Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 16 to 30 of 37

Thread: Doing time with Cameron Clyne (sorry Patsy)

  1. #16
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    I see the RA have signed Hooper to a 6 million dollar deal over five years. Stupidity at its finest.

    0 Not allowed! Not allowed!
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  2. #17
    Senior Player SPaRTAN's Avatar
    Join Date
    Jan 2007
    Posts
    695
    vCash
    25148000
    Quote Originally Posted by Bakkies View Post
    I see the RA have signed Hooper to a 6 million dollar deal over five years. Stupidity at its finest.
    All from money they made through the deal with the Victorian government I bet. Instead of putting it into grassroots and developing the next generation of superstars they are happy to piss it away on lightweight players who just get ragdolled regularly by their opposition. Madness. But remember its money for the NSW boys so sshhhhhhhhhhh nothing to see here

    0 Not allowed! Not allowed!

  3. #18
    Senior Player SPaRTAN's Avatar
    Join Date
    Jan 2007
    Posts
    695
    vCash
    25148000
    I have to ask, is there actually any enforcement of the senate inquiry recommendations. It seems like despite the inquiry it was nothing but hot wind. The RA have ignored every recommendation (can anyone actually confirm any have been met?) and the RA have just continued on doing as they pleased [by burning Australian Rugby from the ground up].

    There seems to be only one thing left, unless the senate gets involved again it seems no justice will be met for any of the corrupt deeds that the RA willingly undertook to not only run rugbyWA into the ground, but destroy the only pro outfit and cut off all funding and deny a 50 million dollar donation from a WA mining philantropist. It's a real shame. I'm bitterly dissapointed in ASIC not following through or aggressively pursuing the RA on the senate recommendations after what came out in the inquiry. Nothing has moved forward and Australian rugby has hit rock bottom, the fans have left, the viewers have left, and the administrators like Clyne continue to destroy the sport. As if it's not bad enough he has his grubby mitts all over the NAB royal commission which must surely be destroying what little is left to the RA reputation which is only being upheld by a few blokes on sydneys north shore. The guy has been allowed to aggressively kill the sport with no repucusions frim any of the major state bodies in NSW and QLD. The establishment in Sydney are completly unaware the sport has been left to wither away into oblivion. Clyne needs to go, better yet he needs to be locked up like he deserves. Will justice ever prevail?

    0 Not allowed! Not allowed!

  4. #19
    Player lou's Avatar
    Join Date
    Aug 2017
    Location
    Melbourne
    Posts
    267
    vCash
    5112000
    Quote Originally Posted by SPaRTAN View Post
    I have to ask, is there actually any enforcement of the senate inquiry recommendations. It seems like despite the inquiry it was nothing but hot wind. The RA have ignored every recommendation (can anyone actually confirm any have been met?) and the RA have just continued on doing as they pleased [by burning Australian Rugby from the ground up].

    There seems to be only one thing left, unless the senate gets involved again it seems no justice will be met for any of the corrupt deeds that the RA willingly undertook to not only run rugbyWA into the ground, but destroy the only pro outfit and cut off all funding and deny a 50 million dollar donation from a WA mining philantropist. It's a real shame. I'm bitterly dissapointed in ASIC not following through or aggressively pursuing the RA on the senate recommendations after what came out in the inquiry. Nothing has moved forward and Australian rugby has hit rock bottom, the fans have left, the viewers have left, and the administrators like Clyne continue to destroy the sport. As if it's not bad enough he has his grubby mitts all over the NAB royal commission which must surely be destroying what little is left to the RA reputation which is only being upheld by a few blokes on sydneys north shore. The guy has been allowed to aggressively kill the sport with no repucusions frim any of the major state bodies in NSW and QLD. The establishment in Sydney are completly unaware the sport has been left to wither away into oblivion. Clyne needs to go, better yet he needs to be locked up like he deserves. Will justice ever prevail?
    you sum it up perfectly

    0 Not allowed! Not allowed!
    The truth may set you free, but only evidence convicts

  5. #20
    Senior Player SPaRTAN's Avatar
    Join Date
    Jan 2007
    Posts
    695
    vCash
    25148000
    More doom and gloom for the upcoming test. Which leaves a genuine question:
    Will Optus Stadium in Perth have a higher Bledisloe cup rugby attendance next year than ANZ stadium in Sydney?

