back to article Software spec slip denies Westpac chance at a MILLION A DAY

Some of Australia's major banks' databases don't distinguish between loans to housing investors and owner-occupiers, meaning they're missing out on the chance to charge differential interest rates. Along the way, they're providing an object lesson to businesses that depend on IT: if you don't ask for a capability, you won't …

  1. P. Lee
    Mushroom

    Why should they charge different rates?

    The nonsense of it becomes clear if I release the equity in my own house to fund the rental property and then borrow for my own house.

    It turns out, Apple is "missing out" on charging extra for phones that will be used to make business calls, and Telstra is "missing out" because they don't charge you extra for calling businesses.

    Because of all this lack of profit, government is missing out on gst which would be charged on the higher prices.

    Therefore, picking a low-priced deal basically means you're against the government and anti-Australia as a whole. Love it or leave it, but we can't allow terrorists to stay here.

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