AUSTRALIA’S top banking regulator has rejected an offer to pay a gay man to stay away from gay bashing websites, saying the offer was not “appropriate” and “out of line”.
The Federal Financial Markets Authority has been examining the possible sale of a website called “Forbes Gay” after it emerged the company was paid to use homophobic slurs and derogatory names in an effort to attract customers.
Key points:The FMA has rejected a proposed $250,000 deal to pay gay man ‘to avoid homophobic abuse’The organisation said it had not received any complaints from customers about the websiteThe FCA has also rejected a proposal from an online dating site to pay “gay men” to “avoid homophobic abuse”The Federal Government said it was considering a proposal to pay an anonymous gay man $250 000 to stay out of homophobic abuse.
The website “Forbes Gay” is run by gay men from Australia and New Zealand and boasts of being the only online dating service that allows customers to “meet and be matched with other like-minded people”.
It says its mission is to give people the chance to find their “passionate soul mates” through a series of “personalised” profiles.
But critics have criticised the service for its homophobic comments, which they claim could harm gay people.
The FFA has rejected the proposal to accept the money as it was not an appropriate or “appropriate business arrangement”.
“It’s a significant offer from a major financial institution that has not received a complaint from anyone,” said the FFA’s acting chief executive, Mark Tami.
“We would be disappointed if a company or individual that we are considering making an offer for an individual were to offer a substantial amount of money to an individual for the sole purpose of avoiding homophobic abuse.”
“It would be inappropriate and inappropriate for a major bank to accept an offer of this nature.”‘
We’re not going to accept this kind of offer’: CEOTami said the organisation would be examining the offer with the Financial Conduct Authority (FCA) in an attempt to determine whether the offer is appropriate.
“The FBA will not accept an arrangement that would have a significant impact on people’s personal safety or wellbeing,” he said.
“It will also be assessing the potential impact on our community if this particular arrangement were to occur.”
In the meantime, the FMA is reviewing this matter and taking a decision in the coming weeks.”‘
Not acceptable’: Australian Securities and Investments Commission chairmanJohn Kavanagh told news.com to not accept the deal.”
I’ve said this before, I don’t think it’s acceptable, it’s not appropriate and it’s out of line,” he told news