House debates

Tuesday, 23 October 2018

Matters of Public Importance

Payday Loans

3:44 pm

Photo of Milton DickMilton Dick (Oxley, Australian Labor Party) Share this | Hansard source

The Northern Beaches—my apologies. He knows that, while they're sipping champagne, clinking their glasses, at the yacht club, they're making fun of those people and—what did he say?—the unintended consequences of this sort of legislation.

Well, I can tell you what the unintended consequence of not taking action on payday loans is. It's the pensioner in my electorate who was conned and tricked into buying an iPad that cost him $800 but ended up costing him $3,000. It was the mother of three who was conned and tricked into buying a fridge that cost her $4,000, which should have cost her $475. And it was the pensioner who was ripped off, who needed a car repair but was charged $5,000 for a $1,000 car repair. The excess, the greed, the rip-offs—and those opposite have the hide to talk about people taking control of their lives. If I were the member for Mackellar, I'd slink out of this chamber too.

Mr Falinski interjecting

Well, come back and listen to what I've got to say. You're going to learn something.

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