Overview

Macquarie response to ABC News website

01 November 2010

Macquarie is surprised by comments published on the ABC News website suggesting that it has failed to respond to requests from the ACCC in relation to certain telecommunication equipment rental contracts.

Macquarie has fully co-operated with the ACCC and responded to all its requests. 

The total outstanding value of equipment in dispute is approximately $1million with the average claim of $19,000.00.  In all cases in dispute, customers have ceased making rental payments and refused requests to return equipment to Macquarie.  These claims are subject to dispute resolution by independent tribunals and the courts.