So, very confusing, eh? To uninitiated, maybe!
Not really, consider this:
AFCA's Chair, Helen Coonan, is a Gov't political appointee!
AFCA was set up-bred if you like-by Federal Gov't Legislation!
AFCA has 25,000 paid-up Members from financial services industry...including Credit Corp!
AFCA is tasked by Federal Government as Independent Ombudsman!
AFCA as a separate legal entity is subject to S912A of The Corporations Act! Namely, Unconscionable Conduct
AFCA hears & adjudicates financial cases brought by 25m Aussies against financial firms like CCP!
AFCA is now being extorted by Credit Corp, seeking to obtain inside information from Ombudsman!
There's much more. Suggest, DYOR
https://www.google.com/search?ei=9yg_X6qLA6mG4-EP0euZ8AQ&q=AFCA+legislation&oq=AFCA+legislation&gs_lcp=CgZwc3ktYWIQAzICCAAyBggAEAcQHjIGCAAQBxAeMgYIABAHEB46BAgAEEc6BQgAEM0CULNHWMRSYIRZaABwAXgAgAGSAogBlg6SAQUwLjEuN5gBAKABAaoBB2d3cy13aXrAAQE&sclient=psy-ab&ved=0ahUKEwjq4s72l6vrAhUpwzgGHdF1Bk4Q4dUDCAw&uact=5
PS: see the "bods" here?
Names (L to R): David Locke CEO; Helen Coonan Chair, Josh Frydengerg Treasurer. Professor Ian Ramsay Melbourne UniQ: why the cosy Cabal, if not so cosy??
(20min delay)