GIPPSREAL LIMITED - FIRST MORTGAGE MANAGERS
Advance to Potter secured against property at Cooktown QLD
Exemption Date – 27 August 2008
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value |
| Effective Date |
100% | of the face value of the investment | 27 August 2008 |
Income Value |
|
|
0% | no actual income is being paid | 27 August 2008 |
Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
Advance to Lafko - secured against property at Hope Island QLD
Exemption Date – 27 February 2009
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value |
| Effective Date |
100% | of the face value of the investment | 27 February 2009 |
| 0% | of the face value of the investment Investment can now be deleted | 21 October 2020 |
Income Value |
|
|
0% | no actual income is being paid | 27 February 2009 |
Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
Advance to Wayne and Lairise Danckert - secured against property at Lot 32 Arizona Road, Charmhaven, NSW
Exemption Date – 27 July 2008
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value |
| Effective Date |
100% | of the face value of the investment | 27 July 2008 |
0% | of the face value of the investment Investment can now be deleted | 21 October 2020 |
Income Value |
|
|
0% | no actual income is being paid | 27 July 2008 |
Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
Advance to Strategic Projects Pty Ltd - secured against property at Lot 40, 41, 1 & c Gowing and Valley Streets, Bega, NSW
Exemption Date – 27 September 2008
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value |
| Effective Date |
100% | of the face value of the investment | 27 September 2008 |
| 0% | of the face value of the investment Investment can now be deleted | 21 October 2020 |
Income Value |
|
|
0% | no actual income is being paid | 27 September 2008 |
Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/deeming-exemptions-register/exempted-failed-investments/gippsreal-limited-first-mortgage-managers