"I'm just shocked for words that, to describe how we felt receiving that, thinking that we've done the right thing by the family," he said.
Ms King and Mr Ailmore still have 64 years to run on their contract with Mr Ailmore describing it as "diabolical". Resort manager Classic Holidays gave them the unfortunate news, revealing their contract, which costs $2200 a year, runs until 2076.Ms King said their timeshare was a "black hole of money".
CHOICE Consumer Advocate Amy Pereira explains that they have made many complaints to ASIC over the years about the timeshare industry."We think ASIC really need to step up and regulate this industry properly," she said. After getting the run-around, they then also tried to complain to the Australian Financial Complaints Authority, who then told them they couldn't help because Cedar Lake is not an AFCA member.
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