    And this is despite NSW having 3x the population of WA. This completly illustrates just how many fans have turned off rugby in not only WA but the Rugby heartland, NSW, well apparently we are told it is, and they bring with them their tiny crowds which are even tinier when you factor in the head of population count of Sydney alone, which is so much larger when you include the rest of NSW too.

    Castle confident of Bledisloe crowd lift despite sluggish sales
    Georgina Robinson
    By Georgina Robinson
    8 August 2018 — 7:00pm
    Share on Facebook
    Share on Twitter
    Share on Whatsapp
    Send via Email
    Normal text sizeLarger text sizeVery large text size
    Rugby Australia are confident there won't be a repeat of last year's record low Bledisloe Cup turn out despite sluggish sales less than two weeks out from the Sydney Test.

    RA chief executive Raelene Castle told the NSW Parliament stadiums inquiry on Monday that 45,000 tickets had been sold to next Saturday's match at ANZ Stadium, leaving the organisation with little time to bridge a gap of almost 10,000 tickets to better the 54,846 who attended in 2017.

    Golden days: The Bledisloe Cup Test in Sydney drew more than 109,000 rugby fans to the Olympic Stadium in 2000.
    Golden days: The Bledisloe Cup Test in Sydney drew more than 109,000 rugby fans to the Olympic Stadium in 2000.

    Photo: AAP
    But Castle told Fairfax Media on Wednesday she was confident the crowd would end up closer to 60,000 with a late push in the lead up to the Wallabies' opening clash with the All Blacks.

    "North of 55,000, so 58-60,000 is where we think we'll get to," she said. "It will mean that ANZ Stadium at 60,000 will feel really full."

    Attendances at live sporting events are on the wane across Australia and the rest of the world, and the Test calendar's traditional trans-Tasman blockbuster has not been immune.

    Advertisement

    The Wallabies' 54-34 loss to New Zealand last year attracted the smallest crowd of the professional era, well down from the Bledisloe Cup's halcyon days of two decades back, when 109,000 packed the then-Olympic Stadium, in its old configuration, in July 2000.

    Even six years ago the same fixture attracted closer to 80,000, while the 2015 match – admittedly in a World Cup year and only 12 months after the Waratahs won the Super Rugby title – attracted 73,824.

    One out: Australia's 54-34 loss in the Sydney Test marked a record score for New Zealand against the Wallabies.
    One out: Australia's 54-34 loss in the Sydney Test marked a record score for New Zealand against the Wallabies.

    Photo: AAP
    On the bright side, this year's decider between Australia and Ireland was held in a sold-out Allianz Stadium (44,085), and the Wallabies' performance in that three-Test series will have Australian fans feeling optimistic about the prospects of a drought-breaking Bledisloe Cup win.

    Australia faces a huge challenge to win the series for the first time in 16 years. Given foreign teams' records at Eden Park in Auckland, realistically the Wallabies must win in Sydney to keep the series alive heading into the third Test in Yokohama, Japan, in October.

    Advertisement

    Next week's match will make history as the first Wallaroos-Wallabies Test match double-header on Australian soil.


    Castle, who formally launched Australia's bid to host the 2021 Women's Rugby World Cup on Wednesday, said she wanted to make double-headers part of the annual schedule.

    "The fact that it [this year] is a double-header has set a standard now [of] what is going to be a regular for us when we play New Zealand," she said. "ANZ Stadium, north of 55,000 people there for the women, we're going to do whatever we can to encourage everyone to get out there and watch that game first. It is those experiences and playing on a big stage in front of a big crowd that will be a great learning experience for our athletes."

    Australia invited Ireland to send their women's team for a three-Test series of double-headers in June but the Ireland Rugby Football Union declined on a cost basis. Castle said combining the fixtures was a natural next step for all tier one rugby nations.

