Defined Terms and Documents  

Annexure A

Interested Journalists, Financial Counsellors and Consumer Action Groups that have expressed concerns over inter alia Predatory Advertising of some Credit Card Products often charging Usurious Unsecured Personal Loan Interest Rates that have overtly Targeted Credit Cardholders with Low Financial Literacy Capacity
Financially Uneducated And Vulnerable Australians, often suffering Extreme Financial And Emotional Distress

CHOICE  - consumer advocacy group in Australia  media@choice.com.au   0430 172 669   57 Carrington Road, Marrickville NSW 2204

Alan Kirkland -   My job is to lead our fight to make markets fair, just and safe for Australian consumers"

Alan Kirkland -   $6.3 billion stolen from the pockets of Australians by banks:"  - June 2020

Andy Kollmorgen  -  How to choose the right credit card - And avoid falling into the credit card trap  -  27 Jan 2017

Andy Kollmorgen  - The 10 costliest credit cards in Australia - and why you should avoid them  - 17 June 2020
"They gave evidence that long-term credit card debt breeds a host of ills, including family breakdown, physical and mental illness, domestic violence, crime, and resorting to payday loans."

Andy Kollmorgen  - "More than just a piece of plastic"  -  21 Aug 2014

Andy Kollmorgen  - Make it a payment facilitator  -  27 Jan 2017

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The Conversation

Thomas Clarke -  Professor, UTS Business, University of Technology Sydney -  A history of failed reform: why Australia needs a banking royal commission - 12 Sept 2016  thomas.clarke@uts.edu.au    

Michelle Grattan, University of Canberra  Labor pledges royal commission into bank behaviour  -  April 8, 2016 - michelle.grattan@theconversation.com 

Steve Worthington, Adjunct Professor, Swinburne University of Technology  Charging for credit and debit card use may become the norm under new rules - Surcharge - stevejworthington@gmail.com  June 29, 2016

Michelle Grattan  -  Reserve Bank ‘dallies with indolence’ instead of helping government pursue full employment: Paul Keating -  23 Sept 2020

Richard Holden  Professor of Economics, UNSW    richard.holden@unsw.edu.au  The RBA is not a law unto itself — an external review would be good for it - August 13, 2021

The Guardian

Royce Kurmelovs -   Borrower beware: how responsible lending changes could put more vulnerable Australians in debt - 21 March 2021

Ben Butler  -  Scrapping responsible lending laws a 'disaster' that could drown Australians in debt, consumer groups say  -  20 Jan 2021

Sydney Morning Herald - The Age

Annette Sampson -  How the poor pay for the rich - SMH - April 1 2002

Lucinda Schmidt  -  Middle class hit by debt  -  January 21, 2009

Ian Verrender -  Banks cry poor? Tell 'em they're creaming it  - 8 December 2011   Ian.Verrender@smh.com.au

Clancy Yeates -  Regulatory tricks, to their credit, in our interest -  Jan 6, 2014:

Shaun Drummond - Good Shepherd says poor borrowers should be referred to no interest loans - 17 Sept 2015

Shaun Drummond and Clancy Yeates  -  "Big banks defend card profits, but vie for most virtuous" - 16 Oct 2015

Shaun Drummond  -  RBA calls out banks on 'sticky' credit card interest rates   -  August 19,  2015 

Clancy Yeates -  Risky to turn a blind eye to inequality  -  January 16, 2012

Clancy Yeates  - One year after Hayne: 'Profound' changes for banks, but can they last?  -  Jan 31, 2020

Clancy Yeates  -   Beware sting in zero per cent credit card deals -  January 22, 2016

Shane Wright -  The central bank under fire: Has the RBA failed Australians? includes "... furthering the “economic prosperity and welfare of the people of Australia”,

Shane Wright -  OECD says now is the time for a review of the Reserve Bank –  Sept 15, 2021

Shane Wright - Philip Lowe and Reserve Bank about to face a moment of truth  - July 15, 2022

