MACQUARIE
Group chief executive Allan Moss
leaves the "millionaires'
factory" with a fortune worth
more than $80 million, setting
new standards in a debate about
how much executive pay is too
much.
Switchbanks
has had our meeting with the Federal
Treasury department. The news
is pending due to our successful
meeting.
Stay
tuned for the full update, at
which will help Australian's reduce
debt.
Points
of call - Debt consolidation hotline
- programs for people to eliminate
debt - Switchbanks has the tools
and will now take them further
for analysis with the Government.
Switchbanks
is currently in discourse with
the Treasurery Department through
The Hon Wayne Swan MP. We have
a meeting set down for April 2008
with the Treasurer. We will be
addressing many of the issues
that the government have been
discussing of late, when we meet
with Mr Swan next month. The governments
clarity and willingness to participate
with us now in helping Australian
citizens to reduce their debts
is very welcomed. Our vision is
without malarkey or discombobulation
and our desire has always been
to assist Australians, under financial
pressure. Switchbanks is not against
the banks, but has empathy for
Australian citizens who desire
a "switch" to ensure
a better outcome for themselves
in these difficult times or reduce
debt.
HAS
NOW BEEN WON WITH THE MEDIA AND
NEWS GROUPS ACROSS AUSTRALIA.
THE
AUSTRALIA GOVERNMENT HAS ACKNOWLEDGE
OUR DREAMS TO MAKE IT EASIER FOR
THE PEOPLE TO SWITCH.
Well...
This is not entirely true...
After
speaking with the Treasury (Jim
Chalmers PA DCS) and the hand
off attitude of APCA,
who appear to be just a puppet
of the treasury without their
backing, we became very suspicious
of the motives.
Switchbanks
called the CEO of APCA,
numerous times to discuss how
we might be able to work together
to help battling Australian's
under financial pressure. There
was very little response which
makes us think that they are not
really interested in helping us
to help Australian's.
Choice
stated that it was a great plan
back then, we didn't.
Switchbanks
were left in the dark as usual
to bigger corporations with more
power and stupid idea's.
To
put it simply, the Australian
Government has no power over the
banks. If the Government was really
interested, they could work to
provide ways of simplifying the
switching process by initiating
simpler compulsory procedures
for switching detailed bank accounts
from one bank to another.
This
is something that we don't think
will ever happen anyway, even
though it is used in various intelligent
countries.
Difficulty
in switching is always going to
exist. I don't feel that we will
ever see in our lifetime the banks
and the federal government working
together to provide simpler switching
"systems" that will
assist the Australian community
in this regard.
The
government is only compiling information
for the customer to take to another
bank. Reducing fees on the exit
and making the banks accountable
for the system of information
that will be produced to another
bank for easy entry. No porthole
or backend system will be produced
ever for an online switch.
Even
our switching system is manual
- time consuming and we can only
guide the switch externally.
SWITCHBANKS
WILL CONTINUE IN OUR MISSION TO
HELP PROVIDE A SIMPLER WAY FOR
AUSTRALIAN'S TO SWITCH BANKS.
WE WILL CONTINUE TO DO THIS FREE
OF CHARGE BECAUSE WE BELEIVE THAT
AUSTRALIANS SHOULD HAVE CHOICE
AND THAT THE SWITCH SHOULD NEVER
BE COMPLICATED.
