Business
Westpac wins in ‘shiraz and wagyu’ appeal decision – The Australian Financial Review
A full bench of the Federal Court has made a landmark decision on responsible lending laws in favour of Westpac in a prolonged battle with ASIC.
ASIC argued Westpac’s system was based on improper inputs, including an index of household spending. ASIC described the household expenditure measure (HEM) benchmark used by Westpac as “frugal”, argu…
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