While a Blue Card has previously been recognized as completion of training with regards to Induction training for the construction industry, this card has now been replaced by a new White one. However, the older cards are still acceptable as proof of required training. Therefore, at this point and time only new trainees will receive the new White cards.As for the older cards, while still honored, these have now been replaced by the White cards in order to comply with new National guidelines. So, although the older cards still act as proof of Induction training, workers who complete such training will now receive a Construction White Card in place of the old one. In addition, there is no additional training required for existing card holders in order to obtain these new cards.For, while a number of companies offer general Induction training coursework, this coursework has only been available through in-house programs to school officials within the Queensland educational system since 2007. So, while there has yet to be a new educational program developed to align with the requirements of the new White Card, no such system exist to date. However, there are hopes of a one day training session with no refresher training requirements which will allow employees the benefit of training with only one day away from the job.Also, while such cards are not required for maintenance jobs such as replacing a drainpipe which has been lost, a card is required if replacing such a pipe due to a break in the line, system or drain. So, it can be a rather fine line at times with regards as to who needs one and who does not. Basically, if building or rebuilding an item, then such a card is required. Whereas, if doing basic maintenance and repair, generally such a card is not necessary.As such, one may want to determine which type of jobs one is most interested in completing once licensed. For, if only providing light maintenance and minor repairs, one may not be required to obtain such a card. However, if working to rebuild damaged materials, build new construction or other work which requires a great deal more knowledge and skill related to National guidelines and laws pertaining to same, then most likely a White card will be required to complete such work. Therefore, in order to avoid training which may be unnecessary, one may want to look at the jobs one may be doing both now and in the future to determine if Induction training is the right way to go.Still, in order to have the best possibility at finding as many construction related jobs as possible, one may want to look into training and obtaining a White Card. For, only those who have completed training and are licensed to work in construction in Queensland may do so. So, regardless as to whether one works on small maintenance jobs or larger projects, one can find a great many more opportunities by doing so.So, whether one holds either of these construction cards, one is licensed to work in Queensland. In addition, for individuals already holding an older card, no additional training is necessary or required to obtain a new White one. This is because while there are a few changes with regards to work related issues, most individuals have been notified on the job as well as through educational systems with regards to such changes. Therefore, such a card is only needed as proof of Induction training which remains a requirement to work in Queensland.To this end, whether Blue or White Card, one who holds such a card can now legally work within the Queensland construction industry until a time such card expires. However, one may still want to go through the new training sessions in order to better understand the new National laws which relate to such work. However, such training is not a requirement. Therefore, whether one has an existing card or a new White one, one is licensed with regards to performing a variety construction and maintenance work.
In recent years two new loan products have become more and more popular in the United Kingdom – logbook loans and payday loans.Both advances are short term in nature and don’t require a credit history check to be approved. Both loans also charge a rate of interest on the loan amount that’s somewhat higher than that offered by traditional financial institutions.As such both products are also aimed at the same market – that is people who don’t qualify to borrow from traditional institutions – usually because they’ve got a credit rating that’s impaired.This is perhaps where the similarity between the two products ends. The two loans are dramatically different from each other in nature. The following is a comparison between the two:Collateral used in the loanWhen you borrow with a payday advance, the lender extends the amount to you against your next pay-check. This essentially means that you give the lender a post-dated check inclusive of the interest charged on the amount you’ve borrowed from the lender. The check is then cashed on your payday and your advance is cleared.In the case of logbook loans, you borrow against a vehicle (can be a car, van or even a motorcycle) owned by you. The logbook loan requires your vehicle to be free or almost free of any prior financial finance. in good working condition and have proper insurance. The logbook loan also requires you to hand over only the logbook of your vehicle to the lender. You are allowed the use of your vehicle during the tenure of the loan. However, if you fail to repay the loan with in accordance with the agreement the lender can sell your vehicle in order to reclaim the loan amount.Amount of loanThe amount extended by payday loans is often referred to as ‘cash advances’. The amount you can avail through a payday loan is largely dependent on your pay-check. This makes the amount relatively small in nature. It’s extremely difficult to borrow a significant amount of cash loan via payday loans.The logbook loan lender has the capacity to extend a loan up to 75% of the value of the vehicle you own. Logbook loans can range anywhere between £500 and £50,000. The amount extended in a logbook advance is usually a combination of the worth of your vehicle and your estimated capacity to repay the loan.Rate of InterestThe tenure of a payday advance is rarely more than thirty days. Because of the short term nature of this loan, the rate of interest charged on such a loan is designed to give the lender maximum benefit in the shortest amount of time. This means that as a borrower of a payday loan you realize that you are paying the lender a significantly larger amount than you borrowed owing to the high rate of interest charged.The logbook loan has a rate of interest higher than that charged by traditional financial institutions. But when you compare the rate of interest charged by logbook loans to those charged by payday loans, logbook loans can charge a significantly lower rate of interest thus, saving you a lot of money you would otherwise end up paying as an interest on a payday loan.