I understand a court has the power to garnish a person's wages from an Australian bank if they owe credit to a debtor. Are they also able to do the same with a foreign owned bank such as ING or Citibank operating within Australia? I understand they are anable to garnish a persons funds from a bank account in a foreign country. I'm not sure if this would also include New Zealand as a friend has been harassed by a debt collector in Australia for a debt he aquired in New Zealand. Anyone know where we stand with regards to the above?
Wage Garnish from ING or Citibank
Lblubber on 11/09/2015 - 15:14
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as a friend has been harassed by a debt collector in Australia for a debt he aquired in New Zealand
That is not harassment.
they are also australian based arms of teh international, so can wages can be garnished as well.
Pay the debt or child support like you should do.I am pretty sure that both ING and Citibank operate as local companies in Australia (e.g. Citibank Australia Pty Ltd).
Even if a person owes money to someone in the other country, his debt can be sold to a debt collector in the country of his residence. That's perfectly legal.
Tell your 'friend' to pay his debts.
Long story short, if the bank has an AFSL number then that organisation will be subject to the laws surrounding financial institutions in Australia.
Your friend can most certainly run, but your friend certainly cannot hide.
All the best.
If your "friend" is going to have his wages garnished, it will be the employer that will receive the court order, not the bank.
Your friend is in a real pickle, why don't you lend them some money ?
Your 'friend' should probably pay the money he owes instead of trying to avoid it… Just a thought