Predatory Lendings

Jim Davidson’s Story   My name is William James Davidson and I arrived in Australia when I was 46 years old. I wanted to set up a family business. I was operating as a sole trader prior to 2008. In May, I set up the Far North Queensland Cattle Company Pty Ltd ACN 131 125 […]

Selwyn Krepp’s story   My name is Selwyn Krepp and I have been trying to resolve disputes with Commonwealth Bank. This has proved difficult. In 2009, I had two investment properties in Queensland, units located at Cairns and a house nearby. Both investments were in good condition and the Bank required me to use them […]

My name is Paul Nielsen, and I would like to tell you a story about Ann Genner, who I met a few years ago. Ann arrived in Australia from Berlin with her mother shortly after the end of the Second World War. Her story is particularly disturbing: she was cheated by her bank and its […]

Ron Feierabend’s story   I am a farmer, and, by God’s good grace, I am a descendant of a family from Germany who for generations, have been solid reliable farmers.  Our history stretches back to the 1500s and, in the latter years, we had come to Australia to continue our agricultural heritage on the vast […]

Michael Murphy & Tracey Moore’s Story Prior to 2008, I was living at Mount Newman (“Newman”), and Tracey was living in Perth. We wanted to purchase a home in Perth for our future. We discussed this with Commonwealth Bank, and it loaned us funds to purchase an investment property at Newman. This made sense because […]

JMA’s Story In 2005, the Jenolan Caves House lessee experienced financial difficulty following a decision by the government to not reappoint the Jenolan Caves Reserve Trust (the Trust) Board. It meant the government breached the National Park and Wildlife Act; it was in breach of the Services Agreement. At the same time, St George Bank […]

Archer Field’s Story In 1990, a 99-year lease of Caves House was granted to Jenolan Caves Resort Pty Ltd (JCR), and subsequently, Jenolan Caves Reserve Trust (the Trust) Board was set up by an earlier Liberal Government. Silkbard Pty Ltd (later renamed JCR) and the Trust were members of a Public Private Partnership (“the PPP”). […]

John Wharton Story My name is John Wharton. I would like to tell you about my experience with my lenders, which committed one of Australia’s greatest crimes. I was a Councilor in 1991, before being appointed Mayor of Richmond in 1997. At that time, I was managing my family’s farming business with my wife. In […]

Craig Perry Story My name is Craig Perry. This is my story, my worst experience with one of the leading banks in Australia for ages. I was cheated by the bank since we accepted the bank’s first offer for our loan facilities. In 2010, my family signed a loan contract with Commonwealth Bank at Swan […]

Neil Hermes Story My name is Neil Hermes. This is my story relating to the bank’s misconduct and its devasting effects to my family and life. In 2007, I signed a loan contract with Bankwest in order to purchase a tourism property at Jervis Bay on the south coast of NSW. This was an important […]