Defined Terms and Documents       

Three ABC TV Programs Spread Over Six Weeks means:

First ABC TV program - First Four Corners program (45 minute) split into three sections

Initial 15 minutes
Interviewing season Financial Counsellors from St. Vincent de Paul,
The Salvation Army, Rural Financial Counselling, Wesley Mission Financial Counselling et al that have sought to assist thousands of Australians with significant Credit Card debt, often in excess of $20,000, learning first-hand the traps that such Credit Cardholders, often inexperienced and unskilled in financial matters, fell into.

Second 15 minutes

Interviewing four or five young couples that managed to receive financial relief from seeking assistance from a Financial Counsellor that assisted instil spending restraint due to the belief that light appeared at the end of that long, dark tunnel.  Also, exposing the financial pitfalls that many young Credit Card Users were caught by.

Final 15 minutes

Displaying pie charts and RBA statistical tables that evidence the amount of Interest and Penalty Fees Revenue received by Credit Card Issuers from the small cohort of Persistent Revolvers annually, whilst interviewing credit card savvy employees from amongst Finder, Mozo, RateCity, CHOICE, Crikey, The Guardian, The Conversation, Financial Counselling Australia (FCA), Consumer Action Law Centre et al to present empirical evidence of the percentage and $ total that –

A)   the one in six Credit Card Users (described in RBA published reports as Persistent Revolvers) pay in Usurious Interest Rates and Penalty Fees annually; and

B)   two thirds of Credit Card Users (described in RBA published reports as Transactors) pay towards aggregate annual Interest and Fees Revenue earned by the triumvirate within the Wholesale Supply Side of Credit Card Products (Credit Card Issuers, Credit Card Acquirers and Merchants).

Second ABC TV program - Australian Story program (31 mins) three weeks after the above proposed First Four Corners program

Interviewing well known Australians that grew up in housing commission etc. coming from humble beginnings and witnessed first-hand the emotional and financial stress of mis-managed credit cards amongst neighbours, friends or family eg. Anthony Albanese (PM), David Warner (cricketer), Cathy Freeman (athlete), Julie Collins (Federal Minister for Housing and the Minister for Homelessness),  Peter Lochert, Secretary, Depart of Parliamentary Services, Parliament of Victoria.

All would have been asked to watch the afore-mentioned Four Corners program and express the view that Australian Credit Card Users should be prepared to use a soon to be legislated new credit card that was Cap’d at around 14.4% interest rate and pay a smidgeon Purchase Usage Fee, so that no Credit Card User is again subjected to Usurious Interest Rates and Penalty Fees, both Unconscionable Credit Card Practices, because Revolvers would switch to such a new Credit Card and hopefully a lot of Transactors will also after viewing the Three ABC TV Programs Spread Over Six Weeks.

Third ABC TV program - Second Four Corners program (45 mins) three weeks after the above proposed Australian Story program

Eleven so 4 min approx. interviews with prominent Australians drawn from sporting, entertainment, politics and business that undertake to apply for and use such a new User Pays Credit Card because each believes that all Credit Card Users should be prepared to pay a teeny User Pays Purchase Fee for the Three Purchase Benefits Of Tap And Go so that all Australians Get a Fair Go.

 

 

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