Yes well that would be one way to negate I guess.
APT need to get nearer to 10% from the retailer IMO
The more I think about it, a $10 - $20 account application fee would do the trick also.
This would allow APT to conduct thorough checks on applicants which IMO ASIC will demand before long.
Their credit licence (APT's) will need to be used as ASIC will interfere, that I have no doubt, which will require, ID, bank statements check, credit checks and full assessment for servicing the credit amount.
This will drop the client numbers.
It will actually be a good thing for APT long term, IMO it will happen, it's a credit facility no matter how you paint it.
APT Price at posting:
$21.13 Sentiment: Sell Disclosure: Not Held
