It depends on the situation. generally double duty in VIC and in SA. You should seek legal advice before signing any contract.

Does the electricity and water show any usage?
What about photos?
drivers licence?
electoral roll
internet connection
mobile phone bill showing location
Evidence in the form of affidavits or stat decs if need be by other family members, neighbours etc.
It will come down to how thorough the audit is.

Start off with the end in mind.

You could gift a small sum to a trust and borrow back with the trust taking a mortgage to secure its debt. Later on the trust might lend you more money which increases your debt to it. The longer this happens the stronger it will be.

Looks like you are right:
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HL8. Owner occupation and leasing
Note:
This clause does not apply to investment loans.
HL8.1 Consent to lease
If we give you the Loan so you can buy or build a home to live in, you must not lease the home without our prior consent
(see clause 11.2).
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Are you sure about that? The ones that I have read have a similar clause, but another clause says you don’t need permission if renting out under a standard residential lease.

You should get legal advice on who should be the mortgagee – I would not recommend a company generally.

if not audited then no problem. If audited you would need evidence you lived there.

It could be a company but who would own the shares?

I see – it is just a marketing term. More commonly called the ‘gift and borrow back strategy’.

My answers to your questions below:
– What is an Irrevocable Mortgage?
A name for a strategy where a related entity places a mortgage over the property of another entity. It is not really ‘irrevocable’.

– How do you utilise this to protect your equ…[Read more]

There is no minimum requirement to live in the property, but it must be reestablished as the main residence again. You property could possibly exempt from CGT if you sold before Oct 2019.

Sounds like something that is from America.

Who would be the mortgagee and what would it secure? Where did you hear about it? was the person legally qualified and licenced?

I think this may be the one King referred to which is in the legislation:
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Example: You live in a house for 3 years. You are posted overseas for 5 years and you rent it out during your absence. On your return you move back into it for 2 years. You are then posted overseas again for 4 years (again renting it out), at the end of which you sell…[Read more]

To be sure we are talking the same thing, can you copy and paste the example?

I have never seen MPR either. In commonwealth tax it is known as the main residence (since 1997) and NSW tax it is called the Principle place of residence.

Yes the 6 year rule can be reset if a person moves back again. Look at the actual legislation and the example given:
http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/itaa1997240/s118.145.html

Bic could be totally exempt.

Who was the seminar with?

My hunch is that they offer buyers agent services

There can be advantages in using a loc and not mortgaging the property being purchased. One is that when you subsequently do mortgage it and borrow against it the lender can lend based on value and not purchase price.
E. G. Find a house valued at $100k and buy it for $80k using a loc secured against another property. 1 day after settlement apply…[Read more]

Yes and it could be done so as to maintain deductibility of interest

Borrow against the main residence as and use this 25% as deposit and costs and borrow 80% against the new property.

Even though you may live in the new property consider the tax consequences of if you were to move out so as to structure things in a way where all the interest would be deductible on the full purchase price plus costs.