Hi with a mortgage loan the banks only have the mortgage value interest in the property and a mortgage on the property It is Your property and resposibility to pay your loan off along with any other charges . As I see things the worst position that the Tax Department would be to assess as when you transferred your shares to Opes Prime you transferred them for the value of the margin loan that you recieved. In most cases this would be a capital loss and any gains that you made after recieving the loan with share trades would imply that we have been working for Opes Prime or the ANZ Bank. I do not accept this theory as I believed that the ANZ Bank were holding my shares in their nommonie account for me . Very complicated and the ANZ bank should reinstate our shares and cop their loss due to their deception and poor management of the Opes Prime Account Cheers Towie
