Centrepay

News

Consumer Action Law Centre CEO Stephanie Tonkin said she was absolutely delighted that Minister Bill Shorten has announced consumer protections and reforms to Centrepay that restore it to its original purpose; that it should only be used by consumers to make regular voluntary payments for essential bills and expenses. (link to media release) “We have…

Read More New Centrepay Reform Bans Predatory Rent-to-Buy’s in Win for Consumers and Advocates

Money Yarns, Stronger Futures The consumer, credit and debt issues of First Nations consumers in Victoria. Integrated Practice Project Report 2021-2023

The Consumer Action Law Centre has today released a groundbreaking report titled Money Yarns, Stronger Futures. The report amplifies the voices of First Nations people, sharing their personal experiences to shed light on the significant challenges they face in achieving financial prosperity. Money Yarns, Stronger Futures not only highlights these challenges but also offers bold recommendations for both…

Read More Money Yarns, Stronger Futures – Highlighting Challenges and Bold Recommendations

Have your say on Centrepay

The Albanese Government has renewed its commitment to Centrepay reform, today announcing a range of short- and long-term priorities to improve the program. Australians who rely on Services Australia’s direct bill paying service Centrepay are encouraged to join advocates, business and other stakeholders to share their views and experiences as part of a nation-wide call…

Read More Community Consultation on Centrepay Reform

debt, finance, money-1157824.jpg debt, finance, money-1157824.jpg

First Nations and other consumer advocates have welcomed the extension of ASIC’s interim Stop Order on Coral Coast Distributors (Cairns) Ptd Ltd trading as Urban Rampage (Urban Rampage) retail stores, where customers enter agreements to pay for goods on credit through Centrepay deductions. The original stop order was imposed because ASIC received complaints about Urban…

Read More Continued Ban of Business Centrepay Use in Remote Australia Welcomed as Advocates Call for Broader Centrepay Reform

#SaveSorryBusiness

Youpla’s liquidators also revealed the company has had over 150,000 policies active at different times between 1992 and 2019, with around 20,000 still active in 2019. This reveals the scale of the harm caused to First Nations communities and provides insight into how their exploitative model relied on ‘churning’ sign-ups and cancellations to maximise profits…

Read More New liquidator data reveals ‘targeted exploitation’ of First Nations communities through Centrepay system