    Advertisement

    RELATED ARTICLE
    NSW government to pledge $5m for Women's Rugby World Cup in Newcastle
    RUGBY WORLD CUP
    NSW government to pledge $5m for Women's Rugby World Cup in Newcastle
    Add to shortlist
    "It makes sense from a practical point of view that you would turn all rugby into the future into double-headers," she said. "There's no doubt now that every tier one nation has an established and developing women's program so that's certainly an evolution that I can see in the future."

    Rugby Australia has until Friday to submit its bid to host the 2021 Women's World Cup, with a decision announced in November

    Those comments are delusional, 50k to 60k fans to a Bledisloe in the rugby heartland of Sydney is disgraceful. Who are they kidding when they were once pulling almost 110k. Melbourne regularly get 70-80k attendance to club AFL sides and their are alot more teams in Melbourne competing for the sporting market. Sydney has just gone off rugby. The powers at the top just dont want to realise it. They will just put their heads in the sand and run the RA coffers dry.

    0 Not allowed! Not allowed!
    Last edited by SPaRTAN; 09-08-18 at 19:48.

  6. #21
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    I don't buy the talk about Hooper being light weight. It is the way Cheika has coached him. He certainly didn't at the Brumbies who contested the breakdown aggressively. Kwagga Smith is 7kg lighter than Hooper and he schooled the Tahs at the breakdown in the semi final.

    Quote Originally Posted by lou View Post
    you sum it up perfectly
    The mail from those who have been in touch with the good Senator is that they are investigating. The reality is that they were handed evidence on the day the report was due, submissions came in (probably were overdue like Gary Gray's) and there has been more out there since the report was issued. Eg Nick Taylor's sourced emails that were referred by Sen. Reynolds to ASIC. She even put it out there on her Twitter account.

    The Inquiry barely scratched the surface. None of the documentation that the RA submitted was put up on the Inquiry website (nor was Rob Clarke's questions on notice if he did answer those), paperwork turned up in the middle of hearings and there were a number of people who should have been called up like John O'Neill, Anthony French and Andrew Cox to testify. We could be talking about thousands of pages, financial reports that aren't made public and the tax records from Aus and NZ (Aus treaties allow NZ to provide that information so there is no red tape there).

    1 Not allowed! Not allowed!
    Last edited by Bakkies; 09-08-18 at 21:30.
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  7. #22
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    Time for 'our dear leader' to face the chin music

    Banking royal commission: ASIC files detailing alleged NAB criminal offences aired
    NAB CEO Andrew Thorburn. Picture: Aaron Francis/The Australian
    NAB CEO Andrew Thorburn. Picture: Aaron Francis/The Australian
    BEN BUTLER
    BUSINESS REPORTER

    2:35PM AUGUST 15, 2018
    12 COMMENTS
    The corporate regulator has accused National Australia Bank of at least three criminal offences and 19 civil breaches across half a dozen different courses of conduct relating to its fee-for-no-service scandal, documents released by the financial services royal commission reveal.

    In an “outline of suspected offending by the NAB group”, sent to the bank in October last year, the Australian Securities and Investments Commission said the suspected contraventions were “serious and systemic” and “demand a significant regulatory response”.

    The breaches are in addition to ASIC’s allegation that NAB (NAB) committed 110 counts of the criminal offence of failing to tell the regulator about a serious breach of its financial services license within 10 days, which was revealed at the royal commission last week.

    NAB has paid or agreed to pay more than $100m in compensation to victims of the fee-for-no-service scandal.

    In its outline, ASIC said NAB knew as early as 2010 that it was at risk of charging customers fees for services they never received.

    One of its fee for no service rip-offs could date as far back as 2008 because there had been no review of the specific issue since 2004, the regulator said.

    The ASIC paper reveals the issue was raised as a “medium” risk with NAB’s executive risk and compliance committee as early as April 2013, along with “concern that this may be a systemic issue”.

    Follow royal commission developments via our live blog

    Despite this, NAB executives “expected that this issue will resolve itself given FOFA [Future of Financial Advice] work underway”.

    ASIC said there were at least 40 complaints about the rip-off between 2012 and 2015.

