Wagu Steak, Shiraz and Caviar back on the Menu!
Wagu Steak, shiraz and caviar back on the menu! Federal Court dismisses ASIC’s Responsible Lending case against Westpac
Yesterday, the Federal Court handed down its much anticipated decision in ASIC’s landmark “test case” on Responsible Lending, finally providing clarification of this key obligation in consumer lending.
In this half-hour breakfast briefing, hear from Holley Nethercote Partner, Jesse Vermiglio, as he discusses:
• Why the decision is significant and what it means for banks, other lenders and brokers of consumer loans
• How it is likely to affect the assessment of variable expenses
• What it means for the use of benchmarks (HEM)
• What is ASIC likely to do next, including in relation to Regulatory Guide 209