This is a register of people who provide personal advice on investments, superannuation and life insurance. The following providers are authorised deposit-taking institutions who can offer term deposits that will be covered by the government’s Financial Claims Scheme. There may also be legitimate investment products (e.g. managed funds) that seem similar to what a term deposit offers, but these are much higher risk, ASIC warns. If you have more than $250,000 to invest, you could spread your savings across multiple term deposit providers covered by the scheme to ensure you are protected. Some term deposits allow you to build on your savings by reinvesting the interest earned.
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Without the off-the-plan concession, Asha and Alex would pay land transfer duty on $1,150,000 at general rates. This means the dutiable value of their house after applying the off-the-plan concession is $632,500 ($1,150,000 – $517,500). This means the dutiable value of his apartment after applying the off-the-plan concession is $440,000 ($950,000 – $510,000). Here are examples to help you understand how the off-the-plan concession works.
Business Banking is simple with Westpac, let us guide you through
- To discover the best approach for your business, check out our guide to setting up Business Banking.
- If you do not satisfy the conditions to receive the additional variable rate, the standard variable rate applies.
- Our specialists are available to answer any of your questions, so you can choose the product that best suits your needs.
- More complex businesses with multiple signatories will have to go into a branch for an ID and document check.
You can no longer process payments using your account BSB and account numbers. If migration issues contributed, contact us and we’ll review a one off adjustment. To not have interest on purchases on your statement, pay the full closing balance by the due date for two consecutive months. Check your next payment due date in the MyCard App or MyCard Online anytime, or on your statement. For cards enrolled in the MyCard Rewards Program, learn about the rewards experience and how to redeem Points.
If you’re a simple business entity such as a sole trader and you have your ID handy, it can take just a few minutes to online pokies open a business account online. From clearer business tracking to simplifying tax time, check out 4 reasons to separate Business Banking from Personal. Read our guide on switching your Business banking to Westpac to see how to switch banks in 5 simple steps. Deposit $100 into a new Business One account and we’ll match it.
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