David Potts -  Dumb debt can rack up interest costs  March 12 2014

Adele Ferguson  -  Banking Bad by Adele Ferguson - Booktopia  aferguson@protonmail.com

Adele Ferguson  -  Journalism Versus the Big Banks: Reporting where Regulators Fear to Tread

Andrew Schmulow - Fancy dress financial regulators ASIC and APRA must go - 31 May 2016

Rachel Browne  - Credit card interest rates 'inexplicably high': Choice  -  1 June 2015

Caitlin Fitzsimmons - Australia wakes up to $30b credit card hangover -  10 Jan 2018  caitlanfitzsimmons@fairfaxmedia.com.au

Caitlin Fitzsimmons - How to bust out of credit card debt -  24 Feb 2018  -   caitlan@caitlanfitzsimmons.com  caitlanfitzsimmons@gmail.com

Liam Mannix  -  Big banks accused of setting 'debt traps' with credit cards  -  Feb 19, 2016

9NEWS

Stuart Marsh  -  Aussie credit card customers ripped off $6.3 billion in savings as banks withhold rate cut   Jun 10, 2020  smarsh@nine.com.au

Ross Greenwood, Banks blasted for “unconscionable” credit card lending at Senate enquiry  -  Nine Network's Business and Finance Editor   24 Artarmon Road Willoughby NSW 2068 ross.greenwood@nine.com.au and  Sky News, Macquarie Park ross.greenwood@skynews.com.au   r.greenwood@netspace.net.au   greenwood.ross@gmail.com

sophie.elsworth@news.com.au  "The most dangerous credit card mistake you can make"

News.com.au 

Sunrise host David Koch says Australians are being ‘ripped off’ -  28 Aug 2015 sunrise@seven.com.au Seven Network (Sydney) Pty Ltd, GPO Box 7077, Alexandria NSW 2015  (02) 8777 7777 david.koch@seven.com.au   david.koch@pinstripemedia.com.au  david.koch@palamedia.com.au

Money Magazine

Paul Clitheroe   "5.51  Similarly, Mr Clitheroe told the Senate Economics Reference Committee that balance transfer offers presented a 'debt trap' to consumers who failed to change their behaviour upon accepting an offer." - 16 Dec 2015

Ask Paul: Should I use a credit card cash advance to pay off my car loan? -  9 Nov 2021
C/- Investsmart  PO Box 744, Queen Victoria Building  NSW 1230   (02) 8318 2950  Paul.Clitheroe@investsmart.com.au  support@investsmart.com.au

The Courier Mail

Paul Clitheroe     Get smart with credit cards -  24 March 2014

                            Aussies feeling pinch of debt  -  19 Oct 2012

Swinburne Institute

Dr. Nicola Brackertz     I Wish I'd Known Sooner    Manager AHURI Professional Services  nicola.brackertz@ahuri.edu.au   0421 195 890

Financial Review

RBA puts an iron fist where velvet is needed - Andrew Cornell - 19 Sept 2005  acornell@afr.com.au

The ABC

Ian Verrender - The ABC -  … the revolution that could break the banks - 30 Sept 2019  Ian.Verrender@abc.net.au

Crikey

Bank drops penalty fees.  Nice start, long way to go - Crikey  - July 2009

How regulators lost their way on banking competition -  Crikey - Feb 2018

News Daily

How predatory banks are hooking credit cards customers - Aug 27, 2015

The Daily Telegraph - MoneySaverHQ

Credit cards can take 100 years to pay off an average debt on high rates –  SOPHIE ELSWORTH  Deputy Editor  -  News Corp Australia Network - Feb 11, 2014

INFLATED RATES: Time to get drastic about plastic   -  News Corp Australia Network - 2014

