Credit Counsellors Australasia

Although the action brought against the debt agreement administrator commenced in 2004 the issues raised in the matter had been verbalised for some time and ITSA had commenced a series of roundtable conferences consulting with consumer groups, creditors and debt agreement administrators with a view to raising the standard of professionalism of administrators. In a paper [...]

In April 2004 as a result of four complaints from consumers the ACCC brought an action in the Federal Court of Australia against a debt agreement administrator and also joined its broker together with two directors alleging misleading conduct, misrepresentations and unconscionable and deceptive conduct. Remedies sought against the respondents were:

declarations that they engaged in misleading and [...]