Skip to content

Corruption Ledger

The Public Ledger of Corruption

  • About
  • Corruption
    • corporate
    • government
    • leaks
    • misinformation
    • privacy and surveillance
    • protest and unrest
  • War
  • Sanctions
    • Sanctions News
    • Global Sanctions Feed
    • European Sanctions Feed
    • Canadian Sanctions Feed
    • US Sanctions Feed
  • Regions
    • Asias
    • Europe
    • Oceania
    • Middle East
    • US & Canada
    • World
  • Enforcement Actions
  • Economy
    • Crypto
  • Video
  • Freedom of Speech / Press
  • Toggle search form
  • Russia says jet scrambled as US B-52 bombers fly over Baltic Sea international conflict
  • Railroad reluctant to say who OK’d chemical burn after Ohio derailment corporate corruption
  • Scientists insist on continuing search for toxics in East Palestine corporate corruption
  • US announces sanctions on Iran drone procurement network _enforcement
  • Putin and Xi sign two documents in Moscow economy
  • JP Morgan, Deutsche Bank to face lawsuit over Epstein ties banks
  • Zuckerberg, Meta sued for failing to address sex trafficking, child exploitation corporate corruption
  • Top aide of Canadian PM Trudeau will testify in parliament on Chinese election meddling corporate corruption

General Commercial Group Pty Ltd (Urban Commercial Group), Eden Capital (Australia) Pty Ltd (Southside Lending): Misconduct (Dale Brendan Heremaia, Benjamin Eden Heremaia)

Posted on January 23, 2023March 6, 2023 By CorruptionLedger No Comments on General Commercial Group Pty Ltd (Urban Commercial Group), Eden Capital (Australia) Pty Ltd (Southside Lending): Misconduct (Dale Brendan Heremaia, Benjamin Eden Heremaia)
Home finance companies General Commercial Group Pty Ltd (formerly known as Urban Commercial Group) and Eden Capital (Australia) Pty Ltd (formerly known as Southside Lending) have each been penalised $50,000 by the Federal Court for failing to cooperate with the Australian Financial Complaints Authority (AFCA).

General commercial director Dale Brendan Heremaia and his son, Eden Capital director Benjamin Eden Heremaia, were ordered to pay $30,000 and $20,000 respectively for their roles in the misconduct.

The court outcome means for the next 12 months both companies are restrained from engaging in credit activity and the Heremaias are restrained from being involved in any business carrying on credit activity. Eden Capital will be allowed to collect payments on existing loans.

Under an AFCA determination General Commercial also failed to pay over $11,000 to complainants.

“Despite being members of AFCA, actions were taken to break the law by threatening to sue complainants, as well as taking legal proceedings against complainants and against an AFCA staff member personally,” said ASIC commissioner Danielle Press, according to information released by ASIC on January 24.

“As directors, Dale and Benjamin Heremaia had a responsibility to make sure their companies complied with AFCA’s processes, but instead, they went out of their way to avoid doing so.”

In response to complaints made about their conduct, both companies were found to have repeatedly refused to provide documents and information to AFCA when requested and harmed AFCA staff by subjecting them to inappropriate and unprofessional behaviour. Further, General Commercial was found to have:

  • Failed to pay an AFCA determination of $11,492.71
  • Commenced legal proceedings against an AFCA staff member after that staff member requested documents related to a complaint
  • Threatened AFCA complainants with legal proceedings unless they withdrew their complaint, and
  • Along with Eden Capital, commenced legal proceedings, via its parent company, Miravo Pty Ltd, against AFCA complainants in the Queensland Civil and Administrative Tribunal.

The Federal Court determined that the conduct of General Commercial and Eden Capital amounted to a breach of their obligation under their Australian credit licences to act efficiently, honestly and fairly and the obligation of licensees to cooperate with AFCA.

“This conduct continued over a lengthy period, it was not inadvertent and it undermined the effective operation of AFCA’s processes and the resolution of the complaints by the consumers,” said Justice Downes when handing down the penalty.

The defendants made admissions regarding the misconduct, agreed the penalty amounts and agreed to pay ASIC’s costs.

ASIC said General Commercial held a credit licence from June 28, 2018, until March 11, 2021, when ASIC cancelled its licence on a public interest basis that it was no longer a member company of the AFCA Scheme.

Australian Broker - brokernews.com.au

corporate corruption, corruption, Region Asias, Region Europe, Region Oceania, Regions

Post navigation

Previous Post: Ghislaine Maxwell claims Jeffrey Epstein was murdered in jail
Next Post: Finance companies and their directors fined for misconduct

See also

  • Japan securities firm SMBC Nikko slapped with ¥300 million fine for market manipulation _enforcement
  • INVESTAR, SFGP and other Montreal Cos Linked to Serafino Oliverio corruption
  • EPA orders Norfolk Southern to clean up toxic derailment in Ohio corporate corruption
  • KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence _enforcement
  • Jordan Chariton interview: Erin Brockovich Furious Over East Palestine Ohio Train Explosion, Government Response corporate corruption
  • FCC adds Russia’s Kaspersky & China telecom firms to national security threat list Region Asias

You must log in to post a comment.

  • Railroad reluctant to say who OK’d chemical burn after Ohio derailment
  • Scientists insist on continuing search for toxics in East Palestine
  • Top aide of Canadian PM Trudeau will testify in parliament on Chinese election meddling
  • Zuckerberg, Meta sued for failing to address sex trafficking, child exploitation
  • Norfolk Southern: Independent group finds toxic chemicals that Ohio EPA didn’t – Ohio train derailment (East Palestine)
  • JP Morgan, Deutsche Bank to face lawsuit over Epstein ties
  • Putin announces readiness to switch to the Chinese Yuan currency in foreign trade
  • Putin and Xi sign two documents in Moscow
  • US announces sanctions on Iran drone procurement network
  • Russia says jet scrambled as US B-52 bombers fly over Baltic Sea
Rumble Video

Corruption Ledger Follow

The Public ▇▇▇ Ledger of ▇▇▇ Corruption. https://t.co/wkobrEotQR

5amResearch
Corruption Ledger @5amresearch ·
10 Feb

News Coverage of the September 2022 #NordStream Pipeline Attack https://corruptionledger.com/news-coverage-of-the-september-2022-nord-stream-pipeline-attack/ via @5amResearch

Reply on Twitter 1623868066818928641 Retweet on Twitter 1623868066818928641 Like on Twitter 1623868066818928641
Corruption Ledger @5amresearch ·
10 Feb

Mia Jankowicz of Business Insider calls Pulitzer prize-winning journalist Seymore Harsh a "discredited journalist." #NordStream

Reply on Twitter 1623857264086974464 Retweet on Twitter 1623857264086974464 Like on Twitter 1623857264086974464 1
Corruption Ledger @5amresearch ·
9 Feb

#Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges
https://www.sec.gov/news/press-release/2023-25

Reply on Twitter 1623815305452560384 Retweet on Twitter 1623815305452560384 Like on Twitter 1623815305452560384
Corruption Ledger @5amresearch ·
9 Feb

SpaceX: Ukraine breaching agreement, weaponizing Starlink https://en.mdn.tv/71FW

Reply on Twitter 1623685510496505860 Retweet on Twitter 1623685510496505860 Like on Twitter 1623685510496505860
Load More

–

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Copyright © 2022 Corruption Ledger. This web site contains no ads.