Australian real estate agents face fines and jail if tenants told to use super to pay rent

-
The corporate watchdog has warned real estate agents they face up to five years jail if they ask tenants to withdraw super in order to pay the rent.

In a letter to peak real estate bodies, the Australian Securities and Investments Commission’s head of enforcement, Tim Mullaly, said the regulator was closely monitoring the situation and “will not hesitate to act swiftly to protect vulnerable consumers”.

Read more: https://www.theguardian.com/australia-news/2020/apr/03/australian-real-estate-agents-face-fines-and-jail-if-tenants-told-to-use-super-to-pay-rent

Two people in front of centrelink sign

Comments

Post a Comment

Popular posts from this blog

Sydney and Melbourne housing auction clearance rate dives but Jeff Horn is priced out in Brisbane

-
Image
The number of homes being put up for auction across Australia has continued to plummet, quashing hopes of spring injecting momentum into the struggling market. According to property researcher CoreLogic it was the “lowest preliminary clearance rate seen so far this year” at just 55 percent across Sydney and Melbourne. Both markets were down by more than 500 on the same weekend as last week with owners of luxury homes tending to sell privately before auction. Read More:  https://finance.nine.com.au/personal-finance/property-sydney-melbourne-auction-clearance-rate-brisbane-jeff-horn/8d48d01a-13ff-43fc-b657-0f7b49b54593
Read more

The rise and rise of Ariarne Titmus, Australia's swimmer of the year

-
Image
The 19-year-old was the toast of the 2019 Swimming Australia Awards in Sydney on Sunday night, cleaning up by also claiming Short Course Swimmer of the Year and sharing the Patron Award. Tasmanian-born, Brisbane-based Titmus already had plenty to celebrate in a breakout 2019 after famously dethroning American great Katie Ledecky to claim 400m freestyle gold at this year's world titles in South Korea in July. It marked the first time Ledecky – a 14-time world champion – had been beaten over 400m, 800m or 1500m freestyle at a major international meet since 2012. Read more:  https://www.smh.com.au/sport/swimming/the-rise-and-rise-of-ariarne-titmus-australia-s-swimmer-of-year-20191125-p53do0.html
Read more

With koala numbers in decline, one lobby group has drafted its own protection legislation

-
Image
 Wildlife rescuer Tracey Wilson lets out a familiar refrain whenever she receives a call about a lost or injured koala: "Here we go again".  It is not from a lack of love for the iconic marsupial — Ms Wilson spends countless hours helping injured koalas recuperate from all sorts of injuries and mishaps. She was one of the first people on hand when 21 koalas were found dead and 49 so horribly injured they had to be euthanased after a south-west Victorian timber plantation was cleared in 2020. Many of the koalas that survived that incident recovered at Ms Wilson's wildlife sanctuary in Koroit. Her frustration, she said, stemmed from the fact that the number of calls to help injured koalas was increasing. Read More: https://www.abc.net.au/news/2022-06-22/koala-protection-act-lobbying-save-endangered-animal/101168116
Read more