OUR SUBMISSION to Senate re ASIC Failures IS VITAL
5:27 PM (16 hours ago)
Here is a small window of opportunity: Please see today’s BLOG onsite.
Submissions are now open for business – everyone needs to send in submissions. This is your personal chance to tell your story and what you think the Senators should do to fix the problems with ASIC
The senators acknowledge there is a problem with ASIC that’s why they have used their powers to demand ASIC answer questions!
What ought ASIC have done with regards to investigations into the Bankers……………………whose writing was on YOUR Loan Application document???????
Was it altered in writing other than the broker handwriting? Say so…………….it was therefore AFTER THE FAX so it was inside to the bank
What have ASIC done to investigate the handwriting of credit assessors and then investigate the engineers WHO DESIGNED THE Service Calculator
Why didn’t ASIC assist with getting you copies of the SERVICE CALCULATOR or the LAFs?
Why did ASIC tell you to “get a lawyer” when they knew you were broke and could not afford that luxury?
Were you angry about that?
Did they see patterns of widespread abuse of ordinary people? Did they fail to investigate serious issues?
YOUR TURN AND, THAT MEANS EVERY ONE OF YOU PLEASE. No excuses.
We want to flood the Senate Inquiry INBOX or MAIL BOX.
The Australian Securities and Corruption Commission will soon be in the Hot Seat. We are lining up a few choice questions.
Time for all to write their submissions to the Senate. Ask not what your country can do for you, ask what you can now do for your country (JFK 1962)
Would you like to see a new Consumer Protection Agency? Stick to the Terms of Reference: Time for you to now judge ASIC's performance:-
Senate Standing Committees on Economics
PO Box 6100 Parliament House Canberra ACT 2600 Australia
Terms of Reference
The performance of the Australian Securities and Investments Commission (ASIC), with particular reference to: (a) ASIC's enabling legislation, and whether there are any barriers preventing ASIC from fulfilling its legislative responsibilities and obligations; (b) the accountability framework to which ASIC is subject, and whether this needs to be strengthened; (c) the workings of ASIC's collaboration, and working relationships, with other regulators and law enforcement bodies; (d) ASIC's complaints management policies and practices; (e) the protections afforded by ASIC to corporate and private whistleblowers; and (f) any related matters.