A licensed finance brokerage firm Lloyds Finance Australia Pty Ltd was established in 1996 and diversified itself over the years to provide various means of finance to both the consumer and business community having developed a client base which is growing all the time.
Director, Vince Militi, is a qualified accountant by trade having been in the Finance Industry since 1982 where he worked in the Banking Industry for 11 years (ANZ Group) before venturing out and establishing the current practice.
Priding itself on its service levels Lloyds Finance Australia P/L does not treat clients as clients but more like an extended family with care and diligence always being utmost when discussing proposals to ensure the most appropriate transaction is afforded.
Gone are the days where anyone could be a finance broker. Under current legislation finance brokers need to be approved by stringent licensing requirements through ASIC and affiliated with various associations to ensure there bona-fides for which Lloyds Finance Australia Pty Ltd holds all the necessary licenses and member associations which includes the Mortgage & Finance Association of Australia (MFAA: Member # 56775)) and also being a member of Australian Financial Complaints Authority Limited (AFCA Member # 44629).
High standards, service and professionalism is always maintained to both the client and lenders with Lloyds Finance Australia Pty Ltd holding various direct accreditations with a number of lenders for which a wide and varied range of products is provided.
When seeking or thinking finance Lloyds Finance Australia Pty Ltd will always do its utmost to match the client’s needs with the most appropriate lender at the most competitive rates available.
GST Implications
Characteristics |
Lease |
CHP |
Chattel Mortgage |
Are repayments tax deductible?* |
Yes |
No |
No |
Can you depreciate the equipment as tax deductible?* |
No |
Yes |
Yes |
Is the interest tax deductible? |
No |
Yes |
Yes |
Is GST payable on the cost of the equipment? |
No |
Yes |
Yes |
Is GST payable on repayments? |
Yes |
No |
No |
*If used for income producing purposes