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Traditional Credit Union (TCU)Interest, Fees and Charges
Brochure.tcu.com.AU
ABN 50 087 650 922
ADSL/Australian Credit License 244 255 Version 10,
11 May 2017Contents
TCU Interest Fees and charges..............................................................................................................
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What is interest fees and charges?
Interest fees and charges are additional costs incurred for borrowing money or using credit.
Who is required to file interest fees and charges?
Individuals or businesses who have incurred or charged interest fees are required to file them.
How to fill out interest fees and charges?
Interest fees and charges can be filled out on the appropriate tax forms provided by the tax authorities.
What is the purpose of interest fees and charges?
The purpose of interest fees and charges is to compensate lenders for the opportunity cost of lending money.
What information must be reported on interest fees and charges?
The amount of interest fees charged, the period for which they were charged, and the name of the lender must be reported on interest fees and charges.
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