Focus on spirit of Reserve Bank's charter  -  Feb 2012

Herald Sun

Let’s get drastic about credit card interest rates  - John Rolfe - 10 Feb 2014

The Daily Mail

Australia’s most predatory credit cards revealed  -  Feb 11, 2015 - George Lekakis, Assoc Editor,  Banking Day  geobank@optusnet.com.au

finder

Australian credit card and debit card statistics   -  8 Aug 2002  -  Graham Cooke  graham@hiveempire.com;   Taylor Blackburn  aupr@finder.com 

Banks blasted for “unconscionable” credit card lending at Senate enquiry - finder  - 15 Nov 2016

Rate City

Laine Gordon -  Worrying trend: Australia’s credit card debt rises for 3rd month in a row  - 7 March 2022  -  1300 001 153

Independent Australia

Murray Hunter  - Independent Australia - Who is the Reserve Bank really looking after?   - 23 April 2013

Consumer Action Law Centre

Media Release  -  Credit cards should not be a lifelong debt sentence  -  0413 299 567 media@consumeraction.org.au  Gerard Brody – Chief Executive of Consumer Action Law Centre

Katherine Temple - Consumer Action Law Centre - "The banks know who these deals appeal to, and people who are struggling with debt are quite profitable customers."  katherine.temple@consumeraction.org  Katherine.Temple@hnlaw.com.au

The Australia Institute

Money and power - The case for better regulation in banking - The Australia Institute Paper No. 4 - 2010  Josh Fear, Richard Denniss and David Richardson

MoneySmart

Drawbacks of credit card transfers - ASIC 

Financial Counselling Australia

Fiona Gutherie, Chief Executive   - 6/179 Queen St, Melbourne VIC 3000   (03) 8554 6979    info@financialcounsellingaustralia.org.au

National Debt Helpline 

info@financialcounsellingaustralia.org.au  03 8554 6979  1800 007.007

Goulburn Valley Family Care Inc, Shepparton 

David Tennant  P.O. Box 1069, Shepparton 3632   (03) 5823.7000   hr@familycare.net.au

Per Capita - "an independent, progressive think tank, dedicated to fighting inequality in Australia."

When I Was Your Age, We Used A Thing Called Cash’: And Other Ways to Fight Back Against The Banks  21 March 2017 -  Emma Dawson, Executive Director,    info@percapita.org.au

Melbourne Law School

"Consumer Credit Reform and Behavioural Economics:  Regulating Australia’s Credit Card Industry"  - May 2012  - Paul Ali, Cosima McRae and Ian Ramsay - law-research@unimelb.edu.au"  03 8344 8946

Financial Rights Legal Centre

Consumer Groups Slam Move To Remove Responsible Lending Laws - Karen Cox, CEO 25 Sept 2020

Quotes from reputable Credit Card Distress Authorities about unconscionable advertising of Credit Cards resulting in some Credit Cardholders being issued multiple Credit Cards

Peter Mair  -  You have been warned: Reserve Bank to side with banks on credit cards - Crikey  2001

Peter Mair  -  CREDIT CARD SCHEMES - EXCESSIVE FEES AND INTEREST CHARGES -  SUBMISSION TO SENATE STANDING COMMITTEE ON ECONOMICS - April 2015

Peter Mair  -  SUBMISSION TO COUNCIL OF FINANCIAL REGULATORS - STORED VALUE PAYMENTS FACILITIES - 8 Oct 2018

Professor William Mitchell  University of Newcastle  Bill.Mitchell@newcastle.edu.au  0419 422 410

Peter Tulip former employee of Reserve Bank of Australia,  US Federal Reserve, the OECD and Commonwealth Treasury - Centre for Independent Studies,  Level 1, 131 Macquarie St, Sydney, NSW 2000 ptulip@cis.org.au   SMH

Fox Symes Debt Solutions  -  1300 124 657  -  customercare@foxsymes.com.au

St Vincent de Paul Society - National Council of Australia,  admin@svdp.org.au   Claire Victory, President  or Robin Osborne 0400 845 492 or media@svdp.org.au

Tony Devlin, Head Financial Counsellor Salvation Army's Moneycare Service