{"id":12726,"date":"2018-06-15T09:45:15","date_gmt":"2018-06-14T21:45:15","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=12726"},"modified":"2018-06-15T09:45:15","modified_gmt":"2018-06-14T21:45:15","slug":"call-to-warn-parents-over-guaranteeing-kids-loans","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/call-to-warn-parents-over-guaranteeing-kids-loans\/","title":{"rendered":"Call to warn parents over guaranteeing kids&#8217; loans"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Commissioner Kenneth Hayne has examined the risks facing guarantors.<\/strong><\/p>\n<p>Banks would have to bluntly warn parents planning to guarantee their children&#8217;s business debts that they risk losing their home, and that many small businesses end up failing,\u00a0under proposals to the royal commission.<\/p>\n<p>After the commission last month delved into parental guarantees of\u00a0business loans, Bank of Queensland (BoQ),\u00a0 Legal Aid NSW and the Finance Sector Union (FSU) backed changes to ensure guarantors were making informed decisions when putting their home on the line.<\/p>\n<div><span style=\"font-size: large;\"><b>AUSTRALIAN PROPERTY NEWS &#8211;\u00a0\u00a0JOIN OUR 30,000 PLUS SUBSCRIBERS<\/b><\/span><\/div>\n<div><span style=\"font-size: large;\">\u00a0<\/span><\/div>\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1529095466652000&amp;usg=AFQjCNGHKlhwKS3xwuSo2WkiwmOZPXE9xA\"><strong>GET INFORMED: RECEIVE OUR FREE E-NEWSLETTER 1 X A WEEK PLUS OTHER PROMOTIONS<\/strong>\u00a0<\/a><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\n<div><a href=\"http:\/\/eepurl.com\/b-0d_f\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/eepurl.com\/b-0d_f&amp;source=gmail&amp;ust=1529095466652000&amp;usg=AFQjCNGHKlhwKS3xwuSo2WkiwmOZPXE9xA\"><img decoding=\"async\" class=\"m_-2892574182007623732m_-1174253372178555362gmail-alignnone m_-2892574182007623732m_-1174253372178555362gmail-wp-image-12482 m_-2892574182007623732m_-1174253372178555362gmail-size-medium lazyload\" data-src=\"http:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg\" alt=\"\" width=\"300\" height=\"73\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-300x73.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up-465x114.jpg 465w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2018\/05\/newsletter-sign-up.jpg 637w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/73;\" \/><\/a><\/div>\n<\/div>\n<p>CLICK HERE for our\u00a0<b>New Zealand<\/b>\u00a0Property News:\u00a0<a href=\"http:\/\/www.propertynoise.co.nz\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.propertynoise.co.nz\/&amp;source=gmail&amp;ust=1529095466653000&amp;usg=AFQjCNGcF5gOkzX0ZKNgbuShuDNuhwWOVQ\">www.propertynoise.co.nz<\/a><a href=\"http:\/\/www.propertynoise.co.nz\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.propertynoise.co.nz\/&amp;source=gmail&amp;ust=1529095466653000&amp;usg=AFQjCNGcF5gOkzX0ZKNgbuShuDNuhwWOVQ\">\u00a0<\/a><\/p>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.smh.com.au\/business\/banking-and-finance\/call-to-warn-parents-over-guaranteeing-kids-loans-20180614-p4zlfb.html\">SMH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Commissioner Kenneth Hayne has examined the risks facing guarantors.<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/call-to-warn-parents-over-guaranteeing-kids-loans\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":12727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478099368,478099582,478099584,478098566,478098542,478098519,478098535,478098522,478099583,478098513,478098579,478098510,478098514,478098511,478098533,478098509,478099581],"class_list":["entry","author-data123nz","post-12726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-bank-of-mum-and-dad","tag-bank-of-queensland","tag-finance-sector-union","tag-first-home-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-legal-aid-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-royal-commission"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Call to warn parents over guaranteeing kids&#039; 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