"Politics is the last resort for scoundrels", said Jawaharlal Nehru. During the time he was a Prime minister of India.
Since financial impact of this conspiracy is huge (as it goes back to refunding money for all those took loan and repaid in the last 50 or more years), I sent emails to then PM John Howard and the Treasurer Peter Costello.
Since no response came from them, I sent emails to other members of Federal parliament. The following is the list of few members of parliament Canberra; I sent emails, in September 2006 with detailed explanation of the matter listed above;
Tony.Abbott.MP@aph.gov.au,
Kevin.Andrews.MP@aph.gov.au,
Bruce.Baird.MP@aph.gov.au,
Fran.Bailey.MP@aph.gov.au,
kristy.mcdonald@aph.gov.au,
Mark.Baker.MP@aph.gov.au,
Bob.Baldwin.MP@aph.gov.au,
Phil.Barresi.MP@aph.gov.au,
Kerry.Bartlett.MP@aph.gov.au,
Bronwyn.Bishop.MP@aph.gov.au,
B.Billson.MP@aph.gov.au,
J_Bishop.MP@aph.gov.au,
Russell.Broadbent.MP@aph.gov.au,
Mal.Brough.MP@aph.gov.au,
A.Cadman.MP@aph.gov.au,
P_Costello.MP@aph.gov.au,
A.Downer.MP@aph.gov.au,
T.Draper.MP@aph.gov.au,
Peter.Dutton.MP@aph.gov.au,
K.Elson.MP@aph.gov.au,
Warren.Entsch.MP@aph.gov.au,
Pat.Farmer.MP@aph.gov.au,
Michael.Ferguson.MP@aph.gov.au,
Kim.Beazley.MP@aph.gov.au,
S.Crean.MP@aph.gov.au,
senator.fielding.MP@aph.gov.au,
jmacklin.mp@aph.gov.au,
A.Albanese.MP@aph.gov.au,
Arch.Bevis.MP@aph.gov.au,
senator.bishop@aph.gov.au,
Tony.Burke.MP@aph.gov.au,
senator.karr@aph.gov.au,
senator.conroy@aph.gov.au,
senator.evans@aph.gov.au,
Laurie.Ferguson.MP@aph.gov.au,
martin.ferguson.mp@aph.gov.au,
J.Fitzgibbon.MP@aph.gov.au,
Peter.Garrett.MP@aph.gov.au,
tellpeter@petergarrett.com.au,
Julia.Gillard.MP@aph.gov.au,
Alan.Griffin.MP@aph.gov.au,
senator.hurley@aph.gov.au,
senator.ludwig@aph.gov.au,
senator.lundy@aph.gov.au,
R.McClelland.MP@aph.gov.au,
senator.mclucas@aph.gov.au,
senator.obrien@aph.gov.au,
Gavan.Oconnor.MP@aph.gov.au,
Tanya.Plibersek.MP@aph.gov.au,
Nicola.Roxon.MP@aph.gov.au,
Senator.Allison@democrats.org.au,
Senator.Bartlett@democrats.org.au,
Senator.Murray@democrats.org.au,
Senator.Stott.Despoja@democrats.org.au,
Arthur.Chesterfield-Evans@democrats.org.au,
sandra.kanck@democrats.org.au,
Heather.Jeffcoat@democrats.org.au,
Karen.Bailey@democrats.org.au,
Jason.Grossman@democrats.org.au,
tim.law@wa.democrats.org.au,
brett.paterson@democrats.org.au,
zan.bassette@democrats.org.au,
Bruce.Carnwell@qld.democrats.org.au,
robin.macleod@democrats.org.au,
Liz.OssEmer@democrats.org.au,
vic@familyfirst.org.au,
national.secretary@alp.org.au,
national.president@alp.org.au,
communications@democrats.org.au,
onenation@optusnet.com.au,
sa@familyfirst.org.au,
nsw@familyfirst.org.au,
qld@familyfirst.org.au,
tas@familyfirst.org.au,
wa@familyfirst.org.au,
stephen@senatorconroy.com,
comments@whitehouse.gov,
info@vic.alp.org.au,
Here is the list of few members of State Parliament of Victoria in April 2007. I sent emails with more details of compounding interest and how the VCAT has been ‘brain high jacked’, in my case C111/2007 Hariharan Iyer Vs Westpac Banking corporation, by the special counsel who appeared for Westpac all of a sudden on 19th March 20007 from nowhere:
