In 2019, the Australian Banking Royal Commission acted on the growing complaints against car dealers who sign up customers for loans they can’t afford to pay. In his final report, Royal Commissioner, the Hon Kenneth Hayne AC QC, who led the year-long probe of the faulty financial service practices, recommended the abolition of the Point of Sale (POS) Exemption. Consumer advocates welcomed the Royal Commissioner’s report exposing the predatory selling practice. Many believe the POS exemption was a “loophole” that has allowed not a few car dealers to offer auto loans even without proper assessment of the customer’s financial capability. …
Month: March 2021
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- Tips for Managing Your Budget in an Uncertain EconomyWhen the economy is uncertain and businesses struggle, consumers tighten their belts. These are mostly felt on small communities which you can learn as well by reading from https://tarpera.lt/mazoji-bendrija/. To manage costs and make ends meet, many people reduce their spending on nonessential items such as clothes, vacations, eating out, alcohol, and gifts. Some may […]
- How to Tax Cryptocurrencies the Right WayDespite unpredictable and sometimes violent price fluctuations in Bitcoin, digital money finds buyers, especially those who discovered the power of Bitcoin360. But how do any profits have to be taxed? The good news: Capital gains on cryptocurrencies – also called virtual currencies – can be completely tax-free under certain circumstances. Investment in cryptos: no […]
