Dr Jim Chalmers Shadow Treasurer

PO Box 6022

House of Representatives, Parliament House Canberra ACT 2600

 

 

Dear Mr Chalmers

 

Many retirees have been aught up in a scam called the Sterling Newlife rent for life scheme of which my wife and I are one.  I refer you to a letter sent to Mr Albanese by Denise Brailey outlining the scam and the devastating affect it has had on retirees

Dr Chalmers could you use your position in Parliament to refer the following questions to the treasure and assistant treasurer

 

Why is the Treasure stating the Sterling Affair is a state matter when clearly this is a Federal matter

 

Why is the Treasurer suggesting victims of Sterling write to the Ombudsman knowing full well that is a devious ASIC TRICK?  The same question relating to sending victims to AFCA that are controlled by the banks and hand out known dubious outcomes

 

Why did the assistant Treasure Michael Sukkar announce on 6PR 21st June 2019 he had ordered ASIC conduct an internal investigation into the mishandling of its investigations into the Sterling affair?  then why admit 6 weeks later no such internal investigation had taken place

 

Why has the Prime Minister not responded to the 200 letters and not publicly commented on his intentions re the urgent payment demands to cover $28.6 million in losses suffered by elderly people and rescuing them from probable - homelessness

 

ASIC negligence over 2011-2019 devasting consequences to sterling victims

 

Why has the treasurer not order a Royal Commission in to the Australian Securities and Investment Commission over the regulator's stated (by Mr Sukkar) mishandling of the sterling affair

 Why is the Treasurer tolerating ASIC's untruths of what it KNEW and when, and also tolerating ASIC's pathetic attempts to pass blame onto the State of Western Australia, when WA was the first to notify ASIC of its own obligations under Corp Law in 2015

 

 

Dr Chalmers we would appreciate any assistance you could give us to obtain justice.

 

Yours sincerely