Tag: Regulatory & Legal Framework
All the articles with the tag "Regulatory & Legal Framework".
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How BAS Lodgement Errors Impact a Self-Employed Home Loan Approval
As the 2023‑24 income year closes, self‑employed home‑loan applicants are entering a funding window where business activity statement accuracy has moved from…
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How the ATO's Benchmarking Tool Can Influence a Self-Employed Loan Assessment
For self-employed borrowers seeking a home loan, the Australian Taxation Office’s industry benchmarking data is no longer a mere curiosity for tax time. In m…
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How the ATO's Tax Debt Reporting Regime Affects Self-Employed Loan Applications
Self‑employed borrowers and small‑business directors have spent two decades learning that a tax debt — if not pursued to judgment — stayed invisible to mains…
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Can a Sole Trader with Unpaid ATO Tax Debts Still Qualify for an Alt-Doc Loan?
Unpaid tax obligations are no longer a matter confined to the annual BAS cycle. A $47 billion collectible debt book has pushed the Australian Taxation Office…
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Does Having an ATO Tax Debt Affect a Self-Employed Home Loan Application?
At the close of the 2023‑24 financial year, the Australian Taxation Office held more than $50 billion in collectable debt, with small‑business and self‑emplo…
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How the APRA 3% Serviceability Buffer Reduces Self-Employed Borrowing Power
Self-employed borrowers who rely on low‑doc or alt‑doc loans to fund a home purchase or refinance are navigating a serviceability framework that has not mate…
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How the NCCP Act's Responsible Lending Obligations Apply to Self-Employed Borrowers
When ASIC released Report 779 in February 2024, it sent an unambiguous signal: the regulator had found material gaps in how lenders verify self-employed inco…