Jump to content

Collection Discussions in Australia


aussie_guy
 Share

Recommended Posts

Are there any Australians on this board who may be able to point me to an aussie specific website on debt collection similar to this one.

The laws on fair debt collection are somewhat different in Australia so being able to read up on this would be a big help to me. One thing we dont have (which would be really useful) is the letter you can send to stop a debt collector calling you. Doesnt exist as far as I am aware. Also no such thing as a validation letter or getting $1000 per violation :(

You can send a validation letter but they are free to ignore it.

Link to comment
Share on other sites

You might try google for something like "Australia Debt Collections" and see what comes up. Grim seems to think from his chats with friends all over the world, some countries the government is involved heavily in debt collection. Not like it was in the USA at one point where those who couldn't pay their debts went to prison.

That being said some countries don't have the factors why many people in the USA have to resort to tasks such as ones described on here, such as the nation having socialised medicine (like Canada), very liberal unemployment benefits (like France and Germany for example), and creditors that are more stringent on who is extended credit. So the one big reason why someone would be in debt and unable to pay it back is an unwillingness to do so. And those types are everywhere.

If you ask around the #1 and #2 reasons why they are on these boards is Unemployment and uninsured medical conditions.

Link to comment
Share on other sites

You might try google for something like "Australia Debt Collections" and see what comes up. Grim seems to think from his chats with friends all over the world, some countries the government is involved heavily in debt collection. Not like it was in the USA at one point where those who couldn't pay their debts went to prison.

That being said some countries don't have the factors why many people in the USA have to resort to tasks such as ones described on here, such as the nation having socialised medicine (like Canada), very liberal unemployment benefits (like France and Germany for example), and creditors that are more stringent on who is extended credit. So the one big reason why someone would be in debt and unable to pay it back is an unwillingness to do so. And those types are everywhere.

If you ask around the #1 and #2 reasons why they are on these boards is Unemployment and uninsured medical conditions.

I can see what you mean. Australia's unemployment benefits would be liberal (although probably not as liberal as Canada, and we do have socialised medicine. Medical debts are almost unheard of in the debt collection industry in Australia whereas I notice quite a few on these boards.

Our regulatory body ASIC seems to be pro-debtor as well with a guideline on debt collection being published soon. And a recent report issued to debt collectors about SOL debts.

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-289+ASIC+calls+for+debt+collectors+to+improve+practices+on+old+debts?openDocument

Link to comment
Share on other sites

Medical collections are a huge business here, with the USA's private pay model of health care.

Worse are medical "practices" that negotiate rates with insurance companies under the guise of "accepting lower pay for more patient volume", and then turn around and bill the patient for the difference between what the insurance paid and what the doctor's "cash" charges would be.

I just read the report on SoL debts down under - YES! let's hear it for those Aussies!

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.