Noosa News
Farmer continues long-running fight with Suncorp, but property is at risk
Bundaberg cane grower Ronald Feierabend has had a heart attack, a cancer diagnosis and lost his father during his long-running fight with his bank and now he’s on the brink of losing his farm.
Key points:
- Mediation and internal customer advocacy have failed to settle the long-standing dispute between Mr Feierabend and Suncorp Bank
- Advocates say thousands of cases raised at the Royal Commission are still unresolved
- In line with legislation, the Australian Financial Complaints Authority is under review
Mr Feierabend said he was in the process of refinancing his loan after flooding in 2013 when he noticed the budgets the bank was relying on to estimate his farm’s profitability were different to the ones he supplied.
It overstated his…
Continue Reading
-
General12 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
Noosa News18 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General15 hours agoTrump mulling whether to fire US Fed chair Powell
-
Noosa News18 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game