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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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BFCSA: Commonwealth Ombudsman Colin Neave - Serious Questions for You from Ghosts of the Past

Posted by on in Corruption Exposed
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Dear Mr Neave.  We met in Melbourne in 2004.  At the time you were also the Banking Ombudsman (BAFSOL) from 1996 onwards to around 2008. This was the forerunner to FOS.  You recently became Commissioner for Information and now the Commonwealth Ombudsman.  Glory Be!  You ignored my pleas for investigations regarding Low Doc Lending, my concerns that Consumer Protection issues were being ignored.  You were also appointed as Commonwealth Consumer Affairs Advisory Council ("CCAAC") chatting at length with ASIC re spruikers etc and St George Bank implicated in dirty lending practices.   Wonder what your salary was for all these grand "positions."  Yes, sadly it appears you were happy to be paid to look in a different direction than that which would assist Consumers.

Problem for you Colin is that you Sir, have left a trail of debris even I find hard to climb over.  We are now in receipt of letters signed by you as to determinations anti the consumers who complained to you, and you protected the CBA and other major lenders circa 2003 - 2005.  More will be revealed on this site shortly.  Documents do not lie, people do.  Sadly, it appears you were part of the faithful "Gene Pool" we have been worried about for some time in our genuine attempts to protect consumers.

Anyone else have old BAFSOL Determination letters?  We would be fascinated to read them.

Yes and on the world wide web there are those that were really upset with you back in 1999:

Can you please explain this one?  Clearly the writer had an axe to grind......were there others?

Saturday, 18 August 2012

Colin Neave/Administrative Review Council/Commonwealth Ombudsman

Australia has now got a new shonky Commonwealth Ombudsman Colin Neave who replaced Alison Larkins who was acting in the role of the Commonwealth Ombudsman.

As the Banking Industry Ombudsman Colin Neave only investigated 18% of complaints. This clearly shows this person is unfit to become Commonwealth Ombudsman

Alison Larkins was referred to the Australian Public Service Commissioner in December 2011 under section 41(f) of the Ombudsmans Act for breaches of the  APS Code of conduct  and non compliance of the Ombudsmans Act.

The Australian Public Service Commissioner Steve Sedgwick attempted to cover this matter up and close files on anyone who made a complaint and had the necessary evidence of systemic corrupt at  Commonwealth Ombudsman.

In fact the APS Commissioner received 33 similar complaints from whistleblowers and referrals under s41(f)

Under FOI it was revealed that the AGIS are not applied by either the Commonwealth Ombudsman or the .Australian Public Service Commission. This allows serious systemic corrupt conduct to flourish in Government Agencies.

Coin Neave as a former Banking Industry Ombudsman and would be aware of this systemic corrupt conduct and was involved in it and applied it as banking Ombudsman.

 Part of the selection panel who appointed Colin Neave to this position was the Australian Public Service Commission.


 Any other Members who are a little peeved at Colin?  Ah yes where there is smoke............................. This email address is being protected from spambots. You need JavaScript enabled to view it.




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  • doyla66
    doyla66 Sunday, 16 June 2013

    Bloody hell this is getting smuttier as the days roll by.
    Corruption at every turn, any wonder FOS are closing cases and protecting the banks,
    blaming the poor borrower, feeding us a whole load of rubbish as to why it's our fault.
    Buffer loans are ok, trickery used, lies told, figures manipulated after signing or added these are all
    not the fault of the bank/lender. According to FOS it's our fault. It's not maladministration, unconscionable
    conduct or even fraud it's business and it's ok to rip consumers off.

  • doyla66
    doyla66 Sunday, 16 June 2013

    Well said, Maria. :)

    The failure of the system is obvious. Denise would be almost buried in the paperwork evidence of this at her office by now. Thousands of letters, complaints, files, loan application forms, fraud investments, collapsed MISs and the letters from the hopelessly out of touch bureaucrats who did not know what to do - or did and wouldn't - or just did what they were told, by whom?

    The Ombudsman which was supposed to provide at the very least a level playing field for consumers to discuss complaints against Banks and Financiers never existed. Thus the problem continued and multiplied and still exists. If the purpose of BAFSOL and the later incarnations was to simply provide alternative dispute resolution, who was providing the deterrent to stop Banks and other FSPs from misconduct against consumers and, even more importantly, developing better smarter and more devious ways of outsmarting consumers and doing even more damage? ASIC, in theory, but as we all have found in practice AWOL on punitive measures that at least might have gotten the Banking and Finance Sector to stop and think about what they were doing.

    Mr Neeve, I have loans dating back to your time. I didn't even know you or BAFSOL existed then. But it's very clear to me that there was no effort being made to audit loans that went into the securitisation chain for investors. Or suitably train Bank staff in correct administration and handling of legal documents e.g. loan applications.

    Shoot forward to more recent times and the main change has been the sophistication with which the lender/credit provider and the broker/BDM/CA hid their misconduct. But still there are changes to legal forms. This is not acceptable practice in any other industry that I have worked in. Apparently the rules don't apply to banks? Is that it? Baloney! You were all too interested in perpetuating the job and the income rather than acting as a complaints clean up squad for prevention and cure. I'd love to see your job statement - came out of the same school of thought as ASIC, FOS, COSL and probably APRA, ACCC, NCC, ACC and all the rest. Australia can't afford this mindless waste - many of the current problems can be solved and completed unless there is a systemic culture to ensure they don't ever end ... never suggest a simple solution to a career bureaucrat: they would have to take leave to recover from the insult while a task force was created to ensure the simplex because complex and involved as many "stakeholder" meetings as possible!
    Why didn't anyone manage to get the message through to Bank staff that altering documents after signing, without knowledge or authority of all signatories, with benefit or gain by those responsible is fraud?
    You've left myself and others with the job of our chunk of your job. If you feel like donating to the clean up I'm sure Denise would appreciate it, as would any one of us.
    So, Colin Neeve, if it wasn't your doing whose was it?

  • doyla66
    doyla66 Sunday, 16 June 2013


    This is getting dirtier by the day, the whole system is rotten to the core. It's well and truly a mates club, a merry go round with jobs for their mates. Wide terms of reference with a ROYAL COMMISSION should extend right through all these departments.
    No wonder our regulators in this country are a complete disgrace when it comes to consumer protection and weeding out corruption and fraudulent behaviour, it's a cancer spreading rapidly through the whole system. Neglect has flowed from this person, ASIC, FOS and COSL and the noose is closing !! Time for Government to change the system urgently and stop conflict of interest in all these departments. As it is it's a disgrace.

  • doyla66
    doyla66 Monday, 17 June 2013

    Now this is not good news to me. All it tells me is this pratt will ensure that my complaints about the lack of accountability from the ATO and the daftly rebadged Centrelink will not get investigated. He's too busy making sure his performance appraisals stand up so his hip pocket gets rewarded. Do some work? Not likely. Goodness, he couldn't that in the BAFSOL days so whyever would he start now? This makes me think he's just another one of those stooges the public sector likes to promote. They say 'yes' to whomever is yanking their chain.

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