Open Banking Review Issues Paper – Joint Submission
Submission to: The Treasury
Related Projects
Cost of Living
Submission to: Senate Select Committee on the Cost of Living
This submission describes the cost of living pressures facing people seeking financial counselling support, which is showing up in increasing demand for financial counselling. The rising cost of living has a disproportionate affect on people with the least economic resources. The submission recommends further increases in the rates of JobSeeker and pension payments to prevent poverty, reviewing the supermarket unit pricing code to help people make informed shopping choices, regulation of Buy Now, Pay Later providers and wage advance products under the credit laws, waiving of persistent credit card debts by financial institutions and adequate funding for financial counselling.
This submission describes the cost of living pressures facing people seeking financial counselling support, which is showing up in increasing demand for financial counselling. The rising cost of living has a disproportionate affect on people with the least economic resources. The submission recommends further increases in the rates of JobSeeker and pension payments to prevent poverty, reviewing the supermarket unit pricing code to help people make informed shopping choices, regulation of Buy Now, Pay Later providers and wage advance products under the credit laws, waiving of persistent credit card debts by financial institutions and adequate funding for financial counselling.
Using the Product Intervention Power: Short term credit
Submission to: ASIC
We support ASIC using its product intervention power to prohibit short term lending models (the Cigno model). The short term lending model currently being used by Cigno causes significant harm to people and we urge ASIC to intervene urgently.
We support ASIC using its product intervention power to prohibit short term lending models (the Cigno model). The short term lending model currently being used by Cigno causes significant harm to people and we urge ASIC to intervene urgently.