2015 Pre-Budget Submission Further support for continued funding of financial counselling
Related Projects
Consultation on the Bankruptcy System – Options Paper
Submission to: Attorney-General’s Department
Joint submission from the financial counselling sector in response to three proposed changes to the bankruptcy laws. We support a reduction of the bankruptcy period from three years to one year (subject to safeguards), argue strongly against changing the current eligibility criteria for debt agreements and support proposals to rein in untrustworthy advisors.
Joint submission from the financial counselling sector in response to three proposed changes to the bankruptcy laws. We support a reduction of the bankruptcy period from three years to one year (subject to safeguards), argue strongly against changing the current eligibility criteria for debt agreements and support proposals to rein in untrustworthy advisors.
Product Intervention Orders: Short Term Credit Contracts and Continuing Credit Contracts
Submission to: ASIC re Consultation Paper 335
Submission from the financial counselling sector to ASIC supporting the proposed use of their product intervention powers that would have the effect of stopping Cigno and associated companies using business models that take advantage of exemptions in the law and sees them charging consumers fees well above the maximum allowable under regulated credit. The submission draws on the casework experiences of financial counsellors and points out the substantial detriment these business models are having on people.
Submission from the financial counselling sector to ASIC supporting the proposed use of their product intervention powers that would have the effect of stopping Cigno and associated companies using business models that take advantage of exemptions in the law and sees them charging consumers fees well above the maximum allowable under regulated credit. The submission draws on the casework experiences of financial counsellors and points out the substantial detriment these business models are having on people.