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Refund failure should serve as warning

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Australian Broker | 19 Oct 2011, 09:10 AM Agree 0
AFG has warned brokers to be diligent in keeping abreast of their business partners' financial situation following the collapse of Refund Home Loans
  • Daniel So | 19 Oct 2011, 01:24 PM Agree 0
    I must admitt I laughed and laughed and laughed some more when I heard of the demise of our friend at Refund That business model was always going to fail. How Many successful businesses give away 1/2 their income. What a joke!
  • PaulGollan | 19 Oct 2011, 02:08 PM Agree 0
    The franchise code provides that the franchisor provide two years financials in the disclosure document provided to all new and renewing franchises. The franchise code was also amended to provide that a franchisor provide sample disclosure documents and franchise agreements on request in as close to possible to the final format on request. That being the case Refund would have had to provide their financials as part of their disclosure document.
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