What's new
The Front Row Forums

Register a free account today to become a member of the world's largest Rugby League discussion forum! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Rumours and Stuff

Glenneel

Bench
Messages
4,021
He’s a property developer selling his wares under value. Before even considering whether a group of specific individuals are being treated at arms length, it’d raise concerns with the ATO (whether or not they’d be bothered investigating ATM is beside the point) that they weren’t legitimately showing their income. Add in providing non-commercial discounts to specific individuals at non-arms length transactions, that makes it all the more problematic.
Bank fraud would generally go the other way, inflating values but still knowingly providing improper values to the bank is fraud (although they usually catch it nowadays. The purchaser could borrow at a lower value to buy it, immediately turnaround and sell it for market value and make a tidy profit. That’s an issue if they picked it up at a dodgy value.
If you’re still not convinced by potential illegality, the economic ramifications might seem out of balance but change NRL player to local councillor.
The developer can charge what they like and are not dictated to by ATO or the bank so not sure where fraud comes from. What the banks have been doing to clients in the past (and probably still doing) is fraud on a massive scale and how many of those were charged? None. Appears if you're a corporate you get away with it but not so an individual.
 

Gronk

Moderator
Staff member
Messages
79,854

Bazal

Post Whore
Messages
106,685
images
 

84 Baby

Immortal
Messages
31,074
The developer can charge what they like and are not dictated to by ATO or the bank so not sure where fraud comes from. What the banks have been doing to clients in the past (and probably still doing) is fraud on a massive scale and how many of those were charged? None. Appears if you're a corporate you get away with it but not so an individual.
Sure you go with that
 

Twizzle

Administrator
Staff member
Messages
155,342
I use public toilets and piss on the seat
I walk around in the summertime saying, "How about this heat?"
I'm an asshole
 

Latest posts

Top