Applicant(s)
- Australian Finance Group Limited
Notification number(s)
- N95590
Summary
On 4 October 2011, Australian Finance Group Limited (AFG) lodged notification N95590 with the ACCC. AFG proposes to offer a home loan package to customers who have entered into an agreement with Stockland Limited for the purchase of one of their existing 90,000 blocks of land, on condition that customers enter into a building contract with a builder pre-approved by AFG. AFG advises that this home loan package will be available to persons who might not otherwise have sufficient savings to qualify for housing finance.
Builders currently 'approved' under this program include: BGC (Australia), Summit Group, Content Living, Metricon Homes, Tamawood, Henley Properties and Coral Homes. AFG intends to widen the number of approved builders.
Legal immunity conferred by the notification automatically commenced on 18 October 2011.
Builders currently 'approved' under this program include: BGC (Australia), Summit Group, Content Living, Metricon Homes, Tamawood, Henley Properties and Coral Homes. AFG intends to widen the number of approved builders.
Legal immunity conferred by the notification automatically commenced on 18 October 2011.
Notifications
| Document title | Date | |
|---|---|---|
| Received |
ACCC correspondence
| Document title | Date | |
|---|---|---|
| ACCC to Applicant re No Further Action |
Submissions
| Document title | Date | |
|---|---|---|
| Australian Securities & Investment Commission |