    “NAB’s failure to provide ongoing services while continuing to charge clients fees for those services was widespread and affected a large number of clients over a period of many years,” the regulator said.

    “Moreover, the failures have occurred across a number of NAB entities, meaning this was not an isolated problem, but a systemic failure of fundamental controls within the NAB group.”

    ASIC accused NAB of at least three criminal violations of the ASIC Act by making false or misleading statements to its clients about two of the fees it charged, the “adviser service fee” and the “plan service fee”.


    In two of the alleged criminal breaches, NAB failed to tell members of one fund, MasterKey Personal Super, that they could turn off the plan service fee.

    Nine of the alleged 19 civil breaches relate to the fundamental requirement that a financial services licensee deal “efficiently, honestly and fairly” with customers and obey the financial services law.

    The bank is also accused of misleading and deceptive conduct that does not constitute a crime and breaching conditions in its financial services license.

    It is believed ASIC’s investigation continues and has yet to reach the stage where the regulator will decide to pursue a settlement, such as an enforceable undertaking, pursue civil action or go for criminal prosecution.

    Last week, the royal commission heard evidence of the extraordinary lengths executives at NAB’s wealth subsidiary, MLC, went to in an attempt to hold on to the plan service fee when it was not entitled to it.

    The fee was charged in return for general advice from a financial adviser, but NAB proposed the bank could pocket the fee if it provided members who did not have an adviser with services such as access to the fund website and marketing materials.

    “The most recent position that NAB has put forward as a basis for its remediation approach in these matters is a concept of measuring “customer/adviser interaction’ or assessment of whether the ‘spirit” of customer agreements was adhered to,” ASIC senior executive Louise Macaulay told NAB general counsel Sharon Cook in a letter dated November 3 last year.

    “ASIC does not consider that this approach is appropriate to replace the express commitments given by NAB to its customers in service agreements,” Ms Macaulay said.

    “We also note that the approach proposed by NAB is out of step with some of its major peers that have reported fees for no service failures and are close to finalising their customer review and remediation programs for these failures.”

    0 Not allowed! Not allowed!
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  8. #23
    Senior Player SPaRTAN's Avatar
    Join Date
    Jan 2007
    Posts
    695
    vCash
    25148000
    Quote Originally Posted by Bakkies View Post
    Time for 'our dear leader' to face the chin music

    Banking royal commission: ASIC files detailing alleged NAB criminal offences aired
    NAB CEO Andrew Thorburn. Picture: Aaron Francis/The Australian
    NAB CEO Andrew Thorburn. Picture: Aaron Francis/The Australian
    BEN BUTLER
    BUSINESS REPORTER

    2:35PM AUGUST 15, 2018
    12 COMMENTS
    The corporate regulator has accused National Australia Bank of at least three criminal offences and 19 civil breaches across half a dozen different courses of conduct relating to its fee-for-no-service scandal, documents released by the financial services royal commission reveal.

    In an “outline of suspected offending by the NAB group”, sent to the bank in October last year, the Australian Securities and Investments Commission said the suspected contraventions were “serious and systemic” and “demand a significant regulatory response”.

    The breaches are in addition to ASIC’s allegation that NAB (NAB) committed 110 counts of the criminal offence of failing to tell the regulator about a serious breach of its financial services license within 10 days, which was revealed at the royal commission last week.

    NAB has paid or agreed to pay more than $100m in compensation to victims of the fee-for-no-service scandal.

    In its outline, ASIC said NAB knew as early as 2010 that it was at risk of charging customers fees for services they never received.

    One of its fee for no service rip-offs could date as far back as 2008 because there had been no review of the specific issue since 2004, the regulator said.

    The ASIC paper reveals the issue was raised as a “medium” risk with NAB’s executive risk and compliance committee as early as April 2013, along with “concern that this may be a systemic issue”.

    Follow royal commission developments via our live blog

    Despite this, NAB executives “expected that this issue will resolve itself given FOFA [Future of Financial Advice] work underway”.

    ASIC said there were at least 40 complaints about the rip-off between 2012 and 2015.

