If we cannot resolve your complaint to your satisfaction, we can agree that we have reached a ‘deadlock’. Complaints then need to be submitted to the ISO within 2 months of the deadlock being declared.
On receipt of the signed Confidentiality Provisions form, a copy of the submission to the IFSO is sent to Moneyworks, as authority to release our file to the IFSO, together with details of the complaint made to the IFSO. As the complaint has to be ‘deadlocked’ before being referred to the IFSO, the file should be ready and prepared and therefore, able to be sent to the IFSO within 7 days of the request.
Where possible, complaints will be resolved by agreement between the parties to the dispute. Various approaches can be used: negotiation, conciliation, or informal mediation. However, where resolution is not possible by agreement, each complaint coming within the IFSO’s jurisdiction will be thoroughly investigated, irrespective of how minor the issues may seem. The IFSO’s benchmark for closing files is within 90 days of the complaint.
At the end of the process, an assessment will be provided. This is a written summary of the complaint, the issues involved and a decision about whether the complaint as been upheld or not upheld. When an Assessment has been reviewed, it is sent to the unsuccessful party. A review of the decision can be requested if relevant new evidence or proper grounds for the request is provided within a specified period (normally 2 weeks.)
If the complaint is not upheld and there is no response by the end of the specified period, the file will be closed and Moneyworks will be provided with a copy of the Assessment.
If the complaint is upheld in full or in part, the Assessment is sent to Moneyworks. If we accept the Assessment and settlement requires us to provide valuable consideration, a settlement form is sent to you, which states that the offer is in full and final settlement of the subject matter of the complaint.
All documents provided by each party are to be returned to them within two months.