No wagyu for you: ASIC loses landmark case against Westpac

He gave the example of everyone needing to eat, but that different consumers spend different amounts on food depending on their financial circumstances.

Justice Perram said similar issues arose in assessing whether a loan would place someone into financial hardship. "Nor for that matter does knowing that the consumer spends $500 per week on basic food items," he said.

No smashed avocado on toast?

Really? How can I ditch something I don’t imbibe in?

Right. Because stagnant wage growth compared to inflation has NOTHING to do with housing insecurity. 🖕🖕🖕 To that guy.

Stupid Federal Court judgment all missed the point, issue was: BANK LENDED MONEY TO PEOPLE THEY KNOWN CANOT REPAY LOAN. No diferent to drug dealer supply drugs when person can pay what happens after don't care.

As always Federal Court on side of Corporation never serve people. Judges are ass, enjoy high wages and enjoy expencive lunch and whiskey 3 times daily, live in expencive houses fully paid and he has audacity to criticize people that canot pay mortgage.

Thank God for that ruling! Now can banks start lending again please!!

Better yet - don’t have kids. You will save heaps that way

Stop blaming everyone else and take responsibility 'It is proposed that self-responsibility or self-accountability is the quintessential defining attribute to qualify as an adult. To be self-accountable means to be answerable for the obligations and duties you have in your life'

If u can't pay your mortgage at these interest rates. Then quite simply u have r living / lived beyond your means !

When I can't pay my mortgage I don't buy the over priced property in the first place ! WestPac ASIC

Exactly right to many people living champagne life styles on beer wages .....

Of course the bank is innocent, of course

This is the ‘smashed avo’ argument again. It still feels like the top end if town ganging up on the people audacious enough to be poor, like they planned not knowing how to hide funds offshore or exploit others.

Wise words. Might also include the iPhone, exorbitant mobile contract and multiple streaming services.

This is condoning usury! Shame! Government-run bank needed.... ASAP

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Westpac wins out over ASIC on responsible home loan caseThe Federal Court dismisses ASIC's responsible lending case against Westpac and orders the regulator to pay the bank's costs. Has ASIC won anything, ever? auspol The bank always wins mikejanda How many witnesses did ASIC bring forward to the case? I believe none is the answer.
Source: abcnews - 🏆 5. / 83 Read more »

Westpac wins out over ASIC on responsible home loan caseThe Federal Court dismisses ASIC's responsible lending case against Westpac and orders the regulator to pay the bank's costs. Has ASIC won anything, ever? auspol The bank always wins mikejanda How many witnesses did ASIC bring forward to the case? I believe none is the answer.
Source: abcnews - 🏆 5. / 83 Read more »

Folau reactivates social media accounts ahead of landmark court case | Sky News AustraliaFormer Wallabies player Israel Folau temporarily took down his social media accounts on Monday ahead of his contentious battle with Rugby Australia.\n\nThe 30-year-old is seeking $10 million in compensation and the right to resume his rugby career after the game's governing body sacked him over a string of controversial social media posts.\n\nRugby Australia say Mr Folau committed a 'high level' breach of the players' Code of Conduct after publishing a post denigrating homosexuals, adulterers and liars, among others. \n\nImage: Getty So which is it Sky? He took them down or he reinstated them, because your headlines don’t make sense.
Source: SkyNewsAust - 🏆 7. / 78 Read more »