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Call 1300 135 090 or email askcota@cotavic.org.au and we'll be happy to help you find the information you need. Our service is available between 10 am to 4 pm, Monday through Thursday.

Gifts, loans, and debts

Download the information sheet

It can be hard to see someone you care about struggling financially. Older people often get asked to help when family members are in difficulty and it’s sometimes hard to say no. Whether you have a lot to give or a little, it’s important to know your rights and responsibilities and what can go wrong when you help someone financially.

This information sheet covers what you should think about when considering a loan or gift of money or other assets. It also covers going into debt for someone, going guarantor and providing security for a loan.

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