External
Advance to Cairns Campus-SMIF1503
Exemption Date - 26 October 2001
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
|
Asset Value |
Effective Date |
|
|
100% |
of the face value of the investment |
26 October 2001 |
|
Income Value |
||
|
0% |
no actual income is being paid |
26 October 2001 |
Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the borrower is bankrupt and the mortgagee (LM Investment Management Ltd) is in possession of the property. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts