Asic has banned Urban Rampage from the Centrepay system, saying its credit arrangements for customers on Centrelink payments were ‘inherently inappropriate’.Asic has banned Urban Rampage from the Centrepay system, saying its credit arrangements for customers on Centrelink payments were ‘inherently inappropriate’.
“This stop order sends a very strong message to others operating similar models,” he told Guardian Australia. “Where Asic sees credit arrangements that are causing serious harm to consumers … Asic will act and will act strongly.
Calls are mounting for a full review of the system to increase compliance, transparency and strengthen auditing processes. also revealed “Asic is running an inherently racist test case of its powers and using First Nations people as guinea pigs,” the spokesperson said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I just kept paying’: Indigenous people are being exploited by businesses using Centrepay debit schemeMany of those who sign up are from regional or remote communities, speak English as a second or third language and have limited access to clothing, household goods and services
Source: GuardianAus - 🏆 1. / 98 Read more »
Landlords charging Centrepay transaction fees to vulnerable tenants against scheme policyAdministration fees for debit system should be covered by business but renters – including a disability pensioner – have still been made to pay
Source: GuardianAus - 🏆 1. / 98 Read more »
Government ignored warnings more than 100 companies may be misusing Centrepay scheme, Asic saysServices Australia’s failure to act ‘inexcusable’ and urgent action needed to help people struggling to get by, senators say
Source: GuardianAus - 🏆 1. / 98 Read more »
Morning Mail: pressure mounts over Gaza, agency warned about Centrepay, Taylor Auerbach to return to standWorld Central Kitchen urges Albanese government to join call for inquiry into attack; Asic gave repeated heads-up to Services Australia about problems
Source: GuardianAus - 🏆 1. / 98 Read more »
Second energy firm wrongly received money from welfare payments under Centrepay schemeServices Australia is working with Ergon to return overpayments, prompting fears the issue first identified at AGL could be widespread
Source: GuardianAus - 🏆 1. / 98 Read more »
A scheme meant to help people avoid debt is now causing it – Centrepay needs urgent repairA system meant to help people on Centrelink pay for essentials has crashed wildly off course, becoming a vehicle for economic abuse and predatory businesses
Source: GuardianAus - 🏆 1. / 98 Read more »