Macquarie Investment Lending (MIL) expects an increase in the number of applications for capital protected lending products following the new capital protected borrowings rules coming into force on July 1.
The new rules, which were enacted last April, replace the interim methodology advisers had to work with in the past four years.
MIL welcomed the legislation as it had worked closely with the Australian Taxation Office and Treasury since 1998 to achieve tax certainty and improved outcomes for capital protected products.
MIL offers a comprehensive range of products, including Macquarie's Geared Equities Investment Plus and Macquarie Fusion Funds.
