Refinancing ATO Debt and Debt Consolidation


Refinancing ATO Debt and Debt Consolidation

The client came to us from her bookkeeper looking to refinance equity in her home to pay out her ATO tax debt and extract some cash for home renovations. She had previously been refused a refinance with her lender Bankwest and 2 other brokers were not able to assist.  She was stuck on a high rate and unable to get on top of the ATO tax debt.


Strategy & approach

BAS statements and no credit scoring

Due to the state of tax returns at hand a decision was made to use the last 2 BAS statements.  The business was doing well in the last 6 months.  A lender with flexible cash out policy including paying out ATO tax debt was sought.   While the rate was slightly higher than PRIME rates at the time, it was significantly lower than her current rate and allowed her to simplify her situation and consolidate all debt to a lower rate.



I’ve been working in collaboration with Adam on a difficult refinance situation for a client of my Bookkeeping business who was in significant financial crisis and refused a refinance both from her own long term bank and 2 other brokers. Adam was excellent – he spent a huge amount of time helping us and got us over the line. I am pleased to recommend him as a mortgage broker and will definitely be using his services again in the future when needed.

Wesley Toogood