Banking Regulations and Large Corporates - Beware
Found out some pretty shocking information.... I cancelled my insurance policy with AMI and they owed me a refund.
Instead of paying the refund, they set up a direct debit on my bank account with BNZ without my authority and withdrew the amount they were supposed to refund me.
Called the bank to find out how that could have happened and they told me that "a number of large organisations were allowed to set up direct debits without any authorisation from the customer".
I called the Banking Ombudsman and they confirmed that was correct. They said it was done to "reduce the amount of paperwork for the organisations and they depended on the fact it would reflect badly on these organisations if they abused the plan" to prevent any issues.
So anytime they want, telcos, insurance companies electricity companies, etc can set up a direct debit on your accounts and deduct money. If you want to dispute it, you have to go through a disputes resolution process, so there goes hours, days or months of your time to get your money back.
Unbelievable!!!!!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Poll: Are Kiwis allergic to “exuberance”? 🥝
In The Post’s opinion piece on the developments set to open across Aotearoa in 2026, John Coop suggests that, as a nation, we’re “allergic to exuberance.”
We want to know: Are we really allergic to showing our excitement?
Is it time to lean into a more optimistic view of the place we call home? As big projects take shape and new opportunities emerge, perhaps it’s worth asking whether a little more confidence (and enthusiasm!) could do us some good.
-
40.4% Yes
-
34.1% Maybe?
-
25.5% No
Appeal for information following burglaries: Christchurch
Police investigating a stolen trailer and motorcycles in the Christchurch area are seeking help from the public.
On Monday 15 December, Police received a report that the trailer [pictured] had been stolen sometime overnight on Sunday 14 December, from an address on Kairua Road in Hornby.
The trailer - registration U110C - was then used in a burglary of four motorcycles from an address on Almond Lane, Prebbleton on Monday 15 December.
Police have since located the trailer and are now needing the public’s assistance to try find where the trailer has been or who may have been driving the vehicle towing it.
If you have any information regarding the thefts or the trailers movements from Sunday 14 December, around 4pm, onwards please contact Police.
Information can be provided through 105, either online or over the phone, please use reference number: 251215/1054.
Alternatively, you can make a report anonymously though Crime Stoppers on 0800 555 111, using the same reference number.
Loading…
