ASIC has today released an information sheet for providers of debt management services that explains their new regulatory obligations, including the requirement to be licensed. The National Consumer Credit Protection Amendment (Debt Management Services) Regulations 2021 (Regulations), made on 29 April 2021, prescribe certain debt management services as a ‘credit activity’ for the purposes of the National Consumer Credit Protection Act 2009 (National Credit
Further to our report of the 9th December 2019 the ACCC has issued a statement: TasPorts declared to have misused its market power The Federal Court has declared by consent that Tasmanian Ports Corporation Pty Ltd engaged in conduct that had the likely effect of substantially lessening competition in the markets for towage and pilotage services in northern Tasmania, in
ASIC has today commenced proceedings in the Federal Court against Westpac Banking Corporation (Westpac) for insider trading, unconscionable conduct and breaches of its Australian financial services licensee obligations. The allegations relate to Westpac’s role in executing a $12 billion interest rate swap transaction with a consortium of AustralianSuper and a group of IFM entities (Consortium). The transaction occurred on 20
Telstra Corporation Ltd has paid an infringement notice of more than $1,500,000 after the Australian Communications and Media Authority (ACMA) found it failed to provide consumers with the opportunity to keep their existing local phone number when changing telcos, known as local number porting. Telstra suspended most of its local number porting operations from late March 2020 after experiencing COVID-19-related impacts on
Exclusive report: Just before midnight last night Tasmania Police clocked a motorcycle travelling at around 250 km/r on the Mangalore straight a local Government source told TVN this morning. The motorcyclist was spotted again minutes later doing similar speeds on the Midland Highway heading toward Hobart. We are told the rider turned off at Lampton Avenue into Goodwood with a
Exclusive report by Emily Baker of ABC Hobart: A second woman has accused Tasmanian Liberal Adam Brooks of pretending he was an engineer named Terry during a months-long relationship. They spoke mostly via messages and phone calls because of coronavirus restrictions. She believed he lived in Brisbane, looking after his sick father, but grew up and studied at a university
Following our live exclusive report last night Tasmania Police issue the following statement: Tasmania Police are currently investigating an aggravated armed robbery which occurred about 9.20pm on Sunday 2nd May 2021 at the Lighthouse hotel in Ulverstone. A male has approached the gaming lounge bar with what appeared to be the barrel of a firearm and demanded the cash drawer.
This coming Saturday, the 8th of May, the Liberal Party will be selecting their Federal Senate ticket for the next Federal election. Around 70 chosen Liberal Party members will be meeting at Campbell Town to decide in what order Senators Eric Abetz, Wendy Askew and Jonathon Duniam will appear on the Senate ticket. One of those chosen Liberal Party members