Wondering how the new Privacy Laws will affect you in obtaining Finance?
From 12 March a new set of privacy principles regarding the handling of personal information came into effect for businesses. These are the 13 new “Australian Privacy Principles”. The Privacy Act has been around for many years – it’s just had a revamp to protect you, the consumer. The big changes relate to how businesses, such as Benson Leasing and our providers, handle, use, and store your personal information. Applying for future finance from Benson Leasing will continue to be a simple process and will not become more difficult in the application process. You will still be able to apply for Finance with our online application, or by downloading an application, or by emailing or calling one of the staff at Benson Leasing to chat about your needs. Benson Leasing is currently updating our already strong privacy policy, and reviewing our procedures and systems to ensure we comply with the new rules, and your information’s security continues to be guaranteed. What are the Changes to credit reporting laws? The Privacy Act now includes new credit reporting provisions including: • the introduction of more comprehensive credit reporting, a simplified and enhanced correction and complaints process • the introduction of civil penalties for breaches of certain credit reporting provisions • a requirement for credit providers to be a member of an external dispute resolution scheme, recognised under the Privacy Act, to be able to participate in the credit reporting system. Benson Leasing are already members of the Credit Ombudsman Service (member No:M0017210). What rights do you as a Consumer have? You will be given the right to access your personal information and correct out of date or incorrect information. Any direct marketing you receive from Benson Leasing does, and will continue to, provide a way to opt-out. Please call us on 1300 795 058 or go to our website www.bensonleasing.com.au for all your car financing needs. This information is a summary and general overview. It is not intended to be comprehensive and it is not legal...
read moreWhat does Benson Leasing do?
What is an Equipment Finance Broker? Finance Brokers are now the number one choice for consumers and savvy businesses to use to help them with their finance needs from car and equipment leasing to loans to help their businesses expand. What does Benson Leasing do? Here at Benson Leasing we work with you, the client, to determine your borrowing needs and ability, select a loan suited specifically to your individual circumstances and manage the process through to settlement. You can be confident that the finance approval process will be trouble free so you can get on with running your business. Why use Benson Leasing for your finance needs? We do all the legwork for you We have direct and fast access to a wider range of lenders We are experts in a wide range of loans We are more flexible with your repayment rates and terms where needed We understand all the different finance products on the market We are Equipment Finance Specialists, so we are focused on loans only What can Benson Leasing Finance for you? Agricultural equipment Aircraft & ground equipment Beer systems Heavy lift equipment Motor Vehicle Motor vehicle lifting and diagnostic equipment Medical and dental equipment Phone systems Point of Sale Scales and cash-draws Does Benson Leasing hold any Professional Financial Memberships? Yes. We are members of the Commercial Asset Finance Brokers Association of Australia Limited (CAFBA), who have a strict code of Conduct and Constitution which all members must comply. We are also members of the Credit Ombudsman Service (COSL), which is an external dispute resolution scheme for the financial services industry approved by the Australian Securities and Investments Commission (ASIC). Jody Benson also holds qualifications in Financial Planning and Financial Advising and is a long standing JP, but chooses to focus on Equipment Finance. Call us today on 1300 795 058, or complete our easy online Application and we will get back to...
read moreLuxury Car Tax
Luxury Car Tax is a tax of 33% on the sale of motor vehicles that meet a certain set of conditions. Luxury Car Tax applies to most new and demonstrator cars where the price, excluding government fees and charges (registration, CTP & stamp duty) and including GST exceeds the Luxury Car Tax threshold. LCT is charged on the portion of the vehicle’s price that exceeds this threshold. The Luxury Car Tax threshold is subject to change each financial year. For the 2013-2014 financial year the threshold for regular motor vehicles is $60,316.00, and for fuel efficient motor vehicles is $75,375.00. In other words, Luxury Car Tax doesn’t only apply to luxury cars, but rather to any car that meets certain conditions. The Luxury Car Tax rate was set at 25%. In May 2008, the then Treasurer Wayne Swan announced that the Luxury Car Tax rate was increase by 8% (to 33%) effective from the 1st of July 2008. Prior to this the LCT rate was 25% and LCT did not apply to certain fuel efficient cars, including cars with combined-cycle fuel consumption of less than 7L/100km, and who were sold on or after the 3rd of October 2008 whose price is less than a new, higher fuel-efficient car limit (including GST and excluding government fees and charges – stamp duty, registration & CTP) If you are a Primary Producer or Tourism Operator you can claim a refund of the additional 8% to a maximum of $3,000 on all-wheel drive vehicles or four-wheel under certain circumstances (visit www.ato.gov.au for further information) When do you pay Luxury Car Tax? Luxury Car Tax is payable on a vehicle when you purchase the vehicle from a dealership or when the vehicle is less than two years old and is calculated from the build date for locally made cars or the compliance date for imported cars. You account for LCT when completing your activity statement for the tax period which also applies for GST. When don’t you pay Luxury Car Tax over the LCT threshold? When it’s a campervan or a commercial vehicle not designed to carry passengers or a vehicle transporting disabled people seated in wheelchairs. This is a minefield of calculations & regulations and the staff at Benson leasing are experienced at helping navigate around these numbers. Read...
read moreThe growth of Australia’s greatest puddings
Want to taste the best pudding in Australia? Look no further than Itha’s Puddings and Gourmet Foods. Itha’s Puddings use a traditional ‘cooked in the cloth’ recipe, and are individually handmade, using only top quality ingredients. In December 2012 their puddings were voted ‘Best in Australia’ by Choice Magazine. This impressive accolade created further publicity: in conjunction with the Choice review, Itha’s Puddings were featured on Channel 7’s Sunrise program, and were interviewed by Alan Jones on Radio 2GB. This resulted in a complete sell-out of stock and huge exposure. Benson Leasing are happy to have been involved with providing finance for the new oven for the newly expanded business into additional premises,. You can have these delicious treats delivered as a unique Christmas gift to your valued customers. To order Itha’s Puddings delicious products online, visit: www.ithaspuddings.com.au. To read the Choice review, please visit...
read moreThe Annual Uniwell Conference – 2013
Benson Leasing really enjoyed catching up with the Uniwell team at their annual conference on the Gold Coast in September. It was great to learn more about the latest point of sale technology that is available for our customers. The entire sales process can be fully integrated. Innovations include hand held ordering on smartphones, and peripherals such as scales and EFTPOS terminals interfacing with Uniwell POS and touchscreen terminals. Time is money – and this technology reduces customer wait times and costly errors. If you have been thinking about upgrading your POS system, we can help. Give us a call on 1300 795 058 for fast, friendly assistance to get you the finance you...
read moreOur Memberships
