Australia has a strict regime of regulations that govern the delivery of goods and services and the conduct of companies that are based here and has a number of regulatory bodies that enforce them.

Australian Property Law

The rights of private property owners are enshrined in the Australian Constitution, confirming Australia as a “Common Law” country with property rights protections built up over centuries of law back to the Magna Carta in the year 1215. Under this body of law it is absolutely illegal, on both a State and Federal level, for the government to confiscate someone’s private property without due process.

The independent international Property Rights Alliance gives Australia one of the highest scores in the world (8.24) for its property rights protections. By comparison, the United States receives a score of 8.07, Germany a score of 7.95, China a score of 5.71, and India a score of 5.56.

The Australian Competition and Consumer Commission (ACCC)

Under Australian Consumer Law, when you buy products and services they come with automatic guarantees that they will work and do what you asked for. These guarantees include your rights to a replacement or refund as well as compensation for damages and loss.
SendGold is compliant with all aspects of Australian Consumer Law.

The Australian Securities and Investments Commission (ASIC)

Mobile Assets Pty Ltd is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFS License No. 296877). ASIC is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. SendGold is compliant with ASIC guidelines.

The Australian Privacy Act of 2008

The Privacy Act of 2008 is an Australian law which regulates the handling of personal information about individuals. SendGold has developed a stringent privacy policy that is in compliance with the Privacy Act. You can review that policy here.

The Australian Transactions Reports and Analysis Centre (AUSTRAC)

AUSTRAC is Australia’s anti-money laundering regulator responsible for the provisions of the Anti-Money Laundering Act of 2006. SendGold operate a comprehensive anti-money laundering program monitored by AUSTRAC. Our AUSTRAC designated service number is 100529055.

Mark Pey

December 16, 2019

In a previous blog post we outlined some of the fundamental differences between owning physical gold and owning gold derivatives like ETFs: https://www.sendgold.com/gold-etf-it-always-pays-to-read-the-fine-print/ In a research note to their clients last week major global bank ABN AMRO takes this distinction a step further. Rather than their being one gold price, they suggest that in practice…

SendGold

December 11, 2019

SendGold receives investment from Melbourne-based family offices led by leading wealth management firm EL&C Baillieu. SendGold is pleased to announce that it has received an investment from several Melbourne-based family offices in a round led by EL&C Baillieu.  This investment is in addition to the current crowdsourced funding (CSF) round that is open on the…

In the News

August 23, 2018

SendGold, an asset-based peer-to-peer digital money platform, has launched an equity crowdfunding campaign to raise $2 million. The fintech is an alternative to bank money, allowing customers to save, invest, gift and pay using gold. The equity crowdfunding offer is live via the OnMarket platform until September 14.

Source: Business Insider Australia

August 1, 2018

SendGold CEO Jodi Stanton has been through the blockchain roller coaster over the last five years, and has the scars to prove it. Today, her young company, SendGold, is live in ten countries in various forms across Asia-Pacific, delivering digital gold money to anyone with a mobile phone, and does so without…

Source: Australian Business Executive

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