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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: ACCC forbidden by Courts to assist in Consumer Disputes

Posted by on in ROYAL COMMISSION URGENT
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So who is looking after Consumers against the BIG END of Town - what a dog's breakfast.  Australian Government hoping that Consumers SPEND SPEND SPEND and then die!!!!   This email address is being protected from spambots. You need JavaScript enabled to view it.

 the court found that the ACCC cannot hear or determine these disputes.

http://consumersfederation.org.au/accc-ceases-arbitrations-following-court-decision/

 

ACCC ceases arbitrations following court decision

 

The Full Federal Court has handed down its decision on a judicial review application originally commenced by Telstra on 3 January 2014.

 

Telstra sought review of the Australian Competition and Consumer Commission’s jurisdiction to arbitrate three disputes that were notified to the ACCC by Vocus Fibre Pty Ltd, Adam Internet Pty Ltd and Chime Communications Pty Ltd.

The disputes were notified to the ACCC under the Telecommunications Act 1997 and concern Telstra’s proposed variations to charges for access to facilities, including space for equipment in Telstra’s telephone exchanges and ducts, pursuant to agreements with the access seekers which allowed Telstra to notify variations to charges. The access seekers did not agree to the varied charges notified by Telstra.

The issue before the court was whether there was a dispute which could be arbitrated by the ACCC in these circumstances.

In the first instance Justice Flick held that there was a failure to agree and accordingly found that there was a dispute which could be arbitrated by the ACCC. On appeal, the Full Federal Court has decided that the parties did have agreed terms and conditions in relation to charges and the disputes related to the implementation of those agreed terms and conditions. Therefore the court found that the ACCC cannot hear or determine these disputes.

In light of the judgment the ACCC will cease arbitration of these matters.

 

- See more at: http://consumersfederation.org.au/accc-ceases-arbitrations-following-court-decision/#sthash.Yaq32WfV.dpuf

 

 

 

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  • organza
    organza Wednesday, 17 September 2014

    Ever felt like you are living behind an iron curtain?

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Guest Monday, 18 January 2021