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Proposed Changes to the Financial Institutions Government Legislation

DASH-ONE ACCOUNTS

THE

Hand Holding Coins

THE DASH-ONE ACCOUNT ELEMENTS

1. Dash-One Account On Your Home Loan

2. Dash-One Account for Your Tax Free Income Savings
 

The Elements Proposed In The Dash-One Account are To Move The Money Away From The Antiquated Inflation Rate Increase and Proposed Taxes To A New Systems That Benefits The Australian People

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The Money Raised by Inflation Rate Increases is Your Money NOT the Banks

The Reserve Bank of Australia Uses Higher Interest Rates to Control Inflation and This increases the Profits of the Banking Institutions

Commercial Banks Do Not Loan a Large Percentage of Money from the Reserve Bank. The Banks already have Access To Funds That Contribute to Their Profit

Modern Curved House

ELEMENT 1.

Your Dash-One Account On Your Home Loan
Moving The Money to You

Currently The Reserve Bank Increases Your Home Loan Rate and The Banks Currently Keep The Money As Profit However - Instead -

This Money Will Be Deposited With Your Bank Into A Separate Account With The Same Numbers As Your Current Home Loan Account But With A Dash-One At The End (e.g. 1234567-1)

The Inflation Rate Money Stays In Your Home Loan Dash-One Account And Is Used To Pay Out Your Loan Earlier Or Reduced At The Inflation Rate Deposited Amount

The Levers of Control

The theory of increasing the interest rates by the Federal Reserve is that it makes borrowing more expensive for consumers and businesses.

This, in theory,  reduces your desire to spend or purchase because it costs you more.

 

The Theory of Interest Rate Hikes
Reserve Bank Of Australia Link
The Bank Profits Increase At Your Expense

Historically, banks have raised funds for mortgages through pooling customer deposits and then loaning those funds to other customers, by charging a level of interest (Not By Loaning From The Reserve Bank Of Autralia).

However, as the composition of funding that makes up banks has changed, so has the way they finance loans. While over 60% of bank funding in Australia is still financed by domestic deposits, the composition of funding also includes long-term debt, short-term debt, equities, and securitisation of assets.

The money gained from increased rates to fight inflation is ust more profit for the bank.

The Element 1 Synopsis

A $500,000.00 Home Loan at 6.29% over 30 years is $3,092.00 per month = $1,112,978.00 over 30 years.

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A $500,000.00 loan at 6.79% (0.50% higher due to increased inflation control rates by the Reserve Bank) over 30 years is $3,257.00 per month = $1,172,267.00 over 30 years.

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The increased difference of $1,172,267.00 - $1,112,978.00 = $59,289.00 (the bank currently keeps this)

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YOUR DASH-ONE ACCOUNT On Your HOME LOAN

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Deposited inflation rates will equal $59,289.00 over 30 years and/or, your Home Loan account has additional funds to be paid out approximately 18 months early.

HOW THE DASH-ONE HOME LOAN ACCOUNT of 2026 WORKS

The Australian People call for a “Special Account” with the proposed name of   -      THE DASH-ONE HOME LOAN ACCOUNT to become in force as of April 1st, 2026.

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The DASH-ONE Account is based on a Property Mortgage Loan Account where the Bank encumbers your property.

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If a Property Loan Account number is 01234567 then your Bank or Financial Institution must establish a separate DASH ONE account. Your additional separate account will typically read as 01234567-1.

 

CONDITIONS and PROCEEDINGS

  1. The control of inflation by increasing Property Mortgage rates was originally designed to protect Australians from inflation, not to increase bank profits.

  2. All Banks and associated Finance Institutions will establish a DASH-ONE Account and pay 0.55% from the 1st of April 2026 to signify the start of the Dash-One Account of the property mortgage paid by customers into a separate account defined as the DASH-ONE Account.

  3. Funds of any further increase or decrease in Interest Rates are administered through the DASH-One Home Loan Account

  4. The RBA and its principal management are responsible for ensuring all Banks and Institutions are audited in line with the DASH-ONE Account.

  5. Banks cannot increase their rates to accrue more profits from the inauguration of the DASH-ONE Account.

  6. The amount in the DASH-ONE Account is included to pay the Mortgage Payout figure

  7. Both accounts belong to the mortgagee, associated to the mortgaged property.

  8. The DASH-ONE Account cannot be drawn on as a reserve for payment defaults.

  9. The DASH-ONE account is encumbered in a default loan.

  10. The DASH-ONE account is included in the payout amount of the Property Loan.

  11. No bank can loan more money based on funds accrued in the DASH-ONE account.

  12. These Conditions and Precedings are not limited to the above.

Surfer on Beach

ELEMENT 2.

The Dash-One Account On Your Personal Savings

You can draw 20% every 5 years on the amount of money you nominate for Salary Sacrifice that will go into a Dash-One Account with your nominated Financial Institution

This is to encourage the Australian People to Save More and Spend Less. This Element is to slow inflation and increase your personal wealth.

The Element 2 Synopsis

  1. The amount of savings you have in a financial year will be deducted from being taxed as annual income 

  2. If you declare your income as $90,000.00 pa and you have been able to save $5,000.00 in that financial year then you are only taxed on $85,000.00 for that year.

  3. You have saved $5,000.00 plus income tax of approximately $1500.00

  4. There is No Tax on any funds withdrawn every 5 Years

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