NEWSLETTER

 

     FRANK BONO
         ASSET PROTECTION  CONSULTANT
 ID No - 099577
   Tuesday 3.20 Pm, Prestons NSW
   FROM: Frank Bono – A.P.S Consultant

            
                                                                      
  Just a quick note to inform you that our direct line (office number) has changed.
To call our office direct - phone 02 96075820, all other numbers remain the same.






“WHY USE OUR ASSET PROTECTION STRUCTURES”!
                                                                                           

OUR APS (Asset Protection Specialists) TRUSTEE COMPANIES AND TRUSTS WERE EXCLUSIVELY DESIGNED BY AUSTRALIAS LEADING AUTHORITIES ON ASSET PROTECTION IN CONJUCTION WITH OUR BARRISTERS “LA FONTAINE SOLICITORS & BARRISTERS” WHO SPECIALISE IN MATTERS OF ASSET PROTECTION AND LITIGATION.

THE APS TRUSTEE COMPANIES AND TRUSTS ARE DESIGNED FOR MAXIMUM ASSET PROTECTION PURPOSES.

THE ASSET PROTECTION PROVIDED BY OUR STRUCTURES IS IN THE WORDING AND CO RELATIONSHIP OF THE ARTICLES OF ASSOCIATION OF THE TRUSTEE COMPANIES, AND THE TRUST DEED OF THE TRUSTS.
THIS ENABLES US TO OFFER THE MOST ROBUST ASSET PROTECTION STRUCTURES AVAILABLE IN AUSTRALIA TODAY.

• OUR TRUST STRUCTURES ARE TAYLORED TO SUIT EACH INDIVIDUAL CLIENT’S PERSONAL AND BUSINESS REQUIREMENTS.

• ALL OF OUR STRUCTURES ARE SUBMITTED TO OUR BARRISTERS FOR APPROVAL FOR THEIR SUITABILITY TO THE CLIENTS NEEDS, BEFORE IMPLEMENTATION.

• OUR ASSET PROTECTION STUCTURES GIVE THE DIRECTORS BROADER POWERS TO ALLOW INCOME STREAMING WHEN TRADING IN ALL TYPES OF BUSINESS ACTIVITIES.

THEY ARE SUITABLE FOR HIGH LEVEL PROPERTY INVESTING, OR FOR MUM AND DAD INVESTORS LOOKING TO PURCHASE THEIR FIRST INVESTMENT PROPERTY, TO MULTI CORPORATE BUSINES’S AND SHARE PORTFOLIOS.
OUR STRUCTURES HAVE THE ABILITY TO CAP OUR CLIENTS TAX RATE AT 30%.

A GOOD ASSET PROTECTION STRUCTURE IS VITAL, NOT ONLY FOR THE REASONS MENTIONED ABOVE BUT ALSO FOR ITS ABILITY TO STAND UP IN COURT.
IF A LITIGANT AND THEIR LAWYER ATTACK IT, WILL IT PASS THE TEST?
WE ARE PROUD TO SAY THAT OUR STRUCTURES HAVE BEEN TRIED AND TESTED BY THE LEGAL SYSTEM, AND HAVE NOT BEEN PENETRATED TO DATE.

 
Information in the following segment is general in nature and should not be understood as personal professional advice. As circumstances differ
from person to person, readers should seek their own independent assessment from a qualified adviser and not rely on the general nature of information in this newsletter.

A vandal is hit in the head while hanging out of a train scribbling graffiti and sues the rail authority for allowing him to open the window in the first place.

A man walks home after an eight-hour drinking session, falls down a 10-metre cliff and demands $1million from the local council for negligence.

A woman breaks her arm on a children’s slide after ignoring warning signs at a play centre and is awarded $9000 in damages - but sues for $80,000 more.

Manufacturers impose 'lawsuit tax' sometimes up to 95% to cover everything from absurdly obvious warning labels to the cost of future lawsuits.
Absurd warning labels become the norm.

Jogger sues Nike for $A20million claiming wrist injury which threatens her career after she tripped over her shoelaces while jogging.

A heat gun and paint remover that produces temperatures of 1,000 degrees and warns users, “Do not use this tool as a hair dryer” is identified as the wackiest warning label.

Warning label on a baking pan: “Ovenware will get hot when used in oven.”
Drunken partier sues police for not arresting her

Spilled coffee was too hot; litigant requests $62,500 in damages

Woman sues 12yr old girl after she collided with her on a public ice skating rink

A home owning couple sues local business claiming dust, noise and vibrations are trespassing
                                                                

Homeowners were sued for more than $25,000 by cleaning lady who stole a firecracker and lit it whilst dining with friends, believing it was a candle

When a man let his two dogs out of his house, they began chasing something and ran across neighbour’s property. When the dog owner chased his dogs over the neighbour’s property, he injured himself when he stepped into a snow-covered fence posthole and fell. He sued the property owner for negligence. The Appeals Court agreed with the lower court's decision to dismiss the case saying that since the man was trespassing, the owner of the property was not required to make sure his property was safe from people falling in the snow-covered hole.

OHS - court ruling - chain of responsibility widens. Employers have responsibility to ensure safe working environment for employees (sub subees) who they have no control over and often are not even aware exist!

Tenant awarded $1.2m payout for back injury after tripping on a hole in the carpet.
Court upholds $2.6m payout to man hit by golf ball in charity game.

