News
Hire Purchase Act Repealed
Effective 1st July 2004 the WA State Government repealed the Hire-Purchase Act 1959. The major effect of this are that borrowers are no longer availed of the Rule of 78 pay out mechanism.
http://www.securityallied.com.au
Interest Rates
At its meeting on 7th of February, 2012, the Reserve Bank Board decided to hold the cash rate at 4.25%. The last rate adjustment was a cut of 0.25% in December, 2011.
http://www.rba.gov.au