External
Cash Deposits, Company and Trust Fund Accounts
Exemption Date – 16 July 1999
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
|
Asset Value |
Effective Date |
|
|
20% |
of the face value of the investment |
13 June 2003 |
|
100% |
of the face value of the investment |
16 July 1999 |
|
Income Value |
||
|
0% |
no actual income is being paid |
16 July 1999 |
Note: these deeming exemptions relate only to monies held specifically in these companies and not to individual mortgage loans.
No income or asset test exemptions have been granted for clients holding individual mortgage loans with third parties. Contact the IDU for instructions on individual mortgage loans.