Criminal, civil and administrative penalties for white collar crime

Submission 46

RE: Senate Committee into

Penalties for White Collar Crime
Terms of Reference
The inconsistencies and inadequacies of current criminal, civil and administrative penalties for corporate and
financial misconduct or white-collar crime, with particular reference to:
evidentiary standards across various acts and instruments;
the use and duration of custodial sentences;
the use and duration of banning orders;
the value of fine and other monetary penalties, particularly in proportion to the amount of wrongful gains;
the availability and use of mechanisms to recover wrongful gains;
penalties used in other countries, particularly members of the Organisation for Economic Co-operation and
Development [OECD]; and
any other relevant matters.

Since the deregulation of the Banking and Finance industries, this country has (along with the rest of the
countries associated with the UN, IMF and supporting One World Government and Agenda 21), handed
foreign corporations the rights to use unconscionable conduct, bleed borrowers and depositors alike with
outrageous fees and charges as well as contracts for lending that are little more than criminal loan shark
documents. They have no rights or reasonable access to natural justice for the borrowers and are often not
even provided for the borrower until all documentation for the loans are enacted, signed (or in some cases
unsigned but contain a clause to state that simply using the cheque facility or loan account approves the
content of the contract document, sight unseen).

The penalties for bankers and finance institutions like FOS and their banker controlled institutions provide
nothing but an opportunity for the banks to access any complainants details and issues that may be put
before a court. The banks are using this material to phone and harass the complainants before they have
received word from FOS (inevitably) that FOS will not be acting on the matter. FOS should be disbanded and
those in the organisation should be held to account for their deceitful and despicable treatment of
borrowers who have been unconscionably dealt with by bankers and their legal representatives and
receivers, real estate agents and other agents, including the STATE TITLES OFFICES. Any collusion between
any of the above or threats towards the legal representatives or the complainants/customers of the bank,
should be harshly dealt with and those responsible should not be allowed to practice in that area until the
complaint is addressed and if confirmed, there should be severe penalties, including jail terms for the guilty
parties who have to date caused loss of livelihood, property, financial security and the health and LIVES of
the banks customers. They should not be able to practice in that profession again and should be limited to
their access to any opportunity for retaliation against the bank customers.

The police should not be used to enforce evictions on behalf of bankers or financial institutions/receivers,
etc. as they have been doing consistently, WITHOUT COURT ORDERS to do so. There are 53 or more know
evictions of BURDEKIN farmers awaiting eviction before the 2016 season begins in June, 2016. They are
CIVIL matters and should not have police involvement. There should be NO EVICTIONS without a COURT
ORDER to do so. These infringements should be heavily penalised and NO AGENT of a receiver or server of
legal papers should be allowed to act in a threatening or intimidating manner or stalk the clients. Any
breach of this action should result in jail terms and loss of any opportunity to work in that sector again.
They should not have prior convictions or jail terms on their record and be operating in this field.

Their needs to be a GRAND JURY system re-instated or a ROYAL COMMISSION called to investigate and apply
realistic penalties and impose rules for the behaviour and penalties for the misuse of the rules of dealing
with any customers associated with any of the above groups and any white collar criminal. The ordinary
citizen is increasingly disenfranchised from natural justice because of the inordinate use and abuse of
power and collusion of that power against him/her in this country.

Please see attached content of a social media meme referring to actions in ICELAND.

Criminal, civil and administrative penalties for white collar crime

Submission 46

The committee could take note of the actions that continue to operate in Iceland, where as recently as this
year, guilty parties from their inquiries have been put through the courts, convicted and charged for their
heinous activities and crimes against bank clients.

BANKS and Legal or other agents found guilty of criminal behaviour towards individuals or clients should
lose their license to trade in this countryin EVERY stateand individuals within those corporations who are
found guilty and/or complicit, should also lose their license to trade in their professions.

In this country, AUSTRALIA, bank clients have taken their lives as a result of the compounded effects of
deregulation of their industries and disempowerment in favour of foreign corporations and government and
the deregulation of the banking and finance sector and the massive disempowerment of bank clients and
the outrageous and unconscionable conduct of bank employees and their agents towards those clients,
causing engineered defaults and other grossly unethical treatment.

I ask that this committee consider the appalling effect this behaviour has had on each of us affected. Hence,
you should not expect that the vast majority of those affected will have any confidence in guiding the
committee towards a solution that they have no reason to expect will address the problem or the issues.
The government has long lost the confidence of the people in their governing of the countryappearing to
send so many issues to committees inquiries and other bodies that depend on the people to (at their own
expense, time and additional stress), bare their own cases and provide the solutions. I have yet to see a fair
and just result from any of those submissions for the individuals in this country. That is a shameful
indictment on governments allfor many decades.

It is long past time the governments of this country acted for the people of this country and not for
corporate moguls and power brokers. These white collar criminals should not be given tacit approval of
government by the minimal penalties imposed on them currently.

Kind Regards,

Margaret F Menzel,

E-mail:

Mob:
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