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Equititrust Limited Latest Judgement – Litigation Funding – Creditors collect zero!

Pleash, in the matter of Equititrust Limited (in Liquidation) (Receiver Appointed) [2019] FCA 1063.  https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2019/2019fca1063 The judge’s decision relates to an application by Blair Pleash and Richard Albarran as liquidators of Equititrust Limited to enter into a confidential settlement with Equititrust’s auditor, KPMG after eight years of legal proceedings. “The impression this leaves is inescapably … Continue reading Equititrust Limited Latest Judgement – Litigation Funding – Creditors collect zero!

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Final royal commission report released

The final report contains 76 recommendations. The following are some of the key recommendations made by Justice Hayne. Several recommendations deal with conflicts of interest or conflicts between duty and interest and that the law should be amended to provide that, when acting in connection with home lending, mortgage brokers must act in the best … Continue reading Final royal commission report released

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Bank regrets ‘unfair’ treatment of cattle-grazing family

The financial services royal commission has heard the case of the Brauers, a Queensland-based cattle-grazing family, who testified that they were “nearly wrecked” by their bank. During the fourth round of royal commission hearings, Bradley James, the regional manager for Queensland at Rabobank, turned to the Brauers while on the witness stand to express “regret” … Continue reading Bank regrets ‘unfair’ treatment of cattle-grazing family

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Banks expect Hayne royal commission focus on farming to ignite political fireworks

The next round of banking royal commission hearings will be a political powder keg given the emotion that could be stirred up by case studies exposing banks for trying to kick farmers off their land, the banks fear. Financing of the $60 billion agriculture sector will be the first topic under the microscope when the … Continue reading Banks expect Hayne royal commission focus on farming to ignite political fireworks

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Four Generations For Nothing (Short Film)

Shane has completed the script for his first short film titled “Four generations for nothing”. The film will address the emotional and psychological pressures that families in rural Australia face and is intended to create awareness and promote the Royal Commission into Australia’s Banks. The production will have a positive influence for those suffering under … Continue reading Four Generations For Nothing (Short Film)

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APPOINTMENT OF ROYAL COMMISSIONER

The Turnbull Government will, having consulted His Excellency, recommend the Governor General appoint former High Court Judge the Honourable Kenneth Madison Hayne AC as Royal Commissioner into Misconduct in the Banking, Superannuation and Financial Services Industry. Kenneth Hayne was a Justice of the High Court of Australia from 1997 to 2015. He was first appointed … Continue reading APPOINTMENT OF ROYAL COMMISSIONER

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Re: Yes to Banking Royal Commission!

This is a historic moment. Its a YES for a royal commission into the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Its a YES to national economic interest. Shane Reynolds author of Australia’a first book lifting the curtain on Australia’s financial services industry “Get a Second Opinion Before You Sign” has … Continue reading Re: Yes to Banking Royal Commission!

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CALLS FOR A ROYAL COMMISSION INTO BANKS GROW LOUDER AS THIS WEEK CBA WAS ACCUSED OF SYSTEMIC LAW BREACHES!

Allegations of more than 50,000 breaches of anti-money laundering laws by the Commonwealth Bank have put pressure on Govt politicians to support legislation for a Royal Commission into the banks when Parliament returns next week. My recently published book “Get a Second Opinion Before You Sign” Lifting the Curtain on Lending Practices & the Australian … Continue reading CALLS FOR A ROYAL COMMISSION INTO BANKS GROW LOUDER AS THIS WEEK CBA WAS ACCUSED OF SYSTEMIC LAW BREACHES!

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AussieHelpers Breakfast in a bag with Shane Reynolds & Get a Second Opinion Before You Sign

Aussie Helpers Charity promote Shane Reynolds book “Get a Second Opinion Before You Sign” and the work Shane does with Australian farmers! A special thank you to #bendigobanks #magicmeadows #aussiemadeandgrown #dicksmithfoods #Belindaaustin #neradatea #allanjones #SPC #weetbix #benfordham

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Author sheds light on shadowy world of lending

A newly written guide has shed light upon predatory lending practices lying within the commercial finance sector. Researched and compiled by industry veteran Shane Reynolds of Reynolds Private Wealth, the book is entitled Get a Second Opinion before You Sign and has targeted the dual audience of consumers and mortgage brokers. “I’ve always believed in … Continue reading Author sheds light on shadowy world of lending

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