steve.bracks@parliament.vic.gov.au,
jacinta.allan@parliament.vic.gov.au,
daniel.andrews@parliament.vic.gov.au,
louise.asher@parliament.vic.gov.au,
ted.baillieu@parliament.vic.gov.au,
ann.barker@parliament.vic.gov.au,
peter.batchelor@parliament.vic.gov.au,
elizabeth.beattie@parliament.vic.gov.au,
gary.blackwood@parliament.vic.gov.au,
colin.brooks@parliament.vic.gov.au,
john.brumby@parliament.vic.gov.au,
neale.burgess@parliament.vic.gov.au,
bob.cameron@parliament.vic.gov.au,
christine.campbell@parliament.vic.gov.au,
carlo.carli@parliament.vic.gov.au,
robert.clark@parliament.vic.gov.au,
peter.crisp@parliament.vic.gov.au,
michael.crutchfield@parliament.vic.gov.au,
lily.dambrosio@parliament.vic.gov.au,
hugh.delahunty@parliament.vic.gov.au,
martin.dixon@parliament.vic.gov.au,
luke.donnellan@parliament.vic.gov.au,
joanne.duncan@parliament.vic.gov.au,
john.eren@parliament.vic.gov.au,
christine.fyffe@parliament.vic.gov.au,
judith.graley@parliament.vic.gov.au,
danielle.green@parliament.vic.gov.au,
andre.haermeyer@parliament.vic.gov.au,
benedict.hardman@parliament.vic.gov.au,
alistair.harkness@parliament.vic.gov.au,
joe.helper@parliament.vic.gov.au,
steven.herbert@parliament.vic.gov.au,
david.hodgett@parliament.vic.gov.au,
timothy.holding@parliament.vic.gov.au,
geoff.howard@parliament.vic.gov.au,
rob.hudson@parliament.vic.gov.au,
rob.hulls@parliament.vic.gov.au,
craig.ingram@parliament.vic.gov.au,
ken.jasper@parliament.vic.gov.au,
lynne.kosky@parliament.vic.gov.au,
craig.langdon@parliament.vic.gov.au,
telmo.languiller@parliament.vic.gov.au,
hong.lim@parliament.vic.gov.au,
jennifer.lindell@parliament.vic.gov.au,
tammy.lobato@parliament.vic.gov.au,
tony.lupton@parliament.vic.gov.au,
andrew.mcintosh@parliament.vic.gov.au,
judy.maddigan@parliament.vic.gov.au,
kirstie.marshall@parliament.vic.gov.au,
james.merlino@parliament.vic.gov.au,
maxine.morand@parliament.vic.gov.au,
terence.mulder@parliament.vic.gov.au,
janice.munt@parliament.vic.gov.au,
denis.napthine@parliament.vic.gov.au,
don.nardella@parliament.vic.gov.au,
lisa.neville@parliament.vic.gov.au,
russell.northe@parliament.vic.gov.au,
michael.obrien@parliament.vic.gov.au,
karen.overington@parliament.vic.gov.au,
tim.pallas@parliament.vic.gov.au,
john.pandazopoulos@parliament.vic.gov.au,
jude.perera@parliament.vic.gov.au,
bronwyn.pike@parliament.vic.gov.au,
jeanette.powell@parliament.vic.gov.au,
fiona.richardson@parliament.vic.gov.au,
tony.robinson@parliament.vic.gov.au,
peter.ryan@parliament.vic.gov.au,
robin.scott@parliament.vic.gov.au,
george.seitz@parliament.vic.gov.au,
helen.shardey@parliament.vic.gov.au,
ken.smith@parliament.vic.gov.au,
ryan.smith@parliament.vic.gov.au,
bob.stensholt@parliament.vic.gov.au,
bill.sykes@parliament.vic.gov.au,
murray.thompson@parliament.vic.gov.au,
marsha.thomson@parliament.vic.gov.au,
john.thwaites@parliament.vic.gov.au,
