16 September 2021
… 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 … APRA/ASIC/ACCC/AUSTRAC
Banking / Finance
9 September 2022
… and impacts on Aboriginal communities; the project’s relevance to national security; and any related matters. The committee will report by the first parliamentary sitting day of 2023. Click here to watch the video of Roberts explaining his motion and Sen. Sterle's response . Senator … this to us. I think it’s a magnificent thing, and I also think this is what we should be doing. These are the big-ticket items that, when I first came into the Senate, lo and behold, I thought we would be discussing on a daily basis. How tricked I got! But, anyway, at least let’s get back to the big stuff about building a better nation, as I said in my first speech, and leaving it better than how we found it. … “I want to support this, and we will support this, Senator Roberts. I understand the … Infrastructure
10 February 2022
… years ago, I held a rally for 180 elderly persons who were cruelly tricked into a terrible Ponzi scam, engineered in Western Australia. The “Sterling First” scandal hit the headlines telling the story of innocent citizens being coaxed into selling their own homes, signing WA Tenancy Leases, … get possession of their “forever” home. Over $18 million had been stolen, or as the directors suggested, it disappeared down a black hole. The Sterling First scandal dragged on, with State and Federal regulators blaming each other with no respect paid to the elderly victims and their … Federal Election 2022
22 March 2023
… Party Media Release On Friday 24 March, Senators on the Rural and Regional Affairs and Transport Committee will gather in Canberra to hold the first public hearing into Project Iron Boomerang—one of the largest infrastructure projects ever proposed in Australia. Iron Boomerang is a multifaceted infrastructure project that carries a price tag of $100 billion. Upon completion of the first stage, the project would deliver a 3,300 km rail line from QLD to WA; a fleet of 180 gas-electric locomotives; 10 state-of-the-art steel … Managing Director and project founder Shane Condon has appeared before several state and federal committees to promote the project. This is the first time the project has been exclusively investigated by Federal Parliament. The Senate voted to launch an inquiry into the project on 5 … Infrastructure
1 June 2022
Australia Post
APRA/ASIC/ACCC/AUSTRAC
Royal Commission
29 September 2021
… to the financial advisors who were talking them into ploughing their savings into the scheme. In the current case of the collapse of the Sterling First rent-for-life scheme, the directors targeted the 140 or so elderly pensioners and retirees with very sophisticated pitches, offering them all … first to ask if there were any red flags they should know about, only to be reassured by ASIC that there weren’t any, despite ASIC knowing that Sterling directors had a history of failed financial schemes. For those victims, caveat emptor is an excuse for letting the predators get away with … APRA/ASIC/ACCC/AUSTRAC
24 November 2021
… Services Royal Commission. No such luck: the determined efforts of a handful of elderly pensioners ripped off by the repeat offenders at Sterling First have reignited public interest. With the Senate Inquiry into Sterling we may be on the cusp of forcing genuine implementation of those recommendations—starting with compensation for victims— which the … Economy / Trade
8 January 2016
Bail-in
Europe