    “NAB’s failure to provide ongoing services while continuing to charge clients fees for those services was widespread and affected a large number of clients over a period of many years,” the regulator said.

    “Moreover, the failures have occurred across a number of NAB entities, meaning this was not an isolated problem, but a systemic failure of fundamental controls within the NAB group.”

    ASIC accused NAB of at least three criminal violations of the ASIC Act by making false or misleading statements to its clients about two of the fees it charged, the “adviser service fee” and the “plan service fee”.


    In two of the alleged criminal breaches, NAB failed to tell members of one fund, MasterKey Personal Super, that they could turn off the plan service fee.

    Nine of the alleged 19 civil breaches relate to the fundamental requirement that a financial services licensee deal “efficiently, honestly and fairly” with customers and obey the financial services law.

    The bank is also accused of misleading and deceptive conduct that does not constitute a crime and breaching conditions in its financial services license.

    It is believed ASIC’s investigation continues and has yet to reach the stage where the regulator will decide to pursue a settlement, such as an enforceable undertaking, pursue civil action or go for criminal prosecution.

    Last week, the royal commission heard evidence of the extraordinary lengths executives at NAB’s wealth subsidiary, MLC, went to in an attempt to hold on to the plan service fee when it was not entitled to it.

    The fee was charged in return for general advice from a financial adviser, but NAB proposed the bank could pocket the fee if it provided members who did not have an adviser with services such as access to the fund website and marketing materials.

    “The most recent position that NAB has put forward as a basis for its remediation approach in these matters is a concept of measuring “customer/adviser interaction’ or assessment of whether the ‘spirit” of customer agreements was adhered to,” ASIC senior executive Louise Macaulay told NAB general counsel Sharon Cook in a letter dated November 3 last year.

    “ASIC does not consider that this approach is appropriate to replace the express commitments given by NAB to its customers in service agreements,” Ms Macaulay said.

    “We also note that the approach proposed by NAB is out of step with some of its major peers that have reported fees for no service failures and are close to finalising their customer review and remediation programs for these failures.”
    None of these articles seem to conclusively link Clyne. Has Clyne been called to give evidence at this royal commission (complete waste of time)

    0 Not allowed! Not allowed!

  9. #24
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    As he was the CEO of the NAB Group between 2009 and 2014 the buck stops with him. There were systemic disregard for regulation throughout the organisation while he was in charge and the buck all so stops with him. NAB owned Clydesdale Bank while he was in charge. The bank were fined £20 million for rejecting PPI mis-selling complaints with out looking at the individual cases as required by the Financial Conduct Authority. He and his organisation didn't listen to warnings from the FCA. Nothing has changed.

    Surely it is a matter of time till he squirms in front of the Royal Commission as his tenure has got an absolute kicking and there are questions that he can answer rather than the current CEO Andrew Thorburn. They have already had to cough up $100 million to consumers due to dodgy practices under his watch.

    If he thinks Reynolds was tough this Hayne has already had people in tears.

    0 Not allowed! Not allowed!
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  10. #25
    (Previously WFDS) WFDom's Avatar
    Join Date
    Nov 2011
    Location
    Rocko
    Posts
    1,467
    vCash
    5122000
    Quote Originally Posted by Bakkies View Post
    As he was the CEO of the NAB Group between 2009 and 2014 the buck stops with him.
    Ain't Karma a bitch!

    0 Not allowed! Not allowed!
    Great game, Fucken battled right through to the 80!

  11. #26
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    Sure is. He was the only CEO from that time frame (the other banks are under the gun for shoddy practices in those years) that said at the end of last year that he will be to willing to face the Commission and was responsible for overseeing compliance. He just doesn't get it. He thinks he does nothing wrong and plays dumb. Lack of regulation is one of the reasons why the banks imploded in the UK and it is now happening in Australia. The money set aside to compensate won't be enough if the statute of limitations goes in to the 80s (when times were tough and people were getting screwed then) and like the UK the banks having to pay interest on redress.

    I bet his tune has changed now after ASIC are talking about possible criminal charges and a $100 million fine.

