CP 172 Review of EDR jurisdiction over complaints when members commence debt recovery legal proceedings

Released 2 December. Comments closed 27 February 2012. Draft RG included in CP.

This consultation paper explains the background and scope of ASIC’s review of external dispute resolution (EDR) scheme jurisdiction over complaints when members commence debt recovery legal proceedings.

The purpose of this paper is to seek the views of consumers, consumer representatives, industry, ASIC-approved EDR schemes and other interested stakeholders so that we may assess this EDR scheme jurisdiction and determine whether any refinements to the requirements in Regulatory Guide 139 Approval and oversight of external dispute resolution schemes (RG 139) are necessary.

Download the paper (PDF 281 KB) | Read the advisory | View current RG 139

  Submission from Date received

1

Angas Securities

2 February 2012

2

GE Capital

10 February 2012

3

Fox Symes Home Loans Group

20 February 2012

4

Australian Collectors & Debt Buyers Association

23 February 2012

5

Confidential

23 February 2012

6

Confidential

23 February 2012

7

Credit Ombudsman Service Limited

27 February 2012

8

Bransgroves Lawyers

27 February 2012

9

Australian Securities Limited

27 February 2012

10

Banksia Mortgages Limited

27 February 2012

11

Consumer Credit Legal Service (WA) Inc

27 February 2012

12

Credit Corp Group

27 February 2012

13

Ezy Mortgage

27 February 2012

14

Mortgage & Finance Association of Australia

27 February 2012

15

Southern Finance Ltd

27 February 2012

16

Provic

27 February 2012

17

Confidential

27 February 2012

18

AFMA

29 February 2012

19

Redfern Legal Centre

29 February 2012

20

Financial Ombudsman Service 
Attached FOS report

2 March 2012

21

Legal Aid NSW

6 March 2012

22

Consumer Action Law Centre (joint consumer submission)

7 March 2012

23

Consumer Credit Legal Centre NSW

7 March 2012

24

Australian Bankers' Association

8 March 2012

25

Genworth

8 March 2012

26

Australian Finance Conference

9 March 2012

27

Abacus Australian Mutuals

12 March 2012
Last updated: 02/12/2011 12:00