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Email: admin@crase.com.au





 
Latest News
Hot Issues
COVID-19 resources -Update July 2020
Work Related expenses – 2020
‘Everyone is now on notice’: ATO acquires COVID-19 data on 3m Aussies
Extra Tools & Resources for our clients.
Year End Tax Deductions – “equipment”
Home Office Claims 2020
Early release of super sees ‘high take-up’
Tax time 2020: ATO homes in on rental deduction claims
ATO announces Div 7A COVID-19 assistance
‘HomeBuilder’ grants now available.
$150k instant asset write-off extended for 6 months
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Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
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COVID-19 hotspots - tax time 2020
Tax reform to feature heavily in PM’s JobMaker plan
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More coronavirus support for landlords, commercial tenants
COVID-19: Early Childhood Education and Care Relief Package
What Covid-19 relief packages mean to you.
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Global statistics plus Covid-19 updates
ATO clarifies COVID-19 rent relief concerns
Banks to defer small-business loan repayments for 6 months
Articles archive
Quarter 2 April - June 2020
Quarter 1 January - March 2020
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Quarter 3 July - September 2019
Quarter 2 April - June 2019
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Introductory Rates & Interest Free Periods

Consumers are enticed to transfer balances owing on credit cards, but need to be aware of all the costs, not just the benefits.



       


 


During the promotion period:-


  • a lower interest rate may apply, and/or
  • fees, and charges may be lower, or may be waived altogether

The credit provider must take care that consumers are not misled about the details of the offer – The Corporations Act, the ASIC Act and National Consumer Credit Protection Act, are in place to ensure a balanced message and consumers have a realist impression of the overall costs.


If an advertisement includes details of a discounted interest rate, or discounted/waived fees, the advertisement must also make clear with equal prominence, the period for which the discounted rate applies.


The advertisement must also state what the interest rate revers to after the promotional period.


Pose yourself questions such as:-


  • can I pay off the debt during the promotional free period?
  • will the rate after the promotional period be higher than the current rate?
  • can I change my habits to avoid future credit cards interest?

 


There is no substitute for careful reading or asking for a second opinion from your accountant before you sign up.


 


 


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10th-January-2020
      Site By AcctWeb