    0 Not allowed! Not allowed!
    Last edited by Bakkies; Yesterday at 09:07.
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  12. #27
    Immortal Contributor The InnFORCEr's Avatar
    Join Date
    Feb 2006
    Location
    West Leederville
    Posts
    15,120
    vCash
    5058000
    Dry July! Tong Master 141 Club Award TWF Contributor! TWF Competition Winner!
    Quote Originally Posted by Bakkies View Post
    a $100 million fine.
    Just like HSBC, the one's to suffer from a fine like that are the shareholders and customers. it's not like he or any other individual is going to cop the fine. Hopefully he has some sort of punishment and just having any current or future board or directorship positions voided would be enough for me

    0 Not allowed! Not allowed!
    80 Minutes, 15 Positions, No Protection, Wanna Ruck?

    Ruck Me, Maul Me, Make Me Scrum!

    Education is Important, but Rugby is Importanter!

  13. #28
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    Directors won't pay fines but they can be charged.

    He should be made to pay back the monies he received from his golden handshake. He might have to get a real job if some dope is willing to hire him.

    I like how his 'retirement' timed with fobbing off Clydesdale after the bank received the £20 million fine.

    Quite profound his current organisation is willing to help farmers after he screwed them with the NAB's products while he was in charge.

    0 Not allowed! Not allowed!
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  14. #29
    Veteran BLR's Avatar
    Join Date
    Dec 2007
    Posts
    2,636
    vCash
    5022000
    He won't be called up, they've used a majority of the time already, many companies have been told not to come in, they'll just use what they have gathered to push their own agendas, which in a round about way will cause the banks to get richer. I don't see any execs getting done as it seems most of the people coming up aren't the head honchoes, weren't there when the shady stuff was happening, or are getting an easy run. (Industry funds.)

    0 Not allowed! Not allowed!

  15. #30
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    2,361
    vCash
    5094000
    I don't know the Royal Commission is to be treated like a court unlike a Senate, House or Joint Committee. They have already recommended charges. ASIC and APRA are up tomorrow. The average Joe in Australia hasn't been to take their bank to court to get a landmark decision which is what occurred in the UK to get the banks to cough up over mis-sold PPI. Then you have the Plevin v Paragon case over commission sold on a PPI policy.

    A bank in Australia asked if I would like to purchase PPI when I opened a current account even though I didn't have a credit card, loan or mortgage and I was unemployed so it would have rendered the policy useless as I wouldn't be able to claim if I lost my job or had to take time off work due to sickness/illness. That's why the UK banks including the NAB run Clydesdale had to cough up billions of pounds in compensation (same is going to happen here as the banks have already agreed to compensate customers). The UK banks thought they were ok as used the money that was paid in premiums to refund customers however they had to pay interest with the redress and they weren't expecting many complaints to come in. Ambulance chasers started to flood the market and cold called people to see if they would like to put in a Subject Access Request to see if they had PPI so they could put forward a complaint. Australia already has a compensation culture so organisations like Slater and Gordon will start filling their boots.

    The banks will have to come up with an agreement with the regulators (who really should be independent from the Government) in regards to how they are going to assess complaints and the time frame they have to do so otherwise they will sit on their hands and throw them in the bin. If they don't comply more fines will be dished out.

    0 Not allowed! Not allowed!
    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

Page 2 of 3 FirstFirst 1 2 3 LastLast

Similar Threads

  1. Petition for Cameron Clyne to resign from the RA board
    By Bakkies in forum Western Force
    Replies: 50
    Last Post: 06-08-18, 12:53
  2. Cameron Clyne Resigns
    By shasta in forum Rugby
    Replies: 3
    Last Post: 01-04-18, 08:48
  3. Replies: 28
    Last Post: 25-07-17, 20:22
  4. More Cameron Clyne
    By The Man in forum Super Rugby
    Replies: 19
    Last Post: 13-04-17, 19:19
  5. 'Time to put bottle away' writes Cameron Shepherd
    By travelling_gerry in forum Cameron Shepherd
    Replies: 33
    Last Post: 16-02-11, 21:40

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •