1. From a corporations law point of view you may need a new director. You shoudl also consider the terms of the loan agreement – may need bank’s consent.
2. Loss of the 50% CGT discount. No income to offset any losses (other than rent). Losses may carry forward.
3. Consider if you will actually be a non resident. There is a recent case where an aussie went to dubai for work for a number of years yet he was still a tax resient here.

Best to seek tax advice on this.

Yes, they probably can charge you LMI. This is payable upfron on the loan amount. LMI and mortgages are ‘governed’ by the banks. If you want to make a complaint the first point of call would be to the bank’s complaint department and then try to get onto COSL or the credit ombudsman.

It is the same principle. If you make a loss from a legitimate business or investing in houses this loss can be used to offset other income. For property it works if you have an ABN or not (because property investment is not a business ususally).

If you start offering services to others then this would be a business and you could claim associated costs, including travel you make in connection with the income.

Not a very good idea to invest in property in a company and certainly not a trading company. You could easily lose the property.

Gifts aren’t taxed in Australia. – as long as it is not really income.

You should consider the asset protection aspects of receiving this gift too.

Having an ABN won’t change anything. You cannot contract with yourself and even if you could the income would cancel out the deductions. Nor could you claim more expenses just by having an ABN. If you are contracting with others you could claim expenses associated with the production of this income.

Would you need any licences?

If you are considering moving the residence into a trust then you will need legal advice – probably by a NZ lawyer or a lawyer across both jurisdictions. You should also consider the tax aspects as well as the asset protection and estate planning aspects. THe loan will need to be discharged and applied for by the trustee, not just a refinance/

no gst on residential property unless new.

its rare to be audited.

It is just a lease with an option to purchase and a contract of sale. Most property lawyers could do this, but try Lewis O’Brien who is a Vic lawyer experienced in vendor finance type deals.