The Australian Taxation Office says the “robo-debt” debacle is not its fault and it is unhappy being publicly linked with Centrelink’s controversial debt-recovery program. Senior ATO officials told a Senate committee investigating robodebt on Wednesday that the ATO simply handed its data on taxpayers over to Centrelink’s parent department, Human Services, which then used an automated…
The couple will have 12m in debt written off in exchange for agreeing to pay creditors 145,000, under the terms of the scheme. The bulk of the money will go to the biggest creditor, Dunbar Assets, formerly Zurich Bank. The couple had already lost control of prized assets, including the famous Unicorn restaurant and investment…
LAFAYETTE LA - Special note from Better Business Bureau of Acadiana: Better Business Bureau Serving Acadiana is celebrating National Consumer Protection Week. Each day this week, BBB will release a special tip on a variety of consumer issues which most affect local consumers. Drowning under an ocean of debt? You are not alone. Many people face…
It will be a few more weeks before Carlton legend Mike Fitzpatrick hangs up his boots as AFL chairman, but he doesn’t need to worry about things getting a little boring following his departure from the big game. The Fitzpatrick-chaired boutique investment disaster, Pacific Current Group (PAC), shows no signs of making peace with its…
Mr Green franchise seller Dean Richard Smith has been declared bankrupt. A Wellington man accused of taking money from franchise buyers – and failing to hold up his end of the bargain – has been made bankrupt. Dean Richard Smith, who appears to have links to convicted fraudster Sir Ngatata Love, was declared bankrupt on Tuesday following…
The National Company Law Tribunal (NCLT) bench here has ordered initiation of the corporate insolvency resolution process in respect of Basmati rice exporter REI Agro, which was allegedly involved in a bank loan fraud, the company said on Tuesday. “..pursuant to filing of an application by Surendra Kumar Joshi, an operational creditor of the…
Having allegedly kidnapped, illegally detained, and withheld the passports of three men, four Chinese nationals including a Poipet City casino owner were recently arrested by the Phnom Penh municipal military police. The Cambodia Daily reports that the casino owner, 55-year-old Ding Chunyaun, allegedly ordered a trio of accomplices to kidnap the three gamblers, all of…
As I wrote about Fujifilm (OTCPK:FUJIY) last week, that company is a relatively rare example of a Japanese conglomerate that has moved reasonably quickly to transform itself in response to changing market realities. If Fujifilm is the “after” picture, Fujitsu (OTCPK:FJTSY) is more like the “before” picture, as weak profitability in its manufactured products continues…
Cambodian authorities have detained four Chinese nationals accused of a kidnapping and extortion plot involving gamblers whod rung up debts at a local casino. On Monday, Cambodia Daily reported that National Military Police had arrested Ding Chunyaun, the owner of an unidentified casino in Poipet City, along with three accomplices for the kidnapping of three…
The couple had 12m in debt written off in exchange for a one off payment of 145,000, under the terms of the scheme. The bulk of the money will go to biggest creditor Dunbar Assets, formerly Zurich Bank, and to Revenue. Other creditors will get just cents in the euro under the scheme. Under the…