Home›Questions on Notice›QoN 3292

❓ The question raises concerns about the ongoing financial hardship faced by retiree investors affected by the finance brokers scandal, specifically regarding arrears on rates and interest collected by government authorities. It seeks government action to provide concessions and prevent future scams.

⏳ Awaiting AnswerQoN 3292Legislative Assembly

Asked

26 November 2004

Member

Mr P.G. Pendal

Portfolio

Consumer and Employment Protection

QuestionView source ↗

(1) Is the Government aware that, four years after the finance brokers scandal reached its peak retiree investors are still paying the price for the period, specifically with the Government’s own statutory authorities collecting significant arrears or rates and interest (at 11.85%) on mortgaged properties as they are sold?
(2) Is the Minister aware that mortgagees have been forced to pay long-standing debts on water rates, land tax and shire rates?
(3) If yes to (2), will the Minister make representations to his Cabinet colleagues for support for concessions where seniors and pensioners are involved?
(4) What further steps are planned by the Government to protect investors against scams of the kind used in the industry, given that for many no justice has been achieved for them?
Answered on