The Australian Energy Regulator releases its Draft Decision on SA Power Networks Distribution Determination 2020 - 2025

Posted by SAFCA on 8 October 2019
On 31 January 2019, SA Power Networks submitted its revenue proposal to the AER. The proposal sets out the revenue SA Power Networks proposes to collect from its customers through distribution charges from 1 July 2020 to 30 June 2025. Draft Decision
On 8 October 2019 the AER released its draft decision on SA Power Networks' regulatory proposal for the 2020-25 regulatory control period, commencing 1 July 2020. The draft decision represents a key milestone in the determination of the a...
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Review of financial counselling services released

Posted by SAFCA on 3 October 2019
Source: Federal Government Media Release - Oct 3 2019 The Morrison Government is strengthening our commitment to supporting the financial counselling sector with the release of the Review of the Coordination and Funding for Financial Counselling Services across Australia.The Morrison Government is strengthening our commitment to supporting the financial counselling sector with the release of the Review of the Coordination and Funding for Financial Counselling Services across Australia. ...
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There are big changes to how your credit score is calculated. Here's how they impact you

Posted by SAFCA on 25 September 2019
Source: https://www.abc.net.au Big changes to how your credit rating is calculated are taking effect, with lenders able to access more information about your credit history than ever before. It has its fans and critics and has been five years in the making.
Let's break down what it means for you.
What is comprehensive credit reporting (CCR)? It's a beefed-up system of information about your credit history that lenders can access via credit rating agencies. Previously, lender...
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"I don't want other women falling into the same trap." Victorian woman joins Canberra delegation to urge Government to stop predatory payday lenders

Posted by SAFCA on 17 September 2019
A Victorian woman who has suffered at the hands of payday lenders has an important message for the Government about the dangers of payday loans as she joins the Stop the Debt Trap Alliance, a coalition of over 20 consumer advocacy organisations from around the country, to visit MPs in Canberra today to call for laws to stop harmful payday loans. Shortly after Noorlia Mansor moved to Australia with her now ex-husband, she had to flee her home due to family violence. She thought that a few ...
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Debt collector's bankruptcy boom casts focus on ledger sales

Posted by SAFCA on 19 August 2019
Source: The Financial Review A massive split has emerged in the aggressiveness of bankruptcy tactics of ASX-listed debt collectors, raising questions about any impact on sales of outstanding ledgers to them. Research conducted by financial counselling groups found Brisbane-based Collection House's subsidiary Lion Finance had filed 512 bankruptcy actions in the Federal Court in the past financial year. Its major rival, Sydney-based Credit Corp, filed none while smaller providers were...
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