Debt Collection Specialists | Sydney | LCollect
Debt Collection Agency | LCollect

Debt Collection News

At LCollect we believe that knowledge is power. Every month our debt collection blog gives you practical tips, stories and news from around Australia and the world.

COSL Release Unjust Transactions Position Statement

Thursday, March 29, 2018 - Posted by Michael McCulloch

Recently the Credit and Investments Ombudsman ("COSL") have recently released their Position Statement regarding unjust transactions.

The Position Statement covers areas such as:

  • what is unjustness;
  • how they consider unjustness;
  • how they consider low docs loans in an unjustness complaint;
  • how they consider reverse mortgages in an unjustness complaint;
  • what are some of the factors listed under S76(2) of the NCC;
  • the information they require to consider unjustness;
  • what relief is available for an unjust Contract; and
  • interpretation

You can download a copy via our website.

Recent Posts



Copyright © LCollect 2018 | All Rights Reserved | Licensed Mercantile Agent License #409661517 | ABN 44 089 892 688 |
Australian Credit Licence #430659
HomeSite Information | Privacy Policy