Debt relief options
Senator Coghlan supports an early debate on the Central Bank debt pilot scheme and calls for clearer guidance for consumers dealing with differing financial-institution approaches.
I welcome the points that were made by Senator O'Brien about the Central Bank and the debt pilot scheme. Everything he said was valid and I urge the Leader to take on board the Senator's recommendation, and I second the call for an early debate on that. We are all aware of the suite of options available - there is varying variety that is widely varying with the differing approaches in different financial institutions. I am not saying we can achieve standardisation but in the interests of the consumer and those affected, there should be better guidance on the way through this maze. I urge the Leader to facilitate that.
I do not want to enter into debate but unlike Senator Bacik, I totally disagree and I would not like to widen in the slightest-----
