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Media Release

Peter Whish-Wilson 7 Apr 2017

 

http://peter-whish-wilson.greensmps.org.au/articles/house-prices-skyrocket-cabinet-rejected-capital-gains-tax-reforms

 Greens Treasury spokesperson, Senator Peter Whish-Wilson, is today calling on the Government to reveal the capital gains tax modelling they took to Cabinet back in February 2016 [as discovered by an ABC Freedom of Information Request].

Senator Whish-Wilson said, “The public has a right to know what Treasury found when it modelled the budget and housing affordability impact of changes to capital gains tax.

“The Government has to justify to younger Australians why it rejected changes to negative gearing and capital gains tax at a Cabinet level in February 2016

given that median house prices in Sydney have risen by $110,000 since that time.

“Every month the Government delays action on housing affordability the amount needed for a home deposit in places like Sydney and Melbourne rises by around another thousand dollars.

“I can’t recall when a Government has turned a blind eye to a larger rise in the cost of living than this.

“I will be seeking an Order for the Production of Documents for any modelling or policy briefs related to taxation and housing when the Senate returns.

“At the most recent Senate Estimates, Treasury could not even answer how many younger people in Australia are now priced out of the housing market.

“This shows how little attention the Government has paid to this issue,” he concluded.

 

read more    http://www.abc.net.au/news/2017-04-07/tax-breaks-on-australia27s-booming-housing-market/8423634

 

 

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