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… Add your voice to calls for a Sterling-ASIC inquiry … 11 October 2021 - Citizens Party Media Release The suffering endured by the elderly tenants scammed by the Sterling First rent-for-life scheme is finally getting political attention, opening up the possibility of a Senate inquiry. Such an inquiry is absolutely …

… security of all Australians is at stake today, with the beginning of the Senate Economics References Committee’s hearings into the collapse of Sterling First. The 140 elderly victims of Sterling First, 17 of whom have died waiting for justice, are the tiniest tip of the iceberg of Australians whose lives have been ruined by …

… The West Australian’s 27 October 2021 report of the government’s failure to produce the ASIC document. The WA media especially are following the Sterling First inquiry closely. 27 Oct.—The new inquiry into the Sterling First collapse, and the role of the Australian Securities and Investments Commission (ASIC), has already started revealing important …

… 2021 - Citizens Party Media Release The current Senate inquiry into the Australian Security and Investments Commission’s (ASIC) handling of the Sterling First collapse is not off to a good start. Last week, ASIC and the government failed to comply with a Senate order to produce documents about the Sterling case by 26 October. In their letters making excuses as to why, Financial Services Minister and “Senator for Bankers” Jane Hume, and ASIC …

… ASIC overhaul requires paradigm shift … ASIC overhaul requires paradigm shift The elderly victims of the Sterling First scandal, robbed of their life savings by serial Ponzi schemers while the regulator, the Australian Securities and Investments Commission … Research Director Robert Barwick joined North in calling for Australians to contact their Senators and demand their support for an inquiry into Sterling First and ASIC. An inquiry is imperative to force the parliament to address the ongoing corruption and failings of Australia’s financial …

… Party. To subscribe to the Australian Alert Service , it's easy, and it's secure. Lead Editorial 1 December 2021 Vol. 23 No. 48 The latest Sterling victims to be evicted, Leonie Yates and Alex Tufekcic, on the 30 Nov. episode of ABC 7.30. “We had two and a half years of hell”, Alex said. Photo: Screenshot Like satellite footage of earth zooming in on a single detail, the Sterling First inquiry is now focused on the most important aspect of the case: ASIC’s failure to do its job. Exposing this failing has much bigger …

… . “For many victims, those hopes have now been dashed.” An example of a managed investment scheme excluded under the current CSLR structure is Sterling First, the rent-for-life scheme that collapsed in 2019, ruining 140 elderly pensioners and retirees who thought they were merely pre-paying rent … lives and had no idea they had been drawn into a complex MIS. As a current Senate inquiry has exposed , ASIC received repeated complaints about Sterling First at the very beginning of the scheme in 2015, and had received multiple complaints against Sterling’s responsible entity Theta since …

… their case. Click here to watch CITIZENS INSIGHT : The Aussie Battler versus The Giant Bank - Wayne Ditchburn & Rowena Hardy. The Citizens Party first reported Wayne Ditchburn’s case in the 25 August 2021 Australian Alert Service magazine, which opened: “Twenty-five million Australians are … be obliged to take those cases.” Wayne contacted the Citizens Party after learning of the plight of the elderly victims of rent-for-life scheme Sterling First, who face eviction from their homes due to the failure of the regulator, the Australian Securities and Investments Commission (ASIC), to ensure they received basic information that would have warned them of the risks. The Sterling First victims have been assisted by Denise Brailey, the founder of the Banking and Finance Consumers Support Association who has fought …