Urban Rampage, which operates retail stores in Nhulunbuy, Tennant Creek, Katherine, and Alice Springs, said the Australian Securities and Investments Commission’s decision to hold the company’s Centrepay facility indefinitely is having a disastrous effect on its First Nations customers.

Earlier this month, ASIC ordered Urban Rampage to end customers on welfare paying through a federal government credit scheme, with the agency saying the company targets welfare recipients living in remote Aboriginal communities, with more than 5,000 customers having signed up at the Alice Springs store alone.

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