Doug Shave

Doug Shave

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    National consumer day focuses on young

    24/11/2000 6:00 AM
     
    24/11/00

    Before you splash your cash is the theme of a fair trading campaign to help young people which will be launched today by Fair Trading Minister Doug Shave.

    “The Australia-wide campaign focuses on 16 to 20-year-olds facing their first experiences in high ticket areas such as cars, rental accommodation and credit,” Mr Shave said.

    “Most young people believe they know their rights but when it comes to protecting them in their first big transactions, they sometimes wing-it and nose-dive into financial difficulties.

    “As a result they can end up paying dearly for mistakes that could easily have been avoided by obtaining practical - and free - information.”

    Key messages of the Before you splash your cash campaign are: take your time, be careful when asked to sign a contract or agreement, ask questions, and really understand what you are getting into before making any commitment.

    “The Ministry of Fair Trading is a valuable source of free information and advice about some very important decisions facing young people,” Mr Shave said.

    “The information includes advice to help them avoid rip-offs, to know how to manage credit, and what to do when a landlord/tenant relationship goes bad.”

    Sharing a flat or house with other young people and wanting to break the lease when one leaves is a frequent query to Fair Trading. Many callers get angry when they discover landlords are entitled to seek compensation for re-letting costs when a lease is broken.

    “Credit questions to Fair Trading from young adults usually concern vehicle purchases. Some cases involve claims of misrepresentation by sales staff of repayments and charges, resulting in borrowers having difficulties with repayments,” Mr Shave said.

    “Many young people have friends who have had money problems but this doesn’t always prevent them from getting into the same trouble.”

    The Before you splash your cash campaign includes a pocket guide with useful tips on shopping, renting property and buying a car that will be distributed through schools, TAFE colleges, universities, youth centres and cafes.

    Copies can also be obtained from the Fair Trading Call Centre on 1300 30 40 54 for the cost of a local call from anywhere in the State and from the Fair Trading website, http://www.fairtrading.wa.gov.au

    Posters will be widely distributed that provide useful referral and contact details where young people can obtain free advice and information.

    Media contact: John Clune 9213 6500