A franchisee who borrowed money from Bank of Queensland testifies at the Banking Royal Commission
Channel: Banking Royal Commission
Date: 01/06/2018

[3.10] Suzanne Riches, an Adelaide primary school teacher, gives evidence on how she agreed to purchase two Wendy's franchises, only for Bank of Queensland to double her monthly interest payments once it was already too late to pull out of the contracts, forcing her to liquidate her company and sell her house.

Recorded on 23 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Exhibit documents:
https://bit.ly/2GTdDus

Transcript:
https://bit.ly/2sc4Grs

Testimony held during the third round of public hearings on lending to small and medium enterprises at the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video.

Video Source: https://bit.ly/2XBSBKh
Copyright information: https://bit.ly/2K2JMl2
Creative Commons license information: https://bit.ly/1rMF155

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© Commonwealth of Australia 2018.

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