BFCSA Blog

Most doctors would help terminally ill die: AMA The Australian 12:00am November 24, 2016 Jamie Walker   A majority of doctors would help terminally ill people die if ­voluntary euthanasia became law, a landmark survey of GPs and medical specialists by the AMA has revealed. The Australian Medical ­Association will today unveil a policy rejecting euthanasia and doctor-assisted suicide, but which acknowledges for the first time that right-to-die laws are ­“ultimately a matter for society and government”. The position statement, previewed exclusively by The Australian, spells out how doctors can ethically give drugs and treatment to dying patients that hasten death, provided the intent is to ­relieve suffering. The AMA spent a year revising its stance on euthanasia after the hot-button issue was revived by an ultimately unsuccessful cross-party bid in South Australia to push right-to-die legislation through the state parliament and ongoing moves to frame such a law in Victoria...

Dear members First and foremost the Senate hearings into ASIC have been known about for some time , it just seems incomprehensible why it was left so late to book a venue or confirm dates. I realise the  election and its run up caused many issues so I don't know whether its bad timing, bad planning or a deliberate act to shield ASIC from the"mob" who gather to voice their protests at ASIC  performance. To give people less than a weeks notice of proceedings is very inconsiderate, Denise for example has to up stumps from country W.A. If Greg Medcraft is appearing how much notice did he get considering his busy schedule at IOSCO and ASIC? If there were any motives to dampen BFCSA attendance and numbers its failed because we will be represented and Denise will be our voice loud and proud. Short notice of the hearings might diminish the...

Dear members I have just read Denise's supplement to her Senate submission. First I would like to say a heart felt thanks from all of us for the long hours and effort that you and your helpers have dedicated trying to help a group of people who the majority of you have never met. There are reasons why things happen in life, some call it fate , others say karma but whatever the reason, here you are leading a band of just over eleven hundred souls taking on a failed system in the persuit of justice. What a perfect storm the banksters had, they had engineered the perfect product. These low doc, no doc and full doc loans could be manipulated to pay back high interest and no principle in most cases, they're a higher return than variable loans and when they start to implode like they're geared to they offer...

Hello to all,              Just had to add a blog about the weirdness that evolves around FOS and their constant need not to know their own job? They have closed my case again 3rd time?!! And said it is a COSL dispute now as the debt was sold ?? How can the debt be sold when it was under investigation number 1? Then number 2 when I enquire, I'm told the debt has never been sold and is just being managed by another company?? How do they not know this? To make it more interesting FOS have stated that there is an issue and the lender has something to answer for?!! Ok so in my favor....then bam... It is passed on before anything is done!! Tsk tsk tsk will be adding onto the Senate inquiry asap if someone doesn't get their act together, I have it all in black...

  Would ASIC like to tell the Australian Public why they think they need more powers??? As Senator Helen Coonan said, ASIC doesn't lack powers, it just fails to use them. We would add that ASIC uses and abuses their powers at their own discretion as they are not truly accountable to anyone! So why are we continuing to fund this outrageous organisation? Who's responsible and how do we get rid of this ASIC, an uncontrollable lawless monster from another century? In the vast experience of borrowers, investors and other consumers of financial products in this country ASIC has not served our interests - in fact quite the reverse. It is true that ASIC has the blood of honest Australians on its hands. Bottom line: ASIC doesn't work and we're not sure what it does, apart from write reports, give speeches and issue self-congratulatory media releases. The information below is a...

Emails reveal special ASIC exemptions for fund managers December 9, 2013 Michael West     Business columnist  SMH Top brass at the Australian Securities and Investments Commission have claimed on a number of occasions that the corporate regulator does not do favours. However, a series of internal emails obtained by Business Day shows ASIC gave special exemptions to the funds management industry after requests by its peak lobby group. The exemptions give big fund managers relief from having to provide reasonable and appropriate advice to their customers - including disclosing the effect of fees on a fund's investment performance. In the lead-up to the Super Choice reforms in 2005, where for the first time investors would have been able to choose between low-fee industry funds and higher-fee retail funds, the Investment and Financial Services Association (IFSA - since renamed Financial Services Council) lobbied ASIC to amend the laws. ASIC duly provided exemptions...

Dear Member "In my opinion, ASIC is a maladministered agency with a bad culture that manifests in officers ignoring the law and not taking timely enforcement action, doing favours for professional colleagues in industry, concealing or manipulating information, and otherwise acting without integrity so that the agency can avoid responsibility for its regulatory failures." Members the above sentence is not mine. It belongs to Jeffrey Knapp a Lecturer in Accounting at the University of N.S.W. This man is a prominant authority and his submission 274 is just another damning insight into how useless and waste of tax payers money ASIC is. The one thing that is blatantly apparent from reading all the submissions is that ASIC's inaction has cost investors hundreds of millions of dollars, enough in fact to get this great country out of debt. All the different investment schemes and the banksters diabolical lending practices have cost this country...

Dear Members  The depth and breadth of the Senate submissions so far is quite astounding.  As you would expect the bulk are aggrieved borrowers and investors who through the failings of ASIC to do the very job they were created to do, failed dismally which resulted in many borrowers facing financial ruin. There is a huge cross section of Australian society involved, everyone from senior legal university academics, various law firms, business leaders, state and federal government agencies, banks, brokers, consumer groups and of course the multitude of victims and the list just keeps getting bigger. There are definite patterns forming, as expected all state and federal agencies have circled their wagons and given ASIC the thumbs up to protect their public service brothers and sisters.  The legal fraternity seem to favour them as well.  I suppose whilst ASIC exists there will be plenty of work for them. Its quite obvious  some submissions want to placate...