Woman awarded $300,000 after friend lost control and ran over her in a golf cart
Loggers to pay $133,000 to protesters for mental stress
In 1936 the Income Tax Assessment Act was 81 pages. It is now 8500 pages.
Man abandons wife and family, but returns 22yrs later to claim wife's estate.

Office Christmas party comment costs $A2.56million

Stockbroking firm in US pays $75million to settle female discrimination claims

Convicted offender calls for legal representation after suffering frostbite while on the run from police.

Two men set fire to their own store in the hope of collecting insurance. They then sue their insurance company after the fire spread to the building next door.
             
A prisoner sued the jail for failing to provide a decent diet. The convict was demanding damages for excessive flatulence suffered whilst in the lockup.

Label on a kitchen knife that warns: “Never try to catch a falling knife.”

A passenger on a city bus tries to cash in after minor accident, in which the bus did not even move; yet she claimed to have been thrown around the bus.

Woman in wheelchair using wrong entrance ramp is struck in the head by parking gate. The woman sued the makers of the gate.





RE: CHANGES TO ‘CLAW BACK’ PERIOD UNDER BANKRUPTCY LEGISLATION.


Please be advised that from the 31 May 2006, an amendment to the Bankruptcy Legislation has
Increased the ‘claw back’ or relation back period under bankruptcy proceedings from 2 years to 4 years.  

Therefore, from 31 May 2006, asset transfers at less than market value (where the transferor is solvent at the time of the transfer) may be able to be declared void by the Trustee in Bankruptcy (and clawed back) for up to 4 ½ after the transfer was made.  In other words, the 6/24 rule is now the 6/48 rules.

If you require further information or explanation of the changes, please call me on (02) 96075820.

Note:  The new rules only apply to transfers made on or after 31 May 2006.


                                                                                                                                      
 

Information From Mary Kehely of Money Link Financial Planning.
Our Queensland property expert.

Brisbane set to boom

BRISBANE will be Australia's fastest growing city for at least two decades, according to economic analyst Phil Ruthven.
The boom in southeast Queensland will swell Brisbane's population to 2.6 million by 2026, up from 1.8 million today.
House prices in Australia will quadruple in 20 years, sending the value of the average home Soaring to $1.88 million. And wages will rise almost
as steeply, with men earning an average of
$194,000a year in 2026 almost four times today's average of $52,000.Women will earn an average of $178,000 a year.

The Courier Mail, 22 October 2006.

 
Rents to skyrocket

RENTS are tipped to skyrocket over the next five years due to a housing shortage across the country, an economic forecaster said.
Research firm BIS Shrapnel said it expects national building commencements to fall for a third straight year, dropping five percent to 142,500 new homes in 2006107 following a four per cent drop in 2005/06.
BIS Shrapnel senior project manager Jason Anderson said such a result
would inflame the country's already tight rental market, which is meeting increased demand from a growing population.
"Rental markets throughout Australia are as tight as a drum, with vacancy rates in all capital cities below 2.5 per cent as at June 2006," he said." With the supply of new dwellings decreasing, rental markets are set to tighten even further in 2007 and 2008.'
The Australian, 30 October 2006.


        





 
PREFERED AND RECCOMENDED COMPANY CONTACTS
THESE CONTACTS ARE FAMILIAR WITH AND UNDERSTAND THE ASSET PROTECTION STRUCTURES AND STATERGIES PUT
IN PLACE FOR OUR CLIENTS.

• VITAL - LINK FINANCIAL EDUCATION.
• LA FONTAINE SOLICITORS AND BARISTERS.
• LANDAU SECURITIES.
• RESIDEX.
• MONEYLINK FINANCIAL PLANNING

Recommended Reading –

Bullet-proof Asset Protection – by Ed Burton

The Millionaire Next Door – Thomas J. Stanley

Getting! Everything You Can Out Of What You’ve Got – Jay Abraham   

Selling! For Dummies – Bob Nelson

Think and Grow Rich - Nepoleon Hill
                                                     







FREE Dinner For Two

            

     To show our appreciation, for all your referrals who elect to purchase one of our asset protection packages. I will send you out on a dinner for two FREE, at Bon Aroma Italian Wood fired Pizza and Pasta Restaurant “Winners of Best Pizza in NSW” 2005 and also “Runner up Best Pizza Australia” 2005 so you know it will be good, they also do great Italian and seafood dishes so you can bask in the ambience and enjoy a great dinner on me.

Don’t forget during the next two months, I’m giving referrals of my valued client’s priority access to me, and a FREE Risk Analysis Survey (valued at $220.00). As you may be aware, my office is very busy and it can sometimes be up to 2 weeks before a prospective client can speak to me about their asset protection needs.
     If you refer a family member or friend, who owns assets of any kind (real estate, shares, cars, bonds, cash, a business), please do them and me the favour of telling them about the benefits of putting an iron cage around their assets, I will give them priority access to me. Enclosed is a certificate giving them a FREE Risk Analysis Survey, they only have to mention your name and an appointment will be booked in immediately rather than waiting the usual 2 weeks. (And please sign the back of the certificate, so we know that the referred client came from you… so I can send you to dinner)



BONO & ASSOCIATES
ABN 71 598 527 169
THE ASSET PROTECTION SOLUTIONS CENTRE
PH – 02 96075820   FAX – 02 87839144   MOBILE – 0410800610   FREECALL – 1800264240