Reps advocate judicial taskforce to aid AMCON debt recovery

The House of Representatives Committee on Banking and Other Ancillary Institutions has called for the creation of a judicial task force specifically dedicated to the trial of cases involving the Asset Management Corporation of Nigeria. This move is intended to expedite the resolution of AMCON cases, many of which involve significant financial recoveries for the…

Government flags changes to HECS and placement pay

In short: the government has received recommendations from a major review of the university sector. Proposed changes include additional financial support for low-income students, and a new method for calculating HECS repayments. What’s next? Education Minister Jason Clare said the government would respond to the recommendations “in the next couple of months”. University students could get cost…

Mum’s despair when she discovered her son, 16, was gambling tens of thousands of dollars in local pubs – forcing her to cash in her super and re-mortgage her house to cover his debts

By Karen Sweeney For Australian Associated Press Published: 15:37 AEST, 7 December 2023 | Updated: 03:12 AEST, 8 December 2023 When a Melbourne mother discovered her 16-year-old son was gambling tens of thousands of dollars she began a frantic mission to get him help, only to be repeatedly turned away. In April last year she…

Court wipes punter’s $150,000 debt

Victoria’s Supreme Court of Appeal has wiped a punter’s $150,000 debt after ruling paperwork failures rendered the bets invalid. Bookmaker David McLauchlan took action against punter Allen Ng after the punter incurred hefty losses between February and April 2020. The County Court ruled in McLauchlan’s favour in 2022, ordering Ng to pay the debt and…