AC .....very well written as always , potential logical outcomes...

AC .....very well written as always , potential logical outcomes ..But who knows !

I understand why individuals may ultimately default on loans , and I can certainly understand the investors anger . But I honestly believe this is an extremely risky alternate for the individual .

These loans would be in the more " aggressive " end of tax planning outcomes , and I assume ( for certain ) an upfront deduction would have been claimed in the relevant financial year , any interest paid remains a tax deduction . You have taken on the project and the liability / gain , risky business thinking you can just default , you would I then imagine potentially owe the ATO a sizable sum , plus have an unpaid default on the CR , an unpaid default to a lending institution .


Now , I must declare I do not have a loan with GTP , I sold my shares some years ago as the share price fell , to pay out the loans I had on Vines . But Im in for over 300 k ( minus the 50 k of cattle they sole ) ..I managed to 9.4c for the cattle parcel ( 9.4c more than they are worth today ) .


Yes , their marketing pushed the boundaries , or well beyond the boundaries . And Yes , as Alpha says , You had a better chance of failing finance with Mario Condello ..were he still around to lend .

But cannot see the benefit in defaulting on payments .