Sector News (Page 7)

13 April 2017

Productivity Commission says it’s time to invest in consumer advocacy and research

Australia’s peak consumer body, the Consumers’ Federation of Australia, today welcomed a finding from the Productivity Commission to plug the funding gaps in consumer research and advocacy.

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7 April 2017

Australia’s household debt crisis is worse than ever as bills pile up and wages flatline

It’s incredibly cliched, I know, but in Australia right now, it’s true: the rich are getting richer, and the poor — well, you know the rest.

We’re talking credit card debt, and mortgage repayments. But those bills are becoming harder and harder to meet as the price of gas and electricity rises, and wages continue to grow at a snail’s pace.

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4 April 2017

Empowering Low-Income Households through Electricity Decarbonisation

Rising energy prices hurt people experiencing poverty and disadvantage. As does climate change. At the moment Australia is failing to address either. Change is urgently needed.

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29 March 2017

Radio Rentals facing class action over ‘Rent, Try, $1 Buy’ scheme

Retail giant Radio Rentals is facing a class action on behalf of thousands of customers who have allegedly been ripped off while leasing household goods.

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27 February 2017

Free basic computer skills tutorials!


For FREE basic computing skills tutorials click on the web-link above!

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21 February 2017

Banking Code compliance monitor welcomes review of its work

The Code Compliance Monitoring Committee (CCMC) has welcomed the findings of a review of its work monitoring compliance with the Code of Banking Practice.

Thirteen banking groups – covering 95% of the Australian retail banking market – subscribe to the voluntary Code, which sets standards of good practice in the banking industry. The CCMC is the Code’s independent monitoring body.

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8 February 2017

Register Now for SAFCA PD Day

Go to the “continuing professional development” page in the members area to register.

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31 January 2017

Government response to the final report of the review of the small amount credit contract laws

The Turnbull Government has today released its response to the final report of the independent review of the small amount credit contract (SACC) laws.

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, said the Government supported the vast majority of the recommendations, in part or in full.

“The final report has made a number of recommendations designed to increase financial inclusion and reduce the risk that consumers may be unable to meet their basic needs or may default on other necessary commitments,” Minister O’Dwyer said.

“Implementation of these recommendations will ensure that vulnerable consumers are afforded appropriate levels of consumer protection while continuing to access SACCs and leases.”

To read the full article, click on the link below


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30 January 2017

Afterpay is the new way to pay but is it a good idea or should we still use cash

THE instant gratification of purchasing goods and walking away with them in hand without paying a cent is becoming so normal now shoppers don’t even blink an eye.
We want things now, right now, not later, regardless of whether or not we can afford them.
Long gone are the days of using the old-fashioned lay-by system that I remember vividly growing up to pay for goods.

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24 January 2017

Financial Counselling Australia Announces New Board

Financial Counselling Australia is delighted to announce the membership of its inaugural Board under its new constitution.

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