In today’s world, having access to abundant power resources is paramount to accomplish everyday tasks and live your own life.
Australia understands that need, and with your mates here at CIGNO, you have the drive to find your own utility vendor, with the Energy & Gas Comparison service!
Keeping the current flowing:The CIGNO Energy & Gas Comparison tool allows you to identify which energy and gas vendors in your state or territory have the utility package most synched with your needs and finances. Get plugged in with an educated decision that doesn’t “shock” your purse and helps the environment.
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Choose from Energy & Gas, Home Loans, Broadband, or Superannuation.
Provide basic information to help our tools draft the results closest to your specific requirements.
Once the tools have displayed the best options available, you now have the freedom to pick which of them is your ideal choice.
Whether it’s a lower utility rate, a home loan with more flexible premiums, a faster broadband connection, or a super plan most aligned with your future goals, they are questions only YOU can answer.
In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.
The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.
With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:
Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.
The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.
Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.
You can access legal advice in your state at: Free legal advice – Moneysmart.gov.au.
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