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Thirty Two Questions and Supporting Evidence Submission
Letter to Royal Commission April-2018 Defined Terms & Documents
17(a)th
Question
Will the
Royal Commission ask
the Chairman
of the ACCC, Mr. Rod Sims, to
examine the information regarding advertisements for Credit Cards (explained
in the Nine
Examples within Labyrinth
of ‘Concealed Spiders’), with
particular regard to obligations under the National
Consumer Credit Protection Amendment (Home Loans and Credit Cards) Act 2011, to
determine if any represent Predatory Advertising, ipso facto Unconscionable
Conduct based
in the ACCC's description of
Unconscionable Conduct?
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Supporting Documented Evidence re 17(a)th Question
1. ASIC
is empowered to impose monetary penalties where Unconscionable
Conduct is
found to exist.
The Royal Commission can recommend that the Council
of Financial Regulators ban any
marketing practices that the ACCC deems to be Unconscionable Conduct.
2. Credit
Card Issuers have since conjured up more Predatory Advertising to Target
Credit Cardholders With
Low Financial Literacy Capacity that continued unchecked by Two Of Australia's
Three Financial Services Regulators.
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