GLOBAL ACTION (AUSTRALIA) believes that the rights of debtors (often the little people) have in many areas been eroded as banks, financial institutions, and big business have grown wealthier and more powerful. Such a state of affairs requires swift redress and so GLOBAL ACTION (AUSTRALIA) will examine and overhaul the law and rights of all parties in this very important area of commercial life. GLOBAL ACTION (AUSTRALIA) is particularly concerned about the unconscionable activities of debt collection agencies in their various guises. See closure of debt collection agencies:- Banking Sector A proper legal process is in place through our court system and GLOBAL ACTION (AUSTRALIA) will ensure that the rights of both debtors and creditors are respected and upheld in this manner and not by the actions of commercial cowboys and stand over men. Fair play must be the guiding rule for all parties. SELLING OF DEBTS TO DEBT COLLECTION AGENCIES Debt collection agencies have ruined the credit ratings of tens of thousands of Australians. The practice of selling debts (as used by organisations like Telstra) will be banned instantly! Period! THE FAMILY HOME Under clearly defined guidelines GLOBAL ACTION (AUSTRALIA) will move to have the family home protected from bankruptcy proceedings in all states in Australia. Exemption provisions may include the home not being valued at an exorbitant price or being used as an excuse to withhold money from creditors. Also see: BANKING SECTOR JUSTICE SYSTEM
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