bill.tilley@parliament.vic.gov.au,
ian.trezise@parliament.vic.gov.au,
heidi.victoria@parliament.vic.gov.au,
nick.wakeling@parliament.vic.gov.au,
peter.walsh@parliament.vic.gov.au,
paul.weller@parliament.vic.gov.au,
kim.wells@parliament.vic.gov.au,
mary.wooldridge@parliament.vic.gov.au,
richard.wynne@parliament.vic.gov.au,
anne.sargent@parliament.vic.gov.au,
bridget.noonan@parliament.vic.gov.au,
liz.choat@parliament.vic.gov.au,
ray.purdey@parliament.vic.gov.au,
bruce.atkinson@parliament.vic.gov.au,
greg.barber@parliament.vic.gov.au,
candy.broad@parliament.vic.gov.au,
andrea.coote@parliament.vic.gov.au,
richard.dalla-riva@parliament.vic.gov.au,
kaye.darveniza@parliament.vic.gov.au,
david.davis@parliament.vic.gov.au,
philip.davis@parliament.vic.gov.au,
damian.drum@parliament.vic.gov.au,
khalil.eideh@parliament.vic.gov.au,
nazih.elasmar@parliament.vic.gov.au,
bernie.finn@parliament.vic.gov.au,
matthew.guy@parliament.vic.gov.au,
peter.hall@parliament.vic.gov.au,
colleen.hartland@parliament.vic.gov.au,
gavin.jennings@parliament.vic.gov.au,
peter.kavanagh@parliament.vic.gov.au,
david.koch@parliament.vic.gov.au,
jan.kronberg@parliament.vic.gov.au,
shaun.leane@parliament.vic.gov.au,
john.lenders@parliament.vic.gov.au,
wendy.lovell@parliament.vic.gov.au,
justin.madden@parliament.vic.gov.au,
jenny.mikakos@parliament.vic.gov.au,
edward.o'donohue@parliament.vic.gov.au,
martin.pakula@parliament.vic.gov.au,
sue.pennicuik@parliament.vic.gov.au,
donna.petrovich@parliament.vic.gov.au,
inga.peulich@parliament.vic.gov.au,
jaala.pulford@parliament.vic.gov.au,
gordon.rich-phillips@parliament.vic.gov.au,
johan.scheffer@parliament.vic.gov.au,
robert.smith@parliament.vic.gov.au,
adem.somyurek@parliament.vic.gov.au,
brian.tee@parliament.vic.gov.au,
theo.theophanous@parliament.vic.gov.au,
evan.thornley@parliament.vic.gov.au,
matt.viney@parliament.vic.gov.au,
gayle.tierney@parliament.vic.gov.au,
john.vogels@parliament.vic.gov.au,
Andrew.Young@parliament.vic.gov.au,
Stephen.Redenbach@parliament.vic.gov.au,
Matthew.Tricarico@parliament.vic.gov.au,
Wayne.Tunnecliffe@parliament.vic.gov.au
No one spoke anything about this or brought to public notice.
Federal Treasurer, Wayne Swan, wanted the borrowers to ‘punish’ the banks by moving the loans elsewhere.
In April 2008, a young boy i met, is a lock smith, he asked me ‘why Wayne Swan cannot pass a legislation in parliament that Lenders should charge simple interest and not compound interest, or at the least compel all lenders to disclose they charge interest compounding monthly and its impact?’
I have no answer to this. Alternatively why not Wayne Swan, remove Regulation 33F, Consumer Credit Code of Queensland 1994?
Why should Regulation 33F, recognise compounding frequency in the interest rate.
Why not Uniform Consumer Credit code (a Federal Legislation) spell out that the default interest method is Simple interest, unless clearly stated in the contract?
Like the loan document, the legislation (accidentally??) omits the words compound or simple.