If so, it's a very silly idea, because the whole point of a
redress scheme is to encourage people to go the simple route and take a lesser sum of money, than if they go to law and litigate," Morrison told Guardian Australia.
Under both the Consumers, Estate Agents and
Redress Act 2007 and Enterprise and Regulatory Reform Act 2013, estate agents and letting agents respectively must be a member of a government authorised
redress scheme in order to operate.
The report by the Panel of Experts on
Redress will be presented today.
Bethany Survivors Group leader Derek, 74, said: "It's taken us 17 years to get the
redress we should have had in 1999.
During the seminar last week, participants, who are members of grievance
redress committees in different regions, learned how to handle project complaints at project level, and to promote community involvement during project implementation.
The
redress scheme was approved by CPP customers in a vote last year and it became effective on January 31 this year after being sanctioned by the High Court.
Mirzha de Manuel Aramendia, director of capital markets policy at CFA Institute and co-author of the report, said, "Despite recent regulatory reform, misselling remains a top concern for investors and in many countries, supervision has so far largely ignored
redress and focused only on fining misconduct.
ON has agreed to a
redress package that reflects the damage done by the company's extensive poor sales practices conducted between June 2010 and December 2013.
If you cannot find it, contact your bank and ask them if you were given alternative
redress when they paid out your PPI compensation.
An investigation by the BBC claims that Lloyds has been reducing payouts to personal loan customers who believe they were wrongly sold PPI by using socalled comparative - or alternative -
redress.
Parliament, Council and Commission have reached an agreement on the proposed directive allowing for collective
redress in cartel cases
Lloyds TSB Bank, Lloyds TSB Scotland and Bank of Scotland have together been fined an amount of GBP4,315,000 for delaying the payments of
redress to customers affected by the payment protection insurance issue.
RBS still appears to be the most underprovided bank for IRHP
redress.
The European Commission encourages the creation of national collective
redress systems to allow complainants in the European Union to launch a group action to denounce the same infringement.
He evaluates the rights of victims of injustice and how they continue beyond their death, how it is an injustice that the benefits of past injustices continue to be enjoyed, how communities are a conglomeration of past-present-future, how our obligation of
redress derives from political organization and not the aggrieved community itself, and how past wrongs persist in the present.
