Welcome to the June issue of Lendcorp News.

In this Issue

	Introduction
	Our Exciting News
	A Big Thank You
	New Appointment
	Support To Customers Impacted By Storms In NSW
	Economic Update
	Stamp Duty on Motor Vehicles to Increase

In Other News

End Of Financial Year

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Machinery
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Capital Finance

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Introduction

WELCOME to the JUNE 2007 edition of 'Lendcorp News'.

We plan from this point on to keep in touch with you on a regular basis via email as we feel this will be of benefit to you as our valued client and ourselves.

We hope you find our Newsletter informative and if you would like any other issues covered, please do not hesitate to drop us a line at sales@lendcorpfinance.com.au.

To make sure you do not have any difficulties in receiving our Newsletter you may need to add us to your "allowed recipients list"  to let your email program know it's ok to receive our news updates.

Kind regards

The Lendcorp Team

Our Exciting News

Have you seen our new website?   www.lendcorpfinance.com.au

We have recently updated the website to include "up to date" information that will assist you when deciding which product will best suit your needs. 

We encourage you to take a minute to look at our new site and see how our products and "service" can assist you. 

A Big Thank You

With your referrals our business is growing.

We believe that "word of mouth" is the best form of advertising.  

We thank all of our Clients who have introduced friends and associates to Lendcorp.  We appreciate your endorsement and encourage you to continue.

Feel free to forward this newsletter on. Click Here 

New Appointment

We welcome our new recruit Poppy Schuback.

Poppy has been involved in the Motor Industry for 15 years, her main role being Customer Relations and Marketing, a very challenging position.

Poppy will be focusing on the Marketing side of things and will assist in providing personalised, one-on-one service to our clients.

Support To Customers Impacted By Storms In NSW

One of our panel of lenders, Esanda Finance, has this week announced that they will provide assistance for customers impacted by storm damage and flooding in the Hunter and Central Coast areas. 

They have offered assistance to customers with existing loans and are to waive fees associated with restructuring business loans considered necessary due to storm and flooding impact.

Economic Update

MOTOR VEHICLE SALES

It has been reported that motor vehicle sales show that  just as Australia’s consumers have been increasingly spending up at the shops, they have also been purchasing more new cars.

Higher fuel prices have prompted a shift in preferences towards smaller cars. Accordingly, the volume of automotive fuel sold has remained relatively stable since 2005, despite a rise in the stock of Australian vehicles.

Stamp Duty on Motor Vehicles to Increase

In a joint statement, Premier Peter Beattie and Treasurer Anna Bligh announced that  there will be a new environmentally friendly rating system for vehicle stamp duty.

The scheme is believed to tackle global warming by encouraging the purchase of smaller cylinder and Hybrid cars. Currently there is 2% stamp duty on motor vehicles. 

As of 1 January 2008 the new rates will be:

•  Hybrid cars  will remain at 2%
• 4 cylinder cars to increase to 3%
• 6 cylinder cars to increase to 3.5%
• 8 cylinder cars to increase to 4%

Revenue currently collected  in Queensland from motor vehicle stamp duty is only 64% of the national ad\verage.

The government estimates Queensland will retain its competitive tax status with per capita tax estimated at $2,226 in 2007-8 compared to an average of $2357 for the other states.

Services to benefit from this tax increase will be Mental Health.  Our state has one of the highest suicide rates in the country.

Even with the additional funds, the state's mental health spending would only be 85 per cent of the national average.

Treasurer Anna Bligh said the tax increase was expected to raise an additional $200 million a year which would cover the increase in mental health spending of $528 million over four years.

That's all for this month's edition. 

In closing, we hope you have enjoyed this newsletter and look forward to some feedback

All the best from the Team at

Lendcorp Finance

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