❓ Mr Andrews asked about the basis and benefits of the 2003 consumer credit grants. Mr Kobelke explained the grants originated from a settlement with ANZ for breaches in personal loan contracts, with funds allocated to financial counselling, legal advice, and information on consumer credit.
AnsweredQoN 748Legislative Assembly
QuestionView source ↗
Can the minister please explain the basis for the consumer credit grants 2003 and their benefits? Mr J.C. KOBELKE
AnswerView source ↗
I thank the member for some notice of this question. The member may, like many, have seen an advertisement in the newspaper recently that indicated that grants are available. These grants arose from a Credit Act matter that was recently settled in the Commercial Tribunal of Western Australia. The decision in that matter was that the Australia and New Zealand Banking Group Ltd was ordered to pay a fine of $496 000 to the Commissioner for Fair Trading for breaches in personal loan contracts issued between 1985 and 1996. That was actually a national case that we took up and that flowed through to consumers in Western Australia. The funds are to be used for the following purposes: provide financial counselling services to consumers, give legal advice to consumers about consumer credit, or provide information about consumer credit. Western Australian community-based organisations, key interest groups and other not-for-profit organisations may apply for funding, and we certainly hope that those organisations will come forward. Government instrumentalities, statutory authorities, private or for-profit organisations and individuals are not eligible to apply for funding. However, community-based organisations that are running programs to assist consumers with consumer credit or that are seeking to run programs, particularly for disadvantaged groups, should apply. Applications for grants close at 4.00 pm on Friday, 15 August 2003. If any members have groups in their constituencies that might like to apply for grant funding, I hope they will assist them by contacting the Department of Consumer and Employment Protection and getting information so that community organisations can use these funds to assist consumers throughout Western Australia.
Mr J.C. KOBELKE replied: I thank the member for some notice of this question. The member may, like many, have seen an advertisement in the newspaper recently that indicated that grants are available. These grants arose from a Credit Act matter that was recently settled in the Commercial Tribunal of Western Australia. The decision in that matter was that the Australia and New Zealand Banking Group Ltd was ordered to pay a fine of $496 000 to the Commissioner for Fair Trading for breaches in personal loan contracts issued between 1985 and 1996. That was actually a national case that we took up and that flowed through to consumers in Western Australia. The funds are to be used for the following purposes: provide financial counselling services to consumers, give legal advice to consumers about consumer credit, or provide information about consumer credit. Western Australian community-based organisations, key interest groups and other not-for-profit organisations may apply for funding, and we certainly hope that those organisations will come forward. Government instrumentalities, statutory authorities, private or for-profit organisations and individuals are not eligible to apply for funding. However, community-based organisations that are running programs to assist consumers with consumer credit or that are seeking to run programs, particularly for disadvantaged groups, should apply. Applications for grants close at 4.00 pm on Friday, 15 August 2003. If any members have groups in their constituencies that might like to apply for grant funding, I hope they will assist them by contacting the Department of Consumer and Employment Protection and getting information so that community organisations can use these funds to assist consumers throughout Western Australia.
I thank the member for some notice of this question. The member may, like many, have seen an advertisement in the newspaper recently that indicated that grants are available. These grants arose from a Credit Act matter that was recently settled in the Commercial Tribunal of Western Australia. The decision in that matter was that the Australia and New Zealand Banking Group Ltd was ordered to pay a fine of $496 000 to the Commissioner for Fair Trading for breaches in personal loan contracts issued between 1985 and 1996. That was actually a national case that we took up and that flowed through to consumers in Western Australia. The funds are to be used for the following purposes: provide financial counselling services to consumers, give legal advice to consumers about consumer credit, or provide information about consumer credit. Western Australian community-based organisations, key interest groups and other not-for-profit organisations may apply for funding, and we certainly hope that those organisations will come forward. Government instrumentalities, statutory authorities, private or for-profit organisations and individuals are not eligible to apply for funding. However, community-based organisations that are running programs to assist consumers with consumer credit or that are seeking to run programs, particularly for disadvantaged groups, should apply. Applications for grants close at 4.00 pm on Friday, 15 August 2003. If any members have groups in their constituencies that might like to apply for grant funding, I hope they will assist them by contacting the Department of Consumer and Employment Protection and getting information so that community organisations can use these funds to assist consumers throughout Western Australia.
Mr J.C. KOBELKE replied: I thank the member for some notice of this question. The member may, like many, have seen an advertisement in the newspaper recently that indicated that grants are available. These grants arose from a Credit Act matter that was recently settled in the Commercial Tribunal of Western Australia. The decision in that matter was that the Australia and New Zealand Banking Group Ltd was ordered to pay a fine of $496 000 to the Commissioner for Fair Trading for breaches in personal loan contracts issued between 1985 and 1996. That was actually a national case that we took up and that flowed through to consumers in Western Australia. The funds are to be used for the following purposes: provide financial counselling services to consumers, give legal advice to consumers about consumer credit, or provide information about consumer credit. Western Australian community-based organisations, key interest groups and other not-for-profit organisations may apply for funding, and we certainly hope that those organisations will come forward. Government instrumentalities, statutory authorities, private or for-profit organisations and individuals are not eligible to apply for funding. However, community-based organisations that are running programs to assist consumers with consumer credit or that are seeking to run programs, particularly for disadvantaged groups, should apply. Applications for grants close at 4.00 pm on Friday, 15 August 2003. If any members have groups in their constituencies that might like to apply for grant funding, I hope they will assist them by contacting the Department of Consumer and Employment Protection and getting information so that community organisations can use these funds to assist consumers throughout Western Australia.
I thank the member for some notice of this question. The member may, like many, have seen an advertisement in the newspaper recently that indicated that grants are available. These grants arose from a Credit Act matter that was recently settled in the Commercial Tribunal of Western Australia. The decision in that matter was that the Australia and New Zealand Banking Group Ltd was ordered to pay a fine of $496 000 to the Commissioner for Fair Trading for breaches in personal loan contracts issued between 1985 and 1996. That was actually a national case that we took up and that flowed through to consumers in Western Australia. The funds are to be used for the following purposes: provide financial counselling services to consumers, give legal advice to consumers about consumer credit, or provide information about consumer credit. Western Australian community-based organisations, key interest groups and other not-for-profit organisations may apply for funding, and we certainly hope that those organisations will come forward. Government instrumentalities, statutory authorities, private or for-profit organisations and individuals are not eligible to apply for funding. However, community-based organisations that are running programs to assist consumers with consumer credit or that are seeking to run programs, particularly for disadvantaged groups, should apply. Applications for grants close at 4.00 pm on Friday, 15 August 2003. If any members have groups in their constituencies that might like to apply for grant funding, I hope they will assist them by contacting the Department of Consumer and Employment Protection and getting information so that community organisations can use these funds to assist consumers throughout Western Australia.
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