Financial

AUSTRALIAN FINANCIAL LEGAL RESOURCE OPTIONS

Compound Interest Calculator

DEBT COLLECTION – Australian Securities and Investments Commission 

Debt Collection Guidelines

Debt Collection Practices in Australia 2009

OMBUDSMAN SERVICES

FOS

Consumers 1300 78 08 08

Telephone  03 9613 7366

Fax 03 9613 6399

ADMIN  info@fos.org.au

PRIVACY privacy@fos.org.au

Financial Ombudsman Service Limited

GPO Box 3
Melbourne VIC 3001
(Australia)

COSL

The Credit Ombudsman Service Limited (COSL) is an independent and impartial third party that will review your dispute free of charge. However, you must give the other party the opportunity to resolve your dispute before COSL can investigate the matter.

Website:   www.cosl.com.au

Email:  info@cosl.com.au

Mail:    Case Management Team, Credit Ombudsman Service Limited, PO Box A252, Sydney South NSW 1235

Telephone:  02 9273 8440

Facsimile:    02 9273 8400 or 1800 138 422

SCHEME FOR COMPENSATION

What is the CDDA Scheme?

The CDDA Scheme allows Government agencies to compensate persons who have experienced detriment as a result of an agency’s defective actions or inaction.

The CDDA Scheme is available to provide a remedy for all Financial Management and Accountability Act 1997 agencies.

Payments made under the CDDA Scheme are discretionary. This means there is no automatic entitlement to a payment.

CDDA Scheme

  • Detriment Caused by Defective Administration

OTHER RESOURCES:

If you are experiencing financial hardship legislation provides consumers with certain allowances/protection.

Refer to these organisations and various legislative publications and for further information:

The National Consumer Credit Protection Act and The National Consumer Credit Protection Reform Package

see www.treasury.gov.au

Credit Act

Australian Consumer Law

Consumer Credit Website

Bankruptcy Act 1996

Where a customer declares bankruptcy, debt becomes “Statute Barred”. Depending on the customer’s financial situation, payments against a debt may be required under the terms of the Bankruptcy Act. Responsibility to determine whether payments are required rests with the Trustee of the bankruptcy. The debt is notified to Insolvency and Trustee Service Australia in the event payments become necessary under the Act. Subsequent discharge of the bankruptcy relieves the customer of the legal liability to repay the debt, but it does not expunge the debt as if it had never existed.

If you have any questions please feel free to write in using the form below.

We suggest you use Categories to the left to search blogs on related articles.

VICTORIA 

The Law Handbook

CODES OF CONDUCT

NEW SOUTH WALES

Financial Rights Legal Centre

TO YOUR PEACE OF MIND

 



UNITED STATES OF AMERICA

Website – Sue Wrongdoers

UK Regulator
FCA

http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid

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